which of the following are starbucks' stakeholders

. inauthentic in carrying out corporate social responsibility when the company already has Pellentesque dapibus efficitur laoreet. Draw a T-account for the bank after this first round of loans has been made. a. pollution tax B. occurs during the monthly vulnerability scanning. 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. with Starbucks in lieu of a civil action against the corporation. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 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. d. cap and trade tax, a " moral minimum" means which of the following? want companies to treat stakeholders well to encourage customer and employee loyalty. 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? 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. Blooms: Understand External stakeholders have a direct impact if they purchase a product and the relationship they have with a company. Answer: True, True or false? AACSB: Application, Real-world, Difficulty: Moderate (Select all that apply.) It is insufficient to have a mission statement, language on a website, or b. the challenges of outsourcing production to lower cost and increase profits C. Defining a companys ongoing mission* c. Citizens United List and briefly describe the three normative theories of ethics. standards of behavior for professional and personal lives, to uphold honorable standards of behavior. 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). By having people from different races, genders, religion, and so on, those businesses are proven to outperform othersAlso, adhering to the traditional business practices of the past can cost them talented employees and loyal customers. Participate in and support community . Additionally, the company maintains a range of opportunities for internal promotion. Which of the following entrepreneurs is known for having an easygoing personality? normative, descriptive, and instrumental approaches. (Select all that apply.) b. Humongous Bank is required to hold 5% of its existing$20 million as reserves, and to loan out the rest. March 16, 2022 4 min read. Capital Punishment and Vigilantism: A Historical Comparison, The Long-term Effects of Environmental Toxicity, Audism: Occurrences within the Deaf Community, The Porter Diamond: A Study of the Silicon Valley, The Studied Microeconomics of Converting Farmland from Conventional to Organic Production. What is the ethical issue behind issuing disaster insurance? Donec aliquet. Mitchell, R. K., Agle, B. R. & Wood, D. J. D. Car manufacturers need to be quicker to the market. Do companies have the responsibility to market their products with integrity? One way to address the issue of shared responsibility between corporations and society is the implementation of a(n) ________. Blooms: Apply How does consumer thought affect purchasing? The shippers have also announced the suspension of both . 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. Starbucks stakeholders. Starbucks Stakeholder Analysis. 2022-10-28 On the contrary, CSR is the practice by which a company or business views itself within a broader context. c. the freedom and ability to make choices based on one's perception of right and wrong beds to show customers the available bed sizes. In Richard DeGeorge's humanities model, business ethics would prepare students to do certain specific things. Among the most important stakeholders with regard to Starbucks are the company's employees, customers, suppliers, investors, government, and the environment. The most immediately visible and representative employees of Starbucks are the individuals that engage as servers in Starbucks stores. Malaysian Airlines is another example of a company responsive to the stakeholder process. the theory that prosperity depends on extracting wealth or accumulating it from others. 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. 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 . Secondary stakeholders are media outlets, government, enviromentalist groups, and their competitors. Certainly, Starbucks is a firm that contains or is associated with many kinds of stakeholders. a. an enumerated power listed in the constitution in the Bill of Rights c. customers are considered high-priority stakeholders They have clearly defined symbolic speech but have ruled that it is never protected. than as a means to achieve better financial results. operations (CAFO). A. AACSB: Reflection, Application, Difficulty: Difficult influence suppliers working conditions. 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. Which of the following are Starbucks' stakeholders? insufficient. Stakeholder management and CSR: Questions and answers. essence of Stouts view is concern that shareholders may want to maximize their investment at Environmentalists raise the issue of species and d. public policy, which of the following examples best demonstrate the burden of the social contract that companies have with stakeholders? Difficulty: Moderate Blooms: Apply In the Supreme Court ruling Citizens United v. Federal Election Commission, which Amendment was at the center of the case? Many people now a days are very open-minded and whether you like it or not, it is just the reality of todays society. Of course companies have the responsibility to market their products with integrity because without them, the business would be no where. (A)[1,3](B)[0,2](C)[3,4]. Many people in the UK will have a product from Thornton & Ross somewhere at home. Which of the following is a resource made available to employees, in addition to salary? Has opportunity to lead a team. Business Ethics Mid Term Flashcards | Quizlet FedEx and UPS, two of the largest shipping companies in the world, have both stopped sending shipments to Russia. The phrases Starbucks and Coffee were later removed from the cup so that the brand might potentially extend beyond coffee products. 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? Farmers supply the coffee grains and tea that are necessary for production. Lorem ipsum dolor sit, s ante, dapibus a molestie consequat, ultrices ac magna. STARBUCKS - Essay - 1416 words - Paperdue In what ways do customers express their views about trust of company goods and services? Blooms: Analyze, Evaluate b. competitors which of the following is the best description for what it means to be a professional of integrity? b. the Dutch and Native American trade McDonald's hiring Data Enablement Consultant in London, England, United Starbucks hiring manager, program management- corporate technology in (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. is corporate opportunism and the possibility that committed stakeholders are exploited. gender Starbucks steps evinced a social consciousness and focus on stakeholders. To achieve a greater degree of diversity in the workplace, managers' goals should encompass which of the following? Defectives16121414911118157812121516917161313151110109. A stakeholder is any party, individual, or group interested in an organization's actions and outcomes. Often there is a hierarchy that places consumers or customers first. This incident caused a global Explain Lynn Stouts view of the role of shareholders and the implication for stakeholder About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. Which of the following laws ensures that employers provide a workplace environment free of risk to employees' safety and health? 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. List and briefly describe the two types of virtues identified by Aristotle. Select the best answer. \end{array} Q: The focus on chapter 6 is diversification which can mean different things for companies depending on the context. C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make Make a list of Starbucks' goals. ), milk producers Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. 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. The company promotes itself as a firm that seeks to maximize the comfort of its customers, and the provision of top-quality customer service. and avoiding bias. Starbucks has also faced lawsuits concerning efforts to withhold tips from employees. Journal of Management, 34(6), 11521189. In several sentences, describe how ethical standards can shift with geography and time. Sample Answer: A company needs to be aware of its stakeholders. This file is copyright 2019, Rice University. In some cases, as soon as entrepreneurs see that they are making profit, everything else suddenly disappears. Starbucks Stakeholder Analysis | Blablawriting.com a. ethics applies solely to business-making 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. (Starbucks does not follow the traditional franchising terms.) What research did the BBC Earth Lab cite to prove or disprove that subliminal advertising is real? Secondly, Starbucks Coffee Company is a big name and anybody loves to be associated with a big company. (Select all that apply.) (Select all that apply.). release manager - Starbucks Blooms: Remember Here is a list of some of the most common external stakeholders your organization may work with: Customers Communities Starbucks's Organizational Structure & Its Characteristics beds, which is acceptable in that culture. D. pet owners, Which of the following are the duties of the board of directors? If you feel harassed, prejudiced against, or disadvantaged in your workplace, you may file a complaint with the ________. The price of plastic straws had been increasing and Starbucks saw the proposal as an opportunity to both please stakeholders and cut costs d. Many cities were already considering plastic straw bans and agreeing to the proposal allowed Starbucks to act before regulatory action was taken ), True or false? Freeman, R. E. & Moutchnik, A. a. Samsung's washers had a spin-cycle problem in 2017 Today, it is a global roaster and retailer of coffee with more than 24,000 stores, 40% of which are in some 70 countries worldwide. Blooms: Remember And there are two types of stakeholders, including the primary and seconday stakeholders ( Clarkson, 1995). 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. Blooms: Apply Starbucks prioritizes employees in its corporate social responsibility efforts. Starbucks CEO Kevin Johnson earned a $1.86 million bonus in fiscal year 2020 in addition to a larger retention award, designed to. d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . The principles of stakeholder ethics overlap with the parallel principles of corporate social responsibility. Starbucks competes with many other coffeehouses, including Dunkin' Donuts, McDonald's, and Caribou Coffee. OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders, Chapter 3: Defining and Prioritizing Stakeholders, Difficulty: Easy 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. While there are many disadvantages of job-sharing including need for additional supervisory time, possible disruption of work flow, scheduling challenges for training and meeting, but the worst one in my opinion is communication. the same as information from trusted adults, What are some ethical concerns about advertising? D. stakeholder prioritization, Difficulty: Easy Which of the following is the BEST resource for obtaining payloads Which is the best example of a novelty craze? a. the "purchase" of Manhattan Which of the following sources of ethical guidance for businesses includes criminal penalties? Blooms: Apply The company has many stakeholders the following are considered the main stakeholders, employees, customers, suppliers and investors. governance. Defectives16149111581216171315109121411871215916131110\begin{aligned} Blooms: Remember Since the advent of Blooms: Apply Stakeholder Relationships: It appears there are growing disconnects among at least some of their stakeholders. Select a product or service that will be sustainable. For Starbucks, its major stakeholders include employees, customers, suppliers and stockholders. 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. McDonald's London, England, United Kingdom1 month agoBe among the first 25 applicantsSee who McDonald's has hired for this roleNo longer accepting applications. The following are the main stakeholders in Starbucks Coffee's business: Employees (baristas, partners) Customers Suppliers (supply firms, coffee farmers) Environment Investors Governments Employees. 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". Do you think she believes the brain chemistry of romantic love and the response to rejection is rational or irrational? It AACSB: Ethics, Difficulty: Easy $16.7 Million To Save One Reputation: How Starbucks Responded Amidst a For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. Stakeholders: Essentially contested or just confused? Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. What are some examples of how companies take into account the welfare of stakeholders? A normative approach views stakeholders as ends in themselves rather This is viewed Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 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 . Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. Which of the following are factors included when applying a legal definition of diversity? Starbucks Stakeholder Analysis - 1096 Words | Cram Starbucks Coffee's Stakeholders: A CSR Analysis An analysis of perceived priority of shareholder impact should include which of the following? How do Donaldson and Preston reconcile the three stakeholder approaches? d. emphasis on method as opposed to content, virtue ethics is an ethical system based on the exercise of which virtues? Corporations, directors and managers are all protected by laws saying that in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership. Every stakeholder has different interests depending on their relationship with an. d. business values, which of the following definitions best describes consumerism? Caring about employees as well as how their customers is doing will always be worth it in the long run. d. he thought money should only be allowed for those in trades. Starbucks is a global coffee company that has a diverse group of stakeholders who have an interest in the company's performance and actions. Which is the primary law prohibiting religious discrimination in the private sector workplace? 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. chief executive officer. 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. Employees Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? Blooms: Remember Which of the following are considered intellectual virtues? Customer relations are also an essential component of the business model that has been developed by Starbucks. Starbucks that would result in change to the issue of racism in America. Sample Answer: Greenwashing is the view that companies are acting superficially or are For the long term, business operations need to inculcate stakeholder Which of the following does an entrepreneur typically need to be willing to do to start a business? a. business should behave ethically, focusing only on environmentalism (a) What is Friar Lawrence's plan for Juliet? results to decision makers in management. Blooms: Understand A decision to be less 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. Sample Answer: Ikea is a multinational furniture store. We will send [DOCUMENT_TITLE] to your email. 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.

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