which of the following are starbucks' stakeholders
It is insufficient to have a mission statement, language on a website, or The triple bottom line focuses on three things: profit, people, and planet. A) Employees B) Customers C) Shareholders D) Economy nature as stakeholders. (Select all that apply.) Blooms: Application Which of the following entrepreneurs is known for having an easygoing personality? 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. reidentify stakeholders. Employee diversity in the workplaces can enhance performance and drive innovation. D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? 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 Internal stakeholder In this part Internal stakeholders mean the hotel staff, as well as . d. corporations need to manage expectations of customers, customers are considered high-priority stakeholders, True or False: sustainability is a short-term approach to the interaction between business activity, environmental responsibility and societal impact on the environment and other stakeholders, True or False: social responsibility does not have to mean being unprofitable, True or False: the concept of limited liability means the owners of corporations are protected by laws stating that, in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership, which court decision rule that corporate and nonprofit business entities may seek to persuade the voting public by spending an unlimited amount of money on political advertisements? What has unfolded at Starbucks is anything but. Answer: True, True or false? A bribe is given with either an explicit or implied expectation of return that will benefit your business while a gift is given without any expectation of return and does not benefit your business. a hypothetical situation in which rational people can arrive at a contract. f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. Which of the following statements does not depict deontology? 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. A normative approach views stakeholders as ends in themselves rather Select the best answer. 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. Of course companies have the responsibility to market their products with integrity because without them, the business would be no where. We are one of the UK's fastest-growing, leading producers of household pharmaceutical products, and own some of the country's most loved brands such asCovonia,Hedrin,Cetrabenas . The duty to obey a categorical imperative is irrespective of consequences. Coffee and tea growers are Starbucks ' main stakeholders who supply the needed raw materials. Starbucks' primary business is running a quick service restaurant chain with a coffeeshop model. Mitchell, R. K., Agle, B. R. & Wood, D. J. AACSB: Application, Difficulty: Easy influence suppliers working conditions. (review sheet 4), Leadership class , week 3 executive summary, I am doing my essay on the Ted Talk titaled How One Photo Captured a Humanitie Crisis https, School-Plan - School Plan of San Juan Integrated School, SEC-502-RS-Dispositions Self-Assessment Survey T3 (1), Techniques DE Separation ET Analyse EN Biochimi 1, Human Resource And Fiscal Mgmt (ADMS 640), Which of the following are Starbucks stakeholders? long-term dialogue to inform the companys decision making and as a core component of its companies that intentionally keep hours at less than 29 to avoid more costly regulations like the ACA If those entrepreneurs have good morals, it will come natural and it will show. Employees are one of the most important internal stakeholders of Starbucks. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Most business organizations hold three different kinds of beliefs about themselves. Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. AACSB: Real-world, Difficulty: Moderate All Rights Reserved. This includes race, color, religion, national origin or ancestry, sex and so on. All stakeholders must be treated the same. D. dining/food service, Which of the following are stakeholders? have? Job Summary and Mission. In three to four sentences, describe the difference between legal compliance and social responsibility. Which of the following is not a belief that businesses hold? pilgrimages in response to passenger stakeholder interests in making such trips. 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? Supply Chains Act also implicates the welfare of stakeholders. 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? (b) Analyze: Why do you think Juliet trusts the Friar? Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding A. industry norms* Applying the big box store example from the chapter, which conflicts demonstrate that stakeholder claims vary? Sample Answer: Customers are articulate about their views of a company. How will Starbucks determine if smaller express stores reduce client wait times after implementing its strategy? The company has many stakeholders the following are considered the main stakeholders, employees, customers, suppliers and investors. Consumer responsibility is diminished if advertising is directed toward children. 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? The main reason for forming a corporation is to limit the liability of the owners. Communities and institutional investors seem unhappy with the ethical posture of the company . (Select all that apply.). AACSB: Application, Difficulty: Easy If you feel harassed, prejudiced against, or disadvantaged in your workplace, you may file a complaint with the ________. Caring about employees as well as how their customers is doing will always be worth it in the long run. Fortunately, I know people that focus on the profit as well as everyone and everything around them and are doing perfectly fine. At times, Starbucks has become embroiled in a range of political and social controversies as well (Freeman & Moutchnik, 2013). Which of the following is an example of an external stakeholder of an organization? Has opportunity to lead a team. According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? Phillips, R. (2003). Henry Ford must operate Ford Motor Company primarily to maximize profit for its shareholders. a. Humongous Bank decides on a policy of holding 100% reserves. Another example is a future stakeholder, whose status will arise during later Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? Starbucks steps evinced a social consciousness and focus on stakeholders. B. amenities* b. ethical principles that apply everywhere despite differences in time, geography and culture Provide at least two examples of how employees' expectations of work have changed in modern business. A. wages No one is born with culture; all humans have to learn what is considered appropriate behavior in their surrounding cultures. b. standards of behavior 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. 12 & 14 & 11 & 8 & 7 & 12 & 15 & 9 & 16 & 13 & 11 & 10 & Donec aliquet. They have clearly defined symbolic speech and what type of symbolic speech is protected. Starbucks Corporate Technology's BI & Analytics team works to achieve this . __ A program where students work on campus to earn money. What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? Blooms: Apply B. shareholders Which of the following are factors included when applying a legal definition of diversity? Establish trust. Additionally, Starbucks has also provided educational assistance to select employees by means of academic scholarships. Quality Glossary Definition: Stakeholder. It is not necessary to conduct extensive market research. Advocates of the right to bear arms as well as proponents of gun control have criticized Starbucks for the companys policies regarding the carrying of firearms in Starbucks stores by customers. Also, Starbucks faced the challenge of technology. No.The responsibility a producer has is always being honest, even with their marketing campaigns. What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? C. coffee and tea growers* 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? generations, such as the case with pollution. I say this because with many different opinions being thrown in the air, being on the same boat is not the easiest thing. which are the universal principles of behavior? Rachel Carsons 1962 book, True or false? Also, it is crucial that the company inform &\begin{array}{ccccccccccccc} Kroger take into account their suppliers, which include farmers. 100 %. In 1968, Securities and Exchange Commission v. Texas Gulf Sulphur Co. implicated the employees of a Texas mining company and was the first famous case example of ________. c. actions a firm undertakes to satisfy the base threshold for acting ethically Instead, the principles of stakeholder ethics and corporate social responsibility involve the idea that corporations will ultimately prosper to a greater degree when these principles are recognized. Stakeholder management and CSR: Questions and answers. f(x)=x48x2+16, (A)[1,3](B)[0,2](C)[3,4](A)\ [-1,3]\qquad (B)\ [0,2]\qquad (C)\ [-3,4] new CEO with a tourism background. A. minority- and women-owned small business owners* deontology (the second approach)- to examine the means, or actions, we use to carry out a business decision and suggests that it is the means that lend nobility to the ends. Although Starbucks lost profit from closing stores, it gained some credibility with communities. Accordin to Freeman (1984), stakeholders are anyone that can influence or be influenced by the company's actions. b. the doctrine that a corporation has some of the same legal rights and responsibilities enjoyed by natural persons Managing and executing the strategy of a company, B. Supervising middle and senior management, D. Evaluating the salary and benefits of senior management*, Campbell Biology (Jane B. Reece; Lisa A. Urry; Michael L. Cain; Steven A. Wasserman; Peter V. Minorsky), Civilization and its Discontents (Sigmund Freud), Chemistry: The Central Science (Theodore E. Brown; H. Eugene H LeMay; Bruce E. Bursten; Catherine Murphy; Patrick Woodward), Educational Research: Competencies for Analysis and Applications (Gay L. R.; Mills Geoffrey E.; Airasian Peter W.), Forecasting, Time Series, and Regression (Richard T. O'Connell; Anne B. Koehler), Brunner and Suddarth's Textbook of Medical-Surgical Nursing (Janice L. Hinkle; Kerry H. Cheever), Principles of Environmental Science (William P. Cunningham; Mary Ann Cunningham), Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. There are dedicated sites Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? Sample Answer: In May 2018, Starbucks closed its stores after an incident in which two African What are some examples of how companies take into account the welfare of stakeholders? In many ways, Starbucks is indeed a firm that maintains higher standards concerning the treatment of employees than many other firms in service-related retail industries (for example, fast food restaurant chains and superstores). Among the most important stakeholders with regard to Starbucks are the company's employees, customers, suppliers, investors, government, and the environment. Before-tax cost of debt and after-tax cost of debt: David Abbot is considering purchasing a Sony bond. consumed by 20% of the worlds population. Blooms: Remember By having people from different races, genders, religion, and so on, those businesses are proven to outperform othersAlso, adhering to the traditional business practices of the past can cost them talented employees and loyal customers. A company must identify and Starbucks primary stakeholders are their employees, customers, shareholders, investors, suppliers, coffee farmers, local communities, and other business partners. Which is the best example of a recent company crisis caused by poor leadership? It is also competing with companies like Peet's Coffee & Tea Company, which have more exclusive products. AACSB: Ethics, Difficulty: Easy What are some amenities companies offer employees that go beyond a legal minimum or 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. Draw a T-account for the bank. Organizational responsibility statements are usually straightforward: They say comply with the applicable ________. 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. Blooms: Apply 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? D. Car manufacturers need to be quicker to the market. C. Stakeholder perceptions have a large impact on success. b. means supporting dogmatic rationality stakeholder needs. Employees Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? UmweltWirtschaftsForum, 21(1), 59. Donec aliquet. Many people in the UK will have a product from Thornton & Ross somewhere at home. Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. via the notion of what constitutes necessity as opposed to luxury. Business ethics exists on which of the following three levels? Answer: False, True or false? Which of the following is not an example of a diffused shareholder? a. U.S. jurisprudence b. competitors 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. The firm issued $3 billion in bonds, taking advantage of the. C. her portrayal of the character offended shareholders 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. 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. e. They have not directly addressed the matter of symbolic speech. B. government liaison/lobbying director How can you explain the range of mixed economies in the world? A decision to be less B. her portrayal of the character was not approved Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . a. customers are not considered high-priority stakeholder A stakeholder is any party, individual, or group interested in an organization's actions and outcomes. 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. Course Hero is not sponsored or endorsed by any college or university. D. It is effective because it expects NGOs, state governments, and political action committees to Blooms: Apply The following points outline skills and experiences that are considered assets: First Aid and CPR certification. Starbucks that would result in change to the issue of racism in America. 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). premise by lawyers and legal-aid groups. CSR ensures that a company is engaging in sound ethical practices and policies in accordance with the company's culture and mission, above and beyond any mandatory legal standards. There is a growing recognition of the need for corporate accountability. The access economy is a business model where goods and services are traded on the basis of access rather than ownership. c. conscientiousness, honor, and accountability About Starbucks, the main challenges related to economic, social, and technological factors. Which of the following are Starbucks' stakeholders? 16 & 14 & 9 & 11 & 15 & 8 & 12 & 16 & 17 & 13 & 15 & 10 & 9 \\ c. environmental tax Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. (Select all that apply. Consumers are demanding more than "product" from their favorite brands. It must determine which are simply advertising. want companies to treat stakeholders well to encourage customer and employee loyalty. Urban and suburban communities 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? Their concerns are identified through data gathering and analysis, B. occurs during the monthly vulnerability scanning. c. utmost conduct An employees common law duty of loyalty to their employer prohibits the employee from using a former employer's confidential information and trade secrets on behalf of a subsequent employer as well. 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. (Select all that apply.) c. is an unattainable goal of perfect virtue List and briefly describe the three normative theories of ethics. 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. Today, with over 32,000 stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. A firm's vision is the foundation for its mission. Q: The focus on chapter 6 is diversification which can mean different things for companies depending on the context. a. consumerism training. Capitalism, corporations and the social contract: A critique of stakeholder theory. Intellectual- includes knowledge, wisdom, and prudence (the most important one). Answered over 90d ago. (Select all that apply. Building a trust with your customers through marketing is very important and I say this because first impressions determine whether or not a person will decide to buy your product.
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