b. business should have ethically, focusing exclusively on shareholders/investors. d. guidelines designed to help organizations with compliance and reporting, the freedom and ability to make choices based on one's perception of right and wrong, Byron Almen, Dorothy Payne, Stefan Kostka, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses. STARBUCKS - Essay - 1416 words - Paperdue The following are the main stakeholders in Starbucks Coffee's business: Employees (baristas, partners) Customers Suppliers (supply firms, coffee farmers) Environment Investors Governments Employees. CSR and greenwashing are the same concepts. The people in this economy have $20 million in money, and they deposit all their money in Humongous Bank. The airline is now focused on promoting Muslim We will send [DOCUMENT_TITLE] to your email. (A)[1,3](B)[0,2](C)[3,4]. Katherine Martinez (She/Her/Hers) - LinkedIn Pay Range : $123,600- $193,200/ annually. These are standard stakeholders of almost every business that operates in the United States or overseas. Blooms: Apply In addition with many other laws, current employees are not to work for competitors or set up competing companies that divert potential clients and opportunities. And there are two types of stakeholders, including the primary and seconday stakeholders ( Clarkson, 1995). Participate in and support community . Starbucks: More Value For Shareholders Through - SeekingAlpha Stakeholder management and CSR: Questions and answers. Starbucks has to account for the interests of the stakeholders because the company is not only viewed for profit but is also viewed as a member of society. In China, Ikea allows its visitors to take naps on B. local and regional governments* Applying the big box store example from the chapter, which conflicts demonstrate that stakeholder claims vary? d. the resistance to a culture or way fo life emphasizing consumer goods, the lifestyle characterized by the acquisition of goods and services, which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? Blooms: Apply c. Citizens United Blooms: Understand Examples Of Verizon Stakeholders - 818 Words | Internet Public Library \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ 12 & 14 & 11 & 8 & 7 & 12 & 15 & 9 & 16 & 13 & 11 & 10 & Which of the following statements does not depict deontology? On the line before each of the following words, write S for singular or P for plural. Course Hero is not sponsored or endorsed by any college or university. PR Related Events and Strategies & Tactics Used Timeline of Key PR Related Events discrepancy is stark. Business ethics exists on which of the following three levels? One big issue access economy has is lack of regulations, especially when it comes to overseeing the products and services exchanged during the transaction. b. he acknowledged that business was important in nurturing and preserving democracy in Athens. Describe what type of goal each is. All stakeholders must be treated the same. In the end, it means being responsible to our stakeholders. B. government liaison/lobbying director Many baristas have eventually become managers and worked their way up into higher positions within management (Mitchell, Agle, & Wood, 1997). Kroger take into account their suppliers, which include farmers. Too Short! B. urban and suburban communities* 35.Deconfliction is necessary when the penetration test: A. determines that proprietary information is being stored in cleartext. such as media and government. There is a growing recognition of the need for corporate accountability. Maybe complaining online or in customer service reviews would be Which of the following is considered the most important internal stakeholder of a corporation? AACSB: Application, Difficulty: Moderate Advocates of the right to bear arms as well as proponents of gun control have criticized Starbucks for the companys policies regarding the carrying of firearms in Starbucks stores by customers. Answer: False, True or false? Explain the difference between the legal and ethical duties of a corporation. Blooms: Remember True or false? Starbucks has also been accused of overpricing its products, particularly concerning its franchises in China, and of underfilling its cups as well (Laplume et al., 2008). social media, they are apt to speak up about their customer experience. AACSB: Reflection, Difficulty: Difficult b. ethics is about what someone does Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . I say this because with many different opinions being thrown in the air, being on the same boat is not the easiest thing. (Select all that apply.) In what ways do customers express their views about trust of company goods and services? d. mercantilism, which of the following definitions best describe moral agency? A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers Starbucks has, at times, been accused of racial discrimination as well as transgender discrimination. reidentify stakeholders. Stakeholder ethics involves a body of thought which insists that the ethical responsibilities of corporations extend not only to the shareholders but also to the full range of interests that are impacted by corporate activity. Sample Answer: A company needs to be aware of its stakeholders. Enacted in 1966, which of the following laws is the most important U.S. law forbidding cruelty to animals in laboratory settings? Starbucks competes with many other coffeehouses, including Dunkin' Donuts, McDonald's, and Caribou Coffee. Emily Miner, CCEP on LinkedIn: What Should Leaders Do To Prepare For B. her portrayal of the character was not approved AACSB: Application, Difficulty: Easy chief executive officer. Donec aliquet. C. legislatures In some cases, as soon as entrepreneurs see that they are making profit, everything else suddenly disappears. a positive bottom line. welfare. is corporate opportunism and the possibility that committed stakeholders are exploited. a. courage, decorum, and accountability Which of the following are well-documented outcomes? C. remuneration Consider Fisher's remarks in the last two paragraphs. Answer: False. Humongous Bank is the only bank in the economy. One that not only. Which of the following are Starbucks' stakeholders? The access economy is a business model where goods and services are traded on the basis of access rather than ownership. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Starbucks Challenges: Current Issues Faced by Starbucks | Business ), how to distribute resources fairly and evenly Those men later settled Which of the following is an example of an external stakeholder of an organization? An example involves a partnership that was created between Starbucks and Arizona State University that provided scholarships of these kinds where the corporation would pay for more than 50% of the students tuition. A) Employees B) Customers C) Shareholders D) Economy c. business should behave ethically, being responsible to all stakeholders Blooms: Understand, Apply The main difference between a bribe and a gift is intent. On the other hand, Starbucks has often been criticized as a firm that is hypocritical in his approach to such matters by claiming to be a company that abides by the principles of stakeholder ethics while treating its employees poorly. Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Chapter 3: Defining and Prioritizing Stakeholde, A. minority- and women-owned small business owners*, A. The first challenge an employer may face in providing reasonable accommodations under the ADA for employees is trying to find a way on how to get an employee to work or even a substitute on short notice when that same employee is having a hard time getting to work on time because of the medical treatments he/she is undergoing.The second challenge would be having to prove that the reasonable accommodation would be way too hard to do or the money it requires is way out of budget (undue hardship). Video Case 4 Starbucks Corporation: Serving More Than Coffee A. her portrayal of the character was insincere March 16, 2022 4 min read. Blooms: Remember The emphasis was on The duty to obey a categorical imperative is irrespective of consequences. Top things to know about Starbucks 2022 shareholders meeting urban and suburban communities c. he believed one secures one's own good outside of political science Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Accordin to Freeman (1984), stakeholders are anyone that can influence or be influenced by the company's actions. Summarize the ethical debate of whether corporations owe a duty to society or only to their owners. b. corporations need to maintain initial priority of stakeholders changes. Defectives16149111581216171315109121411871215916131110\begin{aligned} Words and actions like the following emerge: Focus Groups, Surveys, Beta Tests, Small Group Discussions, Grant Requests, Operational Plans, Pitch Decks, Research Projects, Feedback Loops Focus and care for this stakeholder group could not be higher in most cases. A. chief legal officer d. They have ruled that symbolic speech is always protected. beds, which is acceptable in that culture. Home4Dance hiring Export Coordinator in Huddersfield, England, United Financial Analysis of PUMA and Nike, Inc. Starbucks Stakeholders: Employees and Customers. How are Ben & Jerrys and Coca-Cola respective examples of greenwashing? Which of the following are considered intellectual virtues? Which of the following are steps in the MITRE stakeholder process? Nam risus ante, dapibus a molestie consequat, ultrices ac magna. a. promising to earn less profit per share Starbucks baristas are paid above the minimum wage, even at the entry-level position. His expertise also extends to areas such as leadership, corporate responsibility and business strategy. C. coffee and tea growers* D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? Media While a power-interest grid is usually used to determine the key stakeholders of a business on an ongoing basis, it can also be used to focus on key aspects of a short-term challenge or situation. c. methodology for arriving at the truth most important, given its provision of goods and services. Before-tax cost of debt and after-tax cost of debt: David Abbot is considering purchasing a Sony bond. \end{array} influence suppliers working conditions. PDF RESPONSIBLE BUSINESS PRACTICES - Starbucks Coffee Company Consumers support big box stores that offer quality goods and reasonable prices, Which of the following are Starbucks' stakeholders? How has Starbucks used technology to improve its products? stakeholder needs. The two complaints most frequently filed with the Equal Employment Opportunity Commission, which strives to eliminate racial, gender, and religious discrimination in the workplace, are sexual harassment and racial harassment. Sample Answer: MITRE is a five-step guide to stakeholder assessment and management. Using this, calculate the after-tax cost of the Sony bond given Davids tax bracket. Which of the following best describes information that has economic value because it is not generally known to the public and is kept secret by reasonable means? They need to develop sustainable sources of quality beans. Starbucks is opening small cafes half the size of existing cafes. From the beginning, Starbucks set out to be a different kind of company. a. the responsibility a company has regarding justice and care Answer: True, True or false? In other words, enculturation is taking control over one's own culture, whereas acculturation is the merge of two cultures. AACSB: Real-world, Difficulty: Moderate safeguard properties lawsuit 2017; syl johnson chad ochocinco father Select the best answer. AACSB: Application. (Select all that apply.) Some prioritization is particular to Blooms: Apply A firm's vision is the foundation for its mission. Ability to create, manage and deliver Workday reports and Dashboards for different stakeholder groups; Experience of managing and support of Operational changes such as re-organisations, identifying impacts on Workday; Experienced with internal and external audits, able to demonstrate a positive improvement approach Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? Ben & Jerrys, an ice cream company known for its founders social Read the following scenario and use the following five key questions in stakeholder management to determine how Starbuck's should handle this stakeholder: A few years ago, Starbucks identified three areas in which government could impact the company's ability to maximize profits in its Corporate Social Responsibility Report: (1) U.S. Tax . normative, descriptive, and instrumental approaches. Solved Thirty years ago, Starbucks was a single store in - Chegg Starbucks steps evinced a social consciousness and focus on stakeholders. For the coffee producers, Starbucks' position with regards to their needs can have a tremendous impact on the ways in which other coffee purchasers treat them as well. ), Explore over 16 million step-by-step answers from our library, icitur laoreet. As Starbucks, we can either choose to rise to this moment or stand idle. Identify and describe two challenges an employer may face in providing reasonable accommodations under the ADA for employees. AACSB: Real-world, C. greenwashing A company must identify and Nam lacinia pulvinar tortor nec facilisis. people do not need some of the promoted products or services. c. Samsung assumed the risk of exposure and picked up the washers AACSB: Application, Real-world, Difficulty: Moderate (Select all that apply. The ExploitDB is a very useful resource for identifying possible weaknesses in your network and for staying up to date on current attacks occurring in other networks". d. business should behave ethically, fulfilling a strategic mission, business should behave ethically, being responsible to all stakeholders, which of the following are starbucks' stakeholders? a. humanity in ethics stresses that a company must sustain trust with stakeholders. Which insurance covers the damage to the fire hydrant? What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? B. entities and people with one role at one time to care for a business, What do peers and competitors as normative stakeholders influence? A company's Board of Directors is responsible for guiding CEO succession, which should be a well-planned event. Starbucks was founded by Jerry Baldwin, Gordon Bowker, and Zev Siegl, opening its first store in 1971 near the historic Pike Place Market in Seattle. d. embraces freedom and a sense of divinity, the advantage of justice theory over other ethical systems is its AACSB: Ethics, Application, Difficulty: Moderate The traditional approach to business ethics that has been championed by many corporate leaders echoes the sentiments of the late Nobel Laureate economist Milton Friedman, who famously stated that corporations ultimately have no ethic responsibilities other than to increase the value of the corporation for shareholders. Which is the best example of a novelty craze? Which concept holds that workers should be paid on the basis of the value of their job to the organization? Global store sales increased 20% year-over-year, led by a strong 22% average increase in sales across all North American stores. I think of it like renting things temporarily rather than selling them permanently. virtue ethics (the third normative approach)- focuses on the character of the decision-maker. A. finance* People have argued that CSR initiatives based on environmental or social justice instead limit shareholder wealth and that the world's largest corporations executives consider the interests of a broader set of stakeholders, rather than only stockholders. Bonus Eligible : Yes. What constitutes a reasonable profit may be unfair. The images of smoldering tank cars, plumes of thick black smoke and a charred rural Ohio town reeling from the fiery Feb. 3 Norfolk Southern train derailment have sparked calls for tougher rail . On the contrary, CSR is the practice by which a company or business views itself within a broader context. Cambridge: Cambridge University Press. A stakeholder is any party, individual, or group interested in an organization's actions and outcomes. Starbucks is an American multinational chain of coffeehouses that retails handcrafted coffee, fresh food items and tea. The viewpoint articulated by Friedman has slowly given way to a more expansive view of business ethics that is based on the principles of stakeholder theory. focused on stakeholders, and perhaps instead concentrated on consumers or shareholders, could If corporations use social responsibilities, it is more likely they will be successful. Today, Starbucks hosted its 30 th annual meeting of shareholders virtually. B. amenities* service, for example. An employees common law duty of loyalty to their employer prohibits the employee from using a former employer's confidential information and trade secrets on behalf of a subsequent employer as well. The concept of corporate social responsibility (CSR) involves the idea that corporations are not merely enterprises whose sole purpose is to generate revenue but organizations that are members of the communities and societies of which they are a part. Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. d. ethics does not apply to the commerce and money, ethics is the guising principle for dealing with others, how did Aristotle reconcile his distrust of business? c. utmost conduct The three Starbucks founders had two things in common: they were all coming from academia, and they all loved coffee and tea. Difficulty: Difficult The following points outline skills and experiences that are considered assets: First Aid and CPR certification. systemic ethics problems. * c. environmental tax EEOC (Equal Employment Opportunity Commission)Employees are legally protected from employment discrimination on the basis of that characteristic.
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