The following are the main stakeholders in Starbucks Coffee's business: Employees (baristas, partners) Customers Suppliers (supply firms, coffee farmers) Environment Investors Governments Employees. A. chief legal officer Often there is a hierarchy that places consumers or customers first. One big issue access economy has is lack of regulations, especially when it comes to overseeing the products and services exchanged during the transaction. Which of the following describes the impacts that diversify c. customers are considered high-priority stakeholders a. Also, Starbucks faced the challenge of technology. STARBUCKS CASE PART 3 - GROUP 1. c. media We are, therefore, 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? b. competitors Job Summary and Mission. (Starbucks does not follow the traditional franchising terms.) a. community The coffee farmers supply coffee to Starbucks. c. he believed one secures one's own good outside of political science Video Case 4 Starbucks Corporation: Serving More Than Coffee chief executive officer. Starbucks operates in more than 80 markets, either in the form of direct company-owned stores or licensed stores. 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. Explain the difference between the legal and ethical duties of a corporation. Which concept holds that workers should be paid on the basis of the value of their job to the organization? Too Short! Which of the following are considered intellectual virtues? companies. Norfolk Southern Derailment Sparks Rail Regs Scrutiny - Law360 D. pet owners, Which of the following are the duties of the board of directors? B. STARBUCKS - Essay - 1416 words - Paperdue Which of the following definitions best describes mercantilism? B. Supervising middle and senior management In 1981, Howard Schultz (Starbucks chairman and chief executive officer) had first walked into a Starbucks . 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. They need to develop sustainable sources of quality beans. Difficulty: Moderate d. he thought money should only be allowed for those in trades. Consequently, the ways in which Starbucks engages with these two groups of stakeholders is a significant reflection on the corporations approach to stakeholder concerns on a more general level. Nam lacinia pulvinar tortor nec facilisis. d. embraces freedom and a sense of divinity, the advantage of justice theory over other ethical systems is its They have clearly defined symbolic speech but have ruled that it is never protected. Yet there About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Select a product or service that will be sustainable. AACSB: Application, Real-world, Difficulty: Moderate It is also competing with companies like Peet's Coffee & Tea Company, which have more exclusive products. systemic ethics problems. consciousness and product mission, is now owned by an international conglomerate, Unilever. About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. 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. Develop or acquire assets and skills needed to implement the strategy. AACSB: Ethics, Application, Difficulty: Moderate Thornton & Ross hiring Export Coordinator in Linthwaite, England C. Gather and analyze appropriate data. Starbucks: More Value For Shareholders Through - SeekingAlpha In the most generic form of stakeholder groups, Starbucks has an effect on its Employees, Customers, Community, Suppliers, Shareholders, Government, and Competitors. Each employee prides in working in an organization that acknowledges his efforts. b. globalization welfare. Blooms: Understand This is a lofty goal, especially given Coke products are which are the universal principles of behavior? 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. They d. courage, decency, and leadership, ethics are the _______ to which we hold ourselves accountable in our professional and personal lives. AACSB: Analytical. physical abilities. Journal of Business Ethics, 108(3), 285298. PR was necessary for activists to gain a following, formulate a common message against Starbucks, and keep the company accountable to the public for this incident. PR Related Events and Strategies & Tactics Used Timeline of Key PR Related Events d. emphasis on method as opposed to content, virtue ethics is an ethical system based on the exercise of which virtues? b. Samsung's warned customers that the machines could tip over Which of the following is not an example of a stakeholder? A) Political 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. \end{array} And there are two types of stakeholders, including the primary and seconday stakeholders ( Clarkson, 1995). Starbucks Primary Stakeholders Analysis Essay Example - PaperAp.com Starbucks Answer: False. (a) What is Friar Lawrence's plan for Juliet? Journal of Management, 34(6), 11521189. Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding d. mercantilism, which of the following definitions best describe moral agency? What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? This file is copyright 2019, Rice University. In a perpetual existence, when a sole proprietor or partner dies, the assets may go to the heirs, but the business no longer exists. c. business should behave ethically, being responsible to all stakeholders (1997). Who Are Stakeholders In A Business? | Indeed.com Starbucks baristas are paid above the minimum wage, even at the entry-level position. Stakeholders of Starbucks (Starbucks stakeholder analysis) Stakeholder Relationships: It appears there are growing disconnects among at least some of their stakeholders. 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 . ), positive customer experiences Describe what type of goal each is. (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. celebrated coffee and the rich tradition, but that also brought a feeling of connection. Which of the following describes the efficacy of legislation like the California Transparency in Supply Chains Act? with Starbucks in lieu of a civil action against the corporation. Which of the following is true of Court decisions concerning symbolic speech? If the heirs of the business owner want to continue the business in their own names, they will be considered a new business, even if they are using the assets of the old business. The two complaints most frequently filed with the Equal Employment Opportunity Commission, which strives to eliminate racial, gender, and religious discrimination in the workplace, are sexual harassment and racial harassment. Starbucks shareholders reject CEO pay proposal in rare move a. pollution tax __ A program where students work on campus to earn money. Which is the best example of a recent company crisis caused by poor leadership? Difficulty: Difficult Which of the following are factors included when applying a legal definition of diversity? Accordin to Freeman (1984), stakeholders are anyone that can influence or be influenced by the company's actions. 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). b. corporations need to maintain initial priority of stakeholders Cambridge: Cambridge University Press. Which of the following are Starbucks' stakeholders? C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make True or False: The environment is not considered a stakeholder, True or False: Goodwill . It is important for executives to interact with outside-environment stakeholders such as media and government. b. Humongous Bank is required to hold 5% of its existing$20 million as reserves, and to loan out the rest. Starbucks prioritizes employees in its corporate social responsibility efforts. Donec aliquet. 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. promising to earn less profit per share Which is the best example of a novelty craze? All stakeholders must be treated the same. D. plastic-cover manufacturers, Which are some types of stakeholder relationships that a local chamber of commerce would protect than a trademark or patent. Maybe complaining online or in customer service reviews would be D. Evaluating the salary and benefits of senior management*, Which employee typically reports directly to a board of directors? Do companies have the responsibility to market their products with integrity? Enculturation refers to the process by which humans learn the rules, customs, skills, and values to participate in a society. Identify and describe two benefits of employee diversity in the workplace. 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. In Richard DeGeorge's humanities model, business ethics would prepare students to do certain specific things. AACSB: Application. Phillips, R. (2003). In the case of Dodge v. Ford Motor Company, the Michigan Supreme Court ruled in favor of shareholder primacy. It is not necessary to conduct extensive market research. Pay Range : $123,600- $193,200/ annually. Therefore, some employees work for Starbucks to gain that status. a. an enumerated power listed in the constitution in the Bill of Rights How does consumer thought affect purchasing? Starbucks then took the step to close its thousands of US stores to conduct racial bias It is in a business's best interest to promote human flourishing within the organization by providing ________. even perhaps industry standards? 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 Lorem ipsum dolor sit amet, consectetur adipiscing elit. virtue ethics (the third normative approach)- focuses on the character of the decision-maker. 100 %. As for ethical duties, they are standards based on human principles of right from wrong. [Solved] Read the following scenario and use the following five key
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