Stakeholder Relationships & Social Responsibility
Case 2
Case Study: Monsanto Attempts to Balance Stakeholder Interests (located at the end of Unit 2 READ
1: Identify the various stakeholder groups of the Monsanto Company. Using valid peer-reviewed sources on the Internet, update any dated facts in this case with more current information. How do these new facts affect current stakeholders?
One of the various stakeholder groups of the Monsanto Company is the farmers. J. Haugo explains how farmers are legally recreating seeds if they use the seeds from the prior year’s crop for the following year (2015). Thus, this concept is further explained by the Patent Act of 1952. it is explained how the courts decided that the new plants are considered new products that are not related to the company who holds the patent of the genetically modified seeds, otherwise known as Monsanto (Patent Act of 1952, 2013).
According to Ferrell, Fraedrich, and Ferrell, it is explained that there are both internal and external stakeholders affected by ethical issues (2105). The internal stakeholder which would be affected by this updated case would be the leaders of Monsanto Company as well as the company itself. The case of Bowman v Monsanto affects leaders by incurring their time and a financial cost. When examining any court …show more content…
It is explained in the Patent Act of 1952 reading that it is legal for the farmers to use the seeds from the prior year’s crops to grow the next year’s crops because the new seeds are deemed as a new product without association to Monsanto (2013). Therefore, the farmers are positively impacted by the case financially. The farmers are able to use seeds year over year with the same benefits that were created when Monsanto genetically modified the original seeds (Ferrell, Fraedrich, and Ferrell,
Case 2
Case Study: Monsanto Attempts to Balance Stakeholder Interests (located at the end of Unit 2 READ
1: Identify the various stakeholder groups of the Monsanto Company. Using valid peer-reviewed sources on the Internet, update any dated facts in this case with more current information. How do these new facts affect current stakeholders?
One of the various stakeholder groups of the Monsanto Company is the farmers. J. Haugo explains how farmers are legally recreating seeds if they use the seeds from the prior year’s crop for the following year (2015). Thus, this concept is further explained by the Patent Act of 1952. it is explained how the courts decided that the new plants are considered new products that are not related to the company who holds the patent of the genetically modified seeds, otherwise known as Monsanto (Patent Act of 1952, 2013).
According to Ferrell, Fraedrich, and Ferrell, it is explained that there are both internal and external stakeholders affected by ethical issues (2105). The internal stakeholder which would be affected by this updated case would be the leaders of Monsanto Company as well as the company itself. The case of Bowman v Monsanto affects leaders by incurring their time and a financial cost. When examining any court …show more content…
It is explained in the Patent Act of 1952 reading that it is legal for the farmers to use the seeds from the prior year’s crops to grow the next year’s crops because the new seeds are deemed as a new product without association to Monsanto (2013). Therefore, the farmers are positively impacted by the case financially. The farmers are able to use seeds year over year with the same benefits that were created when Monsanto genetically modified the original seeds (Ferrell, Fraedrich, and Ferrell,