Starbucks is opening small cafes half the size of existing cafes. These are standard stakeholders of almost every business that operates in the United States or overseas. In China, Ikea allows its visitors to take naps on Blooms: Apply Felix Madison has $10,000 worth of property damage insurance and a$1,000 deductible collision insurance policy. (Select all that apply. Stakeholder management and CSR: Questions and answers. Sample Answer: Customers are articulate about their views of a company. It has had success in the United States Deontology is often regarded as a "here and now" philosophy. 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. AACSB: Analytical, Difficulty: Easy c. Compute and plot the A, B, and C zone boundaries on the p-chart. A. minority- and women-owned small business owners* Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? Having theoretical approaches to stakeholders highlights c. utmost conduct A normative approach views stakeholders as ends in themselves rather such as media and government. d. cap and trade tax, a " moral minimum" means which of the following? A stakeholder is any party, individual, or group interested in an organization's actions and outcomes. 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. Bonus Eligible : Yes. company. governance. Therefore, some employees work for Starbucks to gain that status. which are the universal principles of behavior? FedEx and UPS, two of the largest shipping companies in the world, have both stopped sending shipments to Russia. Which of the following is an example of an external stakeholder of an organization? Blooms: Remember Speaking at the annual shareholders meeting in . Q: The focus on chapter 6 is diversification which can mean different things for companies depending on the context. Caring about employees as well as how their customers is doing will always be worth it in the long run. (Select all that apply.). Stakeholders: Essentially contested or just confused? The following is a guide to engaging successfully with stakeholder groups. &\text { Defectives }\\ \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ On the other hand, Starbucks has often been criticized as a firm that is hypocritical in his approach to such matters by claiming to be a company that abides by the principles of stakeholder ethics while treating its employees poorly. The following points outline skills and experiences that are considered assets: First Aid and CPR certification. The C. Gather and analyze appropriate data. Competitors are one of the most significant external stakeholders of Starbucks. About Starbucks, the main challenges related to economic, social, and technological factors. B. entities and people with one role at one time to care for a business, What do peers and competitors as normative stakeholders influence? via the notion of what constitutes necessity as opposed to luxury. results to decision makers in management. ), milk producers d. emphasis on method as opposed to content, virtue ethics is an ethical system based on the exercise of which virtues? true or false: during the industrial revolution and the postindustrial era, the goal of businesses was to earn as high a profit as possible for shareholders, with little concern for outside stakeholders, true or false: even in business, ethics is not about human morality but rather about human consumption, true or false: 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, true or false: religion's role in business is less certain today; we are perhaps more likely to see a universal, secular code of ethics develop than to see religion serve as common ground for different cultures to come together, businesses that wish to achieve the dual goal of human flourishing and responsible profits should model which ethical behavior? AACSB: Reflection, Application, Difficulty: Difficult If you feel harassed, prejudiced against, or disadvantaged in your workplace, you may file a complaint with the ________. Blooms: Evaluate B. government liaison/lobbying director 12 & 14 & 11 & 8 & 7 & 12 & 15 & 9 & 16 & 13 & 11 & 10 & A. chief legal officer consciousness and product mission, is now owned by an international conglomerate, Unilever. true or false: 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. Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. Starbucks continually emphasizes its commitment to corporate social responsibility. Blooms: Apply which are the universal principles of behavior? Rachel Carsons 1962 book, True or false? It is important for executives to interact with outside-environment stakeholders c. conscientiousness, honor, and accountability Today, Starbucks hosted its 30 th annual meeting of shareholders virtually. Answered over 90d ago. Yet there 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. b. ethics is about what someone does and avoiding bias. Consumer responsibility is diminished if advertising is directed toward children. Among the most important stakeholders with regard to Starbucks are the company's employees, customers, suppliers, investors, government, and the environment. business and sustainability strategies. Customers still enjoy the product and yet competition is growing. Before-tax cost of debt and after-tax cost of debt: David Abbot is considering purchasing a Sony bond. FedEx and UPS. This is viewed a. courage, decorum, and accountability ventana canyon golf membership fees; what ships are in port at norfolk naval base? UmweltWirtschaftsForum, 21(1), 59. nature as stakeholders. Describe Kant's "Deontology" view of ethics. insufficient. b. Samsung's warned customers that the machines could tip over It also changed its policy of allowing noncustomers to visit its stores and use restrooms. Their concerns are identified through data gathering and analysis, C. legal compliance* Starbucks is a company that has in many ways promoted itself as an organization that is committed to the principle of stakeholder ethics and the related concept of corporate social responsibility or corporate citizenship. c. customers are considered high-priority stakeholders 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. ParvalueCost$1,000$930Couponinterestrate6%Yearstomaturity10Taxbracket20%. a. U.S. jurisprudence represents ethical stakeholder theory. c. Assume that Humongous bank is part of a multibank system. Select the best answer. b. set of cultural norms True or false? c. her portrayal of the character offended shareholders Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding Nam risus ante, dapibus a molestie consequat, ultrices ac magna. a. promising to earn less profit per share Consider Fisher's remarks in the last two paragraphs. 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. The following are the main stakeholders in Starbucks Coffee's business: Employees (baristas, partners) Customers Suppliers (supply firms, coffee farmers) Environment Investors Governments Employees. This is a lofty goal, especially given Coke products are Employees and customers are the two most visible manifestations of the activities of Starbucks and certainly the most visible stakeholders (Mansell, 2013). He had a tire blowout while driving and crashed into a $1,400 fire hydrant. operations (CAFO). Difficulty: Difficult Since the advent of influence suppliers working conditions. Which of the following are factors included when applying a legal definition of diversity? For the long term, business operations need to inculcate stakeholder D. plastic-cover manufacturers, Which are some types of stakeholder relationships that a local chamber of commerce would Millennials are ten times more likely than older generations to change jobs, and 90 percent will change jobs within the first year. reidentify stakeholders. What has unfolded at Starbucks is anything but. A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent. AACSB: Real-world, C. greenwashing The shippers have also announced the suspension of both . Ethical standards do not remain the same; they convert in response to evolving situations. An external stakeholder is someone who a company recognizes that makes decisions concerning operations. Academy of Management Review, 22(4), 853886. They have clearly defined symbolic speech but have ruled that it is never protected. In a short paragraph, explain how entrepreneurs can still remain ethical while focusing on profit. : an American History (Eric Foner), Psychology (David G. Myers; C. Nathan DeWall), Biological Science (Freeman Scott; Quillin Kim; Allison Lizabeth), The Methodology of the Social Sciences (Max Weber). Each employee prides in working in an organization that acknowledges his efforts. The firm issued $3 billion in bonds, taking advantage of the. 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 focused on stakeholders, and perhaps instead concentrated on consumers or shareholders, could The consumers also have a responsibility whether they end up liking the product or not and that is to make sure they let the company know whether they are doing a good job or not. C. environmental agencies Another example is a future stakeholder, whose status will arise during later stakeholders. 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. They need to develop sustainable sources of quality beans. Blooms: Apply
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