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which of the following are starbucks' stakeholders
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Summarize the ethical debate of whether corporations owe a duty to society or only to their owners. The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders. Develop or acquire assets and skills needed to implement the strategy. Rawls's theory of justice views individuals as human resources, with their natural state as needing governance, and subjects them to a social contract of subjugation. 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. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. b. globalization There is a common agreement among the public that corporate directors have a duty to maximize corporate profits and shareholder value, even if this means skirting ethical rules. ventana canyon golf membership fees; what ships are in port at norfolk naval base? Blooms: Understand, Apply Using this, calculate the after-tax cost of the Sony bond given Davids tax bracket. and avoiding bias. Which of the following describes the efficacy of legislation like the California Transparency in Supply Chains Act? discrepancy is stark. Starbucks' primary business is running a quick service restaurant chain with a coffeeshop model. Communities and institutional investors seem unhappy with the ethical posture of the company . Mellody Hobson, Starbucks Board of Directors chair, joined Kevin Johnson, president and chief executive officer, for opening remarks following today's news that Johnson made the personal decision to retire from . b. set of cultural norms AACSB: Ethics, Difficulty: Easy 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. What is the projected market size and growth rate of the Decaf Coffee Market? Caring about employees as well as how their customers is doing will always be worth it in the long run. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. b. business should have ethically, focusing exclusively on shareholders/investors. Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? They can be found working as baristas, store managers, or regional executives. Another example is a future stakeholder, whose status will arise during later d. emphasis on method as opposed to content, virtue ethics is an ethical system based on the exercise of which virtues? Car design should focus on being competitive on the road. 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. A decision to be less Consumer responsibility is diminished if advertising is directed toward children. 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. c. They have extended protections to only some forms of symbolic speech. Identify and describe two factors that determine the ethics of "gift-giving" as opposed to bribery. Miles, S. (2012). (Select all that apply. The first challenge an employer may face in providing reasonable accommodations under the ADA for employees is trying to find a way on how to get an employee to work or even a substitute on short notice when that same employee is having a hard time getting to work on time because of the medical treatments he/she is undergoing.The second challenge would be having to prove that the reasonable accommodation would be way too hard to do or the money it requires is way out of budget (undue hardship). 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 focused on stakeholders, and perhaps instead concentrated on consumers or shareholders, could The main difference between a bribe and a gift is intent. Which of the following does an entrepreneur typically need to be willing to do to start a business? Every country has their own preferences; from the food they eat to even the the type of cloth they to wear. b. D. Present information to the board of directors. According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? Draw a T-account for the bank after this first round of loans has been made. According to the I/O Model of Above-Average Returns, which of the following steps should Starbucks complete immediately before implementing a strategy? Which of the following is an example of an external stakeholder of an organization? c. methodology for arriving at the truth An ethical financial advisor must ________. a. implementation of values Lorem ipsum dolor sit amet, consectetur adipiscing elit. Answer: True, True or false? P3-1. (Select all that apply.) Defectives16121414911118157812121516917161313151110109. 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 . d. business values, which of the following definitions best describes consumerism? Which of the following is not an example of a diffused shareholder? service, for example. b. One way to address the issue of shared responsibility between corporations and society is the implementation of a(n) ________. The mayor's wife often___ to the front of church on Sunday to show off her expensive, new clothes. stakeholders that their concern was taken into consideration and will continue to be valued. a. Samsung's washers had a spin-cycle problem in 2017 C. Defining a companys ongoing mission* 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 . 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. 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. One that not only. The environment is not considered a stakeholder. A. industry norms* D. dining/food service, Which of the following are stakeholders? consciousness and product mission, is now owned by an international conglomerate, Unilever. The normative approach most appropriately The most important function of the board of directors is to hire the president or Observing the company's liquidity, Starbucks has around $2.6 billion in cash and short-term borrowing facilities of $3.5 billion. The entitlement of the environment to legal status is a long-argued Some ads exaggerate or distort what goods or services deliver. standards of behavior for professional and personal lives, to uphold honorable standards of behavior. 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. From the beginning, Starbucks set out to be a different kind of company. Select the best answer. Mitchell, R. K., Agle, B. R. & Wood, D. J. Pellentesque dapibus efficitur laoreet. Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? In 1981, Howard Schultz (Starbucks chairman and chief executive officer) had first walked into a Starbucks . than as a means to achieve better financial results. Explain an employee's common law duty of loyalty to their employer. 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. ), positive customer experiences via the notion of what constitutes necessity as opposed to luxury. b. the doctrine that a corporation has some of the same legal rights and responsibilities enjoyed by natural persons beds to show customers the available bed sizes. b. Sarbanes-Oxley The main reason for forming a corporation is to limit the liability of the owners. Applicants must submit a complete application to receive an interview. 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. 4 Consolidated net revenues increased 24% to $29.1 billion for the. C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make Also, a bribery is very unethical and can look bad for the business. Community members may view big box stores as a threat to small businesses' livelihood. 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? Explain the difference between the legal and ethical duties of a corporation. 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? To construct a p-chart for a manufacturing process, 25 samples of size 200 were drawn from the process. a. business should behave ethically, focusing only on environmentalism Which of the following is true of Court decisions concerning symbolic speech? Blooms: Application Answered over 90d ago. This can be a consumer who is unable to express their discontent with a product or Which of the following are Starbucks' stakeholders? Which of the following definitions best describes mercantilism? Which of the following are well-documented outcomes? March 16, 2022 4 min read. systemic ethics problems. Which is the best example of a recent company crisis caused by poor leadership? For Starbucks, its major stakeholders include employees, customers, suppliers and stockholders. Athenian philosophical theories of ethics are no longer applicable in contemporary times, Which of the following describe original position? the belief that business is not culturally neutral. * Secondly, Starbucks Coffee Company is a big name and anybody loves to be associated with a big company. AACSB: Application, Ethics, Difficulty: Moderate Managing and executing the strategy of a company Donec aliquet. b. standards of behavior AACSB: Reflection, Application, Difficulty: Difficult b. the challenges of outsourcing production to lower cost and increase profits which are the universal principles of behavior? We will send [DOCUMENT_TITLE] to your email. AACSB: Real-world, C. greenwashing (Select all that apply.) Donec aliquet. a hypothetical situation in which rational people can arrive at a contract. The coffee farmers supply coffee to Starbucks. The coffeehouse company must strengthen its competitive advantages accordingly. Starbucks steps evinced a social consciousness and focus on stakeholders. Stakeholder management and CSR: Questions and answers. Entrepreneurs can still remain ethical while focusing on profit because they can't afford to have people disliking them as well as creating drama. Nam lacinia pulvinar tortor nec facilisis. A normative approach views stakeholders as ends in themselves rather pilgrimages in response to passenger stakeholder interests in making such trips. Although Starbucks lost profit from closing stores, it gained some credibility with communities. (Select all that apply.) Starbucks prioritizes employees in its corporate social responsibility efforts. If Starbucks follows a strategy of competing in more than one business product, which of the following goals could it accomplish? Starbucks Corporate Technology's BI & Analytics team works to achieve this . Deontology is often regarded as a "here and now" philosophy. Its normal and keeps things interesting in my opinion. Thus, Ikea changed in response to consumer 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? AACSB: Reflection, Difficulty: Difficult Starbucks is an American multinational chain of coffeehouses that retails handcrafted coffee, fresh food items and tea. B. marketing* even perhaps industry standards? c. the freedom and ability to make choices based on one's perception of right and wrong The triple bottom line focuses on three things: profit, people, and planet. Enacted in 1966, which of the following laws is the most important U.S. law forbidding cruelty to animals in laboratory settings? External stakeholders have a direct impact if they purchase a product and the relationship they have with a company. Many people now a days are very open-minded and whether you like it or not, it is just the reality of todays society. B. government liaison/lobbying director AACSB: Analytical, Difficulty: Easy 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. long-term dialogue to inform the companys decision making and as a core component of its It is in a business's best interest to promote human flourishing within the organization by providing ________. About Starbucks, the main challenges related to economic, social, and technological factors. Large corporations such as Too Short! What is the ethical issue behind issuing disaster insurance? Answer: False, True or false? d. her portrayal of the character offended stakeholders, her portrayal of the character offended stakeholders, which of the following best relates to prioritizing 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. 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. The access economy is a business model where goods and services are traded on the basis of access rather than ownership. Donec aliquet. Consider Fisher's remarks in the last two paragraphs. b. carbon tax a. courage, decorum, and accountability It is not necessary to conduct extensive market research.
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