Business Ethics Assignment Solved
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Added on 2020-10-05
Business Ethics Assignment Solved
Added on 2020-10-05
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BUSINESS ETHICS
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1QUESTIONS...................................................................................................................................11. Does Monsanto maintain an ethical culture that effectively respond to various stakeholders......................................................................................................................................................12. Comparison of benefits and negative consequences of growing GM seeds for crops............33. Monsanto managing the potential harm to plant and animal life using from using productssuch as Round-up.........................................................................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONMonsanto is world's largest seed company with sales over $15.9 billion. Company isengaged in following and maintaining an ethical culture which take into consideration the needsand demands of various stakeholders like employees, government, shareholders, investors,farmers and many others (Glover, (2017). German company Bayer has acquired Monsanto. Firmis engaged in focusing on developing GM seeds which is causing high environmental concerns.Monsanto has faced various ethical challenges and opportunities. Company has been involved inmaking use of unethical practices in order to earn more profit. They utilize various chemical likeround-up ready which is producing harm to human, plant and animal life. QUESTIONS1. Does Monsanto maintain an ethical culture that effectively respond to various stakeholders. It is very important for companies to develop ethical corporate culture. These aids inimproving brand image and help in sustaining in market for longer duration. Leaders areessential stakeholder of Monsanto. They support in shaping culture of business unit. Communitymembers are another essential stakeholder of company. It is analysed that Monsanto is notpaying attention of society members and producing chemicals by firm is affecting atmosphereand individual badly. Agent Orange chemical of company was really harmful for the atmosphere.Leaders are unaware with drawback of this chemical. Entity does not maintain ethical culture; Monsanto concentrates more on achievingbusiness objectives rather than serving best to society. Customers, government agencies,competitors are major stakeholder of company. Transformation of genes and use of adversechemicals create trouble for global ecosystem. To maintain ethical culture, it is very important toproduce ethical product. But Monsanto is paying more attention on earning benefits rather thanproviding ethical seeds.It has been analysed from the case study that Monsanto has history of unethical behaviourwith their stakeholders. Firm was engaged in developing those seeds which produce harm tohuman, animals and plants. They have not maintained an ethical culture for which there stakeholders may approve. This is own to the fact that corporation is not even come clean about thenegative that their products could have on the consumers, plants and animals that consume theirproduct on regular basis. They have created Round-up seed which removes the bug from the1
wheat but it also causes a huge damage to the environment. Environmentalists have a hugeconcern over this issue as it is ethically wrong. The investors of Monsanto is also engaged inbehaving like Mafia or gestapo so that they can see if farmers are engaged in making use of theseseeds or not. (Evans, (2016). Monsanto is also been engaged in behaving ethically with their stakeholders likeconsumers. Whatever seeds they grow, firm keeps in mind the safety concerns of farmers andconsumers. Like for example Firms are hiring scientist that take into consideration about whatgoes into the GM seeds so that there is no threat to the health of consumers who are consumingthe production of this food (Kotey, Assefa & Van den Berg, (2017). Company was also engagedin taking out an act known as Monsanto protection act in order provide safety to its stakeholders.After the petition the FDA has proclaimed that the GM seeds are safe to consume. Firm when producing GM seeds also took care of environment where they were dealing.This was mainly done to provide ethical support to the stakeholders. It has assisted industry ingaining competitive advantage. Because of it Monsanto has taken tremendous support from itsstakeholders (Bansal, (2017). Like for example the company maintains that the environmentalimpact it has created has been studied by the EPA and it has also been approved by them. Thistask done by company has brought farmers in support of them. Also, it has helped Monsanto inattracting various consumers towards it. But, however Monsanto is also been involved in facing huge criticism. Like for examplemany people claim that company has faced concerns about organisational concerns. Firm wasalso engaged in employing investigators from the law firms to suspect violations. They keep akeen check on unethical and bad practices done by farmers or any other individual. Manycriticisms are been faced by the company. However, it was also analysed that despite facing ofsuch criticisms, it was analysed that firm is engaged in performing corporate socialresponsibilities. Company is also been engaged in making use of transparency which ensures thatall the information is availability, accessible and understandable. A study conducted has produced the evidence that GM crops has highly benefited thefarmers. Company has tried to take its stakeholders in consideration by new product innovationlike drought tolerant seeds and better technologies. They are also engaged in providing Monsantofunds to those who are in need (Shiva, (2016). This funds also gives the educationalopportunities and needs of communities all across the region. For making ethical considerations2
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