Principles Of Monsanto

The Caux Round Table Principles for business has recommendations for the company based on each of the 7 principles to ensure Monsanto embraces a global approach to achieve corporate responsibility. Thorne state “The 7 principles are to respect stakeholders beyond shareholders, contribute to economic, social, and environmental development, respect the letter and the spirit of the law, respect rules and conventions, support responsible globalization, respect the environment, and avoid illicit activities” (Thorne, 2011, p. 450). Business leaders can use these principles to have a successful organization.

As a consultant of Monsanto, I can use the first principle to make sure that stakeholders know who produces it, and where it's produced.

It makes it easier for consumer to trust them by giving consumers helpful information. The second principle is to contribute to economic, social, and environmental develop. I can make sure that Monsanto is globalizing through technology. The third is the law, Monsanto support mandatory labeling of GMOs. I would make sure that I would not have confused consumers because they want to have a positive connection. The fourth principle, rules and conventions is to make sure that the Monsanto has diversity. The company can help farmers around the world. To support responsible globalization, I would create opportunities for companies around the world by bringing farmers through the supply chain. I can make sure the Monsanto company will respect the environment because they can spread awareness of nutrition to consumers. The seventh principle, avoid illicit activities. As a consultant, I would make sure that the stakeholders are aware that the Monsanto company has stated “the World Health Organization and American Medical Association have shown that food containing GMOs are not dangerous or has less quality than other food”. (www.monsanto.com).