Monsanto's Stakeholders

In order to take the necessary steps to balance the conflicting needs of the stakeholder groups, Monsanto would first have to define who their stakeholders are and what specific needs each stakeholder possesses. Since Monsanto is the world’s largest seed company, sales over $11.5 billion dollars of product a year, and owns 90% of the world’s genetically modified seeds, the number of stakeholders is sure to be vast.
In the terms of stakeholders, I would begin with Monsanto’s suppliers. These would encompass the individuals or companies supplying Monsanto with the necessary materials to create their genetically modified seeds. With a quick glance at Monsanto’s company website, I was able to quickly find the company’s statement on how supplier

This would include the people creating the product, marketing the product, ensuring the product is getting pushed out to consumers, and all those individuals working behind the scenes. According to the company website, Monsanto hires for the following fields: engineers, sales, research, technicians, information technology, and finance. Monsanto indicates various characteristics they look for in new hires and states that these traits are closely linked to their corporate strategy. The needs of the employees would be a good compensation and benefits package and an ideal work

The individuals that consume the food would likely agree with the farmer and want a lower cost for the product, in order to lessen the financial impact on their budget for purchasing the food.
Investors and shareholders of the company would be another stakeholder in the Monsanto corporation. Their overwhelming need would be profit. They would expect the company to continue to amass product sales in excess of $11 billion dollars. Due to the profitability of the seeds, the investors and shareholders would likely want strategists to focus on how to make the company more profitable in undeveloped countries, which would increase those countries on the dependence of the Monsanto product.
The last stakeholder I can think of is society at large. The need for society is to ensure their concerns are heard and understood by the company. Monsanto currently has the upper-hand due to the FDA declaring biotech crops as being safe; however, the concern is whether enough time has passed to properly gauge and research the long-term effects that genetically modified products have on the health of the consumer and the environment