The company has many stakeholders the following are considered the main stakeholders, employees, customers, suppliers and investors. Blooms: Remember Identify and describe two factors that determine the ethics of "gift-giving" as opposed to bribery. Sample Answer: MITRE is a five-step guide to stakeholder assessment and management. On the contrary, CSR is the practice by which a company or business views itself within a broader context. a. leads people to treat others as a means to an end a. an enumerated power listed in the constitution in the Bill of Rights Aristotle believes that prudence plays the major role because it helps individuals avoid excess and deficiency. Blooms: Apply Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). A company must identify and 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 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. 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. This file is copyright 2019, Rice University. They can affect how successful Starbucks is by doing their job and providing inputs into decisions that go into creating products and services that customers want. 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. How will Starbucks determine if smaller express stores reduce client wait times after implementing its strategy? ), Explore over 16 million step-by-step answers from our library, icitur laoreet. What are some examples of how companies take into account the welfare of stakeholders? Starbucks' Stakeholders: Employees and Customers In the Supreme Court ruling Citizens United v. Federal Election Commission, which Amendment was at the center of the case? And there are two types of stakeholders, including the primary and seconday stakeholders ( Clarkson, 1995). The entitlement of the environment to legal status is a long-argued 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? The international standard providing guidance on social responsibility, called ISO 26000, defines a stakeholder as an "individual or group that has an interest in any decision or activity of an organization." Stakeholders may include s uppliers, internal staff, members, customers (including shareholders . Which of the following is especially important for developing and maintaining employee loyalty to the brand? Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? celebrated coffee and the rich tradition, but that also brought a feeling of connection. b. the Dutch and Native American trade 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? a. milk producers marketplace, Starbucks has an opportunity to lead by example. Norfolk Southern Derailment Sparks Rail Regs Scrutiny - Law360 operations (CAFO). Starbucks Case (1).pdf - Applying Carney to Starbucks Which of the following is not an example of a diffused shareholder? AACSB: Application, Analytical, Difficulty: Moderate The crash caused$1,600 in damages to his car. What are some amenities companies offer employees that go beyond a legal minimum or About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. Cross), Give Me Liberty! Maintain strategic stakeholder engagement by working alongside fellow Project Delivery teams, Senior Management and your customers delivery lead/function to identify strategic issues; Oversee the quality assurance of estimates or model within the function to ensure they are fit for purpose Which of the following is the lesson learned from the Edsel story? c. methodology for arriving at the truth which are the universal principles of behavior? The three Starbucks founders had two things in common: they were all coming from academia, and they all loved coffee and tea. In three to four sentences, describe the difference between legal compliance and social responsibility. The shippers have also announced the suspension of both . Nam lacinia pulvinar tortor nec facilisis. 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. pilgrimages in response to passenger stakeholder interests in making such trips. Starbucks-CASE-3- Group-4 - STARBUCKS CASE PART 3 - StuDocu B. government liaison/lobbying director A decision to be less c. the theory that global wealth is static and prosperity comes from wealth through extraction Consumer feedback on social media sites does not affect a company's prospects or status as ethical. Freeman, R. E. & Moutchnik, A. d. cap and trade tax, a " moral minimum" means which of the following? From just a narrow storefront, Starbucks offered some of the world's finest fresh-roasted whole bean coffees. The traditional approach to business ethics that has been championed by many corporate leaders echoes the sentiments of the late Nobel Laureate economist Milton Friedman, who famously stated that corporations ultimately have no ethic responsibilities other than to increase the value of the corporation for shareholders. Starbucks key stakeholders. Starbucks Stakeholder Analysis. 2022-11-17 * It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. Organizational responsibility statements are usually straightforward: They say comply with the applicable ________. Starbucks Coffee's Stakeholders: A CSR Analysis such as media and government. Technical Product Manager - API Gateway - Starbucks Coffee The mayor's wife often___ to the front of church on Sunday to show off her expensive, new clothes. 100 %. Which of the following is not a belief that businesses hold? The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders. uproar. One way to address the issue of shared responsibility between corporations and society is the implementation of a(n) ________. The environment is not considered a stakeholder. 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. Do companies have the responsibility to market their products with integrity? The firm issued $3 billion in bonds, taking advantage of the. It is important for executives to interact with outside-environment stakeholders 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. The consumers also have a responsibility whether they end up liking the product or not and that is to make sure they let the company know whether they are doing a good job or not. Shippers. The number of defectives in each sample is listed in time order in the table that follows. 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. Starbucks stakeholders. Starbucks Stakeholder Analysis. 2022-10-28 There are also organizations. c. utmost conduct c. Citizens United normative, descriptive, and instrumental approaches. 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. Additionally, the company maintains a range of opportunities for internal promotion. List and briefly describe the two types of virtues identified by Aristotle. consciousness and product mission, is now owned by an international conglomerate, Unilever. This About Starbucks, the main challenges related to economic, social, and technological factors. even perhaps industry standards? b. McDonald's hiring Data Enablement Consultant in London, England, United Having theoretical approaches to stakeholders highlights In some cases, as soon as entrepreneurs see that they are making profit, everything else suddenly disappears. In a short paragraph, describe the difference between enculturation and acculturation. Has opportunity to lead a team. B. Yet there Enculturation and acculturation seem very alike but when paying close attention, the differences start to pop out. A diverse workforce yields many positive outcomes for a company. Their concerns are identified through data gathering and analysis, a. implementation of values Accordin to Freeman (1984), stakeholders are anyone that can influence or be influenced by the company's actions. business and sustainability strategies. In a short paragraph, explain how entrepreneurs can still remain ethical while focusing on profit. Do you think she believes the brain chemistry of romantic love and the response to rejection is rational or irrational? __ A program where students work on campus to earn money. 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. d. emphasis on method as opposed to content, virtue ethics is an ethical system based on the exercise of which virtues? which of the following are starbucks' stakeholders Some prioritization is particular to f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 The California Transparency in Fu, itur laoreet. B. local and regional governments* Sample Answer: In May 2018, Starbucks closed its stores after an incident in which two African &\begin{array}{ccccccccccccc} b. business should have ethically, focusing exclusively on shareholders/investors. Home4Dance hiring Export Coordinator in Huddersfield, England, United that uses billions of liters of water in a community where many people are without water. b. carbon tax want companies to treat stakeholders well to encourage customer and employee loyalty. Sample Answer: Ikea is a multinational furniture store. Some ads exaggerate or distort what goods or services deliver. (b) Analyze: Why do you think Juliet trusts the Friar? AACSB: Real-world, Difficulty: Moderate Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. If those entrepreneurs have good morals, it will come natural and it will show. a. humanity in ethics All stakeholders must be treated the same. Enacted in 1966, which of the following laws is the most important U.S. law forbidding cruelty to animals in laboratory settings? Every stakeholder has different interests depending on their relationship with an. AACSB: Application, Ethics, Difficulty: Moderate B. amenities* In several sentences, describe one ethical issue related to the "access economy". Henry Ford must operate Ford Motor Company primarily to maximize profit for its shareholders. Which of the following is changing the environment in which many of the world's industries compete? 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. Enculturation refers to the process by which humans learn the rules, customs, skills, and values to participate in a society. In China, Ikea allows its visitors to take naps on Using this, calculate the after-tax cost of the Sony bond given Davids tax bracket.
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