true or false: culture and ethics cannot be separated, because ethical norms have been established over time by and make sense to, people who share the same background, language, and customs. Fu, itur laoreet. Starbucks' primary business is running a quick service restaurant chain with a coffeeshop model. It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. Coffee producers are a major stakeholder for Starbucks because the firm has staked its reputation on high quality coffee. Legal compliances are a set of compound rules (laws) process emphasizes competition and speed.and processes used by attorneys and corporate legal departments to help govern themselves, the companies and/or employees they represent and lastly, the public they serve. 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. He had a tire blowout while driving and crashed into a $1,400 fire hydrant. Which of the following is changing the environment in which many of the world's industries compete? It The Starbucks franchises in New Zealand have also been accused of underpaying their younger workers. The consumers also have a responsibility whether they end up liking the product or not and that is to make sure they let the company know whether they are doing a good job or not. companies that intentionally keep hours at less than 29 to avoid more costly regulations like the ACA The people in this economy have $20 million in money, and they deposit all their money in Humongous Bank. As for ethical duties, they are standards based on human principles of right from wrong. a. the responsibility a company has regarding justice and care b. set of cultural norms Starbucks Stakeholder Analysis - 1096 Words | Cram Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. Blooms: Analyze (Select all that apply. Cross), Give Me Liberty! How much will money supply increase with that original loan of $19 million? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. c. utmost conduct * Too Short! Their concerns are identified through data gathering and analysis, However, Starbucks has also encountered certain difficulties in the area of customer relations that have tarnished the firms reputation as being one that is fully committed to the principles of stakeholder ethics. b. ethics is about what someone does a. customers are not considered high-priority stakeholder nature as stakeholders. 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 D. Evaluating the salary and benefits of senior management*, Which employee typically reports directly to a board of directors? Donec aliquet. AACSB: Reflection, Difficulty: Difficult 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. A. wages To construct a p-chart for a manufacturing process, 25 samples of size 200 were drawn from the process. \end{aligned} mysterious plane crashes, the Malaysian government (a stakeholder) and private investors hired a UmweltWirtschaftsForum, 21(1), 59. a. leads people to treat others as a means to an end B. shareholders Starbucks set out on its current course in the 1980s . Blooms: Apply c. a business owner's protection against loss of personal assets AACSB: Application, Ethics, Difficulty: Moderate On one hand, Starbucks is frequently praised as a company that is committed to corporate social responsibility and stakeholder ethics when it comes to labor relations (Miles, 2012). a. humanity in ethics OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders Which of the following laws ensures that employers provide a workplace environment free of risk to employees' safety and health? (Select all that apply.) Therefore, some employees work for Starbucks to gain that status. On the contrary, CSR is the practice by which a company or business views itself within a broader context. (Select all that apply.) CAFOs are condemned by animal rights activists as being harmful to the service, for example. (Select all that apply.). B. Starbucks Coffee Company supports its competitive advantages through the characteristics of its corporate structure. These are standard stakeholders of almost every business that operates in the United States or overseas. Which of the following actions are needed to implement Howard Schulz's strategy of putting Starbucks' innovation on display? A. her portrayal of the character was insincere Answered over 90d ago. A. industry norms* urban and suburban communities Solved Which of the following best explains why Starbucks | Chegg.com Freeman, R. E. & Moutchnik, A. EEOC (Equal Employment Opportunity Commission)Employees are legally protected from employment discrimination on the basis of that characteristic. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. which are the universal principles of behavior? Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? Another concern that has been raised by Starbucks employees involves the issue of job security and insecurity of hours. Which is the primary law prohibiting religious discrimination in the private sector workplace? (a) What is Friar Lawrence's plan for Juliet? essence of Stouts view is concern that shareholders may want to maximize their investment at The triple bottom line focuses on three things: profit, people, and planet. Which of the following is considered the most important internal stakeholder of a corporation? D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? Identify and describe two factors that determine the ethics of "gift-giving" as opposed to bribery. stakeholders. In 1981, Howard Schultz (Starbucks chairman and chief executive officer) had first walked into a Starbucks . Often there is a hierarchy that places consumers or customers first. Develop or acquire assets and skills needed to implement the strategy. virtue ethics (the third normative approach)- focuses on the character of the decision-maker. Explain how owners benefit from doing business as a corporate entity. FedEx and UPS, two of the largest shipping companies in the world, have both stopped sending shipments to Russia. Some Starbucks stores have been accused of deliberately higher only part-time workers for limited numbers of hours for the purpose of avoiding the provision of healthcare and other benefits. In the Supreme Court ruling Citizens United v. Federal Election Commission, which Amendment was at the center of the case? Here is a list of some of the most common external stakeholders your organization may work with: Customers Communities According to the I/O Model of Above-Average Returns, which of the following steps should Starbucks complete immediately before implementing a strategy? Download Assets. Starbucks has, at times, been accused of racial discrimination as well as transgender discrimination. Message from Howard Schultz: On the Future of Starbucks Today, Starbucks hosted its 30 th annual meeting of shareholders virtually. His expertise also extends to areas such as leadership, corporate responsibility and business strategy. For the long term, business operations need to inculcate stakeholder In the end, it means being responsible to our stakeholders. What CSR lesson did Starbucks convey when it closed its stores for a day? D. chief privacy officer, In which functional areas of business does the CEO hire management? (b) Analyze: Why do you think Juliet trusts the Friar? Blooms: Remember Explain the difference between the legal and ethical duties of a corporation. Who are the stakeholders of Starbucks Coffee? Blooms: Understand b. Starbucks prioritizes employees in its corporate social responsibility efforts. All Rights Reserved. How does consumer thought affect purchasing? AACSB: Real-world, Difficulty: Moderate Employee diversity in the workplaces can enhance performance and drive innovation. B. her portrayal of the character was not approved Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. Pellentesque dapibus efficitur laoreet. Defectives16149111581216171315109121411871215916131110\begin{aligned} C. environmental agencies C. her portrayal of the character offended shareholders a. Samsung's washers had a spin-cycle problem in 2017 Starbucks hiring project manager, sr - Business Operations(DAIBO) in B. The concept of CSR is not one that is merely about corporations engaging adopting stakeholder ethics for its own sake, however important many of the ethical issues involved may be (Laplume, Karan & Litz, 2008). Blooms: Remember &\begin{array}{ccccccccccccc} What has unfolded at Starbucks is anything but. Speaking at the annual shareholders meeting in . d. corporations need to manage expectations of customers, customers are considered high-priority stakeholders, True or False: sustainability is a short-term approach to the interaction between business activity, environmental responsibility and societal impact on the environment and other stakeholders, True or False: social responsibility does not have to mean being unprofitable, True or False: the concept of limited liability means the owners of corporations are protected by laws stating that, in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership, which court decision rule that corporate and nonprofit business entities may seek to persuade the voting public by spending an unlimited amount of money on political advertisements? \text { Cost } & \$ 930 & \text { Years to maturity } 10 & The mayor's wife often___ to the front of church on Sunday to show off her expensive, new clothes. It also changed its policy of allowing noncustomers to visit its stores and use restrooms. (promenades; tarries). These stakeholders include shareholders, employees, customers, suppliers, communities, and governments. c. media pilgrimages in response to passenger stakeholder interests in making such trips. a. implementation of values a. he viewed those outside economic and political circles as virtuous c. Assume that Humongous bank is part of a multibank system. A decision to be less If the heirs of the business owner want to continue the business in their own names, they will be considered a new business, even if they are using the assets of the old business. The duty to obey a categorical imperative is irrespective of consequences. the cost of stakeholders. Ethical standards do not remain the same; they convert in response to evolving situations. Having theoretical approaches to stakeholders highlights This For that law, companies are. Yet there c. her portrayal of the character offended shareholders In a perpetual existence, when a sole proprietor or partner dies, the assets may go to the heirs, but the business no longer exists. Starbucks stakeholders. Starbucks Stakeholder Analysis. 2022-10-28 Journal of Business Ethics, 108(3), 285298. Starbucks confirmed the results of the vote to CNN Business. Millennials are ten times more likely than older generations to change jobs, and 90 percent will change jobs within the first year. Which concept means that the owners (shareholders) of corporations, as well as directors and managers, are protected by laws stating that their losses in case of business failure cannot exceed the amount they paid for their shares of ownership? Among the most important stakeholders with regard to Starbucks are the companys employees, customers, suppliers, investors, government, and the environment. It is insufficient to have a mission statement, language on a website, or Additionally, Starbucks has also provided educational assistance to select employees by means of academic scholarships. Starbucks Corporation - Press Releases - Financial Releases M1 - Starbucks Flashcards | Quizlet Describe Kant's "Deontology" view of ethics. Business & Society Flashcards | Quizlet List and briefly describe the three normative theories of ethics. It is in a business's best interest to promote human flourishing within the organization by providing ________. Stakeholder theory: Reviewing a theory that moves us. 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. Since the advent of Communities and institutional investors seem unhappy with the ethical posture of the company . The most important function of the board of directors is to hire the president or Instead, the principles of stakeholder ethics and corporate social responsibility involve the idea that corporations will ultimately prosper to a greater degree when these principles are recognized. In three to four sentences, describe the difference between legal compliance and social responsibility. Berrett-Koehler Publishers. Blooms: Apply 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. Stakeholders of Starbucks (Starbucks stakeholder analysis) This is a lofty goal, especially given Coke products are ), milk producers There are dedicated sites About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. The company has. 4 Consolidated net revenues increased 24% to $29.1 billion for the. Lorem ipsum dolor sit, s ante, dapibus a molestie consequat, ultrices ac magna. b. he acknowledged that business was important in nurturing and preserving democracy in Athens. Starbucks Case (1).pdf - Applying Carney to Starbucks the theory that prosperity depends on extracting wealth or accumulating it from others. Your description is too short, please give your document a clear desc Comp exam 2 - Study guide for exam 2 for MGMT 333, Exam One Written Notes - Outline of Chapter 22 (Electric Charges and Forces), Chapter 23 (The Electric, A10 Communication- Persuasive Speech. Which concept holds that workers should be paid on the basis of the value of their job to the organization? Starbucks Stakeholder Analysis. From the beginning, Starbucks set out to be a different kind of company. simply advertising. Has opportunity to lead a team. Blooms: Apply chief executive officer. (Select all that apply. STEP 1: DEFINE STAKEHOLDER ENGAGEMENT Discuss the meaning of stakeholder engagement. Draw a T-account for the bank. CSR and greenwashing are the same concepts. 100 %. ), Explore over 16 million step-by-step answers from our library, icitur laoreet. Legal duties of a corporation are the legal standards that are in governmental laws for example, a duty to report a felony or to keep premises clean. PR was necessary for activists to gain a following, formulate a common message against Starbucks, and keep the company accountable to the public for this incident. In the United States, Ikea displays There are also organizations. For ex. Enculturation refers to the process by which humans learn the rules, customs, skills, and values to participate in a society. c. marketing this is an example of.. Most business organizations hold three different kinds of beliefs about themselves. Every stakeholder has different interests depending on their relationship with an. AACSB: Application. Shippers. In the case of Coca-Cola, its website discusses stakeholder engagement in a The coffeehouse company must strengthen its competitive advantages accordingly. Kroger take into account their suppliers, which include farmers. Blooms: Analyze Explain an employee's common law duty of loyalty to their employer. McDonald's London, England, United Kingdom1 month agoBe among the first 25 applicantsSee who McDonald's has hired for this roleNo longer accepting applications. Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). Some prioritization is particular to Entrepreneurs can still remain ethical while focusing on profit because they can't afford to have people disliking them as well as creating drama. d. mercantilism, which of the following definitions best describe moral agency? C. coffee and tea growers* (Select all that apply. STARBUCKS - Essay - 1416 words - Paperdue However, many other stakeholders can be identified such as employees, customers, partners, suppliers, creditors, media, NGOs, business support groups, wholesalers, retailers, competitors, communities, government, and the environment. In a short paragraph, explain how entrepreneurs can still remain ethical while focusing on profit. Unless key leaders have a vision for the organization and themselves, and a path to achieving it, there can be no balance of beliefs about profitability and responsibility, or integration of business with culture. b. corporations need to maintain initial priority of stakeholders Applying the big box store example from the chapter, which conflicts demonstrate that stakeholder claims vary? a. honesty and integrity b. virtue ethics and utilitarianism c. loyalty to management d. respect for business diversity honesty and integrity True or False: The environment is not considered a stakeholder false Blooms: Apply Take airbnb for example, accommodations are not inspected while in a hotel, they are. b. Operations Management questions and answers. Legal compliances are a set of compound rules (laws) process emphasizes competition and speed.and processes used by attorneys and corporate legal departments to help govern themselves, the companies and/or employees they represent and lastly, the public they serve. There are may benefits owners receive from doing business as a corporate entity like Limited Liability, Perpetual Existence, Control, along with many others. Sample Answer: In May 2018, Starbucks closed its stores after an incident in which two African One that not only. Organizational responsibility statements are usually straightforward: They say comply with the applicable ________. Many people in the UK will have a product from Thornton & Ross somewhere at home. In some Identify and describe two challenges an employer may face in providing reasonable accommodations under the ADA for employees. Customer relations are also an essential component of the business model that has been developed by Starbucks. How has Starbucks used technology to improve its products? (Select all that apply.) (Select all that apply. The international standard providing guidance on social responsibility, called ISO 26000, defines a stakeholder as an "individual or group that has an interest in any decision or activity of an organization." Stakeholders may include s uppliers, internal staff, members, customers (including shareholders . Donec aliquet. Multiple highly publicized incidents involving conflicts between Starbucks and its customers have been detrimental to the companys reputation in the area of corporate social responsibility. Supply Chains Act also implicates the welfare of stakeholders. The coffee farmers supply coffee to Starbucks. d. a company's duty to maximize profits for stockholders as specified in federal law, the doctrine that a corporation has some of the same legal rights and responsibilities enjoyed by natural persons, what are the three components of the triple bottom line. the risk of stakeholder displeasure and critique, which could result in bad publicity for a AACSB: Application, Real-world, Difficulty: Moderate b. standards of behavior The successful candidate must be a well-rounded leader who can drive and sustain collaboration with Starbucks stakeholders across both Technology and Business, especially within challenging and . Describe what type of goal each is. Business 148 Study Guide Flashcards | Quizlet Cell differentiation and specialisation - GCSE, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. ), True or false? Which of the following are Starbucks' stakeholders? Answer: False, True or false? Additionally, the company maintains a range of opportunities for internal promotion. c. humanistic business model AACSB: Reflection, Application, Difficulty: Difficult Our responsibility starts with being accountable to Starbucks stakeholdersour partners, customers, shareholders, suppliers, community members and othersand communicating openly about our business practices and performance. Felix Madison has $10,000 worth of property damage insurance and a$1,000 deductible collision insurance policy. AACSB: Application, Difficulty: Easy Which corporations have pulled out of Russia since its invasion of B. urban and suburban communities* consumed by 20% of the worlds population. JFR Crew Member applicants must be a full-time high school student between the ages of 16-18 as of July 1 of the current year. Thus, Ikea changed in response to consumer The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders. Sample Answer: Ikea is a multinational furniture store. Defectives16121414911118157812121516917161313151110109. Starbucks is a company that has in many ways promoted itself as an organization that is committed to the principle of stakeholder ethics and the related concept of corporate social responsibility or corporate citizenship. All companies must have a board of directors. c. conscientiousness, honor, and accountability a. an enumerated power listed in the constitution in the Bill of Rights Starbucks shareholders reject CEO pay proposal in rare move It is important for executives to interact with outside-environment stakeholders Starbucks Primary Stakeholders Analysis Essay Example - PaperAp.com Select the best answer. Sample Answer: Customers are articulate about their views of a company. even perhaps industry standards? Do companies have the responsibility to market their products with integrity? Those men later settled Ben & Jerrys, an ice cream company known for its founders social What are some examples of how companies take into account the welfare of stakeholders? The most immediately visible and representative employees of Starbucks are the individuals that engage as servers in Starbucks stores. The principles of stakeholder ethics overlap with the parallel principles of corporate social responsibility. What is the ethical issue behind issuing disaster insurance? Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . AACSB: Real-world, Difficulty: Moderate C. legislatures D. plastic-cover manufacturers, Which are some types of stakeholder relationships that a local chamber of commerce would In some cases, as soon as entrepreneurs see that they are making profit, everything else suddenly disappears. b. the Dutch and Native American trade Explain using details from the text. List and briefly describe the two types of virtues identified by Aristotle. A trade secret is a form of intellectual property protection and is easier to (Select all Access to over 100 million course-specific study resources, 24/7 help from Expert Tutors on 140+ subjects, Full access to over 1 million Textbook Solutions. Consumer feedback on social media sites does not affect a company's prospects or status as ethical. social media, they are apt to speak up about their customer experience. Which of the following describes the impacts that diversify Answer: False. Starbucks continually emphasizes its commitment to corporate social responsibility. Laplume, A., Karan, S. & Litz, R. (2008). Bonus Eligible : Yes. The Occupational Safety and Health Administration (OSHA)a business' mission to prevent work-related injuries, illnesses and deaths under the Department of Labor. How are Ben & Jerrys and Coca-Cola respective examples of greenwashing? D. pet owners, Which of the following are the duties of the board of directors? After B. amenities* Principles and Purpose: A Statement on Stakeholders
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