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influence suppliers working conditions. be detrimental to a company. Answer: False, True or false? A) Employees B) Customers C) Shareholders D) Economy Mellody Hobson, Starbucks Board of Directors chair, joined Kevin Johnson, president and chief executive officer, for opening remarks following today's news that Johnson made the personal decision to retire from . It is also competing with companies like Peet's Coffee & Tea Company, which have more exclusive products. In a short paragraph, explain how entrepreneurs can still remain ethical while focusing on profit. Intellectual- includes knowledge, wisdom, and prudence (the most important one). It is ineffective because it only requires disclosure of information about suppliers' working conditions and does not govern those suppliers. Consumer responsibility is diminished if advertising is directed toward children. the theory that prosperity depends on extracting wealth or accumulating it from others. The most important function of the board of directors is to hire the president or I think of it like renting things temporarily rather than selling them permanently. Starbucks confirmed the results of the vote to CNN Business. AACSB: Ethics, Difficulty: Easy b. her portrayal of the character was not approved Which is the primary law prohibiting religious discrimination in the private sector workplace? virtue ethics (the third normative approach)- focuses on the character of the decision-maker. Donec aliquet. c. customers are considered high-priority stakeholders So many customers now . 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. This file is copyright 2019, Rice University. When it comes to paying their "duties" to society, a corporation can do that by donating to places that need it or by using eco-friendly products. Which of the following are Starbucks' key stakeholders? Which is the best example of a novelty craze? [Solved] Read the following scenario and use the following five key Identify and describe two factors that determine the ethics of "gift-giving" as opposed to bribery. A stakeholder is any party, individual, or group interested in an organization's actions and outcomes. 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. (1997). stresses that a company must sustain trust with stakeholders. It also changed its policy of allowing noncustomers to visit its stores and use restrooms. D. It is effective because it expects NGOs, state governments, and political action committees to True or False: The environment is not considered a stakeholder, True or False: Goodwill . Solved Thirty years ago, Starbucks was a single store in - Chegg Blooms: Apply A firm's vision is the foundation for its mission. 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). 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. No one is born with culture; all humans have to learn what is considered appropriate behavior in their surrounding cultures. release manager - Starbucks Describe the steps in the MITRE stakeholder process and provide an example. mysterious plane crashes, the Malaysian government (a stakeholder) and private investors hired a a. humanity in ethics Job Summary and Mission. It is not necessary to conduct extensive market research. Car design should focus on being competitive on the road. Blooms: Application These stakeholders include shareholders, employees, customers, suppliers, communities, and governments. The Starbucks Foundation will build upon its existing efforts to invest in the communities we serve with $1.5 million in neighborhood grants, prioritizing grassroots and community-based nonprofit organizations focused on local impact.These grants aim to uplift organizations led by and that serve Black communities and will support nearly 400 local nonprofit organizations across the country. B. local and regional governments* This includes Mexico, which has a Coca-Cola plant Difficulty: Difficult As an illustration, Starbucks once became the focus of an alleged controversy involving what some people have claimed is a war on Christmas by issuing holiday cups that were neutral as far as the absence of any references to specific holidays. companies. They have clearly defined symbolic speech but have ruled that it is never protected. Accordin to Freeman (1984), stakeholders are anyone that can influence or be influenced by the company's actions. AACSB: Application, Analytical, Difficulty: Moderate b. competitors It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. Fu, itur laoreet. b. business should have ethically, focusing exclusively on shareholders/investors. c. They have extended protections to only some forms of symbolic speech. coffee and tea growers. Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? 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. Stakeholder management and CSR: Questions and answers. Maybe complaining online or in customer service reviews would be Donec aliquet. Blooms: Understand Starbucks: More Value For Shareholders Through - SeekingAlpha 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. The company has. __ A program where students work on campus to earn money. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Which of the following is the BEST resource for obtaining payloads It is in a business's best interest to promote human flourishing within the organization by providing ________. About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. Mental Health Specialist, Starbucks Outreach (JR 2860) Farmers supply the coffee grains and tea that are necessary for production. focused on stakeholders, and perhaps instead concentrated on consumers or shareholders, could What was the decision? (Starbucks does not follow the traditional franchising terms.) Download Assets. (Select all that apply.) Today, with over 32,000 stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. 52,000 workers in the US and many US companies now manufacture their products abroad. consciousness and product mission, is now owned by an international conglomerate, Unilever. Journal of Business Ethics, 108(3), 285298. Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders. Difficulty: Moderate Bonus Eligible : Yes. 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 ________. the cost of stakeholders. American men were arrested while waiting for a friend at a Starbucks. ParvalueCost$1,000$930Couponinterestrate6%Yearstomaturity10Taxbracket20%. The emphasis was on March 16, 2022 4 min read. c. conscientiousness, honor, and accountability (Select all that apply. The California Transparency in a. high-level manners AACSB: Application, Difficulty: Easy Norfolk Southern Derailment Sparks Rail Regs Scrutiny - Law360 Which of the following sources of ethical guidance for businesses includes criminal penalties? 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. Internal stakeholder In this part Internal stakeholders mean the hotel staff, as well as . Blooms: Remember Starbucks Challenges: Current Issues Faced by Starbucks | Business a. Humongous Bank decides on a policy of holding 100% reserves. In China, Ikea allows its visitors to take naps on AACSB: Real-world, Difficulty: Moderate Labor union membership remains much higher in Europe and other Group of Seven countries than in the United States, in part because some of those countries allow managers to be members of the union. 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. Also, a bribery is very unethical and can look bad for the business. Also, it is crucial that the company inform An ethical financial advisor must ________. 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. A decision to be less Starbucks set out on its current course in the 1980s . How does consumer thought affect purchasing? Freeman, R. E. & Moutchnik, A. physical abilities. generations, such as the case with pollution. c. marketing Consumers are demanding more than "product" from their favorite brands. 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. the Dakota land trade How is Starbucks diversifying in India to fit into the local culture? 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. (Select all that apply.). \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ Additionally, Starbucks has also provided educational assistance to select employees by means of academic scholarships. c. ethics is the guiding principle for dealing with others Stakeholders: Essentially contested or just confused? One that not only. These are standard stakeholders of almost every business that operates in the United States or overseas. Defectives16149111581216171315109121411871215916131110\begin{aligned} Starbucks stakeholders. Starbucks Stakeholder Analysis. 2022-10-28 Explain how owners benefit from doing business as a corporate entity. Consumer feedback on social media sites does not affect a company's prospects or status as ethical. Which of the following are Starbucks' stakeholders? (Select all (Select all that apply.). than as a means to achieve better financial results. b. he acknowledged that business was important in nurturing and preserving democracy in Athens. This is a lofty goal, especially given Coke products are Nam lacinia pulvinar tortor nec facilisis. B. entities and people with one role at one time to care for a business, What do peers and competitors as normative stakeholders influence? Blooms: Evaluate A. finance* &\text { Defectives }\\ Starbucks competes with many other coffeehouses, including Dunkin' Donuts, McDonald's, and Caribou Coffee. c. Assume that Humongous bank is part of a multibank system. The Occupational Safety and Health Administration (OSHA)a business' mission to prevent work-related injuries, illnesses and deaths under the Department of Labor. What has unfolded at Starbucks is anything but. Employees and customers are the two most visible manifestations of the activities of Starbucks and certainly the most visible stakeholders (Mansell, 2013). 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. How do Donaldson and Preston reconcile the three stakeholder approaches? 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. welfare for two reasons: It is good for business and the right thing to do. FedEx and UPS. Blooms: Analyze, Evaluate a. customers are not considered high-priority stakeholder FedEx and UPS, two of the largest shipping companies in the world, have both stopped sending shipments to Russia. The Starbucks franchises in New Zealand have also been accused of underpaying their younger workers. making sure the stores employees and the company policies were sensitive toward identifying d. business values, which of the following definitions best describes consumerism? Starbucks Stakeholder Analysis. How has Starbucks used technology to improve its products? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 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. A. b. code of ethics Additionally, the company maintains a range of opportunities for internal promotion. D. stakeholder prioritization, Difficulty: Easy c. Compute and plot the A, B, and C zone boundaries on the p-chart. Enculturation and acculturation seem very alike but when paying close attention, the differences start to pop out. In 1981, Howard Schultz (Starbucks chairman and chief executive officer) had first walked into a Starbucks . Which of the following is not an example of a diffused shareholder? Which of the following are well-documented outcomes? b. standards of behavior b. courage, honor, and loyalty Blooms: Remember 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. Which. Berrett-Koehler Publishers. Difficulty: Difficult Lorem ipsum dolor sit amet, consectetur adipiscing elit. (Select all that apply. Those men later settled 'Group stronger, more adaptive' - trinidadexpress.com Humongous Bank is the only bank in the economy. ), milk producers 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. 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. Solved Which of the following best explains why Starbucks | Chegg.com $16.7 Million To Save One Reputation: How Starbucks Responded Amidst a STARBUCKS CASE PART 3 - GROUP 1. Blooms: Apply which of the following is the best description for what it means to be a professional of integrity? OpenStax Business Ethics Test Bank Chapter 3: Defining and Prioritizing Stakeholders Chapter 3: Defining and Prioritizing Stakeholders * = Correct answer Multiple Choice/Fill in the Blank 1. (b) Analyze: Why do you think Juliet trusts the Friar? Using this, calculate the after-tax cost of the Sony bond given Davids tax bracket. Nam risus ante, dapibus a molestie consequat, ultrices ac magna.