Reference no: EM133051097
Can you please help me with a stakeholder analysis, for Monsanto.
Monsanto: A Growing Controversy.
Google Monsanto and find its missions/values statements and apply those statements to this problem.
(BTW, Bayer bought out Monsanto last June)
Essentially that matrix referenced above is this:
1) what is the decision that has to be made? What is the "issue"?
2) what are all the options? This is an info dump--everything is on the table.
3) Of those options, which are tossed out as being either illegal or financially unfeasible (as in driving the company to insolvency or financial compromise?
4) Then take the viable options (hopefully no more than 4 or 5) and run a stakeholder analysis on each option: i.e. what is the effect of these option on: shareholders, employees, customers, supply chain/creditors, society (incl environment and social justice), market. This analysis would have three parts for each stakeholder: how does the option affect each stakeholder. Schematically, it looks like this below.
In order to fully develop the stakeholder model, there is an imperative for "managers to act as follows:
- Identify the full range of stakeholders for a given firm and decision;
- Identify the stakes at issue in the decision;
- Assess the legitimacy of the stakes;
- Allocate priority among conflicting stakeholder claims;
- Identify strategic options for responding to the legitimate stakes having priority;
- Assess the viability of the options within the framework of corporate governance, including any special considerations to be given to the interests of the stakeholders; and
- Make a final decision."
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