Monsanto Company the Coming Age of Bio-technology Case Study

Monsanto Company the Coming Age of Bio-technology - Case Study Example From this essay it is clear that growing to become the third largest chemical firm in the U.S, and the 145th largest industrial organization, the success of Monsanto has presented a convincing long-term benefit for the company`s shareholders. However, according to the study, the firm faces a combination of issues, comprising the lack of a patent ahead of 2000, for its key product, Roundup. The company also needed to acquire the value generated by its biotechnology research that attracted an investment of $300 million within10 years. Moreover, and on a long-term approach, Monsanto had to settle on where to center its research and development regarding its farm level or industrial, and food products.This paper highlights that  the management of the production of glyphosate and developing supply chains relationship would empower the image of the business and acceptance of its products heavily. The firm managed to embrace the best scheme of action before the time limit that was to mark et assertively similar products, and glyphosate into the market before the patent expiration. Also, by acquiring a high grip of the Roundup before the end of the patent, the firm would raise royalty fees, and the company will be able to balance the slight market share losses that could be incurred due to potential rival substitute products.  Ã‚  The firm was also making a significant stride by selling its products outside the U.S. Where it has proven massive sales. A positive initiative will better place Monsanto to govern the Asian market.

Written Assignment Questions about Orgamisation Management Essay

Written Assignment Questions about Orgamisation Management - Essay Example He implies that there should not only be one beneficiary of an organization saying that both the employer and the employee must gain a certain level of benefits that would be commensurate to the effort that both employee and employer has put in. His main objective was to increase productivity of the workers. He noticed that workers had their own way of doing their work even without any specific instructions on how it should be done. This discovery led to the conclusion that if the employees are left to their devises it made them lose efficiency and that they were not maximizing their abilities. He then introduced a solution of having supervisors to teach and help the workers do their work the right way. He further analyzed the actions and responsibilities that are essential in any job within the organization and developed processes for the jobs could be done in the most efficient ways possible. With the improved processes, the job requirements were coupled with the training of the workers and the support of the supervisors. They come in the type of right direction, assistance and incentives. With this, he included four principles guiding actions. First of the four principles is develop for every job a â€Å"science† that includes rules of motion, standardized work implements and proper working conditions. The second principle is to select worker with the right abilities for the job. The third is to carefully train workers to do the job and give them the proper incentives in cooperate with the job â€Å"science†. And the last principle is to support workers by carefully planning their work and by smoothing the way as they go about their jobs (Schermerhorn, 2007). The first principle says that any job should have guidelines of how to do implement the job. An example of this is in a fast food establishment, each of their burgers have a different way of cooking but a method was introduced to