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Discuss the ethical issues in the Monsanto case - Essay Example

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Monsanto, the world’s largest agricultural biotechnology and Agrochemical Corporation, has found itself in a number of challenging situations as it strives to balance its stakeholder interests. On one hand, the company strives to maximize profitability for its stakeholders…
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Discuss the ethical issues in the Monsanto case
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Download file to see previous pages Most cases, the company owned up its failures and strived to clean up in its attempt to safeguard its stakeholder interests. In its attempt to balance the stakeholder interests, Monsanto has often disregarded a number of ethical issues mostly in health, environmental and moral issues as the discussion below portrays.
The company has a poor reputation owing to the number of scandals arising from the unethical techniques it employs in its operations. The debate around the suitability of genetically modified foods continues to jeopardize the activities of the company and its profitability given the fact that the company prides itself in the sale of such products. Genetically modified foods present a number of advantages to the society. Genetically modified substances mature faster and are resistant to both drought and pests. As such, genetic modification of foods is among the surest ways of enhancing the global food security (Gillam, 2009). Such arguments continue to enhance the profitability of the company since the company presents the answer to some of the world’s greatest concern. Food insecurity in Africa is of a major concern. Through consistent research on genetic modification of agricultural products, the company promises to develop plant and animal species that can help improve food security in the continent.
While such beliefs continue to improve investor confidence on the company, Monsanto must continue employing ethical practices in order to safeguard the safety of the substances it develops. The company must address all the major concerns and doubts that people have on the safety and suitability of the genetically modified foods (Fraedrich, Ferrell & Ferrell, 2012). Another equally important ethical concern is environmental degradation. Global warming is a real threat to the safety of the earth. As such, the company must enhance the safety of its operations with the view to protecting the environment from such of the pollutant its produces. In ...Download file to see next pagesRead More
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