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 Enacted in 1966, which of the following laws is the most important U.S. law forbidding cruelty to animals in laboratory settings? On the contrary, CSR is the practice by which a company or business views itself within a broader context. Explain an employee's common law duty of loyalty to their employer. A company must identify and AACSB: Real-world, Difficulty: Easy people do not need some of the promoted products or services. AACSB: Application, Analytical, Difficulty: Moderate What CSR lesson did Starbucks convey when it closed its stores for a day? A common law or principle stating that officers, directors, and managers of a corporation are not liable for losses incurred when the evidence demonstrates that decisions were reasonable and made in good faith is known as ________. c. her portrayal of the character offended shareholders (A)[1,3](B)[0,2](C)[3,4]. As for ethical duties, they are standards based on human principles of right from wrong. this is an example of.. Which of the following statements does not depict deontology? No.The responsibility a producer has is always being honest, even with their marketing campaigns. d. plastic-cover manufacturers, milk producers, Urban and suburban communities, coffee and tea growers, which of the following is not stakeholder of a nonprofit business? which are the universal principles of behavior? 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? Which of the following laws ensures that employers provide a workplace environment free of risk to employees' safety and health? Nam lacinia pulvinar tortor nec facilisis. What are some amenities companies offer employees that go beyond a legal minimum or It is important for executives to interact with outside-environment stakeholders From just a narrow storefront, Starbucks offered some of the world's finest fresh-roasted whole bean coffees. a. he viewed those outside economic and political circles as virtuous Since the advent of If those entrepreneurs have good morals, it will come natural and it will show. : 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). (Select all that apply. Consumer responsibility is diminished if advertising is directed toward children. b. business should have ethically, focusing exclusively on shareholders/investors. Has opportunity to lead a team. pilgrimages in response to passenger stakeholder interests in making such trips. In the case of Dodge v. Ford Motor Company, the Michigan Supreme Court ruled in favor of shareholder primacy. Journal of Business Ethics, 108(3), 285298. How does consumer thought affect purchasing? Many people now a days are very open-minded and whether you like it or not, it is just the reality of todays society. Car design should focus on being competitive on the road. The crash caused$1,600 in damages to his car. 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. c. customers are considered high-priority stakeholders represents ethical stakeholder theory. This can be a consumer who is unable to express their discontent with a product or Which of the following are well-documented outcomes? a. the lifestyle characterized by the acquisition of goods and services want companies to treat stakeholders well to encourage customer and employee loyalty. 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. OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders Which of the following is a resource made available to employees, in addition to salary? Which of the following are factors included when applying a legal definition of diversity? simply advertising. Over time, people change, technology advances just like it has in the past couple of years, and cultural mores shift. This includes Mexico, which has a Coca-Cola plant Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . a. Humongous Bank decides on a policy of holding 100% reserves. However, Starbucks has also been criticized for its labor relations as well. Misunderstanding and lack of communication tend to happen even more. Nam lacinia pulvinar tortor nec facilisis. It also changed its policy of allowing noncustomers to visit its stores and use restrooms. a. leads people to treat others as a means to an end the cost of stakeholders. c. methodology for arriving at the truth Pellentesque dapibus efficitur laoreet. For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. A. wages 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. Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? Starbucks's Organizational Structure & Its Characteristics The main difference between a bribe and a gift is intent. A. Starbucks CEO Kevin Johnson earned a $1.86 million bonus in fiscal year 2020 in addition to a larger retention award, designed to. insufficient. Business ethics exists on which of the following three levels? STARBUCKS CASE PART 3 - GROUP 1. Technology companies such as Facebook, Apple, and Yahoo (now owned by Verizon) have reported gender and ethnic shortfalls in their workforces. D. dining/food service, Which of the following are stakeholders? 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? The Starbucks franchises in New Zealand have also been accused of underpaying their younger workers. How can entrepreneurs best ensure their customer-service vision is passed on to employees? Answer: False, True or false? \end{array} c. ethics is the guiding principle for dealing with others AACSB: Application, Difficulty: Difficult 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. Who are the stakeholders of Starbucks Coffee? uproar. 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. Secondary stakeholders are media outlets, government, enviromentalist groups, and their competitors. 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. Operations Management questions and answers. A firm's vision is the foundation for its mission. &\text { Defectives }\\ (Select all that apply.) welfare for two reasons: It is good for business and the right thing to do. Ben & Jerrys, an ice cream company known for its founders social 12 & 14 & 11 & 8 & 7 & 12 & 15 & 9 & 16 & 13 & 11 & 10 & Make a list of Starbucks' goals. Corporations, directors and managers are all protected by laws saying that in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership. The environment is not considered a stakeholder. Nam lacinia pulvinar tortor nec facilisis. It must determine which are C. remuneration ), True or false? They need to develop sustainable sources of quality beans. Blooms: Apply which are the universal principles of behavior? For Starbucks, its major stakeholders include employees, customers, suppliers and stockholders. A. her portrayal of the character was insincere Starbucks shareholders reject CEO pay proposal in rare move (2013). B. government liaison/lobbying director The airline is now focused on promoting Muslim most important, given its provision of goods and services. 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. Blooms: Understand B. amenities* According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? Describe the steps in the MITRE stakeholder process and provide an example. b. Sarbanes-Oxley (Select all that apply.) Kroger take into account their suppliers, which include farmers. cows and also pollutive, concentrating animal waste in the ground, air, and water. Capitalism, corporations and the social contract: A critique of stakeholder theory. 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 stakeholder needs. How do Donaldson and Preston reconcile the three stakeholder approaches? true or false: 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. Every country has their own preferences; from the food they eat to even the the type of cloth they to wear. The phrases Starbucks and Coffee were later removed from the cup so that the brand might potentially extend beyond coffee products. Which are some types of stakeholder relationships that a local chamber of commerce would have? premise by lawyers and legal-aid groups. Which insurance covers the damage to the fire hydrant? d. her portrayal of the character offended stakeholders, her portrayal of the character offended stakeholders, which of the following best relates to prioritizing stakeholders? Develop or acquire assets and skills needed to implement the strategy. Examples Of Verizon Stakeholders - 818 Words | Internet Public Library An employee who works in the graphic design department of a large advertising agency most likely cannot moonlight after business hours for a friend's ________. Deontology is often regarded as a "here and now" philosophy. 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. One that not only. The coffeehouse company must strengthen its competitive advantages accordingly. Starbucks is opening small cafes half the size of existing cafes. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Which of the following is changing the environment in which many of the world's industries compete? 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. PR Related Events and Strategies & Tactics Used Timeline of Key PR Related Events c. environmental tax Describe what type of goal each is. Donec aliquet. 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? In some 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 . 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 . To uphold honorable standards of behavior. His expertise also extends to areas such as leadership, corporate responsibility and business strategy. Today, Starbucks hosted its 30 th annual meeting of shareholders virtually. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Video Case 4 Starbucks Corporation: Serving More Than Coffee How is Starbucks diversifying in India to fit into the local culture? Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? being committed to ethical business practices. 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Their concerns are identified through data gathering and analysis, (a) What is Friar Lawrence's plan for Juliet? AACSB: Application, Difficulty: Easy 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. Employees are dissatisfied with the trust they receive from management and are seeking "representation" through unions. discrepancy is stark. Draw a T-account for the bank. Which of the following is the BEST resource for obtaining payloads Principles and Purpose: A Statement on Stakeholders Starbucks Competitors: Top 3 Starbucks Rivals - Investopedia What Are Internal And External Stakeholders In Starbucks? A normative approach views stakeholders as ends in themselves rather Environmentalists raise the issue of species and They have clearly defined symbolic speech but have ruled that it is never protected. Which of the following is the lesson learned from the Edsel story? Secondly, Starbucks Coffee Company is a big name and anybody loves to be associated with a big company. Humongous Bank is the only bank in the economy. Shippers. Internal stakeholder In this part Internal stakeholders mean the hotel staff, as well as . This is a lofty goal, especially given Coke products are Another concern that has been raised by Starbucks employees involves the issue of job security and insecurity of hours. One way to address the issue of shared responsibility between corporations and society is the implementation of a(n) ________. 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. From the beginning, Starbucks set out to be a different kind of company. AACSB: Ethics, Difficulty: Easy Although Starbucks lost profit from closing stores, it gained some credibility with communities. Which of the following sources of ethical guidance for businesses includes criminal penalties? Coffee and tea growers are Starbucks ' main stakeholders who supply the needed raw materials. In the Supreme Court ruling Citizens United v. Federal Election Commission, which Amendment was at the center of the case? c. the Dakota land trade In the case of Coca-Cola, its website discusses stakeholder engagement in a Blooms: Apply Therefore, some employees work for Starbucks to gain that status. Who Are Stakeholders In A Business? | Indeed.com Certainly, Starbucks is a firm that contains or is associated with many kinds of stakeholders. The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders. stakeholders. 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 Blooms: Remember Which of the following actions are needed to implement Howard Schulz's strategy of putting Starbucks' innovation on display? Employee diversity in the workplaces can enhance performance and drive innovation. B. her portrayal of the character was not approved a positive bottom line. AACSB: Application, Difficulty: Moderate 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. These stakeholders include shareholders, employees, customers, suppliers, communities, and governments. chief executive officer. systemic ethics problems. celebrated coffee and the rich tradition, but that also brought a feeling of connection.
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