...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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...perspective, as their actions 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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...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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...Case 1: “Monsanto Attempts to Balance Stakeholder Interests” Dr. Obradovich Case 1: “Monsanto Attempts to Balance Stakeholder Interests” Harry Stevenson September 15th, 2015 Monsanto is one of the world’s largest industrial agriculture businesses, especially focusing on genetically modified products. The company specializes in biotechnology, modifying crops and genetic manipulation of organisms. These modifications help farmers by using less land and creating more crops, which equals more profits. Genetically modified (GM) food also helps create solutions to world hunger problems and is a rapidly growing product for famers. GM products have stirred up controversy everywhere they are distributed, and Monsanto, being a huge multinational corporation and a major producer, is at the center of the debate. Throughout the company’s history, Monsanto has been attacked with criticisms from governments, farmers and activists groups because of their controversial products. This case deals with the ethical implications of producing and selling a product without understanding the environmental and physical implications of the products. Monsanto claims that its products are safe, and the FDA has proclaimed that GM food is safe to consume but critics are not convinced and continue to try and stop the use of GM products. Monsanto has showed a clear disregard for ethical obligations in its history and continues to downplay the importance of environmental and physical risks to the...
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...Case Study 1: Monsanto Attempts to Balance Stakeholder Interests This case involves Monsanto, the world’s largest seed company. This is no ordinary seed company, it specializes in the genetic manipulation of organisms, known as biotechnology. Weeds, insects, and drought have been a huge issue for farmers. Herbicides and pesticides were creators to keep pests off of plants, however, applying them proved to be expensive and time consuming. Monsanto answered this problem by creating seeds that contained the herbicide Roundup, which kills weeds without harming the crops themselves. These types of genetically modified (GM) seeds were just the beginning. Drought-tolerant seeds were also created for dry area such as Africa. Opponents of genetically modified crops have various reasons for believing that these products will have a negative effect on the people and insects that consume it. Monsanto has a history of unethical cultures that have had a negative effect on many stakeholders such as the environment, plants, animals and humans. The benefits of growing genetically modified seeds for crops do not seem to outweigh the negative consequences of using them. In an effort to manage the potential harm to plant and animal life from using products such as Roundup, Monsanto should adhere to the code of ethics and follow the EPA’s guidelines. “Ethical culture is acceptable behavior as defined by the company and industry” (Ferrell, Fraedrich, & Ferrell, p. 15). Monsanto’s seems to have...
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...Parker Gross MKTG 495 Case #3 – Monsanto I: Situation Analysis Monsanto is a company that some people may not be explicitly familiar with on a first name basis. However, the work that the company has done over the last century, with a larger emphasis on its most recent ventures, have been deeply engrained in our lives, our food, and our economy. Monsanto has those who advocate on their behalf in addition to their naysayers. While Monsanto has made huge strides in terms of biotechnology over the last couple of decades, their accomplishments, and the relevant methods, have not been free of criticism and controversy. In order to analyze Monsanto’s corporate environment, it is important to first explore their Strengths, Weaknesses, Opportunities, and Threats through conducting a SWOT analysis. <Insert Exhibit 1 Here (See end of file)> Now that Monsanto’s internal and external environments have been analyzed through the SWOT analysis featured in Exhibit 1, it is necessary to determine what information is still necessary, and what assumptions might need to be made in order to be better-informed to make a decision. II: Assumptions and Missing Information The first piece of information that comes to mind that is only briefly mentioned in the case but that is very important to know about is the availability of alternatives and the presence of competitors. Considering that Monsanto held a considerable market share and sold a staggering majority of GMO crops at the time...
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...Businesses only act in an ethical way because it looks good rather than because it is the right thing to do. To what extent do you agree with this statement? (40 Marks) Businesses are differentiated in several ways but one way that really separates businesses are the ethics of the company. Ethics are the standards of right and wrong behaviour from the company, this is difficult for a business as they all have different ethics and to what extent how ethical they are and should be, if they even want to be ethical? I will now look at businesses that have different ethics and how this has affected their running of the business, also evaluating why they chose to be so ethical. One company that do not publicise their ethical culture is Ben and Jerry’s, the ice cream giant with their elaborate and quirky flavours which they have become iconic for started a revolution by becoming the first ever company to become ‘fair trade’ with Vanilla Ice Cream in 2006 and have declared all European products by 2011 will be and by the end of 2013 the rest of the worlds production. This basically meant everyone involved in the process of creating the ice cream including the labour such as farmers who extracted the raw materials to produce their goods such as cocoa beans were paid at a good rate which would’ve increased their costs but not significantly. The reason costs didn’t rise significantly was mainly due to the company expanding allowing them to exploit economies of scale by bulk-buying their...
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...resources to create a valuable invention. Inventors rely on patent laws to recover the costs of research and development. The most persuasive and controversial argument against patentability of higher life forms are ethical. The Morality Doctrine in the E.U. mentions morality as the relation to the belief that some behavior is right and acceptable whereas other behavior is wrong, this belief founded on the totality of the accepted norms, which are deeply rooted in a particular culture (Campbell, 2007). Although the U.S. does not have a similar doctrine in place, the courts are left to decide what is ethical vs. unethical in terms of patentability. The Supreme Court’s gene patent decision makes patenting naturally occurring genes no longer patentable. Genes that are edited and not found in nature are patentable (National Geographic, 2013). Thus introducing the controversy of what genetic modifications and life forms are acceptable, thus leading to an argument to prevent genetic modifications to maintain an ethical...
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...Part I Intra- and Extra Organizational Ethical Issues In prior to clarify the relationship between intra- and extra-organizational intangibles in individual cases, how these intangibles within business organizations could interact with those organizations’ various external constituents or stakeholders should be stressed in the very beginning. As the cornerstone of the corporate strategy, risk management plays a crucial role in promoting business ethics and social responsibility. Since any failure to appear in business integrity could result in a ruin of reputation, both of employers and employees should commit themselves to maximize returns to their shareholders. Therefore, how to evaluate and control the risk within corporations has become the center of business development. Strengthening customer loyalty and investors’ confidence could differentiate companies from their competitors mainly by improving intra-organizational ethics. On the contrary, ignoring business ethics from the companies could encourage their major competitors to use that against them, thus resulting in an enormous loss of share in the market. In addition, taking the initiative in business ethics could allow corporations to avoid interruption of taxation and regulation. Conversely, the dishonest business acting is possible to force the company into litigation or penalization by the law agencies of local governments. However, merely concentrating on the intra-organizational ethics could underestimate the...
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...OUTLINE What Is Managerial Ethics? 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...
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...Ethical Decisions in Leadership OLS26300 Gareth M Terhune Spring 2013 Goals: As a leader, I want to be someone that my peers look up to. I want to be the authority figure that my underlings feel they can talk to and express their thoughts and fears to. I want to be the figure that others aspire to work for and bond with. I want to see the company that I bond with succeed. I want the employees to want to work under me. I want the people that I bring to my company to desire to be like my company. These people need to feel secure in their positions within this company, and feel as if they can better themselves by working harder for this company. I have a desire to delve into the inner working of my company and immerse myself in the activities of the day-to day variety. This experience is necessary to understand how to update and stream line the workings of my company. Without knowledge on how these things work then I cannot change them for the better. Mission: I want people to know that I am not ashamed to live and raise my family in a Christian manner. I want people to see my actions and to realize that you can be of good faith and still relate to the world around you. I will provide for and protect my family to the best of my ability. I will continue to strive to better myself for those that depend upon me. I strive to create and maintain a healthy productive environment in which all employees feel secure in their positions within the company. I...
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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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...Innovation And Organization Structure 1 Report on Innovation & Organization Structure With case study on Google Inc. Ltd. Prepared By:Akash Tripathy (MS12A005) Deepti Agrawal (MS12A031) Nanda KumarA(MS12A044) Ravinder Reddy(MS12A063) Shine Nagpal (MS12A083) Sunaek Sivadas Vishesh Kumar Agarwal(MS12A103) Innovation And Organization Structure 2 TABLE OF CONTENTS Introduction…………………………………………………………………………………….3 Innovation a. What is Innovation? ……………………………………………………………..........4 b. What are the different types of innovation possible in the organization?....................5 Organization Structure a. What is Organization Structure?.................................................................................9 b. Role of Organizational structure in Innovation…………………………….….……..9 c. The nine common characteristics of innovative organization……………….….…...9 Innovation in Organization a. Examples of Organization promoting Innovation…………………………....…......10 b. Common practices found among organizations fostering innovation………………12 c. Ways to Find Innovation at an Organization………………………………….……..12 d. Processes at organization to drive Innovation ……………………………….……..13 Case study of an Organization- Google a. Organization structure of Google……………………………………………………14 b. Google’s organization chart…………………………………………………..….….19 c. Products of Google……………………………………………………………….….20 d. Advertising services of Google………………………………….…………….…….21 e. Communication and publishing tools of Google………………...
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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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...Flow of foreign direct investment: The amount of foreign direct investment undertaken over a given time period (normally one year). An example of foreign direct investment would be an American company taking a majority stake in a company in China. Stock of foreign direct investment: The total accumulated value of foreign-owned assets at a given time. For example, French enterprises have been significant foreign investors for McDonald’s; some 1,100 French multinationals account for around 8 percent of the global stock of foreign direct investment Common law system is based on tradition, precedent, and custom. Tradition refers to a country’s legal history, precedent to cases that have come before the courts in the past, and custom to the ways in which laws are applied in specific situations. It differs from a civil law system which is based on a detailed set of laws organized into codes. When law courts interpret civil law, they do so with regard to these codes. Factor endowments are the extent to which a country is endowed with such resources as land, labor, and capital. A simple example of a factor endowment with respect to land would be the presence of natural resources such as oil. Countries with abundant oil tend to export oil, focusing internal resources toward producing the factor they have in quantity. Angola is an extreme example of such specialization: oil accounts for 98% of its exports or for instance, as China's labor force has grown more skilled, wages have risen...
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