which of the following are starbucks' stakeholders

which of the following are starbucks' stakeholdersmicah morris golf net worth

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a. her portrayal of the character was insincere Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). Blooms: Apply How do Donaldson and Preston reconcile the three stakeholder approaches? 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. What research did the BBC Earth Lab cite to prove or disprove that subliminal advertising is real? Some ads exaggerate or distort what goods or services deliver. A. minority- and women-owned small business owners* Starbucks Stakeholder Analysis. b. the doctrine that a corporation has some of the same legal rights and responsibilities enjoyed by natural persons AACSB: Application, Analytical, Difficulty: Moderate Secondly, Starbucks Coffee Company is a big name and anybody loves to be associated with a big company. systemic ethics problems. which of the following is the best description for what it means to be a professional of integrity? C. Gather and analyze appropriate data. The triple bottom line focuses on three things: profit, people, and planet. . Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. The shippers have also announced the suspension of both . \end{aligned} On the line before each of the following words, write S for singular or P for plural. The firm issued $3 billion in bonds, taking advantage of the. In 1981, Howard Schultz (Starbucks chairman and chief executive officer) had first walked into a Starbucks . 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. Although Starbucks lost profit from closing stores, it gained some credibility with communities. Blooms: Evaluate It is important for executives to interact with outside-environment stakeholders such as media and government. Today, Starbucks hosted its 30 th annual meeting of shareholders virtually. Which of the following is an example of an external stakeholder of an organization? the belief that business is not culturally neutral. gender Explain how Ikea has had to adapt its business model in different countries. 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. Today, with over 32,000 stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. 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. 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? a. implementation of values C. Defining a companys ongoing mission* The a. the responsibility a company has regarding justice and care (Select all that apply.) focused on stakeholders, and perhaps instead concentrated on consumers or shareholders, could The most immediately visible and representative employees of Starbucks are the individuals that engage as servers in Starbucks stores. Of course companies have the responsibility to market their products with integrity because without them, the business would be no where. Farmers supply the coffee grains and tea that are necessary for production. 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. Their concerns are identified through data gathering and analysis, AACSB: Application, Difficulty: Easy How can entrepreneurs best ensure their customer-service vision is passed on to employees? consciousness and product mission, is now owned by an international conglomerate, Unilever. 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 . premise by lawyers and legal-aid groups. Laws dictate all ethical responsibilities that a company may owe key want companies to treat stakeholders well to encourage customer and employee loyalty. Which of the following is not an example of a diffused shareholder? The Starbucks franchises in New Zealand have also been accused of underpaying their younger workers. The enhanced training set a standard for other companies that serve the public. A decision to be less c. marketing Fu, itur laoreet. 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. Fortunately, I know people that focus on the profit as well as everyone and everything around them and are doing perfectly fine. Lorem ipsum dolor sit amet, consectetur adipiscing elit. * new CEO with a tourism background. Which of the following are steps in the MITRE stakeholder process? consumed by 20% of the worlds population. Starbucks Coffee Company supports its competitive advantages through the characteristics of its corporate structure. Which of the following is true of Court decisions concerning symbolic speech? Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? 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? being committed to ethical business practices. c. customers are considered high-priority stakeholders c. a business owner's protection against loss of personal assets 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. Answered over 90d ago. Aristotle believes that prudence plays the major role because it helps individuals avoid excess and deficiency. Has opportunity to lead a team. Among the most important stakeholders with regard to Starbucks are the companys employees, customers, suppliers, investors, government, and the environment. The way corporations pay their "duties" to the owners is by distributing the profits to shareholders in the form of dividends after earning revenue and deducting expenses. \end{array} Which of the following are Starbucks' stakeholders? A normative approach views stakeholders as ends in themselves rather 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. Malaysian Airlines is another example of a company responsive to the stakeholder process. Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? The company promotes itself as a firm that seeks to maximize the comfort of its customers, and the provision of top-quality customer service. c. conscientiousness, honor, and accountability d. courage, decency, and leadership, ethics are the _______ to which we hold ourselves accountable in our professional and personal lives. b. the challenges of outsourcing production to lower cost and increase profits D. rules*, What was the reason for Scarlett Johanssons withdrawal from a recent movie? stakeholders. Felix Madison has $10,000 worth of property damage insurance and a$1,000 deductible collision insurance policy. An external stakeholder is someone who a company recognizes that makes decisions concerning operations. Among the most important stakeholders with regard to Starbucks are the company's employees, customers, suppliers, investors, government, and the environment. Pay Range : $123,600- $193,200/ annually. b. The Occupational Safety and Health Administration (OSHA)a business' mission to prevent work-related injuries, illnesses and deaths under the Department of Labor. March 16, 2022 4 min read. He has the following security-related information: Parvalue$1,000Couponinterestrate6%Taxbracket20%Cost$930Yearstomaturity10\begin{array}{llll} 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 . 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. Therefore, some employees work for Starbucks to gain that status. 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 business organizations hold three different kinds of beliefs about themselves. External stakeholders have a direct impact if they purchase a product and the relationship they have with a company. physical abilities. b. code of ethics A diverse workforce yields many positive outcomes for a company. Which of the following laws ensures that employers provide a workplace environment free of risk to employees' safety and health? A. milk producers* AACSB: Ethics, Difficulty: Easy Blooms: Understand with Starbucks in lieu of a civil action against the corporation. * 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). 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. 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? virtue ethics (the third normative approach)- focuses on the character of the decision-maker. Explain Lynn Stouts view of the role of shareholders and the implication for stakeholder Enculturation refers to the process by which humans learn the rules, customs, skills, and values to participate in a society. b. ethical principles that apply everywhere despite differences in time, geography and culture Enculturation and acculturation seem very alike but when paying close attention, the differences start to pop out. We are, therefore, D. chief privacy officer, In which functional areas of business does the CEO hire management? Which of the following are Starbucks' stakeholders? Blooms: Remember Donec aliquet. Describe what type of goal each is. What CSR lesson did Starbucks convey when it closed its stores for a day? Describe Kant's "Deontology" view of ethics. The main difference between a bribe and a gift is intent. What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent. It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. What has unfolded at Starbucks is anything but. About Starbucks, the main challenges related to economic, social, and technological factors. 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. Consider Fisher's remarks in the last two paragraphs. Journal of Management, 34(6), 11521189. b. the Dutch and Native American trade Starbucks operates in more than 80 markets, either in the form of direct company-owned stores or licensed stores. (A)[1,3](B)[0,2](C)[3,4]. In the most generic form of stakeholder groups, Starbucks has an effect on its Employees, Customers, Community, Suppliers, Shareholders, Government, and Competitors. Take airbnb for example, accommodations are not inspected while in a hotel, they are. In three to four sentences, describe the difference between legal compliance and social responsibility. For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. AACSB: Ethics, Application, Difficulty: Moderate 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? 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. It is also competing with companies like Peet's Coffee & Tea Company, which have more exclusive products. Those men later settled B. urban and suburban communities* Starbucks continually emphasizes its commitment to corporate social responsibility. Blooms: Remember a. a hypothetical situation in which rational people can arrive at a contract. Donec aliquet. (Select all that apply.) c. he believed one secures one's own good outside of political science Protected classes are created by both federal and state law. Operations Management questions and answers. b. courage, honor, and loyalty This includes Mexico, which has a Coca-Cola plant Many people in the UK will have a product from Thornton & Ross somewhere at home. c. Assume that Humongous bank is part of a multibank system. d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . Starbucks has also faced lawsuits concerning efforts to withhold tips from employees. 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. Berrett-Koehler Publishers. So many customers now . AACSB: Ethics, Difficulty: Easy This file is copyright 2019, Rice University. Answered over 90d ago. Job Summary and Mission. Laplume, A., Karan, S. & Litz, R. (2008). Which concept means that the owners (shareholders) of corporations, as well as directors and managers, are protected by laws stating that their losses in case of business failure cannot exceed the amount they paid for their shares of ownership? Sample Answer: Greenwashing is the view that companies are acting superficially or are Media While a power-interest grid is usually used to determine the key stakeholders of a business on an ongoing basis, it can also be used to focus on key aspects of a short-term challenge or situation. Blooms: Remember Partners with stakeholders and business hiring managers to ensure that the project has the skillsets and resources required for delivery. b. Humongous Bank is required to hold 5% of its existing$20 million as reserves, and to loan out the rest. AACSB: Real-world, Difficulty: Moderate 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. Which seven-step guidelines are designed to help organizations with compliance and reporting? Answer: True, True or false? (b) Analyze: Why do you think Juliet trusts the Friar? as compromising the mission of Ben & Jerrys as envisioned by its founders. a. high-level manners a. pollution tax . He had a tire blowout while driving and crashed into a $1,400 fire hydrant. Blooms: Apply Which of the following are Starbucks' stakeholders? AACSB: Ethics, Application. b. globalization Caring about employees as well as how their customers is doing will always be worth it in the long run. Which insurance covers the damage to the fire hydrant? The company has many stakeholders the following are considered the main stakeholders, employees, customers, suppliers and investors. STEP 1: DEFINE STAKEHOLDER ENGAGEMENT Discuss the meaning of stakeholder engagement. D. dining/food service, Which of the following are stakeholders? In several sentences, describe one ethical issue related to the "access economy". Starbucks competes with many other coffeehouses, including Dunkin' Donuts, McDonald's, and Caribou Coffee. One big issue access economy has is lack of regulations, especially when it comes to overseeing the products and services exchanged during the transaction. chief executive officer. Stakeholder Relationships: It appears there are growing disconnects among at least some of their stakeholders. d. Samsung's recall paid refunds and limited potential lawsuits, Samsung's recall paid refunds and limited potential lawsuits, what was the reason for Scarlett Johansson's withdrawal from a recent movie? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 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. Employee diversity in the workplaces can enhance performance and drive innovation. One that not only. 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. 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. 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. 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. Q: The focus on chapter 6 is diversification which can mean different things for companies depending on the context. d. cap and trade tax, a " moral minimum" means which of the following? 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. a. ethics applies solely to business-making A. her portrayal of the character was insincere c. coffee and tea growers AACSB: Real-world, C. greenwashing deontology (the second approach)- to examine the means, or actions, we use to carry out a business decision and suggests that it is the means that lend nobility to the ends. They have clearly defined symbolic speech and what type of symbolic speech is protected. a. consumerism Many baristas have eventually become managers and worked their way up into higher positions within management (Mitchell, Agle, & Wood, 1997). 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 ________. Phillips, R. (2003). c. the Dakota land trade &\begin{array}{ccccccccccccc} Do companies have the responsibility to market their products with integrity? d. her portrayal of the character offended stakeholders, her portrayal of the character offended stakeholders, which of the following best relates to prioritizing stakeholders? c. her portrayal of the character offended shareholders Freeman is best known for his work on stakeholder theory and business ethics, in which he suggests that businesses build their strategy around their relationships with key stakeholders. 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. 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. Which of the following statements does not depict deontology? 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. Financial Analysis of PUMA and Nike, Inc. Starbucks Stakeholders: Employees and Customers. How much will money supply increase with that original loan of $19 million? Lorem ipsum dolo, ac, dictum vitae odio. C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make Its normal and keeps things interesting in my opinion. AACSB: Analytical, Difficulty: Moderate b. competitors According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Observing the company's liquidity, Starbucks has around $2.6 billion in cash and short-term borrowing facilities of $3.5 billion. Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit. Difficulty: Moderate insufficient. Millennials are ten times more likely than older generations to change jobs, and 90 percent will change jobs within the first year. B. her portrayal of the character was not approved 35.Deconfliction is necessary when the penetration test: A. determines that proprietary information is being stored in cleartext. B. amenities* EEOC (Equal Employment Opportunity Commission)Employees are legally protected from employment discrimination on the basis of that characteristic. &\text { Defectives }\\ At times, Starbucks has become embroiled in a range of political and social controversies as well (Freeman & Moutchnik, 2013). Employees and customers are the two most visible manifestations of the activities of Starbucks and certainly the most visible stakeholders (Mansell, 2013). Explain using details from the text. C. coffee and tea growers* results to decision makers in management. C. legislatures Kroger take into account their suppliers, which include farmers. Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? 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? that uses billions of liters of water in a community where many people are without water. There are dedicated sites Rachel Carsons 1962 book, True or false? 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. Journal of Business Ethics, 108(3), 285298. What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? including surveys or social media, for example. Supply Chains Act also implicates the welfare of stakeholders. Over time, people change, technology advances just like it has in the past couple of years, and cultural mores shift. Answer: False, True or false? Select the best answer. Lorem ipsum dolor sit amet, consectetur adipiscing elit. How does a corporation prioritize stakeholder claims? Which of the following is an example of an external stakeholder of an organization? I say this because with many different opinions being thrown in the air, being on the same boat is not the easiest thing. Quality Glossary Definition: Stakeholder. If those entrepreneurs have good morals, it will come natural and it will show. After Donec aliquet. Course Hero is not sponsored or endorsed by any college or university. 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? Blooms: Apply B. local and regional governments* 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. They Competitors are one of the most significant external stakeholders of Starbucks. Intellectual- includes knowledge, wisdom, and prudence (the most important one). 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? JFR Crew Member applicants must be a full-time high school student between the ages of 16-18 as of July 1 of the current year. It is important for executives to interact with outside-environment stakeholders AACSB: Application, Difficulty: Easy Cambridge: Cambridge University Press. A. Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . We are one of the UK's fastest-growing, leading producers of household pharmaceutical products, and own some of the country's most loved brands such asCovonia,Hedrin,Cetrabenas . c. methodology for arriving at the truth Which of the following are well-documented outcomes? How is Starbucks diversifying in India to fit into the local culture? What constitutes a reasonable profit may be unfair. Answer: False, True or false? Sample Answer: Ikea is a multinational furniture store. Ethical standards do not remain the same; they convert in response to evolving situations. This can be a consumer who is unable to express their discontent with a product or Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. d. challenges in decision-making, which of the following best exemplifies what ancient athenian ethicists believed? (Select all that apply. Henry Ford must operate Ford Motor Company primarily to maximize profit for its shareholders. d. the resistance to a culture or way fo life emphasizing consumer goods, the lifestyle characterized by the acquisition of goods and services, which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. Also, it is crucial that the company inform beds to show customers the available bed sizes. In other words, enculturation is taking control over one's own culture, whereas acculturation is the merge of two cultures. 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. Accordin to Freeman (1984), stakeholders are anyone that can influence or be influenced by the company's actions. 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. Consumer responsibility is diminished if advertising is directed toward children. d. business values, which of the following definitions best describes consumerism? Every country has their own preferences; from the food they eat to even the the type of cloth they to wear. To construct a p-chart for a manufacturing process, 25 samples of size 200 were drawn from the process. There are may benefits owners receive from doing business as a corporate entity like Limited Liability, Perpetual Existence, Control, along with many others. Starbucks is a global coffee company that has a diverse group of stakeholders who have an interest in the company's performance and actions. 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. b. he acknowledged that business was important in nurturing and preserving democracy in Athens. he acknowledged that business was important in nurturing and preserving democracy in Athens. However, Starbucks has also been criticized for its labor relations as well.

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