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Business Ethics Monsanto Company in connection with ethical business

BUSINESS ETHICS 4

BusinessEthics: Monsanto Company in connection with ethical business theoriesanalysis

BusinessEthics: Monsanto Company in connection with ethical business theoriesanalysis

Monsantois a seed processing company that deals with genetically modifiedseeds. The company specializes in GMOs as the core of its business.Monsanto combines biotechnology with business and this has been itsbedrock as the company now has patents for its products. Monsanto’sbusiness model has been described as Egoistic because the companycovers all aspects of biotechnology and has taken up patents forbiotechnological products so as to keep its profitability high. Thecompany’s ethical and moral standards have been questionedespecially because some people are opposed to GMOs.

Biotechnologyis a new mode of producing foods that is based on modifying thegenetic makeup of the products. The increase in population andchanging weather patterns mean that the world cannot rely on naturalways of producing food because this would lead to shortages. The useof biotechnology to produce foods is handy in ensuring that the worldhas sufficient foods. According to the consequentialism theory, theresult of the process makes it right or wrong. The consequentialismtheory holds that the result of a process or action is thedeterminant of the correctness or wrongness of an action (Van Norden,2011). Going by this theory, the use of biotechnology by Monsanto toproduce seeds is, therefore, a justified action as the purpose is tofacilitate the production of foods for the world.

Theconsequentialism theory holds that the process of doing somethingought not to be a moral standard for judging the correctness orwrongness of an action. The consequences of the action are theultimate determinants of the moral standing of the action (Hooker,2000). According to Monsanto, the focus on GMOs is so as toincorporate technological advances in producing food for the world.In the end, the company produces healthy seeds that produceaffordable foods. The seeds can also withstand extreme weatherconditions and this means that the world remains food secure in theface of changing weather patterns. The use of biotechnology in theproduction of seeds by Monsanto can thus be said to be right based onthe consequentialism theory.

Accordingto the virtue ethics theory, any action must be guided by the moralvirtues of society. The theory emphasizes on the correctness ofanything, rather than the action. The moral judgment of an actionmust always guide an action, regardless of the outcome (Devettere,2002). Mostanto’s work can thus be said to be correct as the use ofbiotechnology is guided by scientific, ethical principles. Monsantouses ethical standards that guide science in the experimentation anddiscovery of new products. The company not only seeks to produce themost affordable seeds, but to also produce seeds that are healthy anddo not compromise on the quality of foods produced (Hursthouse,2001). The process of producing the seeds is also guided by ethicalprinciples of scientific practice.

In conclusion, Monsanto is a seed producing company that usesbiotechnology and whose actions have been questioned on moralgrounds. Some critics hold that it is morally wrong to alter thegenetic makeup of organisms on any grounds. However, according to theconsequentialism theory, the actions of Monsanto are justified as thegoal is to produce affordable seeds that can withstand extremeweather conditions and thus, play a role in food security. Accordingto the virtue ethics theory, Monsanto is still right as it usesscientific, moral standards to produce their seeds (Pojman &ampFieser, 2009). The company, however, uses the egoistic theory, whichis of the opinion that the morality of any activity is based onpersonal interests (Mees &amp Schmitt, 2008). The purpose of thecompany is to thus produce seeds that keep its profits high.

References

Devettere,R, J. (2002). Introductionto Virtue Ethics.Washington, D.C.: Georgetown University Press.

Hooker,B. (2000). IdealCode, Real World. Oxford:OxfordUniversity Press.

Hursthouse,R. (2001). OnVirtue Ethics.Oxford: Oxford University Press.

Mees,U., &amp Schmitt, A. (2008). Goals of action and emotional reasonsfor action. A modern version of the theory of ultimate psychologicalhedonism. Journalfor the Theory of Social Behaviour,38(2), 157–178.

Pojman,L, P. &amp Fieser, J. (2009). VirtueTheory. In Ethics:Discovering Right and Wrong.(6th ed.). Belmont, CA: Wadsworth.

VanNorden, B, W. (2011). Introductionto Classical Chinese Philosophy.New York: HackettPublishing.