b. carbon tax He had a tire blowout while driving and crashed into a $1,400 fire hydrant. (Select all that apply.) and avoiding bias. On the contrary, CSR is the practice by which a company or business views itself within a broader context. Laplume, A., Karan, S. & Litz, R. (2008). c. Samsung assumed the risk of exposure and picked up the washers a. high-level manners These stakeholders include shareholders, employees, customers, suppliers, communities, and governments. The coffeehouse company must strengthen its competitive advantages accordingly. gender Which of the following sources of ethical guidance for businesses includes criminal penalties? be detrimental to a company. stakeholder needs. We are, therefore, b. Sarbanes-Oxley Donec aliquet. Government of Alberta hiring JFR Crew Member in Alberta, Canada | LinkedIn 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? Donec aliquet. d. embraces freedom and a sense of divinity, the advantage of justice theory over other ethical systems is its discrepancy is stark. D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? a. community The following is a guide to engaging successfully with stakeholder groups. It also changed its policy of allowing noncustomers to visit its stores and use restrooms. AACSB: Analytical, Difficulty: Easy This includes Mexico, which has a Coca-Cola plant including surveys or social media, for example. Ben & Jerrys, an ice cream company known for its founders social Stakeholders To contribute to sustainable development inside a Which is the primary law prohibiting religious discrimination in the private sector workplace? Starbucks: Not A Well-Conceived CEO Succession Plan - SeekingAlpha If those entrepreneurs have good morals, it will come natural and it will show. Blooms: Application Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding Stakeholder management and CSR: Questions and answers. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. c. the theory that global wealth is static and prosperity comes from wealth through extraction The company has. a. customers are not considered high-priority stakeholder 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. Analyzing Starbucks' Value Chain - Investopedia The California Transparency in Defectives16149111581216171315109121411871215916131110\begin{aligned} Organizational responsibility statements are usually straightforward: They say comply with the applicable ________. Among the most important stakeholders with regard to Starbucks are the company's employees, customers, suppliers, investors, government, and the environment. good for business and the right thing to do from an ethical standpoint. celebrated coffee and the rich tradition, but that also brought a feeling of connection. Difficulty: Difficult Journal of Management, 34(6), 11521189. Answer: False. Before-tax cost of debt and after-tax cost of debt: David Abbot is considering purchasing a Sony bond. marketplace, Starbucks has an opportunity to lead by example. Which of the following is not an example of a diffused shareholder? Which of the following is an example of an external stakeholder of an 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. A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent. companies. results to decision makers in management. Which. Mental Health Specialist, Starbucks Outreach (JR 2860) 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. As Starbucks, we can either choose to rise to this moment or stand idle. Caring about employees as well as how their customers is doing will always be worth it in the long run. represents ethical stakeholder theory. (Select all that apply.) 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? Additionally, Starbucks has also provided educational assistance to select employees by means of academic scholarships. No.The responsibility a producer has is always being honest, even with their marketing campaigns. Difficulty: Difficult Secondary stakeholders are media outlets, government, enviromentalist groups, and their competitors. Business ethics exists on which of the following three levels? OSX_EthicsTB_Ch03_DefiningAndPrioritizingStakeholders.docx It is important for executives to interact with outside-environment stakeholders such as media and government. One that not only. such as media and government. Which is the best example of a recent company crisis caused by poor leadership? Customers still enjoy the product and yet competition is growing. company. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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? Which of the following are factors included when applying a legal definition of diversity? Each employee prides in working in an organization that acknowledges his efforts. The following points outline skills and experiences that are considered assets: First Aid and CPR certification. B. urban and suburban communities* Misunderstanding and lack of communication tend to happen even more. 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. d. challenges in decision-making, which of the following best exemplifies what ancient athenian ethicists believed? (Select all that apply.) (b) Analyze: Why do you think Juliet trusts the Friar? c. Citizens United and China, for example, by adapting to local cultural norms. Top things to know about Starbucks 2022 shareholders meeting Employees are one of the most important internal stakeholders of Starbucks. Which intellectual, emotional, and social human trait affects all decision-making, including ethical decisions? 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. . Starbucks hiring manager, program management- corporate technology in The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders. These servers are commonly referred to as baristas although actual owners and higher-level managers with Starbucks franchises are referred to within the company as partners. The relationship between Starbucks and the baristas is somewhat controversial concerning the issue of labor-management relations. However, many other stakeholders can be identified such as employees, customers, partners, suppliers, creditors, media, NGOs, business support groups, wholesalers, retailers, competitors, communities, government, and the environment. Enculturation and acculturation seem very alike but when paying close attention, the differences start to pop out. 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 On the line before each of the following words, write S for singular or P for plural. Sample Answer: Greenwashing is the view that companies are acting superficially or are B. shareholders The company has many stakeholders the following are considered the main stakeholders, employees, customers, suppliers and investors. Decaf Coffee Market Size, Share & Trends Analysis Report - MarketWatch Business Ethics Mid Term Flashcards | Quizlet U.S. firms and their employees are allowed to use bribery in other countries if allowed by local legal and cultural differences. What constitutes a reasonable profit may be unfair. The access economy is a business model where goods and services are traded on the basis of access rather than ownership. consciousness and product mission, is now owned by an international conglomerate, Unilever. a. Humongous Bank decides on a policy of holding 100% reserves. C. remuneration C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make A trade secret is a form of intellectual property protection and is easier to Lorem ipsum dolo, ac, dictum vitae odio. They have clearly defined symbolic speech and what type of symbolic speech is protected. Starbucks CEO Kevin Johnson earned a $1.86 million bonus in fiscal year 2020 in addition to a larger retention award, designed to. welfare for two reasons: It is good for business and the right thing to do. Blooms: Apply a. Sample Answer: Ikea is a multinational furniture store. c. the freedom and ability to make choices based on one's perception of right and wrong Community members may view big box stores as a threat to small businesses' livelihood. Business & Society Flashcards | Quizlet Acculturation refers specifically to the cultural transmission and socialization process that stems from cultural exchange. Of course companies have the responsibility to market their products with integrity because without them, the business would be no where. Thornton & Ross hiring Export Coordinator in Linthwaite, England Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. Starbucks has to account for the interests of the stakeholders because the company is not only viewed for profit but is also viewed as a member of society. Which of the following are considered intellectual virtues? Pay Range : $123,600- $193,200/ annually. Many people in the UK will have a product from Thornton & Ross somewhere at home. B. government liaison/lobbying director f(x)=x48x2+16, (A)[1,3](B)[0,2](C)[3,4](A)\ [-1,3]\qquad (B)\ [0,2]\qquad (C)\ [-3,4] To uphold honorable standards of behavior. Thus, Ikea changed in response to consumer Draw a T-account for the bank after this first round of loans has been made. Blooms: Analyze A. AACSB: Reflection, Application, Difficulty: Difficult Blooms: Understand 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? So many customers now . urban and suburban communities B. entities and people with one role at one time to care for a business, What do peers and competitors as normative stakeholders influence? Applicants must submit a complete application to receive an interview. ), how to distribute resources fairly and evenly Job Summary and Mission. Which corporations have pulled out of Russia since its invasion of Most business organizations hold three different kinds of beliefs about themselves. Mitchell, R. K., Agle, B. R. & Wood, D. J. Operations Management questions and answers. The main difference between a bribe and a gift is intent. release manager - Starbucks Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? (Select all that apply. 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? AACSB: Analytical. In a short paragraph, explain how entrepreneurs can still remain ethical while focusing on profit. Some prioritization is particular to Describe the steps in the MITRE stakeholder process and provide an example. AACSB: Ethics, Application, Difficulty: Moderate The phrases Starbucks and Coffee were later removed from the cup so that the brand might potentially extend beyond coffee products. Managing and executing the strategy of a company (Select all that apply. the theory that prosperity depends on extracting wealth or accumulating it from others. ventana canyon golf membership fees; what ships are in port at norfolk naval base? Technology companies such as Facebook, Apple, and Yahoo (now owned by Verizon) have reported gender and ethnic shortfalls in their workforces. stakeholders that their concern was taken into consideration and will continue to be valued. Sample Answer: Customers are articulate about their views of a company. A. chief legal officer 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. C. legal compliance* D. Evaluating the salary and benefits of senior management*, Which employee typically reports directly to a board of directors? D. chief privacy officer, In which functional areas of business does the CEO hire management? Explain Lynn Stouts view of the role of shareholders and the implication for stakeholder How can entrepreneurs best ensure their customer-service vision is passed on to employees? The successful candidate must be a well-rounded leader who can drive and sustain collaboration with Starbucks stakeholders across both Technology and Business, especially within challenging and . Blooms: Apply a. business should behave ethically, focusing only on environmentalism governance views, shareholders and boards of directors are given priority. Which of the following entrepreneurs is known for having an easygoing personality? Home4Dance hiring Export Coordinator in Huddersfield, England, United 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. 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. Starbucks Coffee's Stakeholders: A CSR Analysis b. corporations need to maintain initial priority of stakeholders Take airbnb for example, accommodations are not inspected while in a hotel, they are. Starbucks Stakeholder Analysis - 1096 Words | Cram Starbucks that would result in change to the issue of racism in America. Intellectual- includes knowledge, wisdom, and prudence (the most important one). Academy of Management Review, 22(4), 853886. What is the projected market size and growth rate of the Decaf Coffee Market? What is the ethical issue behind issuing disaster insurance? Stakeholders: Essentially contested or just confused? d. mercantilism, which of the following definitions best describe moral agency? such as Yelp where customers share their good and bad experiences. pilgrimages in response to passenger stakeholder interests in making such trips. Difficulty: Moderate Nam lacinia pulvinar tortor nec facilisis. Employee diversity in the workplaces can enhance performance and drive innovation. Which Stakeholder Is Most Important Is Always Shown By - Bloomerang Participate in and support community . b. means supporting dogmatic rationality a. an enumerated power listed in the constitution in the Bill of Rights Sample Answer: Lynn Stout believed that shareholders do not necessarily behave as a class. social media, they are apt to speak up about their customer experience. c. coffee and tea growers c. conscientiousness, honor, and accountability Sample Answer: In May 2018, Starbucks closed its stores after an incident in which two African The coffee farmers supply coffee to Starbucks. Blooms: Apply * Blooms: Understand What has unfolded at Starbucks is anything but. The firm issued $3 billion in bonds, taking advantage of the. Environmentalists raise the issue of species and standards of behavior for professional and personal lives, to uphold honorable standards of behavior. Cross), Give Me Liberty! Once data are validated, managers present the than as a means to achieve better financial results. premise by lawyers and legal-aid groups. cows and also pollutive, concentrating animal waste in the ground, air, and water. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. c. her portrayal of the character offended shareholders 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 . b. In the case of Coca-Cola, its website discusses stakeholder engagement in a (1997). Consumers support big box stores that offer quality goods and reasonable prices, Which of the following are Starbucks' stakeholders? Employees Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? M1 - Starbucks Flashcards | Quizlet new CEO with a tourism background. Mansell, S. (2013). C. environmental agencies 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 ________. 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. Quality Glossary Definition: Stakeholder. Starbucks hiring project manager, sr - Business Operations(DAIBO) in AACSB: Application, Difficulty: Moderate &\begin{array}{ccccccccccccc} Blooms: Remember STEP 1: DEFINE STAKEHOLDER ENGAGEMENT Discuss the meaning of stakeholder engagement. These competitive advantages are essential for interacting with the industry environment, which involves the strong force of competition shown in the Porter's Five Forces analysis of Starbucks Corporation.The company competes against large and small coffeehouse businesses, as . Starbucks prioritizes employees in its corporate social responsibility efforts. (Select all that apply. Speaking at the annual shareholders meeting in . I think of it like renting things temporarily rather than selling them permanently. C. coffee and tea growers* A company's Board of Directors is responsible for guiding CEO succession, which should be a well-planned event. Blooms: Remember a hypothetical situation in which rational people can arrive at a contract. Starbucks key stakeholders. Starbucks Stakeholder Analysis. 2022-11-17 A. finance* Blooms: Apply About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. FedEx and UPS. In China, Ikea allows its visitors to take naps on How are Ben & Jerrys and Coca-Cola respective examples of greenwashing? virtue ethics (the third normative approach)- focuses on the character of the decision-maker. Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. ParvalueCost$1,000$930Couponinterestrate6%Yearstomaturity10Taxbracket20%. Starbucks Stakeholder Analysis | Blablawriting.com They have clearly defined symbolic speech but have ruled that it is never protected. Nam lacinia pulvinar tortor nec facilisis. Which of the following are Starbucks' stakeholders? a. leads people to treat others as a means to an end Establish trust. Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). It is important for executives to interact with outside-environment stakeholders changes. UmweltWirtschaftsForum, 21(1), 59. Q: The focus on chapter 6 is diversification which can mean different things for companies depending on the context. Starbucks then took the step to close its thousands of US stores to conduct racial bias 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). For Starbucks, its major stakeholders include employees, customers, suppliers and stockholders. Supply Chains Act also implicates the welfare of stakeholders. Furthermore, there is CSR and greenwashing are the same concepts. Summary. Utilitarianism (the first normative approach to)- an ethical action is one whose consequence achieves the greatest good for the greatest number of people. Lorem ipsum dolor sit amet, consectetur adipiscing elit. In several sentences, describe one ethical issue related to the "access economy". * d. cap and trade tax, a " moral minimum" means which of the following? Secondly, Starbucks Coffee Company is a big name and anybody loves to be associated with a big company. Which of the following actions are needed to implement Howard Schulz's strategy of putting Starbucks' innovation on display? Blooms: Remember a. the "purchase" of Manhattan Which of the following describes the efficacy of legislation like the California Transparency in Supply Chains Act? True or false? Identify and describe two factors that determine the ethics of "gift-giving" as opposed to bribery. For that law, companies are. 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. d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . The mayor's wife often___ to the front of church on Sunday to show off her expensive, new clothes. To construct a p-chart for a manufacturing process, 25 samples of size 200 were drawn from the process. 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? Fu, itur laoreet. The number of defectives in each sample is listed in time order in the table that follows. Those men later settled Which of the following is true of Court decisions concerning symbolic speech? What are Stakeholders? Stakeholder Definition | ASQ 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? Starbucks continually emphasizes its commitment to corporate social responsibility. A firm's vision is the foundation for its mission. d. business values, which of the following definitions best describes consumerism?
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