Monsanto Essay

450 Words2 Pages

The Monsanto Company remains to be the world’s largest seed company who strives for excellence within the corporation and stakeholders alike (Ferrell, L., Ferrell, O. & Thorne, 2011). The Monsanto Company’s vision is to achieve high financial expectations; however economic performance must be on target (Mahoney, 1991). In addition, successful companies need to integrate strong social responsibilities such as, economic, legal, ethical, and philanthropic duties (Ferrell, L., Ferrell, O. & Thorne, 2011).
The Monsanto Company relies heavily on farmers due to the fact the farmers are essentially the heart of the company. The responsibility of the Monsanto Company is to research newer, faster, and cheaper means for farmers to harvest crops (Ferrell, L., Ferrell, O. & Thorne, 2011). Furthermore, the impact of the farmer’s profitability reflects the Monsanto Company’s economic status (Ferrell, L., Ferrell, O. & Thorne, 2011). Moreover, the Monsanto Company indicated GM crops have been a huge benefit for farmers due to increased crops and avoiding loss of yield (Ferrell, L., Ferrell, O. & Thorne, 2011). …show more content…

In previous years, the company primarily focused on chemical products. Ferrell, L., Ferrell, O. and Throne (2011) note one example, which was a product that contained toxic ingredients. The ramification’s resulted in lawsuits for years to come (Ferrell, L., Ferrell, O. & Thorne, 2011). Conversely, the Monsanto Company switched its attention to genetically modified foods, although, criticisms were directed toward the lack of appropriate regulations such as consistency in testing the products. Additionally, the Monsanto Company was bashed by environmental organizations, which weakened the company, as well as, the farmer’s profits (Monsanto,