Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Environmental risk of genetically modified organism
Monsanto's stakeholders' interests and objectives
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Environmental risk of genetically modified organism
Monsanto has several stakeholders that have a direct impact on the way Monsanto does business. Some of the stakeholders have direct access within the company and other stakeholders are outside parties that influence the decisions that Monsanto makes. While all play roles in the checks and balances of very controversial company that faces many unknowns. It is widely publicized that Monsanto operates in a very controversial space as many larger corporations are going away from genetically modified foods and a debate over labeling exists (Lee, 2014). In addition Monsanto is attempting to improve its influence and gain new markets and stakeholders. The conversion is evident with the forty six billion dollar to acquire Syngenta a Swiss based
Monsanto which is located in 6 continents and 68 countries is the biggest seed company of the 21st century. Monsanto was founded in 1901, St. Louis, Missouri, United States by John Francis Queeny. Likewise, Monsanto Headquarters are currently located in St. Louis, Missouri where founded. Monsanto had about 20,600 workers in 2011. Hugh Grant, the current CEO of Monsanto, has been in this position since 2010. He has a salary of about f $1,391,356 per year excluding his additional profits.
Monsanto employs over 20,000 employees dispersed throughout their facilities within 69 countries. John F. Queeny, founder of Monsanto, started the company in 1901, which at first manufactured saccharine. Later, John son Edward directed the companies into the agriculture industry. The company is best known producing Round up, an herbicide, and for developing genetically modified (GM) through biotechnology. “Monsanto developed G.M. seeds that would resist its own herbicide, Roundup, offering farmers a convenient way to spray fields with weed killer without affecting crops” (Barlett, D. L. & Steele, J. B, 2008). Since the start up the company has encounter several lawsuits, patent issues and critics. The company also faces many concerns about the
Monsanto is the world 's leader on bio-technology and was found in St. Louis Missouri. Monsanto was not known as an agriculture company at first as it is now rather a chemical company of the 20th century. They are also responsible for growing 90 percent of the world 's GMO’s. On Monsanto’s website it states their goal is to help farmers around the world to produce healthier foods, conserving more, and better animal feeds while reducing impact on our environment. Monsanto 's GMO has been effecting our environment for years but have not yet brought to justice according to this video. The question is why? According to this documentary Monsanto created many hazardous chemicals for example PCBs, Agent Orange and recombinant
Monsanto is a Saint Louis Chemical manufacturer that is a major player in the weed killing business. Monsanto has quite a portentous past. They developed and produced the notorious defoliant "Agent Orange" used in the Vietnam War, they invented the controversial recombinant Bovine Growth Hormone (rBGH), and they were the inventors and world’s main producer of polychlorinated biphenols (PCB’s) which are now banned but still linger in our soil and water (Arax, 1997).
From a pipe dream of the son of two immigrants comes one of the largest chemical engineering companies of our time. John Francis Queeny was born in Chicago in August of 1859. It is hard to believe that a man with only six years of public school education created such a vast empire. In 1871 the Queeny family was devastated by the Great Chicago Fire, the buildings that his father owned and rented out were, of course, totally destroyed, thus ending the rather comfortable life of the Queeny family. John was forced to drop out of school and find a job. After little avail he finally found employ at the drug Firm of Tolman and King for 2.50 a week. (Forrestal 12).
Introduction Monsanto Company is a large multinational agricultural conglomerate that supplies genetically engineered products to the market. The enormity of its financial muscle makes it a strong market force. The company has been engaged in unscrupulous activities while receiving protection from the government and other government agencies in its undertakings. This analysis utilizes a heuristic approach to dissect the Monsanto’s relationship and performance in the market amidst ethical, social and legal odds. Monsanto company and government ties Challenges facing the Monsanto Company have been many.
« Monsanto is an agricultural company. We apply innovation and technology to help farmers around the world produce more while conserving more. We help farmers grow yield sustainably so they can be successful, produce healthier foods, better animal feeds and more fibre, while also reducing agriculture's impact on our environment. » This is the slogan of Monsanto, a company founded in 1901 that nowadays has got the leadership of the GM agricultural sector.
Monsanto is a multinational agricultural and agrochemical biotechnology corporation based in America and is the largest producer of genetically engineered seeds. Monsanto argues that using science and newfound research to create genetically modified food is necessary in order to save our world from starvation. Eduardo Blumwald, a professor of cell biology and employee for Monsanto, says that genetically modified food could be “the only viable solution we have for our future” (Ostrander 24) where it is predicted that the temperature and population will soar. Blumwald argues that without genetically engineering food to produce under high temperatures with little water, the world could potentially starve in this predicted future. Yet regardless of “biotech industry promises, none of the GMO traits currently on the market offer increased yield, drought tolerance, enhanced nutrition, or any other consumer benefit” (“GMO Facts”). Instead, Monsanto genetically modifies food to resist RoundUp, a pesticide the company has created to kill any plants or bugs other than the genetically engineered crop. According to the World Health Organization, this pesticide “is a probable human carcinogen” (“GMOs”) due to glyphosate, a
I know, I know. What kind of company would even think to use unethical and borderline illegal methods to rise in power and wealth? Unheard of, I say! Yet, The World Trade Organisation’s Trade Related Intellectual Property Rights Agreement in a number of articles (27.2 and onwards) openly expresses the right to terminate or deny the placement of a patent if the invention is to protect human life and health, because their exploitation is prohibited by law. Furthermore, the patent is excluded if it involves the modification of a biological process, or alters the life and processes of plants used as crops. Considering that a seed is not an invention, and Monsanto did not invent a seed: they merely modified and “improved” it for our benefit, their attempts to sue and bankrupt farmers should only be, at most, semi-legitimate. But, they have money and political influence, and what do farmers have? Crippling contracts and a life sentenced to slavery for Monsanto on minimum wage. However, as earlier stated, Monsanto is looking out for our health and well-being. Their product, the soybean, is one of the few legumes that contain all essential amino acids for the healthy function of human beings. Because they are so essential to human health, a claim to patent the crop should
In 2014 they boasted annual revenues of 15.8 billion dollars. Monsanto has plans for continued financial growth. By creating Monsanto Growth Ventures, Monsanto provides capital for promising companies to grow. Monsanto is one of the leading providers of seed in third world country markets. Monsanto has gained a strong foothold in the global market by becoming one of the top ten distributors. Monsanto continues to improve its potential in profitability by investing in technological advances to aid farmers in improving their production. In addition to technology improvement, Monsanto continues to invest in product development. The company strives to create seed to withstand harsh environments. A big piece of Monsanto’s success is due to their ethical treatment of their employees. Monsanto take pride in providing a workplace where leaders are given the ability to grow and contribute to the company’s progress. Employee production increases and turnover decreases when workers are given intrinsic and extrinsic rewards. It would be highly beneficial for Monsanto to use their financial capabilities to acquire competitors in trending
For this research paper I will be looking at Monsanto through the John Rawls theory and functional paradigm. Monsanto is the most recognized corporation in the farming industry. They are famous today for Genetically Modified Organisms (GMO’s) which are changing our perception on how we buy and eat our food. Many countries in the world have been highly against GMOs and Monsanto, banning them from selling their products. However, United States and North America is pro GMOs. The United States might have misperception of Monsanto, as if letting them pretend to share the pie equally.
Upon reviewing the history of Monsanto, one can see the transition of the corporate’s products from the artificial sweetener saccharine to one the most known herbicide, Roundup. Along the way, the company was involved in the production of other chemicals that destroyed the organization’s reputation and threatened in existence (Ferrell, Fraedrich & Ferrell, 2013, pp.382-395). Eventually, in order to survive turbulent times, the company made a strategic move to develop a seed that was resistant to its own product. Interestingly enough, the genetically modified seed contains Roundup. With this in mind, Monsanto continues to utilize substantial resources to convince its stakeholders that GMO(s) are safe and its organizational practices are ethical. In efforts to deal with the lists of complaints that plagued Monsanto such as:
Barlett and Steele’s “Monsanto’s Harvest of Fear” interpretation of Monsanto Company’s affect on the agricultural industry, its communities, and on consumers in the course of its aggressive expansion is both aggressive and unfair. Through the use of narratives and evidence, they reiterate and reinforce aliases composed by affected communities
Consequently, Monsanto must have strategic planning for the overall sustainability of the business. Furthermore, its strategic planning should include customer service, essentially, without customers there is no business. Furthermore, Monsanto is seen a bully who throws its weight around, surprising farmers on their lands and demanding an examination of their crops. For example, Bennett & Kaskey (2014) says that, “the company has sued farmers, a practice that accounts for much of its reputation as a corporate bully. Monsanto says these suits are rare-250,000 American farmers buy its seeds every year, and since 1997 it has sued 145” (p.5).
Although Monsanto Company took some social implications like charitable programs, it failed to uphold ethical culture many times over the years. Some of unethical practices the company had done so far were bribery, anticompetitive activities and harassing behavior towards infringer of patent. Notably, during the Vietnam War, Monsanto had been strongly criticized by producing toxic chemical named Agent Orange which had detrimental effects on not only human-beings but also the environment. Nowadays, genetically modified (GM) seeds produced by Monsanto remain controversial. Because of GM seeds’ unknown influences, it is