Sustainable Responsible Business:
A study of the performances of Monsanto
In todayâ€™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. 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 Monsantoâ€™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 God's 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. BarlettÂ andÂ James B. Steele (2008) spelled out that the food chain in United States is already conquered by Monsantoâ€™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, AsgrowÂ®Â andÂ DeKalbÂ® own 400 extra separate plant technology patents at present in accordance with U.S. Department of Agricultureâ€™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 Monsantoâ€™s patented genes. Moreover,...
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