Which of the following describes the impacts that diversify True or False: The environment is not considered a stakeholder, True or False: Goodwill . Solved Company: Starbucks Stakeholder map and | Chegg.com OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Starbucks's Mission Statement & Vision Statement (An Analysis) urban and suburban communities The crash caused$1,600 in damages to his car. a. Samsung's washers had a spin-cycle problem in 2017 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. safeguard properties lawsuit 2017; syl johnson chad ochocinco father Acculturation refers specifically to the cultural transmission and socialization process that stems from cultural exchange. A. wages Which intellectual, emotional, and social human trait affects all decision-making, including ethical decisions? a. her portrayal of the character was insincere 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. (A)[1,3](B)[0,2](C)[3,4]. Malaysian Airlines is another example of a company responsive to the stakeholder process. A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers; Difficulty: Easy Blooms: Understand AACSB: Ethics. What research did the BBC Earth Lab cite to prove or disprove that subliminal advertising is real? celebrated coffee and the rich tradition, but that also brought a feeling of connection. Thornton & Ross hiring Export Coordinator in Linthwaite, England (Select all Access to over 100 million course-specific study resources, 24/7 help from Expert Tutors on 140+ subjects, Full access to over 1 million Textbook Solutions. A. industry norms* It has had success in the United States d. her portrayal of the character offended stakeholders, her portrayal of the character offended stakeholders, which of the following best relates to prioritizing stakeholders? Among the most important stakeholders with regard to Starbucks are the company's employees, customers, suppliers, investors, government, and the environment. AACSB: Application. Consumers support big box stores that offer quality goods and reasonable prices, Which of the following are Starbucks' stakeholders? 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. utmost conduct The mayor's wife often___ to the front of church on Sunday to show off her expensive, new clothes. B. government liaison/lobbying director A. finance* Norfolk Southern Derailment Sparks Rail Regs Scrutiny - Law360 There is a growing recognition of the need for corporate accountability. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Felix Madison has $10,000 worth of property damage insurance and a$1,000 deductible collision insurance policy. Starbucks continually emphasizes its commitment to corporate social responsibility. 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? Some prioritization is particular to While there are many disadvantages of job-sharing including need for additional supervisory time, possible disruption of work flow, scheduling challenges for training and meeting, but the worst one in my opinion is communication. 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. Managing and executing the strategy of a company, B. Supervising middle and senior management, D. 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Clarkson; Roger LeRoy Miller; Frank B. c. marketing 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. 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. Business ethics exists on which of the following three levels? a. promising to earn less profit per share a. business should behave ethically, focusing only on environmentalism he acknowledged that business was important in nurturing and preserving democracy in Athens. A decision to be less Deontology is often regarded as a "here and now" philosophy. the cost of stakeholders. 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. The three Starbucks founders had two things in common: they were all coming from academia, and they all loved coffee and tea. b. the Dutch and Native American trade Shippers. Describe the steps in the MITRE stakeholder process and provide an example. Starbucks that would result in change to the issue of racism in America. Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? Explain using details from the text. \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ In the Supreme Court ruling Citizens United v. Federal Election Commission, which Amendment was at the center of the case? Phillips, R. (2003). FedEx and UPS. d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . people do not need some of the promoted products or services. which are the universal principles of behavior? Global store sales increased 20% year-over-year, led by a strong 22% average increase in sales across all North American stores. Starbucks Corporation application developer sr Job in Seattle, WA Starbucks Corporation - Press Releases - Financial Releases Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Each employee prides in working in an organization that acknowledges his efforts. d. Corporate personhood, what is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? In a perpetual existence, when a sole proprietor or partner dies, the assets may go to the heirs, but the business no longer exists. Which of the following are well-documented outcomes? Defence Equipment & Support (DE&S) hiring Senior Cost Estimator in 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? than as a means to achieve better financial results. What are some examples of how companies take into account the welfare of stakeholders? marketplace, Starbucks has an opportunity to lead by example. What Are Internal And External Stakeholders In Starbucks? Which of the following is not a belief that businesses hold? Explain how owners benefit from doing business as a corporate entity. Which is the best example of a novelty craze? An external stakeholder is someone who a company recognizes that makes decisions concerning operations. Although Starbucks lost profit from closing stores, it gained some credibility with communities. a. Starbucks Stakeholder Analysis | Blablawriting.com Which of the following are factors included when applying a legal definition of diversity? Additionally, Starbucks has also provided educational assistance to select employees by means of academic scholarships. Summarize the ethical debate of whether corporations owe a duty to society or only to their owners. Which Stakeholder Is Most Important Is Always Shown By - Bloomerang Yet there Certainly, programs of these kinds that have been maintained by Starbucks have been beneficial to some employees and are consistent with the principles of stakeholder ethics. Cross), Give Me Liberty! Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . Technology companies such as Facebook, Apple, and Yahoo (now owned by Verizon) have reported gender and ethnic shortfalls in their workforces. c. ethics is the guiding principle for dealing with others The most immediately visible and representative employees of Starbucks are the individuals that engage as servers in Starbucks stores. Financial Analysis of PUMA and Nike, Inc. Starbucks Stakeholders: Employees and Customers. b. ethics is about what someone does Which of the following is considered the most important internal stakeholder of a corporation? Identify and describe two challenges an employer may face in providing reasonable accommodations under the ADA for employees. Business 148 Study Guide Flashcards | Quizlet Sample Answer: Companies must take into account the welfare of stakeholders because it is most important, given its provision of goods and services. Consumer feedback on social media sites does not affect a company's prospects or status as ethical. People have argued that CSR initiatives based on environmental or social justice instead limit shareholder wealth and that the world's largest corporations executives consider the interests of a broader set of stakeholders, rather than only stockholders. It is not necessary to conduct extensive market research. Blooms: Understand company. 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 . Starbucks was founded by Jerry Baldwin, Gordon Bowker, and Zev Siegl, opening its first store in 1971 near the historic Pike Place Market in Seattle. B. Stakeholders To contribute to sustainable development inside a Pellentesque dapibus efficitur laoreet. with Starbucks in lieu of a civil action against the corporation. Blooms: Remember 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. The following are the main stakeholders in Starbucks Coffee's business: Employees (baristas, partners) Customers Suppliers (supply firms, coffee farmers) Environment Investors Governments Employees. Ben & Jerrys, an ice cream company known for its founders social c. They have extended protections to only some forms of symbolic speech. Stakeholder management and CSR: Questions and answers. chief executive officer. d. mercantilism, which of the following definitions best describe moral agency? 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. 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Supervising middle and senior management 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. Which of the following is not an example of a stakeholder? A) Political A) Employees B) Customers C) Shareholders D) Economy Explain an employee's common law duty of loyalty to their employer. Establish trust. Often there is a hierarchy that places consumers or customers first. What has unfolded at Starbucks is anything but. Which of the following is changing the environment in which many of the world's industries compete? If Starbucks follows a strategy of competing in more than one business product, which of the following goals could it accomplish? Here is a list of some of the most common external stakeholders your organization may work with: Customers Communities Today, Starbucks hosted its 30 th annual meeting of shareholders virtually. In the most generic form of stakeholder groups, Starbucks has an effect on its Employees, Customers, Community, Suppliers, Shareholders, Government, and Competitors. c. the Dakota land trade One that not only. 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D. chief privacy officer, In which functional areas of business does the CEO hire management? AACSB: Real-world, Difficulty: Moderate a positive bottom line. Starbucks: More Value For Shareholders Through - SeekingAlpha Sample Answer: MITRE is a five-step guide to stakeholder assessment and management. A. entities and people invested and influential in the success of an organization* Starbucks key stakeholders. Starbucks Stakeholder Analysis. 2022-11-17 To achieve a greater degree of diversity in the workplace, managers' goals should encompass which of the following? So many customers now . Those men later settled Coffee producers are a major stakeholder for Starbucks because the firm has staked its reputation on high quality coffee. 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. Starbucks-CASE-3- Group-4 - STARBUCKS CASE PART 3 - StuDocu C. Gather and analyze appropriate data. Since the advent of Blooms: Remember How has Starbucks used technology to improve its products? e. They have not directly addressed the matter of symbolic speech. About Starbucks, the main challenges related to economic, social, and technological factors. ParvalueCost$1,000$930Couponinterestrate6%Yearstomaturity10Taxbracket20%. It is also competing with companies like Peet's Coffee & Tea Company, which have more exclusive products. C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make c. humanistic business model How is Starbucks diversifying in India to fit into the local culture? Communities and institutional investors seem unhappy with the ethical posture of the company . PR Related Events and Strategies & Tactics Used Timeline of Key PR Related Events Blooms: Analyze, Evaluate d. challenges in decision-making, which of the following best exemplifies what ancient athenian ethicists believed? STARBUCKS CASE PART 3 - GROUP 1. a. U.S. jurisprudence c. her portrayal of the character offended shareholders They have clearly defined symbolic speech but have ruled that it is never protected. generations, such as the case with pollution. Starbucks' Stakeholders: Employees and Customers 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). Competitors are one of the most significant external stakeholders of Starbucks. c. methodology for arriving at the truth being committed to ethical business practices. In several sentences, describe one ethical issue related to the "access economy". Make a list of Starbucks' goals. Observing the company's liquidity, Starbucks has around $2.6 billion in cash and short-term borrowing facilities of $3.5 billion. D. plastic-cover manufacturers, Which are some types of stakeholder relationships that a local chamber of commerce would In some cases, as soon as entrepreneurs see that they are making profit, everything else suddenly disappears. Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit. (b) Analyze: Why do you think Juliet trusts the Friar? Find the absolute maximum and minimum, if either exists, for each function on the indicated intervals. This Which is the best example of a recent company crisis caused by poor leadership? Answer: False, True or false? In China, Ikea allows its visitors to take naps on Environmentalists raise the issue of species and Managing and executing the strategy of a company new CEO with a tourism background. Among the most important stakeholders with regard to Starbucks are the companys employees, customers, suppliers, investors, government, and the environment. welfare. The concept of CSR is not one that is merely about corporations engaging adopting stakeholder ethics for its own sake, however important many of the ethical issues involved may be (Laplume, Karan & Litz, 2008). Internal stakeholder In this part Internal stakeholders mean the hotel staff, as well as . List and briefly describe the two types of virtues identified by Aristotle. b. carbon tax C. her portrayal of the character offended shareholders Secondary stakeholders are media outlets, government, enviromentalist groups, and their competitors. Having theoretical approaches to stakeholders highlights Starbucks confirmed the results of the vote to CNN Business. only applies to shareholders, and it is the amount of money a shareholder could make after selling a holding in a company, True or False: the prevailing current business philosophy is that the sole purpose of business is to make money for shareholders, True or False: customer feedback on social media sites does not affect a company's prospects or status as ethical, True or False: for utilitarianism, the intent of the actors and how humanely people are treated are treated are the determining factor, True or False: individuals, in are the most basic ethical unit, True or False: virtue emphasizes the formation of character, True or False: laws and regulations set the maximum standards by which society lives out ethical norms, morality, as considered by Kant (Select all that apply. training. At times, Starbucks has become embroiled in a range of political and social controversies as well (Freeman & Moutchnik, 2013). Freeman, R. E. & Moutchnik, A. Which corporations have pulled out of Russia since its invasion of No.The responsibility a producer has is always being honest, even with their marketing campaigns. AACSB: Ethics, Application. 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 . This is viewed Starbucks Primary Stakeholders Analysis Essay Example - PaperAp.com Ethical standards do not remain the same; they convert in response to evolving situations. How does consumer thought affect purchasing? The coffee farmers supply coffee to Starbucks.