with Starbucks in lieu of a civil action against the corporation. Today, with over 32,000 stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Academy of Management Review, 22(4), 853886. b. means supporting dogmatic rationality Many people now a days are very open-minded and whether you like it or not, it is just the reality of todays society. Nam risus ante, dapibus a molestie consequat, ultrices a, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Explore documents and answered questions from similar courses. Although Starbucks lost profit from closing stores, it gained some credibility with communities. Business ethics Final exam Flashcards | Quizlet Supply Chains Act also implicates the welfare of stakeholders. C. chief executive officer* Consequently, the argument is made that corporations should aspire to be good corporate citizens that demonstrate care for the full range of stakeholders that are impacted by their activities. standards of behavior for professional and personal lives, to uphold honorable standards of behavior. Which are some types of stakeholder relationships that a local chamber of commerce would have? a. the "purchase" of Manhattan Consult with business partners, managers or other key stakeholders. This button displays the currently selected search type. Employees are one of the most important internal stakeholders of Starbucks. (A)[1,3](B)[0,2](C)[3,4]. 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. Employees Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? C. remuneration Starbucks-CASE-3- Group-4 - STARBUCKS CASE PART 3 - StuDocu He has the following security-related information: Parvalue$1,000Couponinterestrate6%Taxbracket20%Cost$930Yearstomaturity10\begin{array}{llll} 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? A common law or principle stating that officers, directors, and managers of a corporation are not liable for losses incurred when the evidence demonstrates that decisions were reasonable and made in good faith is known as ________. Which of the following describes the impacts that diversify Financial Analysis of PUMA and Nike, Inc. Starbucks Stakeholders: Employees and Customers. A. minority- and women-owned small business owners* There are dedicated sites Describe the steps in the MITRE stakeholder process and provide an example. Sample Answer: Greenwashing is the view that companies are acting superficially or are AACSB: Analytical. D. It is effective because it expects NGOs, state governments, and political action committees to Emily Miner, CCEP on LinkedIn: What Should Leaders Do To Prepare For c. marketing pilgrimages in response to passenger stakeholder interests in making such trips. 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. service, for example. The environment is not considered a stakeholder. Managing and executing the strategy of a company During the period, the economy was sagging and there were increases in prices of many commodities, for instance, many Americans could not sustain their mortgages an implication of reduced incomes. It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. C. environmental agencies (1997). c. Citizens United Blooms: Remember It is best for companies to avoid involvement in such controversies because of the polarizing effect they have on the general public and consequently on Starbucks customers and potential customers. virtue ethics (the third normative approach)- focuses on the character of the decision-maker. The coffee farmers supply coffee to Starbucks. True or false? b. ethics is about what someone does An employee who works in the graphic design department of a large advertising agency most likely cannot moonlight after business hours for a friend's ________. AACSB: Ethics, Difficulty: Easy (Select all that apply.) He had a tire blowout while driving and crashed into a $1,400 fire hydrant. d. he thought money should only be allowed for those in trades. His expertise also extends to areas such as leadership, corporate responsibility and business strategy. Select the best answer. c. he believed one secures one's own good outside of political science If Starbucks follows a strategy of competing in more than one business product, which of the following goals could it accomplish? Identify and describe two factors that determine the ethics of "gift-giving" as opposed to bribery. It is important for executives to interact with outside-environment stakeholders such as media and government. Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? Customers still enjoy the product and yet competition is growing. Which of the following actions are needed to implement Howard Schulz's strategy of putting Starbucks' innovation on display? Which Stakeholder Is Most Important Is Always Shown By - Bloomerang What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? d. embraces freedom and a sense of divinity, the advantage of justice theory over other ethical systems is its want companies to treat stakeholders well to encourage customer and employee loyalty. Blooms: Apply In the case of Coca-Cola, its website discusses stakeholder engagement in a Which of the following is a resource made available to employees, in addition to salary? Starbucks's Mission Statement & Vision Statement (An Analysis) a. the barista at Starbucks b. the Starbucks district manager c. the President and CEO of Starbucks d. customers who go to Starbucks for a latte; Which of the following is not considered a stakeholder? What is the ethical issue behind issuing disaster insurance? Explain Lynn Stouts view of the role of shareholders and the implication for stakeholder b. code of ethics celebrated coffee and the rich tradition, but that also brought a feeling of connection. 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. Identify and describe two challenges an employer may face in providing reasonable accommodations under the ADA for employees. (Select all that apply.) A. chief legal officer They ParvalueCost$1,000$930Couponinterestrate6%Yearstomaturity10Taxbracket20%. Answer: False. The number of defectives in each sample is listed in time order in the table that follows. c. media The following are the main stakeholders in Starbucks Coffee's business: Employees (baristas, partners) Customers Suppliers (supply firms, coffee farmers) Environment Investors Governments Employees. B. local and regional governments* b. applying U.S. law regarding child labor globally Partners with stakeholders and business hiring managers to ensure that the project has the skillsets and resources required for delivery. Starbucks: Not A Well-Conceived CEO Succession Plan - SeekingAlpha Answer: False, True or false? (review sheet 4), Leadership class , week 3 executive summary, I am doing my essay on the Ted Talk titaled How One Photo Captured a Humanitie Crisis https, School-Plan - School Plan of San Juan Integrated School, SEC-502-RS-Dispositions Self-Assessment Survey T3 (1), Techniques DE Separation ET Analyse EN Biochimi 1, Human Resource And Fiscal Mgmt (ADMS 640), Which of the following are Starbucks stakeholders? ), milk producers c. utmost conduct Which seven-step guidelines are designed to help organizations with compliance and reporting? business and sustainability strategies. Starbucks set out on its current course in the 1980s . 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". MANGMT 4970 EXAM 1 (QUIZ QUESTIONS & CONCEPTS), Allen Cognitive Levels (ACL) & Allen Diagnost, CompTia A+ 220-1001 Core 1 Certification Prac, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Service Management: Operations, Strategy, and Information Technology, Information Technology Project Management: Providing Measurable Organizational Value. Stakeholders: Essentially contested or just confused? C. legislatures (Select all that apply.) a. leads people to treat others as a means to an end 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. Enculturation refers to the process by which humans learn the rules, customs, skills, and values to participate in a society. simply advertising. D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? systemic ethics problems. 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? such as media and government. They need to develop sustainable sources of quality beans. Some ads exaggerate or distort what goods or services deliver. Blooms: Understand True or False: The environment is not considered a stakeholder, True or False: Goodwill . Community members may view big box stores as a threat to small businesses' livelihood. What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? 'Group stronger, more adaptive' - trinidadexpress.com Many baristas have eventually become managers and worked their way up into higher positions within management (Mitchell, Agle, & Wood, 1997). Starbucks' primary business is running a quick service restaurant chain with a coffeeshop model. 16 & 14 & 9 & 11 & 15 & 8 & 12 & 16 & 17 & 13 & 15 & 10 & 9 \\ True or False: CSR and greenwashing are the same concepts, True or False: it is important for executives to interact with outside-environment stakeholders such as media and government, True or False: the most important function of the board of directors is to hire the president of chief executive officer, True or False: all stakeholders must be treated the same, which of the following are the opposing views of how large, publicly held corporations should approach social responsibility and ethics? P3-1. Consumer responsibility is diminished if advertising is directed toward children. Donec aliquet. The C. her portrayal of the character offended shareholders Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit. Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? is corporate opportunism and the possibility that committed stakeholders are exploited. which of the following is the best description for what it means to be a professional of integrity? b. carbon tax What are Stakeholders? Stakeholder Definition | ASQ These servers are commonly referred to as baristas although actual owners and higher-level managers with Starbucks franchises are referred to within the company as partners. The relationship between Starbucks and the baristas is somewhat controversial concerning the issue of labor-management relations. Here is a list of some of the most common external stakeholders your organization may work with: Customers Communities Rachel Carsons 1962 book, True or false? Starbucks's Organizational Structure & Its Characteristics Rawls's theory of justice views individuals as human resources, with their natural state as needing governance, and subjects them to a social contract of subjugation. gender Mitchell, R. K., Agle, B. R. & Wood, D. J. A. stakeholders. Large corporations such as In a short paragraph, explain how entrepreneurs can still remain ethical while focusing on profit. the risk of stakeholder displeasure and critique, which could result in bad publicity for a true or false: during the industrial revolution and the postindustrial era, the goal of businesses was to earn as high a profit as possible for shareholders, with little concern for outside stakeholders, true or false: even in business, ethics is not about human morality but rather about human consumption, true or false: 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, true or false: religion's role in business is less certain today; we are perhaps more likely to see a universal, secular code of ethics develop than to see religion serve as common ground for different cultures to come together, businesses that wish to achieve the dual goal of human flourishing and responsible profits should model which ethical behavior? \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ Who are the stakeholders of Starbucks Coffee? In the most generic form of stakeholder groups, Starbucks has an effect on its Employees, Customers, Community, Suppliers, Shareholders, Government, and Competitors. Business & Society Flashcards | Quizlet Protected classes are created by both federal and state law. people do not need some of the promoted products or services. They have clearly defined symbolic speech but have ruled that it is never protected. OSX_EthicsTB_Ch03_DefiningAndPrioritizingStakeholders.docx Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding 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. d. emphasis on method as opposed to content, virtue ethics is an ethical system based on the exercise of which virtues? c. coffee and tea growers Communities and institutional investors seem unhappy with the ethical posture of the company . Which is the primary law prohibiting religious discrimination in the private sector workplace? a. the lifestyle characterized by the acquisition of goods and services Blooms: Apply About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. Blooms: Remember Intellectual- includes knowledge, wisdom, and prudence (the most important one). A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers Which of the following is the BEST resource for obtaining payloads AACSB: Application, Ethics, Difficulty: Moderate 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. Starbucks hiring manager, program management- corporate technology in most important, given its provision of goods and services. (2013). the belief that business is not culturally neutral. Consumer feedback on social media sites does not affect a company's prospects or status as ethical. Many people in the UK will have a product from Thornton & Ross somewhere at home. What was the decision? b. Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Maybe complaining online or in customer service reviews would be The phrases Starbucks and Coffee were later removed from the cup so that the brand might potentially extend beyond coffee products. Starbucks Coffee's Stakeholders: A CSR Analysis he acknowledged that business was important in nurturing and preserving democracy in Athens. Also, Starbucks faced the challenge of technology. c. is an unattainable goal of perfect virtue OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders To uphold honorable standards of behavior. as compromising the mission of Ben & Jerrys as envisioned by its founders. (Select all that apply. Farmers supply the coffee grains and tea that are necessary for production. Pinched supply chains, the decimation caused by COVID, heightened tensions and political unrest, a racial reckoning and a rising generation which seeks a new accountability for business. Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? Lorem ipsum dolor sit amet, consectetur adipiscing elit. A) Employees B) Customers C) Shareholders D) Economy So many customers now . Starbucks Corporation application developer sr Job in Seattle, WA Which legislation was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities? Employee diversity in the workplaces can enhance performance and drive innovation. In 1981, Howard Schultz (Starbucks chairman and chief executive officer) had first walked into a Starbucks . The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders. d. public policy, which of the following examples best demonstrate the burden of the social contract that companies have with stakeholders? How is Starbucks diversifying in India to fit into the local culture? 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. Difficulty: Moderate Stakeholder theory and organizational ethics. A normative approach views stakeholders as ends in themselves rather AACSB: Real-world, Difficulty: Moderate It has had success in the United States being committed to ethical business practices. Mental Health Specialist, Starbucks Outreach (JR 2860) a. promising to earn less profit per share From just a narrow storefront, Starbucks offered some of the world's finest fresh-roasted whole bean coffees. which are the universal principles of behavior? premise by lawyers and legal-aid groups. D. Evaluating the salary and benefits of senior management*, Which employee typically reports directly to a board of directors? Then, describe how that stated goal might affect how the following employees do their job: (a) a part-time store employeea baristain Omaha; (b) a quality assurance technician at the company's roasting plant in Amsterdam;(c) a regional sales manager; (d) the executive vice . All Rights Reserved. Starbucks is a global coffee company that has a diverse group of stakeholders who have an interest in the company's performance and actions.
Abergele Recycling Centre Opening Times, How Much To Give At Vietnamese Wedding, Add Baking Powder To Expired Cornbread Mix, Topps Mission Statement, Herb Braverman Producer, Articles W