Product Harm Crisis Management Linda Chingosho DDBA 8006 – Contemporary Challenges in Business Walden University Abstract A company affected by a product harm crisis runs the risk of inheriting a tainted reputation‚ massive financial loss‚ and the loss of consumer trust. It is imperative that every company implements contingency planning and risk mitigating strategies to minimize the damage incurred as a result of such an event. This paper seeks to analyse the different strategies that can be employed
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Monsanto Seeds Putting small farmers out of business‚ a history of paying lobbyists to block government regulations on genetically modified organisms‚ destroying the environment‚ lacking testing on their products; these are all characteristics of Monsanto’s company. Monsanto is a company that provides the largest producer of genetically engineered seeds (Neuman). Monsanto’s corporation is a danger to our health and environment. “Monsanto Company started off its chemical business in 1997
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Increasing number of animals and plants are dying out‚ but little has been done to prevent. This problem has given rise to great public concern now. In this essay‚ I’ll analyse some possible causes of this phenomenon and then propose some solutions. Firstly‚ some people think it is waste of resource to prevent animals and plants. They suggest that the money should be better spent on human population. They want take more space and totally ignore the animals’ and the plants’. Secondly‚ human being
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Case Study #1: Monsanto Mendoza Huerta Alma Fabiola City University of Seattle BC 306 Amy Thiele January 20‚ 2011 Case Study #1: Monsanto Attempts to Balance Stakeholder Interests 1. Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders? I think Monsanto does follow an ethical culture because even when they have passed through many troubles‚ and they have succeed. Also they have faced their problems and have take responsibility of their activities;
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Part 3 ---The Stakeholder-Analysis All stakeholders are in an exchange relationship with an organization. Each stakeholder group supplies the organization with important resources‚ and in exchange each expects its interests to be satisfied. The most important stakeholder groups are stockholders and customers. One can argue that‚ stockholder’s drove the company to expand to different parts of the world for more profits. The company also thought that the resulting profits would benefit shareholders
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Monsanto Harvest With Fear Company Background Monsanto positions itself as a relatively new agricultural company having formed in 2002‚ and focused on supporting local farmers around the world. They also promote themselves as a guardian of the environment with a mission “to produce more food while conserving more” (Monsanto.com). Today’s Monsanto conglomerate also promotes itself as the “New Merchants‚” a leading research company in the field of agriculture-crop production‚ as well as a
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in the natural world for thousands of years. A clone is simply one living thing made from another‚ leading to two organisms with the same set of genes. In that sense‚ identical twins are clones‚ because they have identical DNA. Sometimes‚ plants are self-pollinated‚ producing seeds and eventually more plants with the same genetic code. Some forests are made entirely of trees originating from one single plant; the original tree spread its roots‚ which later sprouted new trees. When earthworms
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Monsanto: Q1. Does Monsanto maintain an ethical culture than can effectively respond to various stakeholders? I believe Monsanto makes an effort to have an ethical culture and for the most part they succeed. The bribery issues in Indonesia‚ within their own company‚ in the late 1990’s/early 2000’s were reported to the Department of Justice by Monsanto. This level of corporate governance is something I think many large corporations would not do. The farmers‚ who are primary stakeholders because
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#1. Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders? Monsanto Company is trying to maintain an ethical culture with various stakeholders. The company used the concept of Social Responsibility and Business Ethics to create a reputation value to various stakeholders. For instance‚ Monsanto gave fifteen million dollars to Donald Danforth Plant Science Center to do crop research in Africa. Also‚ the fund helped Brazilian children to maintain good health
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Monsanto Company is a global supplier of agricultural products that had sales in excess of $6.3 billion in 2005 (c-548). It sold genetically modified (GM) canola seeds in Canada and GM soybean seeds in the United States. The company developed a patented process in Canada that “covered the gene and process for insertion…and cells derived from that process‚” and in the United States covered the entire plant. By using this patented process‚ seeds had an increased resistance to glyphosate (many generic
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