The paper "Corporate Social Responsibility of Monsanto Company" is a good example of a business case study. Corporate Social Responsibility is a set of voluntary policies and even guidelines which are moved by the corporate. In other words, it is how the company manages the economic, social and environmental impacts of whatever it does. This concept implies that a company is obliged to going about with its businesses’ provided it sticks to the set rules and regulations which states that it must be open and in free and fair competition without any deception or fraudulent activity (Van Marrewijk, 2003).
It is worth noting that corporations and corporate activities have a tremendous impact on the natural environment considering the fact that they use primary resources for the manufacture of whatever product they manufacture, they use energy and water and in the long run, there are wastes and emissions that come after all these processes. Due to the ongoing climate change, the impact caused by these corporations has moved a notch higher. This calls for care and regulations to be laid down so that there can be well-defined measures related to environmental protection and that there can be sustainable development.
Under the environmental protection law, companies are subject to disclosing an annual report detailing pollutant emissions. And then the information collected is then made available to the public by the relevant department in each State or Territory. According to Windsor (2001), those corporations that are committed to ethical behaviour towards compliance with the corporate code of conduct tend to perform higher financially than the firms that do not comply. Through research corporate social responsibility tends to reduce financial risks and therefore any organization benefit financially from socially responsible activities (Orlitzky, 2005).
A company has a capacity of influencing the attitudes and perceptions of the stakeholders, building a strong trust and enhancing positive relationship which will result in a business advantage. In this article, I am considering Monsanto Company. This company was started in 1928 with the main aim of the business being chemicals but later expanded to agricultural products in the 1950s. Its original name was Pharmacia which later formed an agricultural sister company which they named Monsanto Company (Dominic Glover, 2007). The new company was flagged to business in the year 2000 and started running as an independent company in 2002 up to date it manages its business as a corporate entity.
Being an agricultural-related company; it has come up with products which are favorable to the environment and to the consumers who are farmers (Dominic Glover, 2007). For instance, there is a product called roundup which is a herbicide which was produced in the 1970s which has helped farmers to develop conservation tillage techniques which help curb soil erosion.
Monsanto’ s Roundup-ready cotton gives a chance to farmers to control weed without affecting the crop and also allows up to date water and nutrition management and drastically reduce the use of herbicides which are harmful to the soil (Van de Velde et al, 2005). Today, this herbicide is a household brand and also a world-renowned product for weed control. Currently, the company handles the cotton industry through research, breeding and production of cotton seeds and other biotechnology products in Australia. Having been operational from the 1950s, this company have provided farmers with an innovative solution to various challenges they face and has in a big way helped them adapt to changing economic, social and environmental requirements (Dominic Glover, 2007).
As stated above, this company is directly involved in the cotton industry. Cotton is a very important export in Australia; however, it is a plant which is prone to attack by various insects. Monsanto has developed cotton seeds which contain Bollgard ii technology, which makes them have inbuilt insect protection.
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