It is not an exaggeration that there is considerable evidence that analytics-based decisions are more likely to be correct than intuition-based decisions. According to a survey asking about definition of “business analytics”, many leading experts across the business intelligence spectrum such as Oracle, SAP or Microsoft agreed with this idea that Business Analytics related to “the exploration of historical data from many source systems through statistical analysis, quantitative analysis, data mining, predictive modeling and other technologies to identify trends and understand the information that can drive business change and support sustained successful business practices”. Monsanto, one of the world’s largest agrochemical company can be a good example to find how business analytics works in company’s …show more content…
Therefore, the first question should be how Monsanto use analytics to build their own distinctive capabilities in this competitive biotechnology industry. First of all, Monsanto’s business analytics has gradually changed its core business strategic focus from toxic chemical products to bio-technology, agro-chemical products, and even climate-based information technology services. The Monsanto’s distinctive capabilities have been supported by its business analytics in the two main business segments: high-quality Seeds and Genomics, and Agricultural Productivity. Monsanto has evolved their corporate identities since the company was founded in 1901. From artificial sweetener to agricultural herbicide, laundry detergent, the notorious insecticide DDT and Agent Orange for the Vietnam War, Monsanto expanded their business into various fields of industrial chemicals. In 1980s, Monsanto began to shift its focus to expanding bio-technology-based seeds and genomics. With the urgent crisis of the growing world’s population (more than 9 billion people by
Modern biotechnology was born at the hands of American scientists Herb Boyer and Stain Cohen, when they developed “recombinant deoxyribonucleotide, (rDNA), [1] for medicinal purposes. Subsequently, biotechnologists started genetically engineering agricultural plants using this technology. A single gene responsible for a certain trait, from one organism (usually a bacterium) is selected altered and then ‘spliced” into the DNA of a plant to create an agricultural crop consisting of that...
Monsanto Company are a public American multinational agricultural and agrochemical biotechnology corporation who leads in the production of genetically engineered seeds. Founded by John Queeny in 1901, the organization initially produced industrial chemicals such as sulphuric acid and plastics, including polystyrene and synthetic fibres. It was not until 1983, where the company was among the first to genetically modify a plant cell and conduct field trials of genetically modified crops. This scientific breakthrough shifted the company 's corporate focus towards the agricultural industry with the implementation of biotechnology. The company’s primary line of products consist of herbicides and genetically modified seeds.1
Monsanto employs over 20,000 employees dispersed throughout their facilities within 69 countries. John F. Queeny, founder of Monsanto, started the company in 1901, which at first manufactured saccharine. Later, John son Edward directed the companies into the agriculture industry. The company is best known producing Round up, an herbicide, and for developing genetically modified (GM) through biotechnology. “Monsanto developed G.M. seeds that would resist its own herbicide, Roundup, offering farmers a convenient way to spray fields with weed killer without affecting crops” (Barlett, D. L. & Steele, J. B, 2008). Since the start up the company has encounter several lawsuits, patent issues and critics. The company also faces many concerns about the
Monsanto is the world 's leader on bio-technology and was found in St. Louis Missouri. Monsanto was not known as an agriculture company at first as it is now rather a chemical company of the 20th century. They are also responsible for growing 90 percent of the world 's GMO’s. On Monsanto’s website it states their goal is to help farmers around the world to produce healthier foods, conserving more, and better animal feeds while reducing impact on our environment. Monsanto 's GMO has been effecting our environment for years but have not yet brought to justice according to this video. The question is why? According to this documentary Monsanto created many hazardous chemicals for example PCBs, Agent Orange and recombinant
Between 1961 and 1971, Monsanto, along with Dow Chemical and other chemical companies, provided herbicides and defoliants, including Agent Orange, to the U.S. military during the Vietnam War. As a consequence of the exposure to dioxins contained in the defoliant, the military personnel in Vietnam suffered of injuries, such as Chloracne, heart disease, prostate cancer, respiratory cancers, etc. (“Veterans' Diseases Associated with Agent Orange”) In 1980, a class-action lawsuit concerning Agent Orange was filed against Monsanto, Dow Chemical and other chemical companies, but these companies denied that Agent Orange was linked to the veterans’ medical problems. In 1984, seven of the chemical companies involved decided to settle the class-action
In an argument, the lawyer representing Monsanto Company stated that the amount of arable land around the world is quickly dwindling. This means that it is time to take extra drastic measures to improve food safety throughout the world. Genetically modified seeds and related chemicals offer the best solution for such food safety concerns and thus the company was right to make such investments. This idea comes from recent realization of a robust population boom throughout the world, an inability for traditional agricultural practices and seeds to withstand changing climatic systems. Modification of the seed’s genetic material to withstand climatic and other environmental threats seems to be a viable solution to the challenge.
Do you know what you're really voting for? Iowan farmer Reg Clause suggests you may not in his column, “Say ‘no’ to GMO labeling.” Reminding readers that general election day has come, he attempts to convince us that a certain law should be voted against. The proposed legislation would mandate all foods that contain genetically modified organisms, also know as GMOs, to display a warning label on their packaging. He argues that this would be detrimental to the good name of these types of foods when they do not deserve to be shamed. I agree that the genetically engineered crops should not be labeled, but not because that would tarnish their name. However, the reasoning for my opinion comes from the perspective that it would not only be impractical
Monsanto is a multinational agricultural and agrochemical biotechnology corporation based in America and is the largest producer of genetically engineered seeds. Monsanto argues that using science and newfound research to create genetically modified food is necessary in order to save our world from starvation. Eduardo Blumwald, a professor of cell biology and employee for Monsanto, says that genetically modified food could be “the only viable solution we have for our future” (Ostrander 24) where it is predicted that the temperature and population will soar. Blumwald argues that without genetically engineering food to produce under high temperatures with little water, the world could potentially starve in this predicted future. Yet regardless of “biotech industry promises, none of the GMO traits currently on the market offer increased yield, drought tolerance, enhanced nutrition, or any other consumer benefit” (“GMO Facts”). Instead, Monsanto genetically modifies food to resist RoundUp, a pesticide the company has created to kill any plants or bugs other than the genetically engineered crop. According to the World Health Organization, this pesticide “is a probable human carcinogen” (“GMOs”) due to glyphosate, a
Americans, as a whole, are fat, over-indulged, lazy, entitled humans. As a whole, yes, yes Americans are all of these things. In 2004, Alison Motluk, a freelance journalist who writes for numerous magazines including the New Scientist, The Walrus, and The Economist, pens an article called “Supersize Me: It’s Time to Stop Blaming Fat People for Their Size.” Motluk blames the food industry for increased portions. She blames the food industry for unhealthy, addictive additives dumped into our food. She blames the food industry for easy access to fast food. She blames city growth for making it near impossible to walk to get food therefore, people have to drive to get sustenance. Motluk blames schools for fat children because physical education
Barlett and Steele’s “Monsanto’s Harvest of Fear” interpretation of Monsanto Company’s affect on the agricultural industry, its communities, and on consumers in the course of its aggressive expansion is both aggressive and unfair. Through the use of narratives and evidence, they reiterate and reinforce aliases composed by affected communities
The term GM foods or GMO (genetically-modified organisms) is most commonly used to refer to crop plants created for human or animal consumption using the latest molecular biology techniques (Whitman, 2000). These plants have been modified in the laboratory to offer desired traits such as increased resistance to herbicides or improved nutritional content. Also, genetic engineering techniques have been applied to create plants with the exact desired trait very rapidly and accurately. For example, this is done by the geneticist isolating the gene responsible for drought tolerance and inserts it into another plant. The new genetically-modified plant will now have gained drought tolerance as well.
GM crops also benefit the economy and assist in feeding more people. While we struggle with feeding our population, “The population will continue to grow” (Calandrelli 1) For instance, genetic engineering in agriculture can minimize the cost of producing food. Thus, GMO’s in crops can result ...
We live in a world that is constantly changing and advancing thanks to technological advancements, especially in the field of molecular genetics. Today, we are discovering and implementing new ways to overcome the ill-fated symptoms developed as a result from poor health or accidents. We are also making advancements in the field of agriculture thanks to molecular genetics. As we all know, food is an essential entity in our lives and is abundant as well as relatively easy to obtain here in the United States. However, as good as it may sound, this is not necessarily true for developing countries. Many people in developing countries receive very little food, if any, due to its scarcity. It is estimated that in Asia alone, close to 800 million people go to bed hungry every night due to food shortage. This problem can be alleviated by turning to the production of genetically modified organisms (a.k.a. GMOs).
Companies have transformed technology from a supporting tool into a strategic weapon.”(Davenport, 2006) In business research, technology has become an essential means that many organizations use in their daily operations. According to the article, Analytics is a major technological tool used. It is described as “the extensive use of data, statistical and quantitative analysis, explanatory and predictive models, and fact-based management to drive decisions and actions."(Davenport, 2006) Data is compiled to enhance business practices. When samples are taken, they are used to examine research and understand how to solve problems or why situations are as they are. Furthermore, in this article, Thomas Davenport discusses analytics from a business standpoint. He refers to organizations that have been successful in their usage of data and statistical analysis. In addition, he also discusses how data and statistics can be vital in the efforts to improve the operations of businesses.
Analytics means using data and performing statistical analysis on it, applying quantitative and predictive models, in order to arrive at a certain decision. Analytics can be the first step in a process or can rather be an intermediate step as well. Analysis can be done using different set of tools that are available in the market or it can done manually using different concept and formulas. Business intelligence firms like Cognos, SAS and BusinessObjects have developed different tools that are readily available in market that assist in analysis and decision making. Analytics is used in order to find solutions to the problems and the solutions provided enables us to be successful and in the business world allow us to compete with our contenders.