which of the following are starbucks' stakeholders
coffee and tea growers. 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. stakeholder needs. training. The shippers have also announced the suspension of both . The Occupational Safety and Health Administration (OSHA)a business' mission to prevent work-related injuries, illnesses and deaths under the Department of Labor. Develop or acquire assets and skills needed to implement the strategy. Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit. This button displays the currently selected search type. Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. marketplace, Starbucks has an opportunity to lead by example. Accordin to Freeman (1984), stakeholders are anyone that can influence or be influenced by the company's actions. The firm issued $3 billion in bonds, taking advantage of the. Which is the primary law prohibiting religious discrimination in the private sector workplace? Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Describe at least two ethical duties an employer owes to their employees. There is a growing recognition of the need for corporate accountability. Enculturation refers to the process by which humans learn the rules, customs, skills, and values to participate in a society. AACSB: Real-world, Difficulty: Moderate How does consumer thought affect purchasing? d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . Fu, itur laoreet. It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. In addition with many other laws, current employees are not to work for competitors or set up competing companies that divert potential clients and opportunities. Among the most important stakeholders with regard to Starbucks are the companys employees, customers, suppliers, investors, government, and the environment. stakeholders. than as a means to achieve better financial results. Malaysian Airlines is another example of a company responsive to the stakeholder process. Which of the following is an example of an external stakeholder of an organization? Lorem ipsum dolo, ac, dictum vitae odio. Blooms: Apply 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 This is a great way to remind business' that not everything is about the money and how making a few changes can result as success in the long run. Which of the following are Starbucks' stakeholders? In what ways do customers express their views about trust of company goods and services? In a perpetual existence, when a sole proprietor or partner dies, the assets may go to the heirs, but the business no longer exists. 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. welfare for two reasons: It is good for business and the right thing to do. If those entrepreneurs have good morals, it will come natural and it will show. U.S. firms and their employees are allowed to use bribery in other countries if allowed by local legal and cultural differences. c. he believed one secures one's own good outside of political science b. corporations need to maintain initial priority of stakeholders About Starbucks, the main challenges related to economic, social, and technological factors. Large corporations such as Secondary stakeholders are media outlets, government, enviromentalist groups, and their competitors. AACSB: Reflection, Application, Difficulty: Difficult AACSB: Analytical. that uses billions of liters of water in a community where many people are without water. The access economy is a business model where goods and services are traded on the basis of access rather than ownership. Also, the manager of a company's ethical duty is to hire people that seems best for the job and not based on the color of their skin. D. dining/food service, Which of the following are stakeholders? Starbucks baristas are paid above the minimum wage, even at the entry-level position. Laplume, A., Karan, S. & Litz, R. (2008). Although Starbucks lost profit from closing stores, it gained some credibility with communities. Which of the following are well-documented outcomes? 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. Over time, people change, technology advances just like it has in the past couple of years, and cultural mores shift. A. finance* d. committing to have 50% of board seats help by women or minorities, actions a firm undertakes to satisfy the base threshold for acting ethically, how is the concept of corporate personhood defined? Which seven-step guidelines are designed to help organizations with compliance and reporting? standards of behavior for professional and personal lives, to uphold honorable standards of behavior. Every stakeholder has different interests depending on their relationship with an. Select the best answer. this is an example of.. The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders. Journal of Business Ethics, 108(3), 285298. c. utmost conduct Starbucks has also been accused of overpricing its products, particularly concerning its franchises in China, and of underfilling its cups as well (Laplume et al., 2008). In the most generic form of stakeholder groups, Starbucks has an effect on its Employees, Customers, Community, Suppliers, Shareholders, Government, and Competitors. Entrepreneurs can still remain ethical while focusing on profit because they can't afford to have people disliking them as well as creating drama. (b) Analyze: Why do you think Juliet trusts the Friar? (Select all that apply.) Answer: True, True or false? An ethical financial advisor must ________. Answered over 90d ago. Has opportunity to lead a team. A. Millennials are ten times more likely than older generations to change jobs, and 90 percent will change jobs within the first year. Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . Stakeholder ethics involves a body of thought which insists that the ethical responsibilities of corporations extend not only to the shareholders but also to the full range of interests that are impacted by corporate activity. focused on stakeholders, and perhaps instead concentrated on consumers or shareholders, could a. implementation of values The most important function of the board of directors is to hire the president or In three to four sentences, describe the difference between legal compliance and social responsibility. Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? AACSB: Application, Difficulty: Moderate Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Explain Lynn Stouts view of the role of shareholders and the implication for stakeholder a hypothetical situation in which rational people can arrive at a contract. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. C. Stakeholder perceptions have a large impact on success. companies that intentionally keep hours at less than 29 to avoid more costly regulations like the ACA For that law, companies are. PR Related Events and Strategies & Tactics Used Timeline of Key PR Related Events He has the following security-related information: Parvalue$1,000Couponinterestrate6%Taxbracket20%Cost$930Yearstomaturity10\begin{array}{llll} 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. Blooms: Application Difficulty: Difficult \end{aligned} Stakeholder management and CSR: Questions and answers. 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? A. Blooms: Remember Acculturation refers specifically to the cultural transmission and socialization process that stems from cultural exchange. b. ethics is about what someone does After c. is an unattainable goal of perfect virtue Thornton & Ross, part of the Stada group, are one of the UK's fastest-growing, leading producers of household pharmaceutical products & own some of the country's most loved brands such as Covonia, Hedrin, Cetraben as well as the leading disinfectant Zoflora. For Starbucks, its major stakeholders include employees, customers, suppliers and stockholders. beds, which is acceptable in that culture. 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. On one hand, Starbucks is frequently praised as a company that is committed to corporate social responsibility and stakeholder ethics when it comes to labor relations (Miles, 2012). &\text { Defectives }\\ consumed by 20% of the worlds population. About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. a. business should behave ethically, focusing only on environmentalism Quality Glossary Definition: Stakeholder. Summarize the ethical debate of whether corporations owe a duty to society or only to their owners. What research did the BBC Earth Lab cite to prove or disprove that subliminal advertising is real? ), positive customer experiences Which of the following are Starbucks' stakeholders? Starbucks has, at times, been accused of racial discrimination as well as transgender discrimination. Some ads exaggerate or distort what goods or services deliver. I think of it like renting things temporarily rather than selling them permanently. 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 . All companies must have a board of directors. c. business should behave ethically, being responsible to all stakeholders Mansell, S. (2013). B. local and regional governments* governance. Which are some types of stakeholder relationships that a local chamber of commerce would have? local, state, national, and international laws and regulations. The environment is not considered a stakeholder. Those men later settled d. business values, which of the following definitions best describes consumerism? The main reason for forming a corporation is to limit the liability of the owners. Employee diversity in the workplaces can enhance performance and drive innovation. Lorem ipsum dolor sit amet, consectetur adipiscing elit. B. Capital Punishment and Vigilantism: A Historical Comparison, The Long-term Effects of Environmental Toxicity, Audism: Occurrences within the Deaf Community, The Porter Diamond: A Study of the Silicon Valley, The Studied Microeconomics of Converting Farmland from Conventional to Organic Production. 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. AACSB: Application, Ethics, Difficulty: Moderate 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. A) Employees B) Customers C) Shareholders D) Economy McDonald's London, England, United Kingdom1 month agoBe among the first 25 applicantsSee who McDonald's has hired for this roleNo longer accepting applications. B. amenities* Organizational responsibility statements are usually straightforward: They say comply with the applicable ________. 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. Since the advent of 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 Starbucks confirmed the results of the vote to CNN Business. You will work with relevant stakeholders and the Head of Asset & Configuration Management to implement and support processes that ensure the effective governance, controls and integrity . All Rights Reserved. 12 & 14 & 11 & 8 & 7 & 12 & 15 & 9 & 16 & 13 & 11 & 10 & c. a business owner's protection against loss of personal assets Provide at least two examples of how employees' expectations of work have changed in modern business. Ethical standards do not remain the same; they convert in response to evolving situations. Difficulty: Moderate We will send [DOCUMENT_TITLE] to your email. (Select all that apply.) 35.Deconfliction is necessary when the penetration test: A. determines that proprietary information is being stored in cleartext. b. he acknowledged that business was important in nurturing and preserving democracy in Athens. 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. How can entrepreneurs best ensure their customer-service vision is passed on to employees? Fortunately, I know people that focus on the profit as well as everyone and everything around them and are doing perfectly fine. 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. Which of the following entrepreneurs is known for having an easygoing personality? True or false? Freeman is best known for his work on stakeholder theory and business ethics, in which he suggests that businesses build their strategy around their relationships with key stakeholders.
