which of the following are starbucks' stakeholders

Blooms: Remember C. legislatures In other words, enculturation is taking control over one's own culture, whereas acculturation is the merge of two cultures. OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders, Chapter 3: Defining and Prioritizing Stakeholders, Difficulty: Easy d. business values, which of the following definitions best describes consumerism? Suppose that they do, and receive something completely different than what was shown on the market, do you think they will keep buying from that place? Yet there Starbucks confirmed the results of the vote to CNN Business. Financial Analysis of PUMA and Nike, Inc. Starbucks Stakeholders: Employees and Customers. Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? Sample Answer: A company needs to be aware of its stakeholders. d. Corporate personhood, what is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? A. b. he acknowledged that business was important in nurturing and preserving democracy in Athens. For example, an employee has to do what the manager tells them to do because that is what they were taught their entire life, to respect authority figures. AACSB: Application, Difficulty: Moderate Consumers are demanding more than "product" from their favorite brands. Nam lacinia pulvinar tortor nec facilisis. Every stakeholder has different interests depending on their relationship with an. The environment is not considered a stakeholder. AACSB: Application, Difficulty: Easy d. he thought money should only be allowed for those in trades. a. the responsibility a company has regarding justice and care Stakeholder theory: Reviewing a theory that moves us. a. pollution tax As for ethical duties, they are standards based on human principles of right from wrong. b. globalization Sample Answer: Greenwashing is the view that companies are acting superficially or are AACSB: Ethics, Difficulty: Easy The main reason for forming a corporation is to limit the liability of the owners. c. coffee and tea growers 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. We are, therefore, Which of the following are steps in the MITRE stakeholder process? Starbucks' primary business is running a quick service restaurant chain with a coffeeshop model. Global store sales increased 20% year-over-year, led by a strong 22% average increase in sales across all North American stores. There is a common agreement among the public that corporate directors have a duty to maximize corporate profits and shareholder value, even if this means skirting ethical rules. Stakeholders To contribute to sustainable development inside a destination using environmentalism, everyone stakeholders should collaborate systematically to seek collective advantages again for destinations, also to improve the macroeconomic stability of such region's people and support preservation. 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. 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. Blooms: Apply Explain the difference between the legal and ethical duties of a corporation. Starbucks Stakeholder Analysis. Speaking at the annual shareholders meeting in . Starbucks steps evinced a social consciousness and focus on stakeholders. The airline is now focused on promoting Muslim Which of the following are Starbucks' stakeholders? Consumers support big box stores that offer quality goods and reasonable prices, Which of the following are Starbucks' stakeholders? 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. * 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. Blooms: Analyze, Evaluate In the early 21st century, a slow but gradual change has taken place in the corporate world concerning questions of business ethics. Fortunately, I know people that focus on the profit as well as everyone and everything around them and are doing perfectly fine. 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 . b. applying U.S. law regarding child labor globally A bribe is given with either an explicit or implied expectation of return that will benefit your business while a gift is given without any expectation of return and does not benefit your business. Utilitarianism (the first normative approach to)- an ethical action is one whose consequence achieves the greatest good for the greatest number of people. A. chief legal officer The people in this economy have $20 million in money, and they deposit all their money in Humongous Bank. In Richard DeGeorge's humanities model, business ethics would prepare students to do certain specific things. What constitutes a reasonable profit may be unfair. Download Assets. Which of the following are Starbucks' stakeholders? List and briefly describe the two types of virtues identified by Aristotle. mysterious plane crashes, the Malaysian government (a stakeholder) and private investors hired a Defectives16149111581216171315109121411871215916131110\begin{aligned} b. Sarbanes-Oxley 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. be detrimental to a company. c. a business owner's protection against loss of personal assets 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. However, Starbucks has also been criticized for its labor relations as well. You will work with relevant stakeholders and the Head of Asset & Configuration Management to implement and support processes that ensure the effective governance, controls and integrity . How does a corporation prioritize stakeholder claims? To uphold honorable standards of behavior. a positive bottom line. C. environmental agencies Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? The Occupational Safety and Health Administration (OSHA)a business' mission to prevent work-related injuries, illnesses and deaths under the Department of Labor. operations (CAFO). Malaysian Airlines is another example of a company responsive to the stakeholder process. Pellentesque dapibus efficitur laoreet. Every country has their own preferences; from the food they eat to even the the type of cloth they to wear. The company has. Stakeholder Relationships: It appears there are growing disconnects among at least some of their stakeholders. If those entrepreneurs have good morals, it will come natural and it will show. A) Employees B) Customers C) Shareholders D) Economy In the end, it means being responsible to our stakeholders. Managing and executing the strategy of a company, B. Supervising middle and senior management, D. Evaluating the salary and benefits of senior management*, Campbell Biology (Jane B. Reece; Lisa A. Urry; Michael L. Cain; Steven A. Wasserman; Peter V. Minorsky), Civilization and its Discontents (Sigmund Freud), Chemistry: The Central Science (Theodore E. Brown; H. Eugene H LeMay; Bruce E. Bursten; Catherine Murphy; Patrick Woodward), Educational Research: Competencies for Analysis and Applications (Gay L. R.; Mills Geoffrey E.; Airasian Peter W.), Forecasting, Time Series, and Regression (Richard T. O'Connell; Anne B. Koehler), Brunner and Suddarth's Textbook of Medical-Surgical Nursing (Janice L. Hinkle; Kerry H. Cheever), Principles of Environmental Science (William P. Cunningham; Mary Ann Cunningham), Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. (Select all that apply. a. the lifestyle characterized by the acquisition of goods and services Employees are one of the most important internal stakeholders of Starbucks. A diverse workforce yields many positive outcomes for a company. ), Local governments are seeking to institute tax advantages to attract business competition. c. Assume that Humongous bank is part of a multibank system. Which of the following is changing the environment in which many of the world's industries compete? Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. * In three to four sentences, describe the difference between legal compliance and social responsibility. want companies to treat stakeholders well to encourage customer and employee loyalty. They need to develop sustainable sources of quality beans. (Select all that apply.). 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Partners with stakeholders and business hiring managers to ensure that the project has the skillsets and resources required for delivery. From just a narrow storefront, Starbucks offered some of the world's finest fresh-roasted whole bean coffees. An analysis of perceived priority of shareholder impact should include which of the following? c. media Starbucks that would result in change to the issue of racism in America. In 1981, Howard Schultz (Starbucks chairman and chief executive officer) had first walked into a Starbucks . Thornton & Ross, part of the Stada group, are one of the UK's fastest-growing, leading producers of household pharmaceutical products & own some of the country's most loved brands such as Covonia, Hedrin, Cetraben as well as the leading disinfectant Zoflora. Additionally, Starbucks has also provided educational assistance to select employees by means of academic scholarships. Answer: False, True or false? 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. long-term dialogue to inform the companys decision making and as a core component of its 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 C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make AACSB: Real-world, C. greenwashing (2013). Starbucks has also faced lawsuits concerning efforts to withhold tips from employees. Rachel Carsons 1962 book, True or false? governance views, shareholders and boards of directors are given priority. The most important function of the board of directors is to hire the president or Also, a bribery is very unethical and can look bad for the business. Also, it is crucial that the company inform Blooms: Apply Blooms: Remember Of course companies have the responsibility to market their products with integrity because without them, the business would be no where. 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 ensures that a company is engaging in sound ethical practices and policies in accordance with the company's culture and mission, above and beyond any mandatory legal standards. If Starbucks follows a strategy of competing in more than one business product, which of the following goals could it accomplish? If corporations use social responsibilities, it is more likely they will be successful. C. her portrayal of the character offended shareholders The number of defectives in each sample is listed in time order in the table that follows. Blooms: Understand His expertise also extends to areas such as leadership, corporate responsibility and business strategy. Which is the best example of a recent company crisis caused by poor leadership? A lot of business' only focus on how much profit or loss their company has when they should also take into account on how their employees are doing and on the impact their business has on the economy. (Select all that apply. A. entities and people invested and influential in the success of an organization* Blooms: Evaluate How do Donaldson and Preston reconcile the three stakeholder approaches? 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? Which insurance covers the damage to the fire hydrant? Ben & Jerrys, an ice cream company known for its founders social Difficulty: Difficult \end{array} Applicants must submit a complete application to receive an interview. The company promotes itself as a firm that seeks to maximize the comfort of its customers, and the provision of top-quality customer service. 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. Farmers supply the coffee grains and tea that are necessary for production. Caring about employees as well as how their customers is doing will always be worth it in the long run. In a short paragraph, explain how entrepreneurs can still remain ethical while focusing on profit. companies. Certainly, Starbucks is a firm that contains or is associated with many kinds of stakeholders. stakeholder needs. Establish trust. good for business and the right thing to do from an ethical standpoint. Stakeholders: Essentially contested or just confused? Defectives16121414911118157812121516917161313151110109. Quality Glossary Definition: Stakeholder. The entitlement of the environment to legal status is a long-argued Course Hero is not sponsored or endorsed by any college or university. What has unfolded at Starbucks is anything but. An external stakeholder is someone who a company recognizes that makes decisions concerning operations. Which of the following statements does not depict deontology? This incident caused a global Blooms: Analyze A firm's vision is the foundation for its mission. Some prioritization is particular to company. Acculturation refers specifically to the cultural transmission and socialization process that stems from cultural exchange. 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. Laplume, A., Karan, S. & Litz, R. (2008). (A)[1,3](B)[0,2](C)[3,4]. d. plastic-cover manufacturers, milk producers, Urban and suburban communities, coffee and tea growers, which of the following is not stakeholder of a nonprofit business? 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. (Select all that apply. 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). and China, for example, by adapting to local cultural norms. In a short paragraph, describe the difference between enculturation and acculturation. While Starbucks has demonstrated some level of commitment to the principles of Starbucks regarding labor relations and employee retention, it is also clear that certain problems remain as well. Which of the following definitions best describes mercantilism? Sample Answer: Ikea is a multinational furniture store. (Select all that apply.) d. public policy, which of the following examples best demonstrate the burden of the social contract that companies have with stakeholders? 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. a. high-level manners 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. he acknowledged that business was important in nurturing and preserving democracy in Athens. d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . Consumer feedback on social media sites does not affect a company's prospects or status as ethical. a. Samsung's washers had a spin-cycle problem in 2017 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. \end{aligned} For example, some Starbucks employees have joined labor unions and become involved with lawsuits against the firm over such issues as back pay, withheld wages, wrongful termination, and union-busting activities that included retaliation against employees that were involved in union-related activities (Phillips, 2003). About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. cows and also pollutive, concentrating animal waste in the ground, air, and water. This is viewed . being committed to ethical business practices. To achieve a greater degree of diversity in the workplace, managers' goals should encompass which of the following? a. ethics applies solely to business-making The three Starbucks founders had two things in common: they were all coming from academia, and they all loved coffee and tea. An ethical financial advisor must ________. companies that intentionally keep hours at less than 29 to avoid more costly regulations like the ACA a. promising to earn less profit per share For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 Starbucks primary stakeholders are their employees, customers, shareholders, investors, suppliers, coffee farmers, local communities, and other business partners. How will Starbucks determine if smaller express stores reduce client wait times after implementing its strategy? We will send [DOCUMENT_TITLE] to your email. D. dining/food service, Which of the following are stakeholders? Entrepreneurs can still remain ethical while focusing on profit because they can't afford to have people disliking them as well as creating drama. It is ineffective because it only requires disclosure of information about suppliers' working conditions and does not govern those suppliers. D. It is effective because it expects NGOs, state governments, and political action committees to Certainly, programs of these kinds that have been maintained by Starbucks have been beneficial to some employees and are consistent with the principles of stakeholder ethics. It is in a business's best interest to promote human flourishing within the organization by providing ________. Select the best answer. From the beginning, Starbucks set out to be a different kind of company. Solicit, evaluate and apply suggestions for improving efficiency and cost effectiveness. What is the responsibility of the producer and the consumer? In a perpetual existence, when a sole proprietor or partner dies, the assets may go to the heirs, but the business no longer exists. The way corporations pay their "duties" to the owners is by distributing the profits to shareholders in the form of dividends after earning revenue and deducting expenses. d. emphasis on method as opposed to content, virtue ethics is an ethical system based on the exercise of which virtues? people do not need some of the promoted products or services. Business ethics exists on which of the following three levels? represents ethical stakeholder theory. b. Humongous Bank is required to hold 5% of its existing$20 million as reserves, and to loan out the rest. B. What CSR lesson did Starbucks convey when it closed its stores for a day? Why does a Kantian view typically not govern most management decisions? Athenian philosophical theories of ethics are no longer applicable in contemporary times, Which of the following describe original position? This button displays the currently selected search type. normative, descriptive, and instrumental approaches. B. Supervising middle and senior management D. pet owners, Which of the following are the duties of the board of directors? discrepancy is stark. CAFOs are condemned by animal rights activists as being harmful to the Blooms: Remember essence of Stouts view is concern that shareholders may want to maximize their investment at To construct a p-chart for a manufacturing process, 25 samples of size 200 were drawn from the process. training. * C. legal compliance* Deontology is often regarded as a "here and now" philosophy. 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? Building a trust with your customers through marketing is very important and I say this because first impressions determine whether or not a person will decide to buy your product. Job Summary and Mission. Sample Answer: MITRE is a five-step guide to stakeholder assessment and management. a. community Which of the following are Starbucks' stakeholders? C. remuneration I say this because with many different opinions being thrown in the air, being on the same boat is not the easiest thing. protect than a trademark or patent. How can you explain the range of mixed economies in the world? Summary. Henry Ford must operate Ford Motor Company primarily to maximize profit for its shareholders. B. urban and suburban communities* c. the freedom and ability to make choices based on one's perception of right and wrong \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ Mansell, S. (2013). It is important for executives to interact with outside-environment stakeholders On the contrary, CSR is the practice by which a company or business views itself within a broader context. welfare for two reasons: It is good for business and the right thing to do. Blooms: Apply AACSB: Application, Ethics, Difficulty: Moderate c. marketing c. the Dakota land trade Starbucks then took the step to close its thousands of US stores to conduct racial bias 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. What research did the BBC Earth Lab cite to prove or disprove that subliminal advertising is real? Thus, Ikea changed in response to consumer 100 %. 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. Intellectual- includes knowledge, wisdom, and prudence (the most important one). Supply Chains Act also implicates the welfare of stakeholders. Explain an employee's common law duty of loyalty to their employer. local, state, national, and international laws and regulations. Q: The focus on chapter 6 is diversification which can mean different things for companies depending on the context. focused on stakeholders, and perhaps instead concentrated on consumers or shareholders, could What is the ethical issue behind issuing disaster insurance? which of the following is the best description for what it means to be a professional of integrity? Another example is a future stakeholder, whose status will arise during later

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