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Monsanto is a US-based company that produces many seed brands for non food crops like corn and cotton, along with food crops like vegetables such as potatoes. The company specializes in the manufacture of genetically engineered (GE) seed as well as other agriculture support products such as herbicide glyphosate product, etc.
According to its official website, it is an agriculture company, using ‘modern biology’ to assist farmers all over the world in yielding more produce (‘Who We Are’ 2010). It provides these farmers with seeds that have undergone high level of experimentation and research to show their enhanced effects on output. The company is headquartered in Creve Coeur, Missouri.
There has been much speculation surrounding the ‘Terminator’ technology that the company had been working on and developing for some time. The terminator technology allows the development and growth of plants that are genetically modified in such a way so as to produce ‘sterile’ seeds at harvest. Also known as the Genetic Use Restriction Technology, this technology was developed with the cooperation of the government of the United States on a non-commercialized, field test basis. The purpose of this technology is to induce farmers to purchase new seeds from the company every season, rather than using any other source. A sterile seed would ensure this. As expected, this technology attracted huge outcry.
In 1999, the company announced that it would stop working on this technology for commercial use; recently, though, the company reverted back its position and came on record saying it would use this technology for non-food crops such as grass, cotton and tobacco. More alarming is the fact that the company has not ruled out the possibility of entering the food crop as well. Protests from all over have prompted some
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This Company was stated in Atlanta, where their corporate headquarters are located; in fact, they have grown, thereby venturing into international markets and operating in more than two hundred countries in the around the world. Ethics Published company code of ethics The company’s code of ethics entails two sections, whereby the first section offers a description of values that the Coca-Cola Company focuses safeguarding in every region it operates.
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Corporate Responsibility is a term used to explain what some see as a company's compulsion to be responsive to the requirements of all of its stakeholders or even to culture intact in its trade operations.
The motivations of companies to deal with corporate responsibility and sustainability diverges extensively from influential approaches by responsible practices as a way of maximizing profits to inherent approaches entrusting the company to keeping its principles and values irrespective of the impact on financial performance.
Competitive business environment has exerted pressure on firms to examine their social responsibility activities. Corporate social responsibility (CSR) has been defined as a concept whereby companies integrate social and environmental concern into their business operations and interactions with their stakeholders on a voluntary basis (Perrini, 2007).
It is difficult to measure Corporate Social Responsibility (CSR) on the basis of profits or loss of a company. The nature of CSR is internal or external to a company. That is, the company may choose to internalize CSR by integrating CSR standards to its daily routine such as the one followed by us at Nestle (Nestle, 2010).
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Moral standards are
and Lee (2004) defined CSR as the “commitment to improve community well-being through discretionary business practices and contributions of the corporate resources” (Kotler &Lee, 2004, p.3). Crane et al (2009) has mentioned that CSR has appeared in the history along with the
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Economically, globalization has intensified and stretched interrelationships between countries across the world. This has led to emergence of new trade blocks, international trade and finance, and economic institutions (Steger 2013). In the Tanzania case study,
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