...Monsanto Attempts to Balance Stakeholder Interests 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. 1. Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders? 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. 2. Compare the benefits of growing GM seeds for crops with the potential negative consequences of using them. The benefits of growing GM seeds for crops is that when you genetically modify plant seeds you can put herbicides...
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...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. 1. Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders? 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. 2. Compare the benefits of growing GM seeds for crops with the potential negative consequences of using them. The benefits of growing GM seeds for crops is that when you genetically modify plant seeds you can put herbicides and pesticides in the seeds to prevent bugs from eating them and weeds overtaking...
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...1. Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders? No, it does not. Monsanto have tried, but still fails to even create an ethical culture that can effectively respond to various stakeholders. Considering how many problems over how long of a time Monsanto has made them, they constantly get legislation regarding their product passed in countries, including America, through unethical means. However, the company used the concept of Social Responsibility and Business Ethics to create a reputation value to various stakeholders. For instance, Monsanto gave fifteen million dollars to Donald Danforth Plant Science Center to do crop research in Africa. Also, the fund helped Brazilian children to maintain good health and basic hygiene. In addition, Monsanto supported students who want to study agriculture. But, Monsanto Company’s regulation had become financial burden to many farmers. Farmers who buy seeds from Monsanto could not save for future plant. Else, Farmers will have to pay for Monsanto when they find out. Furthermore, Monsanto produced products that involved in the risk of animals and human health. Some of Monsanto’s actions should considered moral temptation. 2. Compare the benefits of growing GM seeds for crops with the potential negative consequences of using them. Benefits: - Farmers could expect better yields if they used GM seeds. - Farmers can now grow more crops in smaller amount of land which in effect would increase...
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...Monsanto Attempts to Balance Stakeholder Interests 1. Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders? In my opinion, no. Monsanto has tried, but fails to even create an ethical culture that can effectively respond to stakeholders. Considering how many problems over how long of a time Monsanto has created them, they continually get legislation regarding their product passed in countries, including The United States of America, through unethical means. Their product in itself harms the stakeholders they have identified in both direct and indirect ways, from endocrine disrupting, teratogenic, and carcinogenic effects, as well as the weakening of the life support systems of our planet. Before an ethical culture can be achieved, an ethical product must be considered and implemented within the organization (Ferrell, 2015, page. 384). 2. Compare the benefits of growing GM seeds for crops with the potential negative consequences of using them? The benefits of growing genetically modified seeds could be an amazing opportunity for humanity to create unparalleled abundance. They represent a product of hundreds of years observing life and studying it, reducing it down to its parts to understand it. Given time, nearly any gene could be expressed in any organism to help facilitate adaptation to new, emerging conditions. However there are some major problems. The first is the amount of study of the effects of these technologies is in...
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...Monsanto Seed are they Safe Richard Moore Globe University Abstract Does Monsanto Enhanced seed have the necessary impact on the local farmers as well as the most barren or hard to grow crops? Does providing the enhanced seed to local and international groups around the world help in providing the necessary crop yield to feed the families without damaging the t local ecosystem? They are a leading producer of genetically engineered (GE) seed and of the herbicide glyphosate, which it markets under the Roundup brand. Glyphosate is a broad-spectrum systemic herbicide used to kill weeds, especially annual broadleaf weeds and grasses known to compete with commercial crops grown around the globe. Is using the weed killer Rounds an ethical thing to do when it has the potential to harm plans and animals? Monsanto seeds are they Safe Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders? Like any other large firm, Monsanto also has the responsibility to maintain an ethical culture that can respond effectively to stakeholders when issues arise. There are issues with their products that still need to be resolved including the risks to health and damage to the environment. They also need to enforce their code of ethics to mitigate employee misconduct. Although Monsanto has made ethical mistakes in the past, it is trying to remedy this. Monsanto accepts full responsibility for its employees’ behavior. The incidents showed that although...
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... 1. Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders? I believe that overall Monsanto has tried to maintain a good ethical culture to their different stakeholders. I say this because even with all the issues they went through, and still going through, they have took 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. It’s hard to say if they have made the right decisions on some issues. The stakeholder’s problem with if the GM seeds are safe for consumers can not really be handled until time has passed by to show the results. But they could always prove to stakeholders that they are running tests and doing all that they can do. 2. Compare the benefits of growing GMO seeds for crops with the potential negative consequences if using them. 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 our growing population. Every year our 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. There are some consequences about these seeds. Will they harm consumers? Will bugs and weeds begin to exhibit tolerance with these seeds? What effects will it have on the environment? Most of these questions Monsanto cannot...
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...Case Assignment 1 1. Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders? Yes, it does. Ethical culture Stresses the importance of ethical behavior dependent of any religious beliefs in relation to life, personal, social, local and international, (“Dictionary.com”). From a surface view Monsanto is adhering to ethical corporate responsibility. They are giving back to the community, and making sure that they do not pollute the environment. They speak of social responsibility and business ethics to create a great reputation with stakeholders. They donate funds to research and low income individuals. All the while these good deeds that are seen from the surface cover up major issues that are very prevalent. For decades Monsanto has been hiding the truth about the environmental pollution from its products. that are harmful for people. The stakeholders have rightfully loss confidence in the company causing stock prices to fall dramatically. 2. Compare the benefits of growing GM seeds for crops with the potential negative consequences of using them. The benefit if one will call it that to growing GM seeds is the high quantity crop productions. The benefit to growing GM seeds mean farmers can expect better yields. This is because of the bug repellant nature of the GM crops and bugs can eat up a very substantial amount of crops. However, many years have “we” grown crops and invented ways of protecting the fields from bugs and animals....
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...Monsanto Attempts to Balance Stakeholder Interests Monsanto is one of the largest specialized in biotechnology companies that were not the largest ever in the world in this area. It has focused in recent decades on the modification of crops through the introduction of new genes and gene-conditioning inside the seed a better way for the development of specific goals such as control pests and increase production rates. Monsanto produces and markets 90% of genetically modified seeds that have helped farmers around the world. Through its products from seeds or genes used by other companies have the monopoly of Monsanto arrived in some crops in 70-100 of the market share of the foregoing became Monsanto's supporters and anti-where the point of view of the supporters was that Monsanto since reached technology that can contribute to solving the problem of food shortages in the world, including availability of high-yield products and resistance to pests. The opinion of the owners and your monopoly may make Monsanto multinational giant requisition food supplies in the world modified seeds genetically its health effects and the environment and biodiversity with all this division between the pro and anti-Monsanto this giant did not stop from becoming the largest and most govern in crops. All this controversy makes us look into the history of Monsanto where beginnings were in the production of chemicals that make us more wary of Monsanto products, modified Rathian the safety of individuals...
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...don't seem to coincide with those ideals. It is exactly what people hope to see when reading any company's code of ethics. Upon researching Monsanto and it's ethical issues, I have come to the conclusion that I do not believe them to be very ethical actors, or at the very least, they know how to operate in gray areas. While they do donate to charities, those donations seem to have motivation beyond altruism. To me, their donating seeds to third world nations is really only an attempt to get in to an untapped market that will eventually rely on them. The reason I believe this is because they have shown through past actions that their main goal is to control the majority of the world's GMO supply whether it is seeds or Prosilac, the hormone used to produce more milk in cows, or any other product they produce. They sued DuPont, a competitor, for trying to create their own seeds that could withstand Roundup (a Monsanto product that has all but completely saturated the marketplace). If DuPont didn't try to engineer seeds that could withstand Roundup, they literally wouldn't be able to compete as Roundup is so widely used. Their seeds would not produce crops and they wouldn't have customers. Also, the fact that their customers cannot reuse seeds from year to year shows profit motivation. Obviously, businesses rely on profit, but I feel like Monsanto has abused the power it has secured over the food supply. If their goals were simply to wipe out world...
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...Criteria for Ethical Decision Making Utilitarian Approach Individualism Approach Moral Rights Approach Justice Approach Factors Affecting Ethical Choices The Manager The Organization What Is Social Responsibility? Organizational Stakeholders The Ethic of Sustainability and the Natural Environment Evaluating Corporate Social Performance Economic Responsibilities Legal Responsibilities Ethical Responsibilities Discretionary Responsibilities Managing Company Ethics and Social Responsibility Ethical Individuals Ethical Leadership Organizational Structures and Systems Ethical Challenges in Turbulent Times Economic Performance Social Entrepreneurship Managerial Ethics and Corporate Social Responsibility LEARNING OBJECTIVES After studying this chapter, you should be able to do the following: 1 2 3 4 5 6 7 Define ethics and explain how ethical behavior relates to behavior governed by law and free choice. Explain the utilitarian, individualism, moral rights, and justice approaches for evaluating ethical behavior. Describe how individual and organizational factors shape ethical decision making. Define corporate social responsibility and how to evaluate it along economic, legal, ethical, and discretionary criteria. Describe four organizational approaches to environmental responsibility, and explain the philosophy of sustainability. Discuss how ethical organizations are created through ethical leadership and organizational structures and systems. Identify important stakeholders for an...
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...C H A P T E R Organizational Culture Learning Objectives After reading this chapter, you should be able to: • Describe the elements of organizational culture. • Discuss the importance of organizational subcultures. • List four categories of artifacts through which corporate culture is communicated. • Identify three functions of organizational culture. • Discuss the conditions under which cultural strength improves corporate performance. • Discuss the effect of organizational culture on business ethics. • Compare and contrast four strategies for merging organizational cultures. • Identify five strategies to strengthen an organization’s culture. 16 S I X T E E N 496 T o an outsider, PeopleSoft is one of the loopiest places on the planet. The Pleasanton, California, business management software company has nerf ball shootouts and minigolf tournaments in the hallways. Dress-down day is every day of the week. A white collar is usually a T-shirt. The bagels and gourmet coffee are free. Having fun is so ingrained that many employees—called PeoplePeople—say it’s the best place to have a bad day. PeopleSoft also values egalitarianism— treating everyone with respect and minimal status differences. Executives don’t have secretaries, special perks, or grandiose offices. “Don’t kiss up and slap down,” PeopleSoft cofounder Dave Duffield reminds everyone. In other words, give the bagel delivery guy the same respect as the company president. PeopleSoft is also extreme on...
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...NGO Engagement with the Private Sector on a Global Agenda to End Poverty: A Review of the Issues A Background Paper for The Learning Circle on NGO Engagement with the Private Sector Canadian Council for International Cooperation Policy Team Moira Hutchinson January 2000 Acknowledgements: This paper was prepared by Moira Hutchinson as an introductory paper to issues for the CCIC’s Learning Circle on NGO Engagement with the Private Sector. CCIC is grateful to the IDRC’s Canadian Partnerships Program for funding for the Learning Circle, including the production of this paper. The author wishes to express appreciation for the editing and other assistance provided by Brian Tomlinson of the CCIC, and for suggestions from other members of the planning group for the Learning Circle: Andrea Botto, Anne Buchanan, Tim Draimin, Philippe Jean, Brian Murphy and Lynda Yanz. 2 NGO Engagement with the Private Sector on a Global Agenda to End Poverty : A Review of the Issues Table of Contents 1. Introduction 1 2. What is this discussion really about? 2 3. Canadian NGOs: issues in advocacy, dialogue and partnership 3 3.1 Advocacy 3 3.2 Direct dialogue 6 3.3 Programming social partnerships and strategic alliances 8 3.3.1 What is driving the discussion of social programming partnerships and strategic alliances? a) Corporate interests b) Intermediary organizations c) NGO interests d) Government agendas e) Overlapping NGO-corporate interests? 10 10 11 12 13 14 3.3.2 Financial relationships...
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...FROM FEBRUARY 2014 TO AUGUST 2015 I N T E R A C T I V E T E X T FAB/F1 ACCOUNTANT IN BUSINESS First edition March 2011 Third edition September 2013 ISBN 9781 4453 7026 2 Previous ISBN 9781 4453 9965 2 eISBN 9781 4453 7061 3 British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place 142-144 Uxbridge Road London W12 8AA www.bpp.com/learningmedia Printed in the United Kingdom by RICOH Ricoh House Ullswater Crescent Coulsdon CR5 2HR A note about copyright Dear Customer What does the little © mean and why does it matter? Your market-leading BPP books, course materials and elearning materials do not write and update themselves. People write them on their own behalf or as employees of an organisation that invests in this activity. Copyright law protects their livelihoods. It does so by creating rights over the use of the content. Breach of copyright is a form of...
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...Money in the Vacuum Tube Business (Chapter 5) ● The Evolution of Strategy at Procter & Gamble (Chapter 6) ● Diversification at 3M: Leveraging Technology (Chapter 7) ● News Corp’s Successful Acquisition Strategy (Chapter 8) ● How to Flatten and Decentralize Structure (Chapter 9) Practicing Strategic Management Application-based activities intended to get your students thinking beyond the book. Small-Group Exercises Short experiential exercises that ask students to coordinate and collaborate on group work focused on an aspect of strategic management. Exploring the Web Internet exercises that require students to explore company websites and answer chapter-related questions. Designing a Planning System (Chapter 1) Evaluating Stakeholder Claims (Chapter 2) Competing with Microsoft (Chapter 3) Analyzing Competitive Advantage (Chapter 4) How to Keep the Salsa Hot (Chapter 5) Developing a Global Strategy (Chapter 6) Comparing Vertical Integration Strategies (Chapter 7) ● Identifying News Corp’s Strategies (Chapter 8) ● Speeding Up Product Development (Chapter 9) ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●...
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...Money in the Vacuum Tube Business (Chapter 5) ● The Evolution of Strategy at Procter & Gamble (Chapter 6) ● Diversification at 3M: Leveraging Technology (Chapter 7) ● News Corp’s Successful Acquisition Strategy (Chapter 8) ● How to Flatten and Decentralize Structure (Chapter 9) Practicing Strategic Management Application-based activities intended to get your students thinking beyond the book. Small-Group Exercises Short experiential exercises that ask students to coordinate and collaborate on group work focused on an aspect of strategic management. Exploring the Web Internet exercises that require students to explore company websites and answer chapter-related questions. Designing a Planning System (Chapter 1) Evaluating Stakeholder Claims (Chapter 2) Competing with Microsoft (Chapter 3) Analyzing Competitive Advantage (Chapter 4) How to Keep the Salsa Hot (Chapter 5) Developing a Global Strategy (Chapter 6) Comparing Vertical Integration Strategies (Chapter 7) ● Identifying News Corp’s Strategies (Chapter 8) ● Speeding Up Product Development (Chapter 9) ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●...
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