Mosanto Case
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Monsanto Company tries to implement and maintain an ethical culture with various stakeholders despite of ethical errors made in the past. They used the concept of business ethics and social responsibility to create reputation value to stakeholders. One of these is their charitable fund that seeks to reduce diseases in Brazilian children through educating them in good health and basic hygiene. Another, the fund to the amount of $15 million helps to support crop research in Africa. The company also supports youth programs such that they give scholarship to those students who want to pursue agriculture-related degrees. However, Monsanto Companys regulation had become financial burden to many farmers. Farmers who buy seeds from Monsanto could not save for future growth. The company produced products that may harm the health of animals and plants. Although they claimed that everything created with environmental impact like Roundup Ready has been studied by the EPA and approved, stakeholders still doubt about it.
As the GM seeds introduced to the United States and across the globe since 1990, many farmers stopped complaining failure of crops. Benefits of growing GMO seeds for crops able to implant genes that make the plant themselves kill the bugs; seed contain Roundup Ready kills weeds but spares crops and farmers who purchase GM seeds can now grow more crops on less land with less land with less left to chance. In other words, this had helped farmers spent little expenses, but gain as triple profits. Farmers who use GM seeds applauded the existence of Monsanto Company, because with the same acre of land, they are able to double the crops. Thus, as far as the farmers are making profits, they will continue buying the GM Seeds. For this reason, there is a major concerned for consumer that the GM seeds could affect human and animals health for using it. However, the FDA clarified that “biotech crops are safe to use”, but critics doubt about the short-term period of GM seeds which unable to determine the long-term effects.