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Business Ethics Case Study: Monsanto's CEO

769 Words4 Pages

1. If you were Monsanto’s CEO, how would you best balance the conflicting needs of the variety of stakeholder groups that Monsanto must successfully engage?

Monsanto has improved in terms of its corporate responsibility; however it does not maintain the most ethical culture possible. Monsanto is in a difficult position, as it produces products that many people do not understand or trust. The corporation also does much business in very poor countries where it is very easy for critics to accuse Monsanto of taking advantage of people who do not know any better. Monsanto’s low levels of charitable giving and history of ethical lapses do not help the company’s case that it is seeking to improve the lives of the people of the world. However, Monsanto …show more content…

As Monsanto is a multinational company whose products are consumed by the food industry, it has to strictly emphasize on its moral obligations concerning the society where their products are being sold. Such moral obligation includes providing best quality of seeds to the consumers and betterment of farmer’s life (Stern, 2011). For this purpose Monsanto ensures high yielding properties of their seeds and it would prevent against insects eating their precious crops. This would ease the farmers in keeping their crops safe and reduce their hassle to sprinkle pesticides for crop safety. On the contrary these genetically modified seeds reported in causing health related issues on consuming the food grown from them. This impact can be reduced by the company by putting more efforts and investment in development and research to improve and eliminate the side effects of their products without much damaging the environment (Monsanto, 2018). Furthermore, Monsanto can employ a team to regularly check whether the negative effects are still being possessed by their products and if it so then the authorities can be alarmed about this and suitable actions can be taken against this

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