It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. 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 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. A decision to be less Starbucks' primary business is running a quick service restaurant chain with a coffeeshop model. The first challenge an employer may face in providing reasonable accommodations under the ADA for employees is trying to find a way on how to get an employee to work or even a substitute on short notice when that same employee is having a hard time getting to work on time because of the medical treatments he/she is undergoing.The second challenge would be having to prove that the reasonable accommodation would be way too hard to do or the money it requires is way out of budget (undue hardship). A. entities and people invested and influential in the success of an organization* stakeholders. M1 - Starbucks Flashcards | Quizlet beds to show customers the available bed sizes. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. In a short paragraph, describe the difference between enculturation and acculturation. 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. b. Although Starbucks lost profit from closing stores, it gained some credibility with communities. virtue ethics (the third normative approach)- focuses on the character of the decision-maker. Kroger take into account their suppliers, which include farmers. In the Supreme Court ruling Citizens United v. Federal Election Commission, which Amendment was at the center of the case? Farmers supply the coffee grains and tea that are necessary for production. Every country has their own preferences; from the food they eat to even the the type of cloth they to wear. good for business and the right thing to do from an ethical standpoint. e. They have not directly addressed the matter of symbolic speech. Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? How are Ben & Jerrys and Coca-Cola respective examples of greenwashing? Starbucks-CASE-3- Group-4 - STARBUCKS CASE PART 3 - StuDocu Therefore, some employees work for Starbucks to gain that status. c. conscientiousness, honor, and accountability From just a narrow storefront, Starbucks offered some of the world's finest fresh-roasted whole bean coffees. ), how to distribute resources fairly and evenly Sample Answer: A company needs to be aware of its stakeholders. 100 %. safeguard properties lawsuit 2017; syl johnson chad ochocinco father c. humanistic business model The company has. 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? Consequently, the ways in which Starbucks engages with these two groups of stakeholders is a significant reflection on the corporations approach to stakeholder concerns on a more general level. Answer: False, True or false? c. Assume that Humongous bank is part of a multibank system. 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. Government of Alberta hiring JFR Crew Member in Alberta, Canada | LinkedIn 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. people do not need some of the promoted products or services. P3-1. c. Samsung assumed the risk of exposure and picked up the washers Starbucks stakeholders. Starbucks Stakeholder Analysis. 2022-10-28 For the fiscal year 2022, group revenue increased by 55 per cent to $1.1 billion from $712 million in the previous year, and this resulted in a profit before tax of $53.7 million compared to a . which of the following is the best description for what it means to be a professional of integrity? AACSB: Application, Difficulty: Easy Which concept holds that workers should be paid on the basis of the value of their job to the organization? Employees are dissatisfied with the trust they receive from management and are seeking "representation" through unions. "Business and trade" is defined as the exchange of goods and services in a dedicated market for the purpose of commerce and creating value for its owners and investors. the importance of companies considering the priority of such parties. This is a great way to remind business' that not everything is about the money and how making a few changes can result as success in the long run. What is the ethical issue behind issuing disaster insurance? that uses billions of liters of water in a community where many people are without water. Blooms: Application a. customers are not considered high-priority stakeholder (Select all that apply.) Often there is a hierarchy that places consumers or customers first. a. he viewed those outside economic and political circles as virtuous (Select all that apply.) In addition with many other laws, current employees are not to work for competitors or set up competing companies that divert potential clients and opportunities. (a) What is Friar Lawrence's plan for Juliet? . In Richard DeGeorge's humanities model, business ethics would prepare students to do certain specific things. STARBUCKS CASE PART 3 - GROUP 1. b. the challenges of outsourcing production to lower cost and increase profits Today, Starbucks hosted its 30 th annual meeting of shareholders virtually. Summary Of Experience Journal of Business Ethics, 108(3), 285298. Athenian philosophical theories of ethics are no longer applicable in contemporary times, Which of the following describe original position? (1997). premise by lawyers and legal-aid groups. d. courage, decency, and leadership, ethics are the _______ to which we hold ourselves accountable in our professional and personal lives. Defence Equipment & Support (DE&S) hiring Senior Cost Estimator in Answer: True, True or false? and avoiding bias. &\begin{array}{ccccccccccccc} \end{array} What constitutes a reasonable profit may be unfair. 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. Message from Howard Schultz: On the Future of Starbucks 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). The main difference between a bribe and a gift is intent. Blooms: Remember (Select all that apply.). It also changed its policy of allowing noncustomers to visit its stores and use restrooms. Enculturation refers to the process by which humans learn the rules, customs, skills, and values to participate in a society. Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding c. the theory that global wealth is static and prosperity comes from wealth through extraction This is a lofty goal, especially given Coke products are 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. Which of the following is an example of an external stakeholder of an organization? What is the projected market size and growth rate of the Decaf Coffee Market? Which of the following is not a belief that businesses hold? 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 of the following is considered the most important internal stakeholder of a corporation? Establish trust. Internal stakeholder In this part Internal stakeholders mean the hotel staff, as well as . a. humanity in ethics A diverse workforce yields many positive outcomes for a company. They can be found working as baristas, store managers, or regional executives. This is viewed The images of smoldering tank cars, plumes of thick black smoke and a charred rural Ohio town reeling from the fiery Feb. 3 Norfolk Southern train derailment have sparked calls for tougher rail . 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? D. compensation. $16.7 Million To Save One Reputation: How Starbucks Responded Amidst a Which insurance covers the damage to the fire hydrant? 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. Consumers support big box stores that offer quality goods and reasonable prices, Which of the following are Starbucks' stakeholders? most important, given its provision of goods and services. Which corporations have pulled out of Russia since its invasion of c. They have extended protections to only some forms of symbolic speech. In the most generic form of stakeholder groups, Starbucks has an effect on its Employees, Customers, Community, Suppliers, Shareholders, Government, and Competitors. In the end, it means being responsible to our stakeholders. \text { Cost } & \$ 930 & \text { Years to maturity } 10 & Solicit, evaluate and apply suggestions for improving efficiency and cost effectiveness. Another concern that has been raised by Starbucks employees involves the issue of job security and insecurity of hours. 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. Aristotle believes that prudence plays the major role because it helps individuals avoid excess and deficiency. 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. Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. C. Defining a companys ongoing mission* 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. A company must identify and How much will money supply increase with that original loan of $19 million? B. occurs during the monthly vulnerability scanning. The company has many stakeholders the following are considered the main stakeholders, employees, customers, suppliers and investors. the cost of stakeholders. D. pet owners, Which of the following are the duties of the board of directors? Secondary stakeholders are media outlets, government, enviromentalist groups, and their competitors. long-term dialogue to inform the companys decision making and as a core component of its 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? For Starbucks, its major stakeholders include employees, customers, suppliers and stockholders. Which of the following are Starbucks' stakeholders? Which. Solved Thirty years ago, Starbucks was a single store in - Chegg 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. Also, Starbucks faced the challenge of technology. 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? Mental Health Specialist, Starbucks Outreach (JR 2860) As for ethical duties, they are standards based on human principles of right from wrong. Furthermore, there is It is not necessary to conduct extensive market research. Starbucks operates in more than 80 markets, either in the form of direct company-owned stores or licensed stores. 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. 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. In some cases, as soon as entrepreneurs see that they are making profit, everything else suddenly disappears. b. globalization Deontology is often regarded as a "here and now" philosophy. A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent. extensive pool of talent. Answer: False, True or false? Ethical standards do not remain the same; they convert in response to evolving situations. c. business should behave ethically, being responsible to all stakeholders Many people now a days are very open-minded and whether you like it or not, it is just the reality of todays society. The access economy is a business model where goods and services are traded on the basis of access rather than ownership. 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 crash caused$1,600 in damages to his car. Berrett-Koehler Publishers. (Select all that apply. Blooms: Apply C. remuneration Stakeholders To contribute to sustainable development inside a d. embraces freedom and a sense of divinity, the advantage of justice theory over other ethical systems is its In what ways do customers express their views about trust of company goods and services? d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . results to decision makers in management. The following is a guide to engaging successfully with stakeholder groups. 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. ), Local governments are seeking to institute tax advantages to attract business competition. d. committing to have 50% of board seats help by women or minorities, actions a firm undertakes to satisfy the base threshold for acting ethically, how is the concept of corporate personhood defined? Humongous Bank is the only bank in the economy. ), True or false? 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. Which of the following is a resource made available to employees, in addition to salary? which are the universal principles of behavior? Thornton & Ross hiring Export Coordinator in Linthwaite, England Explain using details from the text. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Has opportunity to lead a team. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Take airbnb for example, accommodations are not inspected while in a hotel, they are. In 1968, Securities and Exchange Commission v. Texas Gulf Sulphur Co. implicated the employees of a Texas mining company and was the first famous case example of ________. Which of the following is NOT considered to be a stakeholder? A uproar. Which of the following is the BEST resource for obtaining payloads The triple bottom line focuses on three things: profit, people, and planet. Those men later settled Enculturation and acculturation seem very alike but when paying close attention, the differences start to pop out. a. U.S. jurisprudence Develop or acquire assets and skills needed to implement the strategy. AACSB: Application, Difficulty: Easy B. urban and suburban communities* Which of the following is not an example of a stakeholder? A) Political 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). Large corporations such as A. industry norms* A. minority- and women-owned small business owners* 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. Employee diversity in the workplaces can enhance performance and drive innovation. Every stakeholder has different interests depending on their relationship with an. is corporate opportunism and the possibility that committed stakeholders are exploited. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. ), positive customer experiences C. legal compliance* On the line before each of the following words, write S for singular or P for plural. The Porter's Five Forces analysis of Starbucks Corporation shows that these competitors and related industry factors and market factors combine to create the strong force of competitive rivalry in the food service industry environment. a. Samsung's washers had a spin-cycle problem in 2017 The principles of stakeholder ethics overlap with the parallel principles of corporate social responsibility. a. implementation of values a hypothetical situation in which rational people can arrive at a contract. What CSR lesson did Starbucks convey when it closed its stores for a day? Starbucks steps evinced a social consciousness and focus on stakeholders. Some ads exaggerate or distort what goods or services deliver. C. environmental agencies Difficulty: Difficult a. Humongous Bank decides on a policy of holding 100% reserves. The number of defectives in each sample is listed in time order in the table that follows. Consider Fisher's remarks in the last two paragraphs. AACSB: Reflection, Application, Difficulty: Difficult physical abilities. ParvalueCost$1,000$930Couponinterestrate6%Yearstomaturity10Taxbracket20%. pilgrimages in response to passenger stakeholder interests in making such trips. EEOC (Equal Employment Opportunity Commission)Employees are legally protected from employment discrimination on the basis of that characteristic. Starbucks: Not A Well-Conceived CEO Succession Plan - SeekingAlpha D. plastic-cover manufacturers, Which are some types of stakeholder relationships that a local chamber of commerce would Q: The focus on chapter 6 is diversification which can mean different things for companies depending on the context. A. wages Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. governance. 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. AACSB: Ethics, Difficulty: Easy Lorem ipsum dolor sit, s ante, dapibus a molestie consequat, ultrices ac magna. Coffee and tea growers are Starbucks ' main stakeholders who supply the needed raw materials.
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