Business Ethics, Social Responsibility, and Monsanto
Accounting for over a majority of genetically modified food products according to the video produced in 2013 called “Seeds of Death: Unveiling the Lies of GMO's”, Monsanto; a major business war horse, has been under scrutiny lately due to publicized unethical business practices deemed unbecoming by stakeholders and research institutes alike. Monsanto focused on distributing insecticide resistant crops to farmers in an effort to reduce the costs of pesticides and additionally, their crops yielded more product per plant than an un-genetically modified crop which provided an incentive for farmers to invest in their product for an economical gain per capita; perceived by farmers as a financial …show more content…
This essay will address Monsanto’s unethical practices of dishonesty; as well as, unfairness reflected by their poorly constructed socioeconomic model of social responsibility with the addition of recommendations on how Monsanto could become more ethical relating to the above stated issues in hopes to …show more content…
Therefore, a possible recommendation that Monsanto can implement is to attribute more funds to scientific testing to determine the potential hazards of their product to ensure trust from consumers and the continued purchase of seeds from farmers rather than suing farmers from copyright infringement (Seeds of Death) and to restore rapport to neighboring countries who view Monsanto’s deceitful business tactics by refusing to label their foods as a product of genetically modified organisms (GMO). To implement this type of plan, a top executive should be anointed to oversee potential unethical behaviors and during specific intervals, a social audit (“a comprehensive report of what an organization has done and is doing with regard to social issues that affect it”, (Pride, Hughes, Kapoor, 62)) performed that provides information needing evaluation, then revised to ensure its program is socially
Accounting for over a majority of genetically modified food products according to the video produced in 2013 called “Seeds of Death: Unveiling the Lies of GMO's”, Monsanto; a major business war horse, has been under scrutiny lately due to publicized unethical business practices deemed unbecoming by stakeholders and research institutes alike. Monsanto focused on distributing insecticide resistant crops to farmers in an effort to reduce the costs of pesticides and additionally, their crops yielded more product per plant than an un-genetically modified crop which provided an incentive for farmers to invest in their product for an economical gain per capita; perceived by farmers as a financial …show more content…
This essay will address Monsanto’s unethical practices of dishonesty; as well as, unfairness reflected by their poorly constructed socioeconomic model of social responsibility with the addition of recommendations on how Monsanto could become more ethical relating to the above stated issues in hopes to …show more content…
Therefore, a possible recommendation that Monsanto can implement is to attribute more funds to scientific testing to determine the potential hazards of their product to ensure trust from consumers and the continued purchase of seeds from farmers rather than suing farmers from copyright infringement (Seeds of Death) and to restore rapport to neighboring countries who view Monsanto’s deceitful business tactics by refusing to label their foods as a product of genetically modified organisms (GMO). To implement this type of plan, a top executive should be anointed to oversee potential unethical behaviors and during specific intervals, a social audit (“a comprehensive report of what an organization has done and is doing with regard to social issues that affect it”, (Pride, Hughes, Kapoor, 62)) performed that provides information needing evaluation, then revised to ensure its program is socially