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Monsanto Executive Summary

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Principle # 1 Interest of employees: The CEO of Monsanto should be considered the head coach. His primary focus is to spoil the customer through superior service, and to ensure the work environment created is a pro-teammate atmosphere. Including, exceeding the financial objectives of the organization, by being total honesty with his shareholders.
Principle #2 Economics; According to Thorne, a responsible business cannot sustainably prosper if not properly managed. Monsanto should apply a strategic planning process, to include a situational analysis. This should include looking at the organizational objectives, and strategies to implement a strategic plan. There are a few main steps for strategic planning. First you must analyze the company's condition, by forming a SWOT analysis. This is an evaluation of strengths, weaknesses, opportunities, and threats (Thorne, 2010, pg.450).
Principle # 3 Business behaviors: Goals and objectives should be important in the Monsanto family. Goals should be passed down from upper management, to lower management, and then to teammates. I personally believe upper management should live their passion. When you live and work doing something you love, it sets an example for others and gives them a different perspective. The goal and objective setting process regarding Monsanto set a clear procedure of where the …show more content…

Companies tend to repeat what is comfortable. The question is why is change so important? Well let’s look at an example of how Monsanto should apply change. The farming industry is a very competitive business; it comes with numerous challenges each day. For example, if a Politician changes laws restricting the use of pesticides this would intensely affect Monsanto’s bottom line. Furthermore, change is a key source of competitive survival. How do you manage change? For change to work, the need must be greater than the tolerance of the

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