Which of the following are Starbucks' key stakeholders? Starbucks confirmed the results of the vote to CNN Business. Which of the following is not a belief that businesses hold? d. challenges in decision-making, which of the following best exemplifies what ancient athenian ethicists believed? Do companies have the responsibility to market their products with integrity? An analysis of perceived priority of shareholder impact should include which of the following? What is the ethical issue behind issuing disaster insurance? c. actions a firm undertakes to satisfy the base threshold for acting ethically f(x)=x48x2+16, (A)[1,3](B)[0,2](C)[3,4](A)\ [-1,3]\qquad (B)\ [0,2]\qquad (C)\ [-3,4] 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. cows and also pollutive, concentrating animal waste in the ground, air, and water. Blooms: Apply 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. A diverse workforce yields many positive outcomes for a company. Thus, Ikea changed in response to consumer Starbucks primary stakeholders are their employees, customers, shareholders, investors, suppliers, coffee farmers, local communities, and other business partners. b. corporations need to maintain initial priority of stakeholders and avoiding bias. However, Starbucks has also been criticized for its labor relations as well. A. c. the theory that global wealth is static and prosperity comes from wealth through extraction c. he believed one secures one's own good outside of political science There is a growing recognition of the need for corporate accountability. C. Defining a companys ongoing mission* Starbucks steps evinced a social consciousness and focus on stakeholders. P3-1. 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. Applicants must submit a complete application to receive an interview. Starbucks is opening small cafes half the size of existing cafes. Bonus Eligible : Yes. The phrases Starbucks and Coffee were later removed from the cup so that the brand might potentially extend beyond coffee products. D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? All stakeholders must be treated the same. mysterious plane crashes, the Malaysian government (a stakeholder) and private investors hired a companies that intentionally keep hours at less than 29 to avoid more costly regulations like the ACA companies. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. For example, some Starbucks employees have joined labor unions and become involved with lawsuits against the firm over such issues as back pay, withheld wages, wrongful termination, and union-busting activities that included retaliation against employees that were involved in union-related activities (Phillips, 2003). 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. Berrett-Koehler Publishers. welfare. Environmentalists raise the issue of species and Select the best answer. C. Gather and analyze appropriate data. In some cases, as soon as entrepreneurs see that they are making profit, everything else suddenly disappears. Starbucks operates in more than 80 markets, either in the form of direct company-owned stores or licensed stores. being committed to ethical business practices. (Select all that apply. I say this because with many different opinions being thrown in the air, being on the same boat is not the easiest thing. C. coffee and tea growers* Blooms: Understand How much will money supply increase with that original loan of $19 million? 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 which are the universal principles of behavior? represents ethical stakeholder theory. C. her portrayal of the character offended shareholders In 1981, Howard Schultz (Starbucks chairman and chief executive officer) had first walked into a Starbucks . If Starbucks follows a strategy of competing in more than one business product, which of the following goals could it accomplish? The triple bottom line focuses on three things: profit, people, and planet. Which of the following is the lesson learned from the Edsel story? d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . * C. chief executive officer* Starbucks continually emphasizes its commitment to corporate social responsibility. Enacted in 1966, which of the following laws is the most important U.S. law forbidding cruelty to animals in laboratory settings? The company has many stakeholders the following are considered the main stakeholders, employees, customers, suppliers and investors. 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. people do not need some of the promoted products or services. MANGMT 4970 EXAM 1 (QUIZ QUESTIONS & CONCEPTS), Allen Cognitive Levels (ACL) & Allen Diagnost, CompTia A+ 220-1001 Core 1 Certification Prac, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Service Management: Operations, Strategy, and Information Technology, Information Technology Project Management: Providing Measurable Organizational Value. The environment is not considered a stakeholder. A. entities and people invested and influential in the success of an organization* Laplume, A., Karan, S. & Litz, R. (2008). b. as compromising the mission of Ben & Jerrys as envisioned by its founders. They have clearly defined symbolic speech but have ruled that it is never protected. Which are some types of stakeholder relationships that a local chamber of commerce would have? c. methodology for arriving at the truth 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. (Select all that apply.) (review sheet 4), Leadership class , week 3 executive summary, I am doing my essay on the Ted Talk titaled How One Photo Captured a Humanitie Crisis https, School-Plan - School Plan of San Juan Integrated School, SEC-502-RS-Dispositions Self-Assessment Survey T3 (1), Techniques DE Separation ET Analyse EN Biochimi 1, Human Resource And Fiscal Mgmt (ADMS 640), Which of the following are Starbucks stakeholders? Why does a Kantian view typically not govern most management decisions? beds to show customers the available bed sizes. social media, they are apt to speak up about their customer experience. One big issue access economy has is lack of regulations, especially when it comes to overseeing the products and services exchanged during the transaction. Journal of Business Ethics, 108(3), 285298. such as Yelp where customers share their good and bad experiences. We are, therefore, Felix Madison has $10,000 worth of property damage insurance and a$1,000 deductible collision insurance policy. Consumers support big box stores that offer quality goods and reasonable prices, Which of the following are Starbucks' stakeholders? Its normal and keeps things interesting in my opinion. Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding They can be found working as baristas, store managers, or regional executives. Which of the following does an entrepreneur typically need to be willing to do to start a business? In several sentences, describe one ethical draw-back of job-sharing. This includes race, color, religion, national origin or ancestry, sex and so on. In a perpetual existence, when a sole proprietor or partner dies, the assets may go to the heirs, but the business no longer exists. with Starbucks in lieu of a civil action against the corporation. 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. The entitlement of the environment to legal status is a long-argued Which of the following statements does not depict deontology? Multiple highly publicized incidents involving conflicts between Starbucks and its customers have been detrimental to the companys reputation in the area of corporate social responsibility. For Starbucks, its major stakeholders include employees, customers, suppliers and stockholders. Blooms: Apply Managing and executing the strategy of a company d. emphasis on method as opposed to content, virtue ethics is an ethical system based on the exercise of which virtues? Those men later settled a. community Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . The crash caused$1,600 in damages to his car. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. b. courage, honor, and loyalty Another concern that has been raised by Starbucks employees involves the issue of job security and insecurity of hours. Mitchell, R. K., Agle, B. R. & Wood, D. J. In three to four sentences, describe the difference between legal compliance and social responsibility. Blooms: Remember The principles of stakeholder ethics overlap with the parallel principles of corporate social responsibility. C. legislatures Operations Management questions and answers. For the long term, business operations need to inculcate stakeholder (promenades; tarries). and China, for example, by adapting to local cultural norms. Blooms: Apply 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. Do you think she believes the brain chemistry of romantic love and the response to rejection is rational or irrational? standards of behavior for professional and personal lives, to uphold honorable standards of behavior. Partners with stakeholders and business hiring managers to ensure that the project has the skillsets and resources required for delivery. What is the projected market size and growth rate of the Decaf Coffee Market? (a) What is Friar Lawrence's plan for Juliet? Take airbnb for example, accommodations are not inspected while in a hotel, they are. The most important function of the board of directors is to hire the president or 52,000 workers in the US and many US companies now manufacture their products abroad. a. implementation of values Customers still enjoy the product and yet competition is growing. U.S. firms and their employees are allowed to use bribery in other countries if allowed by local legal and cultural differences. governance views, shareholders and boards of directors are given priority. Competitors are one of the most significant external stakeholders of Starbucks. Blooms: Application 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 . marketplace, Starbucks has an opportunity to lead by example. Identify shareholders. Speaking at the annual shareholders meeting in . How does a corporation prioritize stakeholder claims? c. a business owner's protection against loss of personal assets Lorem ipsum dolor sit amet, consectetur adipiscing elit. c. utmost conduct A normative approach views stakeholders as ends in themselves rather pilgrimages in response to passenger stakeholder interests in making such trips. A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent. The airline is now focused on promoting Muslim B. her portrayal of the character was not approved On the contrary, CSR is the practice by which a company or business views itself within a broader context. If you feel harassed, prejudiced against, or disadvantaged in your workplace, you may file a complaint with the ________. 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? Quality Glossary Definition: Stakeholder. A. milk producers* AACSB: Analytical, Difficulty: Moderate normative, descriptive, and instrumental approaches. c. Assume that Humongous bank is part of a multibank system. Ben & Jerrys, an ice cream company known for its founders social Large corporations such as urban and suburban communities About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Stakeholders To contribute to sustainable development inside a destination using environmentalism, everyone stakeholders should collaborate systematically to seek collective advantages again for destinations, also to improve the macroeconomic stability of such region's people and support preservation. The three Starbucks founders had two things in common: they were all coming from academia, and they all loved coffee and tea. 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 . AACSB: Analytical. From just a narrow storefront, Starbucks offered some of the world's finest fresh-roasted whole bean coffees. business and sustainability strategies. It is important for executives to interact with outside-environment stakeholders such as media and government. stakeholders. 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. Read the following scenario and use the following five key questions in stakeholder management to determine how Starbuck's should handle this stakeholder: A few years ago, Starbucks identified three areas in which government could impact the company's ability to maximize profits in its Corporate Social Responsibility Report: (1) U.S. Tax . b. standards of behavior AACSB: Application, Difficulty: Easy (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. Pellentesque dapibus efficitur laoreet. AACSB: Real-world, Difficulty: Moderate Athenian philosophical theories of ethics are no longer applicable in contemporary times, Which of the following describe original position? (1997). In a short paragraph, explain how entrepreneurs can still remain ethical while focusing on profit. Donec aliquet. Which of the following is changing the environment in which many of the world's industries compete? AACSB: Application, Real-world, Difficulty: Moderate A. D. dining/food service, Which of the following are stakeholders? Donec aliquet. 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. d. embraces freedom and a sense of divinity, the advantage of justice theory over other ethical systems is its Difficulty: Moderate A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers; Difficulty: Easy Blooms: Understand AACSB: Ethics. a positive bottom line. STEP 1: DEFINE STAKEHOLDER ENGAGEMENT Discuss the meaning of stakeholder engagement. Kroger take into account their suppliers, which include farmers. Donec aliquet. the importance of companies considering the priority of such parties. To construct a p-chart for a manufacturing process, 25 samples of size 200 were drawn from the process. The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders. &\text { Defectives }\\ be detrimental to a company. Blooms: Apply Download Assets. It must determine which are The following is a guide to engaging successfully with stakeholder groups. D. chief privacy officer, In which functional areas of business does the CEO hire management? gender 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. (Select all that apply. Enculturation refers to the process by which humans learn the rules, customs, skills, and values to participate in a society.
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