Monsanto Case from Business Ethics
Monsanto maintain an ethical culture that can effectively respond to various stakeholders? Yes, it does. Ethical culture means to assert the supreme importance of the ethical factor in all relations of life, personal, social, national, and international, apart from any theological or metaphysical considerations (“Encyclopedia. com”, 2012). Over a few decades, Monsanto has been hiding about the environmental pollution that is harmful for people.
The stakeholders were loss of confidence to the company that cause the stock price to fall drastically. However, when Hugh grant took over the position as a CEO of Monsanto, the company was growing more and more. 2. Compare the benefits of growing GM seeds for crops with the potential negative consequences of using them. The benefit to growing GM seeds mean farmers can expect better yields.
Monsanto Case from Business Ethics Essay Example
Furthermore, GM seeds can now grow more on less land, meaning that it increases the profit to the farmers. With better yields, it meets the demand for the humanity. However, GM seeds have potential negative consequences as well. Critiques were unsure about the health safety issue that caused by GM seeds since the effect might not be shown in short-term period. Even though FDA has approved, many still believe that GM seeds were unnatural since what goes into the seeds can be controlled. 3.
How should Monsanto manage the potential harm to plant and animal life from using products such as Roundup? As the advancement of technology, Monsanto created seeds containing the herbicide Roundup Ready, which kill weeds but spare the crops. Monsanto asserts that Roundup Ready doesn’t usually end up in ground water and it won’t contaminate ground water. It is safe and won’t disturb aquatic species. They are trying their best to take actions so that farmers would feel safe to use Roundup.