Case questions:
Answer 1:- Monsanto is a company that has been around since 1901. They have renovated their company several times throughout the last century to fulfill a need in society. They have been suppliers for items such as artificial sweeter, saccharine, which was sold to Coca-Cola, vanilla flavoring, petroleum, fibers, packaging roundup herbicide, Agent Orange, and biotechnology for genetic manipulation of organisms in seeds. This company has seen touch times with ethics, environmentally, socially and business
Answer 2:- Monsanto has let down their shareholders many times ethically. It started out in the 1970’s when they produced Agent Orange (Ferrell, Fraedrich, Ferrell, 2013). Agent Orange was just their first of many unethical circumstances. Monsanto does not maintain an ethical culture that can effectively respond to various stakeholders because to build a strong business you have to maintain your sense of respect toward the government and the environment. An example of this is when the FDA had to get involved due to whether or not the seeds that Monsanto was being produced were safe for the environment
Answer 3:- To manage the potential harm to plant and animal life from using products such as roundup, the government has required farms using Monsanto’s GM products to create “refuges”. Twenty percent of their fields will be planted with non-genetically modified crops so that bugs from both genetically and non-genetically crops will mate therefore reducing the chance of building up a tolerance to roundup
Answer 4:-
Monsanto is the largest agricultural company that specializes in both conventional and genetically modified organism (GMO) seeds and other products. Overall Monsanto has tried to maintain a good ethical culture to their different stakeholders. Because even with all the issues the organization faced, the company has taken the blame and fixed it the best way possible. For example, when word got out about Monsanto dumping toxic waste into a creek they took all the blame and agreed that it wasn’t right.
Despite all the ethical issues, Monsanto has publicly made a commitment to provide full fledged support to famers through delivering technologies that will amplify the production of crops while conserving resources. They are also improving the livelihood of farmers and the people who depend on them. Monsanto’s goals are attainable through an intricate combination of biotechnology, advanced plant breeding, and improved farmer management practices. The agricultural giant also fulfills obligations to their shareholders by maximizing their profit through the development of more productive and safer seeds Monsanto can do just that (Gini & Marcoux 2009).
On its website, Monsanto positions itself as a relatively new agricultural company that aims to help farmers produce healthier food by increasing productivity, repressing weeds and combating insects while ensuring that environmental standards are not only met but exceeded, and while protecting the safety of people and communities. Its leading product is ‘Roundup’, world’s best selling agriculture herbicide for the last thirty years. Monsanto is also the world leader in biotechnology. There are a lot of benefits of using GMO seeds such as bigger crops and fewer worries. Among these, the biggest benefit is bigger crops because of the growing population. Every year the world population grows and grows. Bigger crops will help with this growing. Farmers will also have fewer worries about bugs, weeds, and drought harming their crops (Ferrell et al., 2010).
Despite, the multiple advantages of GMOs, it is imperative to note that 90 percent of GMO (Genetically Modified Organism) crops grown on the planet belonged to Monsanto. In the light of current crises, the agricultural company is regarded as the most ethically controversial corporation.
Additionally, Monsanto filed lawsuits against many farmers in Canada and U.S.A. on the grounds of patent infringement. Farmers claim Monsanto’s monopoly controls the seed market and they are forced to buy its seeds. Moreover, GMO seeds are seen as eliminating the existence of organic seeds with growing emergence of drastic results of GMO contamination.
Monsanto has been found guilty twice of false advertising in Europe for labeling its herbicide Roundup as ‘biodegradable’ whereas it has extensively campaigned against labeling of its GMO products as ‘genetically modified’. In Monsanto, studies on safety of GMOs have been constructed on the ‘Principle of Substantial Equivalence’ and in some cases, results provide only “some reassurance” that GMO product is very similar to the organic one. Farming communities have long protested that the primary purpose of invention of GMO crops has been to sell pest and weed control chemicals and not to solve food...
Case questions: What are some major points discussed in the case? Does Monsanto maintain an ethical culture that effec...
Case questions: What are some major points discussed in the case? Does Monsanto maintain an ethical culture that effectively responds to various stakeholders? How should Monsanto manage the potential harm to plant and animal life from using products such as Roundup? Using the “Four Lenses” to ethical decision making, how do you think Monsanto should handle this ethical dilemma? Monsanto Attempts to Balance Stakeholder Interests Monsanto is a company that has been around since 1901. They have renovated their company...
CASE ANALYSIS OF MONSANTO COMPANY: Give the following: 1. Central Problem 2. SWOC 3. ACAS (3 alternative courses of action) 4. RECOMMENDATION (choose the best ACA) 5. CONCLUSION MONSANTO COMPANY When you think of Monsanto, the phrase genetically modified likely comes to mind. The Monsanto Company is the world’s largest seed company, with sales of over $11.8 billion. It specializes in biotechnology, or the genetic manipulation of organisms. Monsanto scientists have spent the last few decades modifying crops, often by...
Monsanto’s Roundup® Written August 2001, Revised July 14, 2003 When Pharmacia merged with troubled Monsanto in 1999, investors complained that Monsanto would weigh down Pharmacia’s profits. Pharmacia apparently felt the same way, keeping Monsanto’s drug unit, Searle, but selling 15% of the remaining company as a precursor to dumping it altogether. Investors couldn’t have been more wrong. Between Monsanto’s IPO in October 2000 and August 2001, its share price jumped 80%. Shares of Pharmacia (which still owns 85 percent of...
Refer to the assigned article “In a Bean, a Boon to Biotech” (Pictures of article are underneath). 1A. (200 words or less) The article states “Both Monsanto’s Vistive Gold soybeans and DuPont Pioneer’s Plenish soybeans are engineered to silence the gene for an enzyme that converts oleic fatty acid into linoleic acid.” These products were developed 10 years ago. Describe in conceptual detail : 1) how the gene silenced soybean was likely produced (100 words). 2) how the gene silenced...
Farming with AgriPro (Case Study) AgriPro is a firm based in Colorado, USA, which does research on and produces genetically modified wheat seed. Every year AgriPro conducts thousands of experiments on different varieties of wheat seeds in different locations of the USA. In these experiments, the agricultural and economic characteristics, regional adaptation, and yield potential of different varieties of wheat seeds are investigated. In addition, the benefits of the wheat produced, including the milling and baking quality, are examined. If...