Ethics Audit Report: Monsanto Case Analysis - Business Ethics

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Added on  2023/04/21

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This report provides an in-depth analysis of Monsanto's ethical considerations, addressing the case study's requirements. It begins with a business description and a PEST analysis to understand the external environment. The core of the report utilizes the seven-step ethical decision-making model to dissect the ethical dilemmas faced by Monsanto, considering various stakeholders and their interests. The analysis delves into organizational culture, legal and patent issues, and the methods employed to manage these challenges. The report also examines Monsanto's current practices, including partnerships and sustainable agriculture initiatives. Finally, the report concludes with recommendations based on the gathered experiences and ethical theories, integrating relevant biblical principles to offer a comprehensive ethics audit of the organization.
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Ethics
NAME OF THE STUDENT
NAME OF THE UNIVERSITY
AUTHOR NOTE :
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Table of Content
Introduction
Business Description
PEST analysis
Seven Steps of Ethical Decision making
Stakeholders
Organization culture
Problem faced by organization
Methods of managing issues
Current practices in the organization
Gathered experiences
Conclusion
References
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Introduction
Monsanto is considered to be worlds largest seed
manufacturing organization.
The organization comes up with more than 15.9
billion sales.
The organization aims to hold 70 to 100 percent of
the market share.
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Business Description
Monsanto was first producer of artificial
sweeter which is sold to Coca-Cola.
Monsanto is world recognized organization
which makes use of biotechnology.
The organization manufactures seeds which
can survive drought and high yield crops.
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PEST Analysis
PEST analysis is a strategic tool which is needed by
organization for tracking microenvironment factors.
Political factors : It will help in understanding the overall
intervention in the organization.
Economic factor : It will help in having a direct effect on the
overall profit of the organization.
Social factor : It is the factor where business tend to operate
which can have direct impact.
Technological factor : It is an important for understanding
research and development in the organization.
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Seven Steps of Ethical Decision Making
There are manly steps of ethical steps decision making like
Facts
Ethical Issues
Alternatives
Stakeholders
Ethics of Alternatives
Practical Constraints
Action to take
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Stakeholders
Monsanto has successful created a brand name
in the manufacturing of various chemicals.
There are mainly three key stakeholders of this
organization like
Customer
Employee
Suppliers
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Organizational Culture and ethics
There are large number of stakeholders
which are considered to be important for
understanding the safety and moral of
Genetically modified food.
Monsanto makes use of technological
aspects which is needed for gaining
power.
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Problem faced by Organization
There are mainly kind of issues encountered by
Monsanto organization that is legal and patent
issues.
Farmers makes use of this Monsanto seed which
is not needed for manufacturing.
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Methods of managing issues
Monsanto has spend millions of dollars in various
programs for improving the communities.
Monsanto has come up with code of conduct
needed for ethical expectation.
The organization has implemented biotech
programs that can add 10 years of time.
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Current practices within Organization
Monsanto has created new kind of partnership
between both nonprofit organization.
The organization aims to understand the idea with
respect to world population.
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Gathered Experiences
Monsanto has come up new kind of option like
Sustainable Agriculture
Charitable Giving
Monsanto has encountered large number of issues like
Legal issues
Patent issues
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