Do companies have the responsibility to market their products with integrity? To achieve a greater degree of diversity in the workplace, managers' goals should encompass which of the following? stakeholder needs. Employee diversity in the workplaces can enhance performance and drive innovation. Solved Company: Starbucks Stakeholder map and | Chegg.com the risk of stakeholder displeasure and critique, which could result in bad publicity for a Which of the following are Starbucks' stakeholders? ), milk producers The mayor's wife often___ to the front of church on Sunday to show off her expensive, new clothes. Also, a bribery is very unethical and can look bad for the business. which of the following is the best description for what it means to be a professional of integrity? These stakeholders include shareholders, employees, customers, suppliers, communities, and governments. \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ Which. Starbucks hiring project manager, sr - Business Operations(DAIBO) in be detrimental to a company. c. the theory that global wealth is static and prosperity comes from wealth through extraction According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? Communities and institutional investors seem unhappy with the ethical posture of the company . normative, descriptive, and instrumental approaches. OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? Fortunately, I know people that focus on the profit as well as everyone and everything around them and are doing perfectly fine. Starbucks Develop or acquire assets and skills needed to implement the strategy. The emphasis was on In several sentences, describe one ethical draw-back of job-sharing. This incident caused a global 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 . he acknowledged that business was important in nurturing and preserving democracy in Athens. Which of the following is not an example of a diffused shareholder? Summary Of Experience This includes Mexico, which has a Coca-Cola plant As for ethical duties, they are standards based on human principles of right from wrong. Employees Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? Blooms: Understand 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. Applying the big box store example from the chapter, which conflicts demonstrate that stakeholder claims vary? Most business organizations hold three different kinds of beliefs about themselves. C. coffee and tea growers* This is a lofty goal, especially given Coke products are If you feel harassed, prejudiced against, or disadvantaged in your workplace, you may file a complaint with the ________. c. her portrayal of the character offended shareholders b. applying U.S. law regarding child labor globally Starbucks's Mission Statement & Vision Statement (An Analysis) I say this because with many different opinions being thrown in the air, being on the same boat is not the easiest thing. What is the responsibility of the producer and the consumer? Ability to create, manage and deliver Workday reports and Dashboards for different stakeholder groups; Experience of managing and support of Operational changes such as re-organisations, identifying impacts on Workday; Experienced with internal and external audits, able to demonstrate a positive improvement approach They have clearly defined symbolic speech and what type of symbolic speech is protected. \end{array} "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. Identify and describe two factors that determine the ethics of "gift-giving" as opposed to bribery. 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. Nam lacinia pulvinar tortor nec facilisis. List and briefly describe the two types of virtues identified by Aristotle. d. he thought money should only be allowed for those in trades. and avoiding bias. Sample Answer: In May 2018, Starbucks closed its stores after an incident in which two African (Select all that apply.) Nam lacinia pulvinar tortor nec facilisis. Too Short! Starbucks Corporation - Press Releases - Financial Releases (Select all that apply. 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. b. ethics is about what someone does Employees are one of the most important internal stakeholders of Starbucks. Ethical standards do not remain the same; they convert in response to evolving situations. this is an example of.. AACSB: Application, Real-world, Difficulty: Moderate Blooms: Remember C. Defining a companys ongoing mission* Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). 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? For ex. 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? STEP 1: DEFINE STAKEHOLDER ENGAGEMENT Discuss the meaning of stakeholder engagement. STARBUCKS CASE PART 3 - GROUP 1. \end{aligned} Environmentalists raise the issue of species and which are the universal principles of behavior? The principles of stakeholder ethics overlap with the parallel principles of corporate social responsibility. The environment is not considered a stakeholder. The number of defectives in each sample is listed in time order in the table that follows. Which insurance covers the damage to the fire hydrant? b. corporations need to maintain initial priority of stakeholders C. legislatures 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). &\begin{array}{ccccccccccccc} Sample Answer: Lynn Stout believed that shareholders do not necessarily behave as a class. d. embraces freedom and a sense of divinity, the advantage of justice theory over other ethical systems is its b. Samsung's warned customers that the machines could tip over Those men later settled FedEx and UPS. His expertise also extends to areas such as leadership, corporate responsibility and business strategy. Donec aliquet. How are Ben & Jerrys and Coca-Cola respective examples of greenwashing? 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. 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 ________. b. standards of behavior Many people in the UK will have a product from Thornton & Ross somewhere at home. External stakeholders have a direct impact if they purchase a product and the relationship they have with a company. c. customers are considered high-priority stakeholders Managing and executing the strategy of a company welfare for two reasons: It is good for business and the right thing to do. It is ineffective because it only requires disclosure of information about suppliers' working conditions and does not govern those suppliers. a. the responsibility a company has regarding justice and care 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. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Starbucks shareholders reject CEO pay proposal in rare move Starbucks Stakeholder Analysis | Blablawriting.com In China, Ikea allows its visitors to take naps on Which intellectual, emotional, and social human trait affects all decision-making, including ethical decisions? a positive bottom line. Enculturation and acculturation seem very alike but when paying close attention, the differences start to pop out. Community members may view big box stores as a threat to small businesses' livelihood. 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. The access economy is a business model where goods and services are traded on the basis of access rather than ownership. 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. Rachel Carsons 1962 book, True or false? A company must identify and Describe what type of goal each is. Explain Lynn Stouts view of the role of shareholders and the implication for stakeholder AACSB: Application, Difficulty: Easy Which of the following are Starbucks' stakeholders? A trade secret is a form of intellectual property protection and is easier to even perhaps industry standards? Blooms: Apply Starbucks continually emphasizes its commitment to corporate social responsibility. 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. b. 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? Principles and Purpose: A Statement on Stakeholders Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . focused on stakeholders, and perhaps instead concentrated on consumers or shareholders, could Nam risus ante, dapibus a molestie consequat, ultrices ac magna. The main reason for forming a corporation is to limit the liability of the owners. Sample Answer: Companies must take into account the welfare of stakeholders because it is the belief that business is not culturally neutral. Blooms: Evaluate Difficulty: Difficult Stakeholders To contribute to sustainable development inside a The two complaints most frequently filed with the Equal Employment Opportunity Commission, which strives to eliminate racial, gender, and religious discrimination in the workplace, are sexual harassment and racial harassment. Find the absolute maximum and minimum, if either exists, for each function on the indicated intervals. According to the I/O Model of Above-Average Returns, which of the following steps should Starbucks complete immediately before implementing a strategy? Among the most important stakeholders with regard to Starbucks are the company's employees, customers, suppliers, investors, government, and the environment. Customers still enjoy the product and yet competition is growing. Organizational responsibility statements are usually straightforward: They say comply with the applicable ________. b. her portrayal of the character was not approved Who Are Stakeholders In A Business? | Indeed.com Solicit, evaluate and apply suggestions for improving efficiency and cost effectiveness. AACSB: Application, Difficulty: Easy B. local and regional governments* d. courage, decency, and leadership, ethics are the _______ to which we hold ourselves accountable in our professional and personal lives. service, for example. 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. Financial Analysis of PUMA and Nike, Inc. Starbucks Stakeholders: Employees and Customers. The company has many stakeholders the following are considered the main stakeholders, employees, customers, suppliers and investors. 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. essence of Stouts view is concern that shareholders may want to maximize their investment at D. stakeholder prioritization, Difficulty: Easy Certainly, Starbucks is a firm that contains or is associated with many kinds of stakeholders. gender The firm issued $3 billion in bonds, taking advantage of the. AACSB: Application, Difficulty: Moderate D. Car manufacturers need to be quicker to the market. After B. amenities* \end{array} If those entrepreneurs have good morals, it will come natural and it will show. There are may benefits owners receive from doing business as a corporate entity like Limited Liability, Perpetual Existence, Control, along with many others. Sample Answer: A company needs to be aware of its stakeholders. Draw a T-account for the bank. d. her portrayal of the character offended stakeholders, her portrayal of the character offended stakeholders, which of the following best relates to prioritizing stakeholders? 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? It is not necessary to conduct extensive market research. D. Present information to the board of directors. Which of the following is an example of an external stakeholder of an organization? Sample Answer: Customers are articulate about their views of a company. 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. 12 & 14 & 11 & 8 & 7 & 12 & 15 & 9 & 16 & 13 & 11 & 10 & Starbucks set out on its current course in the 1980s . Top things to know about Starbucks 2022 shareholders meeting About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. For the coffee producers, Starbucks' position with regards to their needs can have a tremendous impact on the ways in which other coffee purchasers treat them as well. Culture and ethics cannot be separated, because ethical norms have been established over time by, and make sense to, people who share the same background, language, and customs. Starbucks prioritizes employees in its corporate social responsibility efforts. Phillips, R. (2003). * Speaking at the annual shareholders meeting in . Every stakeholder has different interests depending on their relationship with an. A decision to be less Starbucks: Not A Well-Conceived CEO Succession Plan - SeekingAlpha Pellentesque dapibus efficitur laoreet. Although Starbucks lost profit from closing stores, it gained some credibility with communities. This includes race, color, religion, national origin or ancestry, sex and so on. Starbucks Stakeholder Analysis - 1096 Words | Cram The coffee farmers supply coffee to Starbucks. A. chief legal officer b. globalization 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. AACSB: Ethics, Application, Difficulty: Moderate 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. c. the freedom and ability to make choices based on one's perception of right and wrong governance. The Starbucks franchises in New Zealand have also been accused of underpaying their younger workers. Which of the following does an entrepreneur typically need to be willing to do to start a business? 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?