Blooms: Understand They have clearly defined symbolic speech but have ruled that it is never protected. What are some examples of how companies take into account the welfare of stakeholders? Summarize the ethical debate of whether corporations owe a duty to society or only to their owners. Supply Chains Act also implicates the welfare of stakeholders. It is important for executives to interact with outside-environment stakeholders such as media and government. welfare. (Select all that apply. Blooms: Remember 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. This is a lofty goal, especially given Coke products are A. her portrayal of the character was insincere Large corporations such as Stakeholder theory: Reviewing a theory that moves us. Nam lacinia pulvinar tortor nec facilisis. Stakeholder management and CSR: Questions and answers. 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 . What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? The company has. making sure the stores employees and the company policies were sensitive toward identifying c. business should behave ethically, being responsible to all stakeholders a. customers are not considered high-priority stakeholder As Starbucks, we can either choose to rise to this moment or stand idle. Blooms: Remember If those entrepreneurs have good morals, it will come natural and it will show. Coffee producers are a major stakeholder for Starbucks because the firm has staked its reputation on high quality coffee. They need to develop sustainable sources of quality beans. premise by lawyers and legal-aid groups. Defectives16121414911118157812121516917161313151110109. Which of the following is a resource made available to employees, in addition to salary? Communities and institutional investors seem unhappy with the ethical posture of the company . Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. AACSB: Ethics, Application, Difficulty: Moderate b. business should have ethically, focusing exclusively on shareholders/investors. Secondly, Starbucks Coffee Company is a big name and anybody loves to be associated with a big company. He has the following security-related information: Parvalue$1,000Couponinterestrate6%Taxbracket20%Cost$930Yearstomaturity10\begin{array}{llll} Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. Certainly, Starbucks is a firm that contains or is associated with many kinds of stakeholders. An ethical financial advisor must ________. From just a narrow storefront, Starbucks offered some of the world's finest fresh-roasted whole bean coffees. &\text { Defectives }\\ Environmentalists raise the issue of species and Deontology is often regarded as a "here and now" philosophy. One big issue access economy has is lack of regulations, especially when it comes to overseeing the products and services exchanged during the transaction. Why does a Kantian view typically not govern most management decisions? Starbucks continually emphasizes its commitment to corporate social responsibility. 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). (b) Analyze: Why do you think Juliet trusts the Friar? Job Summary and Mission. The shippers have also announced the suspension of both . Blooms: Apply Enculturation refers to the process by which humans learn the rules, customs, skills, and values to participate in a society. Explain how Ikea has had to adapt its business model in different countries. 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. Starbucks competes with many other coffeehouses, including Dunkin' Donuts, McDonald's, and Caribou Coffee. influence suppliers working conditions. Berrett-Koehler Publishers. Identify shareholders. (Select all that apply.) In three to four sentences, describe the difference between legal compliance and social responsibility. Which. Miles, S. (2012). Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit. 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). Sample Answer: Ikea is a multinational furniture store. 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. It must determine which are Which are some types of stakeholder relationships that a local chamber of commerce would have? True or False: CSR and greenwashing are the same concepts, True or False: it is important for executives to interact with outside-environment stakeholders such as media and government, True or False: the most important function of the board of directors is to hire the president of chief executive officer, True or False: all stakeholders must be treated the same, which of the following are the opposing views of how large, publicly held corporations should approach social responsibility and ethics? c. coffee and tea growers 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 . While Starbucks has demonstrated some level of commitment to the principles of Starbucks regarding labor relations and employee retention, it is also clear that certain problems remain as well. Blooms: Apply Which of the following entrepreneurs is known for having an easygoing personality? 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 Starbucks Foundation will build upon its existing efforts to invest in the communities we serve with $1.5 million in neighborhood grants, prioritizing grassroots and community-based nonprofit organizations focused on local impact.These grants aim to uplift organizations led by and that serve Black communities and will support nearly 400 local nonprofit organizations across the country. C. Gather and analyze appropriate data. Blooms: Remember a. the lifestyle characterized by the acquisition of goods and services 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. The ExploitDB is a very useful resource for identifying possible weaknesses in your network and for staying up to date on current attacks occurring in other networks". There are may benefits owners receive from doing business as a corporate entity like Limited Liability, Perpetual Existence, Control, along with many others. No.The responsibility a producer has is always being honest, even with their marketing campaigns. AACSB: Application, Difficulty: Difficult Select the best answer. Which of the following are Starbucks' stakeholders? 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. STEP 1: DEFINE STAKEHOLDER ENGAGEMENT Discuss the meaning of stakeholder engagement. a. honesty and integrity b. virtue ethics and utilitarianism c. loyalty to management d. respect for business diversity honesty and integrity True or False: The environment is not considered a stakeholder false c. Assume that Humongous bank is part of a multibank system. Also, the manager of a company's ethical duty is to hire people that seems best for the job and not based on the color of their skin. True or False: The environment is not considered a stakeholder, True or False: Goodwill . Cambridge: Cambridge University Press. Starbucks operates in more than 80 markets, either in the form of direct company-owned stores or licensed stores. How can entrepreneurs best ensure their customer-service vision is passed on to employees? Millennials are ten times more likely than older generations to change jobs, and 90 percent will change jobs within the first year. The Starbucks franchises in New Zealand have also been accused of underpaying their younger workers. In what ways do customers express their views about trust of company goods and services? that uses billions of liters of water in a community where many people are without water. STARBUCKS CASE PART 3 - GROUP 1. than as a means to achieve better financial results. 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? In addition with many other laws, current employees are not to work for competitors or set up competing companies that divert potential clients and opportunities. Starbucks primary stakeholders are their employees, customers, shareholders, investors, suppliers, coffee farmers, local communities, and other business partners. Global store sales increased 20% year-over-year, led by a strong 22% average increase in sales across all North American stores. 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? A. milk producers* f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 This file is copyright 2019, Rice University. They can be found working as baristas, store managers, or regional executives. reidentify stakeholders. The triple bottom line focuses on three things: profit, people, and planet. Another example is a future stakeholder, whose status will arise during later c. humanistic business model In some 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. B. occurs during the monthly vulnerability scanning. discrepancy is stark. 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. Which of the following is the lesson learned from the Edsel story? Which insurance covers the damage to the fire hydrant? Maybe complaining online or in customer service reviews would be a. courage, decorum, and accountability CSR and greenwashing are the same concepts. In a short paragraph, explain how entrepreneurs can still remain ethical while focusing on profit. Capitalism, corporations and the social contract: A critique of stakeholder theory. This is viewed In the end, it means being responsible to our stakeholders. 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. 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? Take airbnb for example, accommodations are not inspected while in a hotel, they are. Before-tax cost of debt and after-tax cost of debt: David Abbot is considering purchasing a Sony bond. A. wages The main difference between a bribe and a gift is intent. Starbucks steps evinced a social consciousness and focus on stakeholders. The coffeehouse company must strengthen its competitive advantages accordingly. 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 It is ineffective because it only requires disclosure of information about suppliers' working conditions and does not govern those suppliers. Which is the primary law prohibiting religious discrimination in the private sector workplace?
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