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Scott Deeter And Ventri Ethical Dilemmas

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Scott Deeter and Ventria faced many problems over the controversy over plant-made medicines. There are many regulations that control farmed pharmaceuticals. There is the FDA, GRAS, EPA, and the USDA that all have requirements that companies such as Ventria must abide by. In addition to the list of regulations that must be followed, companies must also indirectly make sure the local rice industry approved of the new techniques. People fear things that they don’t understand. They feared the crops would cross contaminate and pollute the state. They weren’t sure of all of the risks, involved in their industry. According to the text, in the early 2,000’s the FDA basically created standard that was directed toward pharmaceutical crops and food crops …show more content…

There are many stakeholders who have stake with the company. We know that the consumers are the most important stakeholders. Although, the product is not on the market, the connotation of the new item is very important. The customers would have to believe in, and trust the product. The consumers would be interested in this product for the health benefits, advancement in medicine, through natural methods. However, they are powerless in a sense. The members of the board provided more than 80% of the company’s finances, which would make them stakeholders in the company with not much power compared to the government. Ventria Bioscience was made possible because of many investors, who hold stake in the company. Lastly, the government is probably the most important stakeholder because they have the most power. They have rules and regulations in place that must be respected, in order for the company to progress. They are responsible for protecting every single person in this nation, so they hold the greatest responsibility. Every plan, must follow protocol, receive the proper approvals, and meet the …show more content…

Of course, it is ideal to want to grow it in natural soil, however, the risk of it polluting the environment, diseases forming and spreading plus the unknown dangers to the affects on the community. The stakeholders cannot ignore, the unknown answers to the questions that people have. Agricultural companies in areas that don’t have the best climate, or where the environment isn’t suitable for growth, use innovative habitats such as greenhouses. If I were a Ventria stakeholder, I would suggest using indoor agricultural methods to grow the products in, so the environment and the public’s health would not be at risk. 4. If Ventria chooses to employ a political action strategy, how might it go about influencing relevant regulators? Relevant regulators only want answers to the their unknown questions. Their purpose is to make sure what is being done, is done with tact, and concern for the majority of the people. Ventria needs to find answers, develop a safe proposal that would make the government support and believe in their invention. Once they develop the positive relationship with regulators, their objective should be to focus on the benefits of the product. If a simple product, that isn’t potentially harming the environment; can save lives, regulators may be influenced to support the product. 5. If Ventria chooses not to engage in dialogue or political action (or

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