Monsanto Corporate Social Responsibility free essay sample

Monsanto Sustainable Responsible Business: A study of the performances of Monsanto In todayaâ‚ ¬Ã¢â€ž ¢s modern business world, commerce implements operation, drive and manner notions with endorsement and adoption of corporate social responsibility as a matter of course (David Henderson 2004). The stakeholder groups, for instance, governments, communities, suppliers, employees, customers and stockholders persistently claim administrators to dedicate capitals to corporate social responsibility (McWilliams and Siegel 2001, 117). Despite the fact, strategic corporate social responsibility is far more selective on being a standing corporation rate citizen and also addressing the social issues that the corporate creates (Micheal E. Porter and Mark R. Kramer 2006). Monsanto, along with its subsidiaries, is a company runs business in two sections which are Seeds and Genomics, and Agricultural Productivity to offer famers agricultural products in United States and internationally (Monsanto Co. 2011). Undoubtedly, corporate social responsibility is a must for such corporate organization. This paper targets to examine the social performances of the company in particular of its genetic engineering. We will write a custom essay sample on Monsanto: Corporate Social Responsibility or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It also seeks to give an idea about the balanced argument into advantage and disadvantages which the genetically modified foods has on the new era stakeholders. Failings of Monsantoaâ‚ ¬Ã¢â€ž ¢s Genetic Engineering Genetic engineering is an artificial breeding technique by modifying the genetic codes of organisms (Patrick Dixon 2011). Part of the society is proud of this advanced technology; however, as regards to its negative impacts, it gives rise to numerous scandals. Farid E. Ahmed (2002, 215) also alleged that, consumer distrust occasioning from former foods and environmental anxieties, apparent monitoring omission and uncertainty in government administrations, all influences which driven arguments about the environmental and public health safety issues, e. g. latent gene flow to other organisms, the devastation of farming multiplicity, allergenicity, antibiotic conflict and gastrointestinal harms, these few ins and outs have caused the genetic engineered foods yet to be fully accepted by all Gods creatures. Monsanto is one of the companies who use such highly developed system in their products. It supplies most of the genetic engineered seeds on this earth (Roundup Ready Crops 2011). The major weakness of this procedure on foods is the damaging effects that it brings to human body (Genetically Modified Food Pros and Cons 2011). The American Academy of Environmental Medicine has gone through analyses about genetically modified foods and the results show that it causes infertility, immune problems, accelerated aging, and changes in the cellular structure of main organs (Kaitlyn Moore 2001). More to the point, the antibiotic resistant genes integrated in genetically altered foods is the greatly suspected reason behind the new virus which causes the animal concerned in the studies ended up malformed, sterile, and deceased (Kaitlyn Moore 2001). Donald L. BarlettA  andA  James B. Steele (2008) spelled out that the food chain in United States is already conquered by Monsantoaâ‚ ¬Ã¢â€ž ¢s genetic engineered seeds. In such circumstance, Monsanto has put the health of United States society in a danger position. Authentically, not only the Americans are standing on the hazard spot, but all the people around the world who suffer from it. What is more, Monsanto and its subsidiaries, AsgrowA ®A  andA  DeKalbA ® own 400 extra separate plant technology patents at present in accordance with U. S. Department of Agricultureaâ‚ ¬Ã¢â€ž ¢s Economic Research Service (E. Freeman 2008). As mentioned earlier, the food chain in America has been dominated by Monsanto Company with its genetic modified seeds. Chirstopher Leonard (2009) also held that 80 percent of all corn and 98 percent of all soybeans grown in United States are being placing in Monsantoaâ‚ ¬Ã¢â€ž ¢s patented genes. Moreover, with the said by James Beuerlein, a soy bean specialist at Ohio State University, compare to the organic soybean seeds which cost 30 to 35 dollars an acre, Monsantoaâ‚ ¬Ã¢â€ž ¢s genetic engineered seeds can cost as much as 75 dollars (Andrew Pollack 2009). Without a doubt, with this monopoly competition, Monsanto can increase charge devoid of dread and this will make possible the familiesaâ‚ ¬Ã¢â€ž ¢ diet expense goes high (Monsanto 2011). The seed monopoly not only carries out awful upshot to people but also the farmers. Monsanto is treating the farmers in United States with the use of legal actions cruelly (Monsanto 2011). One of the case was the Nelson Farm endured litigate by Monsanto as planted the genetic engineered seeds from last season which violated the companyaâ‚ ¬Ã¢â€ž ¢s patent (Robert Schubert 2001). Next to that, the wind will hold Monsantoaâ‚ ¬Ã¢â€ž ¢s patented seeds to the neighbouring farms. Those farms that do not use Monsantoaâ‚ ¬Ã¢â€ž ¢s seeds but have been discovered to have genetically altered crops will be undergoing a lawsuit with Monsanto (Monsanto 2011). Of course without the companyaâ‚ ¬Ã¢â€ž ¢s copyright, the farmers will not have to be vexed on the high cost of farming. Fortes of Monsantoaâ‚ ¬Ã¢â€ž ¢s Genetic Engineering The genetic engineering has brought humiliations to the corporation and terrible affects to the stakeholders; on the other hand, there are actually some benefits the sophisticated technology conveyed to the stakeholders by the company. The core advantage can be the speed of crops production. Along with some investigators, with genetic engineering technology, the necessary growth time of new commercial varieties of agricultural yields has been tremendously lessen the natural 10 to 15 years breeding cycles to only 2 to 3 years (Paoletti and Pimentel 2009, 665). Additionally, the Chief Executive Officer of Monsanto, Hugh Grant, believes that the worldaâ‚ ¬Ã¢â€ž ¢s population will be dramatically increased as time goes on (M. Sutherland 2010). He also stated that Monsanto has been working hardly to yield more harvests by using lesser resources (M. Sutherland 2010). Furthermore, the expansion on arable land, water, energy, and biological resources to afford a sufficient delivery of foods for human can be hardly to keep pace of the population growth over a long term (Pimentel et al. 1996). Indeed, genetically altered foods will reduce the timeliness of food production. African America Environmentalist Association also thinks that the threats brought by genetic engineered foods are much better than starvation to most of the people (Genetically Modified Food 2011). Certainly, Monsanto helps the people to fight world hunger. As pointed out in advance that farmers have been stranded by Monsantoaâ‚ ¬Ã¢â€ž ¢s genetic engineering; nevertheless, the farmers gain positive impacts too. The farmersaâ‚ ¬Ã¢â€ž ¢ harvest production enhanced by the contemporary technology is one of the good illustrations. Alternatively, Monsanto has implemented a project called SHARE on February 20, 2009 with the partnership with a special interest group, Indian Society of Agribusiness Professionals (ISAP), to assist in the life enhancement of farmers in India (Project SHARE to Help Improve Farmersaâ‚ ¬Ã¢â€ž ¢ Lives in India 2009). aâ‚ ¬? Our partnership with Monsanto on Project SHARE will develop a sustainable model that provides small and marginal farmers access to technology, better inputs, agronomic practices, and market linkages to improve farm productivity, thereby making farming a viable proposition,aâ‚ ¬? said by Chief Executive Officer of ISAP, Rajeev Dar (Project SHARE to Help Improve Farmersaâ‚ ¬Ã¢â€ž ¢ Lives in India 2009). It is a good prospect for Monsanto to develop its genetic engineering while giving support to the farmers. Last but not least, Divyahans Gupta said that genetically altered foods can resolve food shortage issue and also diminish the malnutrition in nations ( Divyahans Gupta 2011). The people in third world countries are regularly depend on only rice as their diet (Deborah B. Whitman 2000). This has leaded them to health problems caused by nutrient deficiencies because rice does not contain ample amounts of essential nutrients (Deborah B. Whitman 2000). With genetic engineering, malnourishment can be alleviated by combining the genes of plants (Gregory Hamel 2011). To help stopping the malnutrition crisis, Monsanto has acted in bona fide by giving away the patents of genetically modified rice grain (GM Rice Patents Given Away 2000). Besides that, the company is also providing rice genome sequence database to researchers around the world and royalty-free licenses of its technologies that can lend a hand for advance improvement of aâ‚ ¬? golden rice and other pro-vitamin A-enhanced rice varieties (GM Rice Patents Given Away 2000). For this reason, the communities in third world countries and many others will get benefits from the courtesy of Monsanto beyond doubt. Conclusion Altogether, Monsanto Company uses genetic engineering on foods has raised bad impacts and also implications on the human bodyaâ‚ ¬Ã¢â€ž ¢s health, societyaâ‚ ¬Ã¢â€ž ¢s dinner expense and farmersaâ‚ ¬Ã¢â€ž ¢ agribusiness. It is believable that these are not the only bad effects but many others more which affect the stakeholders. To response the social desires, Monsanto has coped its stakeholder management by giving consciousness to society that genetically engineering helps to resolve food scarcity, applying Project SHARE to benefit farmers, and open-handing on the patents of genetically altered rice. To these, it can help the company to recover the integrity value. It may be said that societyaâ‚ ¬Ã¢â€ž ¢s expectations depend on Monsantoaâ‚ ¬Ã¢â€ž ¢s social performance will keep increasing due to the affluence, education and awareness of communities. There is always a social problem as humanaâ‚ ¬Ã¢â€ž ¢s entitlement mentality is high. So, corporation will have to keep in mind of victimization philosophy by doing right movements to fulfill social needs in order to get business lives long and gain competitive advantages. Hence, Monsanto is bound by a social contract as you would expect. Reference List Ahmed, Farid E. 2002. aâ‚ ¬? Detection of Genetically Modified Organisms in Foods. aâ‚ ¬? Journal of TRENDS in Biotechnology 20 (5): 215-223. http://eprints. icrisat. ac. in/109/1/TrendsInBiot__20_5_215-223__2002. pdf Barlett, Donald L. ,A  andA  James B. Steele. 2008. Vanity Fair: CondA © Nast Digital. Monsantoaâ‚ ¬Ã¢â€ž ¢s Harvest of Fear. Accessed August 13, http://www. vanityfair. com/politics/features/2008/05/monsanto200805 Delano, Maggie. 2009. MIT: Massachusetts Institute of Technology. Roundup Ready Crops: Cash crop or third world savior?. Accessed August 13, http://web. mit. edu/demoscience/Monsanto/players. html Dixon, Patrick. 2011. Global Change: Global Change Ltd. Genetic Engineering: What Is Genetic Engineering?. Accessed August 13, http://www. globalchange. com/geneticengin. htm Freeman, E. 2008. Monsanto: Monsanto Company. Why Does Monsanto Patent Seeds? Part 1. Accessed August 13, http://www. monsanto. om/newsviews/Pages/Why-Does-Monsanto-Patent-Seeds. aspx Genetically Modified Food. 2011. African America Environmentalist Association. http://www. aaenvironment. com/GM. htm Genetically Modified Foods Pros and Cons. 2011. Iloveindia. http://lifestyle. iloveindia. com/lounge/genetically-modified-foods-pros-and-cons-6346. html GM Rice Patents Given Away. 2000. BBC: T he BBC. http://news. bbc. co. uk/2/hi/science/nature/865946. stm Gupta, Divyahans. 2011. Triple Helix Online: Zain Pasha. Accessed August 14, http://triplehelixblog. com/2011/01/food-frenzy-growing-concerns-over-genetically-modified-foods/ Hamel, Gregory. 011. eHow: Demand Media, Inc. Advantages Benefits of a GMO. Accessed August 14, http://www. ehow. com/list_6019041_advantages-benefits-gmo. html Henderson, David. 2004. Competitive Enterprise Institute. The Role of Business in the Modern World: Progress, Pressures and Prospects for the Market Economy. Accessed August 13, http://cei. org/studies-books/role-business-modern-world-progress-pressures-and-prospects-market-economy A  Leonard, Christopher. 2009. News Observer: The News Observer Publishing Company. Monsanto Dominates Seed Market. Accessed August 13, http://www. newsobserver. om/2009/12/14/239947/monsanto-dominates-seed-harket. html McWilliams, Abagail and Donald Siegel. 2001. aâ‚ ¬? Corporate Social Responsibility: A Theory of the Firm Perspective. aâ‚ ¬? Journal of Academy of Management Review 26 (1): 117-127. http://www. jstor. org/pss/259398 Monsanto Co. (MON): Business Summary. 2011. Yahoo! Finance: Yahoo! News Network. http://finance. yahoo. com/q/pr? s=mon Monsanto: The Seed Monopoly That Caused Genetically Modified Food To Start Showing Up On Nearly Every Dinner Table In The United States Suri. 2011. WordPressA   theA  Atahualpa. Accessed August 14, http://disasterandemergencysurvival. om/archives/monsanto-the-seed-monopoly-that-caused-genetically-modified-food-to-start-showing-up-on-nearly-every-dinner-table-in-the-united-states Moore, Kaitlyn. 2001. Natural New: Natural News Network. GM Soy Destroying Children. Accessed August 13, http://www. naturalnews. com/032370_GM_soy_children. html Paoletti, Maurizio G. , and David Pimentel. 2009. aâ‚ ¬? Genetic Engineering in Agriculture and the Enviroment. aâ‚ ¬? Journal of BioScience 46 (9): 665-673. http://www. bio. unipd. it/agr oecology/download/pdf/papers/1996/Gen%20Eng%20BIOSCIENCE. pdf Pimentel, David, Xuewen Huang, Ana Cordova, and Marcia Pimentel.