The merger could very much have a negative impact on both farmers and consumers. In a fast establishing sector now governed by just a small portion of, Bayer AG’s $66 billion deal with U.S.-based Monsanto Co. has considerable implications for farmers and the industry. Both are main producers of agrochemicals, seeds and genetically modified crops. There are some apprehensions when pertaining to genetic engineering cuts down on natural biodiversity…
Monsanto is known as a pioneer leader in the genetically modified seed field. The GM field has seen a rapid increase over the past few years. Since Monsanto introduced the genetically modified seeds into the global market in the 1990s, there has been little need to prepare for the expiration of the patents related to the technologies (SCHONENBERG, 2014). Monsanto is obligated to various stakeholder groups. The stakeholders consist of employees, customers, investors, and communities. These…
Residents of West Anniston refused to accept continual denials from Monsanto as to the potential health effects of PCBs which incidentally are still stated on their website today: “the health effects of PCBs have been extensively studied. Published studies have shown no consistent excesses in cancer.” (Monsanto) This claim flies directly in the face of EPA findings which state that PCBs are probable human carcinogens and these conclusions are supported by 15 peer reviews by experts on PCBs.…
One of those companies is Monsanto, an agricultural biotech company, and a leading provider of genetically modified organisms (GMO) seeds, including corn, cotton, soy, fruits, and vegetables. Monsanto provides seeds to farmers worldwide that promises disease resistant crops with higher yields (Monsanto, 2015). The global impact of Monsanto was widely publicized on May 24th, 2015, when thousands of people across 400 cities worldwide…
An infamous agribusiness named Monsanto, which is best known for their agricultural biotechnology Genetically Modified (GMO) foods, works on grounds of dubiousness and dishonesty, but they were still able to earn the seal of approval by the Food and Drug Administration (FDA). Given the responsibility of testing, Monsanto continued to report the safety of its own GMO foods as being “well.” However, a Monsanto study done on rats that had eaten the GMO food source began growing tumors the size of a…
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…
The Monsanto Company continues to make an impressive pledge to employees, customers, and investors, as they embrace challenges and opportunities, to make improvements towards becoming a more sustainable company. In doing so, the company uses key principles to ensure that the lives of farmers, employees, customers, and communities are improved. Impressively and thoroughly, the Monsanto divides the company’s website into different categories that include the planet, company, and people.…
the unknown risk of GMO consumption. The lack of evidence in studies done or labelling is due to the lack of the regulation required by the government. One of the greatest known company that produces GMO is Monsanto. Monsanto may possibly be considered the father of the GM Industry. Monsanto is a…
groups against genetically modified organisms practices puts Monsanto in a compromising position with stakeholder groups. On of the core values of Monsanto is “dialogue” (Who We Are, n.d.). As Monsanto’s CEO, the best way to approach stakeholders is by engaging in conversation with stakeholders, discussing their issues with production, and testing out some of the suggestions pertaining to seed production. These actions show that the Monsanto brand stands by its responsibility to provide quality…
As in the case with any business, Monsanto Company must have a patent on the products it produces. Monsanto’s seeds that it produces are protected under patent law and the patent states “farmers using Monsanto seeds are not allowed to harvest seeds from the plants for use in upcoming seasons” (Ferrell & Hartline, 2014, p. 345). This means that farmers must purchase new Monsanto seeds each growing season. By doing so, Monsanto Company secures its profitability as well as maintaining control of…