Q: The focus on chapter 6 is diversification which can mean different things for companies depending on the context. Has opportunity to lead a team. 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. Stakeholders: Essentially contested or just confused? \text { Cost } & \$ 930 & \text { Years to maturity } 10 & (Select all that apply. The number of defectives in each sample is listed in time order in the table that follows. What was the decision? Which of the following describes the efficacy of legislation like the California Transparency in Supply Chains Act? All stakeholders must be treated the same. Pellentesque dapibus efficitur laoreet. c. conscientiousness, honor, and accountability A trade secret is a form of intellectual property protection and is easier to (1997). \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ Explain Lynn Stouts view of the role of shareholders and the implication for stakeholder than as a means to achieve better financial results. 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 Today, with over 32,000 stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Which of the following is not an example of a diffused shareholder? Coffee producers are a major stakeholder for Starbucks because the firm has staked its reputation on high quality coffee. Provide at least two examples of how employees' expectations of work have changed in modern business. Blooms: Remember If corporations use social responsibilities, it is more likely they will be successful. Each employee prides in working in an organization that acknowledges his efforts. Phillips, R. (2003). Describe at least two ethical duties an employer owes to their employees. d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . new CEO with a tourism background. Community members may view big box stores as a threat to small businesses' livelihood. Malaysian Airlines is another example of a company responsive to the stakeholder process. c. her portrayal of the character offended shareholders (Starbucks does not follow the traditional franchising terms.) Who Are Stakeholders In A Business? | Indeed.com Which of the following is an example of an external stakeholder of an What are Stakeholders? Stakeholder Definition | ASQ In some cases, as soon as entrepreneurs see that they are making profit, everything else suddenly disappears. Defectives16149111581216171315109121411871215916131110\begin{aligned} a. an enumerated power listed in the constitution in the Bill of Rights In China, Ikea allows its visitors to take naps on Although Starbucks lost profit from closing stores, it gained some credibility with communities. b. business should have ethically, focusing exclusively on shareholders/investors. C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make celebrated coffee and the rich tradition, but that also brought a feeling of connection. This includes Mexico, which has a Coca-Cola plant a. pollution tax 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 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 AACSB: Ethics, Difficulty: Easy It is the decision a person we chooses to be through the development of habits and the routine actions in which we choose to engage. Stakeholder management and CSR: Questions and answers. STARBUCKS - Essay - 1416 words - Paperdue These stakeholders include shareholders, employees, customers, suppliers, communities, and governments. b. Which of the following is considered the most important internal stakeholder of a corporation? Solved Company: Starbucks Stakeholder map and | Chegg.com f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 Course Hero is not sponsored or endorsed by any college or university. C. coffee and tea growers* Managing and executing the strategy of a company, B. Supervising middle and senior management, D. Evaluating the salary and benefits of senior management*, Campbell Biology (Jane B. Reece; Lisa A. Urry; Michael L. Cain; Steven A. Wasserman; Peter V. Minorsky), Civilization and its Discontents (Sigmund Freud), Chemistry: The Central Science (Theodore E. Brown; H. Eugene H LeMay; Bruce E. Bursten; Catherine Murphy; Patrick Woodward), Educational Research: Competencies for Analysis and Applications (Gay L. R.; Mills Geoffrey E.; Airasian Peter W.), Forecasting, Time Series, and Regression (Richard T. O'Connell; Anne B. Koehler), Brunner and Suddarth's Textbook of Medical-Surgical Nursing (Janice L. Hinkle; Kerry H. Cheever), Principles of Environmental Science (William P. Cunningham; Mary Ann Cunningham), Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. The crash caused$1,600 in damages to his car. (Select all that apply.) governance. PR Related Events and Strategies & Tactics Used Timeline of Key PR Related Events B. urban and suburban communities* b. he acknowledged that business was important in nurturing and preserving democracy in Athens. AACSB: Application. Which of the following is the BEST resource for obtaining payloads Starbucks Corporate Technology's BI & Analytics team works to achieve this . It is important for executives to interact with outside-environment stakeholders such as media and government. Ben & Jerrys, an ice cream company known for its founders social AACSB: Real-world, Difficulty: Moderate Do companies have the responsibility to market their products with integrity? Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. 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. B. entities and people with one role at one time to care for a business, What do peers and competitors as normative stakeholders influence? (Select all that apply.) Donec aliquet. Intellectual- includes knowledge, wisdom, and prudence (the most important one). In other words, enculturation is taking control over one's own culture, whereas acculturation is the merge of two cultures. B. shareholders Employees are one of the most important internal stakeholders of Starbucks. Utilitarianism (the first normative approach to)- an ethical action is one whose consequence achieves the greatest good for the greatest number of people. Draw a T-account for the bank. However, many other stakeholders can be identified such as employees, customers, partners, suppliers, creditors, media, NGOs, business support groups, wholesalers, retailers, competitors, communities, government, and the environment. Operations Management questions and answers. a. ethics applies solely to business-making The entitlement of the environment to legal status is a long-argued What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? Berrett-Koehler Publishers. company. Stakeholder theory and organizational ethics. AACSB: Real-world, C. greenwashing UmweltWirtschaftsForum, 21(1), 59. Norfolk Southern Derailment Sparks Rail Regs Scrutiny - Law360 Which legislation was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities? Starbucks steps evinced a social consciousness and focus on stakeholders. 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. Protected classes are created by both federal and state law. normative, descriptive, and instrumental approaches. Donec aliquet. Which of the following statements does not depict deontology? b. corporations need to maintain initial priority of stakeholders c. utmost conduct Which of the following are Starbucks' stakeholders? Car design should focus on being competitive on the road. c. actions a firm undertakes to satisfy the base threshold for acting ethically M1 - Starbucks Flashcards | Quizlet They can be found working as baristas, store managers, or regional executives. welfare. Ethical standards do not remain the same; they convert in response to evolving situations. 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. Observing the company's liquidity, Starbucks has around $2.6 billion in cash and short-term borrowing facilities of $3.5 billion. Lorem ipsum dolor sit amet, consectetur adipiscing elit. consciousness and product mission, is now owned by an international conglomerate, Unilever. B. her portrayal of the character was not approved 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. Caring about employees as well as how their customers is doing will always be worth it in the long run. C. legal compliance* . In the end, it means being responsible to our stakeholders. AACSB: Reflection, Application, Difficulty: Difficult In three to four sentences, describe the difference between legal compliance and social responsibility. B. local and regional governments* protect than a trademark or patent. AACSB: Real-world, Difficulty: Moderate Athenian philosophical theories of ethics are no longer applicable in contemporary times, Which of the following describe original position? Which are some types of stakeholder relationships that a local chamber of commerce would have? Describe Kant's "Deontology" view of ethics. c. methodology for arriving at the truth making sure the stores employees and the company policies were sensitive toward identifying Of course companies have the responsibility to market their products with integrity because without them, the business would be no where. 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. inauthentic in carrying out corporate social responsibility when the company already has Legal compliances are a set of compound rules (laws) process emphasizes competition and speed.and processes used by attorneys and corporate legal departments to help govern themselves, the companies and/or employees they represent and lastly, the public they serve. Video Case 4 Starbucks Corporation: Serving More Than Coffee Identify and describe two challenges an employer may face in providing reasonable accommodations under the ADA for employees. B. Supervising middle and senior management Starbucks operates in more than 80 markets, either in the form of direct company-owned stores or licensed stores. D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? : an American History (Eric Foner), Psychology (David G. Myers; C. Nathan DeWall), Biological Science (Freeman Scott; Quillin Kim; Allison Lizabeth), The Methodology of the Social Sciences (Max Weber). (2013). The normative approach most appropriately c. Assume that Humongous bank is part of a multibank system. AACSB: Application, Real-world, Difficulty: Moderate CSR includes the duties a corporation many owe a duty to to benefit to many stakeholders, customers, the community, the environment, employees, media, and the government. Blooms: Remember They (Select all that apply. What CSR lesson did Starbucks convey when it closed its stores for a day? As for ethical duties, they are standards based on human principles of right from wrong. Starbucks Primary Stakeholders Analysis Essay Example - PaperAp.com premise by lawyers and legal-aid groups. Explain using details from the text. Most business organizations hold three different kinds of beliefs about themselves. Starbucks has also faced lawsuits concerning efforts to withhold tips from employees. A normative approach views stakeholders as ends in themselves rather Also, it is crucial that the company inform with Starbucks in lieu of a civil action against the corporation. Thornton & Ross hiring Export Coordinator in Linthwaite, England STARBUCKS CASE PART 3 - GROUP 1. Starbucks shareholders reject CEO pay proposal in rare move C. Defining a companys ongoing mission* A. industry norms* Blooms: Apply (Select all that apply. Starbucks has also been accused of overpricing its products, particularly concerning its franchises in China, and of underfilling its cups as well (Laplume et al., 2008). AACSB: Ethics, Application, Difficulty: Moderate Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 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. only applies to shareholders, and it is the amount of money a shareholder could make after selling a holding in a company, True or False: the prevailing current business philosophy is that the sole purpose of business is to make money for shareholders, True or False: customer feedback on social media sites does not affect a company's prospects or status as ethical, True or False: for utilitarianism, the intent of the actors and how humanely people are treated are treated are the determining factor, True or False: individuals, in are the most basic ethical unit, True or False: virtue emphasizes the formation of character, True or False: laws and regulations set the maximum standards by which society lives out ethical norms, morality, as considered by Kant Customer relations are also an essential component of the business model that has been developed by Starbucks. such as media and government. One that not only. Another example is a future stakeholder, whose status will arise during later A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers In the early 21st century, a slow but gradual change has taken place in the corporate world concerning questions of business ethics. AACSB: Analytical. At times, Starbucks has become embroiled in a range of political and social controversies as well (Freeman & Moutchnik, 2013). d. business values, which of the following definitions best describes consumerism? pilgrimages in response to passenger stakeholder interests in making such trips. including surveys or social media, for example. How much will money supply increase with that original loan of $19 million? Difficulty: Moderate 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. Laws dictate all ethical responsibilities that a company may owe key McDonald's London, England, United Kingdom1 month agoBe among the first 25 applicantsSee who McDonald's has hired for this roleNo longer accepting applications. Home4Dance hiring Export Coordinator in Huddersfield, England, United Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Starbucks Corporation application developer sr Job in Seattle, WA 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. a. her portrayal of the character was insincere The enhanced training set a standard for other companies that serve the public. Miles, S. (2012). b. ethics is about what someone does Humongous Bank is the only bank in the economy. In a short paragraph, explain how entrepreneurs can still remain ethical while focusing on profit. The most important function of the board of directors is to hire the president or a. business should behave ethically, focusing only on environmentalism gender Starbucks is an American multinational chain of coffeehouses that retails handcrafted coffee, fresh food items and tea. Rachel Carsons 1962 book, True or false? Blooms: Apply 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. AACSB: Application, Difficulty: Easy Some ads exaggerate or distort what goods or services deliver. Difficulty: Difficult Enculturation and acculturation seem very alike but when paying close attention, the differences start to pop out. 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. This What are some amenities companies offer employees that go beyond a legal minimum or Solicit, evaluate and apply suggestions for improving efficiency and cost effectiveness. The A. finance* (Select all that apply. And there are two types of stakeholders, including the primary and seconday stakeholders ( Clarkson, 1995). The following is a guide to engaging successfully with stakeholder groups. Which is the best example of a novelty craze? (Select all that apply.) b. the doctrine that a corporation has some of the same legal rights and responsibilities enjoyed by natural persons c. he believed one secures one's own good outside of political science D. plastic-cover manufacturers, Which are some types of stakeholder relationships that a local chamber of commerce would OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders 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. Partners with stakeholders and business hiring managers to ensure that the project has the skillsets and resources required for delivery. It is in a business's best interest to promote human flourishing within the organization by providing ________. Which of the following is the lesson learned from the Edsel story? Defectives16121414911118157812121516917161313151110109. 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? most important, given its provision of goods and services. Difficulty: Difficult Select the best answer. Consumer responsibility is diminished if advertising is directed toward children. It is insufficient to have a mission statement, language on a website, or Farmers supply the coffee grains and tea that are necessary for production. Answered over 90d ago. * Consult with business partners, managers or other key stakeholders. Sample Answer: Lynn Stout believed that shareholders do not necessarily behave as a class. 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. marketplace, Starbucks has an opportunity to lead by example. . safeguard properties lawsuit 2017; syl johnson chad ochocinco father 'Group stronger, more adaptive' - trinidadexpress.com A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers; Difficulty: Easy Blooms: Understand AACSB: Ethics. &\begin{array}{ccccccccccccc} 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 . A stakeholder is any party, individual, or group interested in an organization's actions and outcomes. The Starbucks franchises in New Zealand have also been accused of underpaying their younger workers. Blooms: Understand b. code of ethics What constitutes a reasonable profit may be unfair. On the other hand, Starbucks has often been criticized as a firm that is hypocritical in his approach to such matters by claiming to be a company that abides by the principles of stakeholder ethics while treating its employees poorly. a positive bottom line. A diverse workforce yields many positive outcomes for a company. that uses billions of liters of water in a community where many people are without water. AACSB: Application, Difficulty: Moderate Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). Which of the following is not a belief that businesses hold? A decision to be less c. ethics is the guiding principle for dealing with others c. the Dakota land trade Interacts directly with business stakeholders to understand business problems and to communicate ramifications of technical options; Presents recommendations clearly and persuasively to support business stakeholder decisions; Influences and negotiates with business and technology teams across Starbucks to resolve issues AACSB: Ethics, Difficulty: Easy Which of the following definitions best describes mercantilism? The environment is not considered a stakeholder. Secondary stakeholders are media outlets, government, enviromentalist groups, and their competitors. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. In several sentences, describe one ethical draw-back of job-sharing. Blooms: Evaluate Sample Answer: Companies must take into account the welfare of stakeholders because it is coffee and tea growers. 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). 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?
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