Monsanto is one of the largest seed company in the United States and was found by John F. Queeny in 1901 in St. Louis, Missouri. The Monsanto company has created a variety of products to include the artificial sweetener saccharine used by Coca-Cola. Due to past major legal obstacles (Orange Agent) they shifted their efforts from the chemical realm to an organization focused on biotechnology. Their past history has generated a consensus on the possibility of how biotechnology might affect the environment and peoples’ health (Ferrell 302). In order to look at stakeholder’s interest we must look at whether Monsanto maintain an ethical culture that effectively responds to various stakeholders; we must compare the benefits of growing GM seeds for crops with the potential negative consequences of using them; and how should Monsanto manage the potential harm to plant and animal life from using products such as Roundup.
Who are Monsanto Stakeholders?
Monsanto Stakeholders are their employees, customers, suppliers, shareholders, communities and investors. These are the people that have an interest in the business success or how they get there. Of course the company is in business to profit, but in the process it needs to make sure it is doing everything in its power to satisfy the needs of our society and environment, in other words, sustainable development.
History tells us that this company has been through a lot of financial devastation mostly due to its lack of environmental and social responsibility, and we also would like to say,...