MONSANTO ATTEMPTS TO BALANCE STAKEHOLDER INTERESTS
Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders?
From the case study, it can be concluded that Monsanto is trying to implement and maintain and ethical cultures with various stakeholders. In order to do this, the company used the concept of Social Responsibility and Business Ethics to create a good reputation to its stakeholders worldwide.
For instance, Monsanto gave $400,000 grant to Africare, to fund a two-year food security project to study the availability of food and the access people have to food. In addition, Monsanto Company also supports youth programs, whereby the company donated nearly $1.5 million in scholarships to students wanting to pursue agriculture-related degrees.
However, apart from the ethical cultures that the company trying to adapt and implemented in the company regulations, Monsanto Company’s regulation had become financial burden to many farmers, in patent issue for instance. Farmers who buy seeds from Monsanto could not saved for future plant. This is due to unethical practice done by Monsanto, whereby farmers claim that the company forced them to buy new seeds after a year which puts an undue financial burden on them and give Monsanto too much power. Furthermore, investigators have used unethical practices to investigate suspected violation among farmers. Otherwise, Farmers will have to pay for Monsanto when they find out. According to farmers the investigators behave like “Gestapo” or “mafia” in doing this process.
Secondly, Monsanto produced products that involved in the risk of both animals and human health. Some of Monsanto’s actions should considered moral temptation. It is not sensitive to safety of GM food and bad effects of genetics modification. This is clearly stated that great concerns to many stakeholders are the moral and safety implications of GM food. Stakeholders afraid that