In business companies have a duty to uphold their social responsibility. Monsanto too is no exception. There are four parts of being socially responsible. The four types of social responsibility are philanthropic, ethical, legal and economic. First Monsanto has showed a number of ways that they are philanthropic responsible. Upon learning of a food shortage in years to come Monsanto tried to think of ways to prevent a food shortage. “In 2008 the company expended 980 million for researching new farmer tools (Thorne, D.).” Among other things Monsanto has showed ways of looking out for society to improve the quality of life. Next, Monsanto has also showed ethical responsibility throughout their organization. When Monsanto was involved in …show more content…
“The Monsanto company is the world’s largest seed company, with sales of over 8.6 Billion (Thorne, D.).” With sales of 8.6 Billion this says the company is bringing in sales but is not very clear on what profits of the 8.6 Billion comes to. The fact that the company has been around since 1901 alone says that they are profitable. Most recently, “Monsanto announces plans for $ 400 Million expansion of Chesterfield Valley Research center, including 36 new greenhouses, additional offices and laboratory space as well as additional plant growth chambers to facilitate development of its seed and trait pipeline, and adding 675 jobs over the next three years (Monsanto, 2014).” Monsanto has been busy not only improving their business but also trying to improve society. Through research for better crops to provide better food and more jobs Monsanto has been holding up their end of social responsibility. Investor is stakeholders such as farmers who look to Monsanto to provide the best seeds to grow their crops.” According to Monsanto employees will be respected and will contribute to the bottom line and will help farmers feed the world.” Monsanto customers are farmers as well because they buy the seed to grow the crops which ultimately are sold in