which of the following are starbucks' stakeholders which of the following are starbucks' stakeholders

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. Summary Of Experience B. marketing* A. entities and people invested and influential in the success of an organization* 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. Blooms: Apply According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? For ex. consumed by 20% of the worlds population. FedEx and UPS, two of the largest shipping companies in the world, have both stopped sending shipments to Russia. Sample Answer: In May 2018, Starbucks closed its stores after an incident in which two African On the contrary, CSR is the practice by which a company or business views itself within a broader context. In 1981, Howard Schultz (Starbucks chairman and chief executive officer) had first walked into a Starbucks . FedEx and UPS. ), Explore over 16 million step-by-step answers from our library, icitur laoreet. Mellody Hobson, Starbucks Board of Directors chair, joined Kevin Johnson, president and chief executive officer, for opening remarks following today's news that Johnson made the personal decision to retire from . 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? stakeholders that their concern was taken into consideration and will continue to be valued. Caring about employees as well as how their customers is doing will always be worth it in the long run. Pellentesque dapibus efficitur laoreet. c. Assume that Humongous bank is part of a multibank system. a. courage, decorum, and accountability There are may benefits owners receive from doing business as a corporate entity like Limited Liability, Perpetual Existence, Control, along with many others. D. Present information to the board of directors. 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. It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. B. Supervising middle and senior management a. he viewed those outside economic and political circles as virtuous After 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. Which of the following is the lesson learned from the Edsel story? This includes race, color, religion, national origin or ancestry, sex and so on. Donec aliquet. Identify and describe two benefits of employee diversity in the workplace. For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. He has the following security-related information: Parvalue$1,000Couponinterestrate6%Taxbracket20%Cost$930Yearstomaturity10\begin{array}{llll} cows and also pollutive, concentrating animal waste in the ground, air, and water. AACSB: Analytical. Which of the following is an example of an external stakeholder of an organization? They f(x)=x48x2+16, (A)[1,3](B)[0,2](C)[3,4](A)\ [-1,3]\qquad (B)\ [0,2]\qquad (C)\ [-3,4] A company's Board of Directors is responsible for guiding CEO succession, which should be a well-planned event. Blooms: Understand Nam lacinia pulvinar tortor nec facilisis. A. wages C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make (Starbucks does not follow the traditional franchising terms.) Make a list of Starbucks' goals. Laplume, A., Karan, S. & Litz, R. (2008). The entitlement of the environment to legal status is a long-argued d. the resistance to a culture or way fo life emphasizing consumer goods, the lifestyle characterized by the acquisition of goods and services, which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? Difficulty: Difficult b. Describe Kant's "Deontology" view of ethics. 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 c. Samsung assumed the risk of exposure and picked up the washers c. ethics is the guiding principle for dealing with others B. her portrayal of the character was not approved The way corporations pay their "duties" to the owners is by distributing the profits to shareholders in the form of dividends after earning revenue and deducting expenses. * A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent. (2013). Since the advent of His expertise also extends to areas such as leadership, corporate responsibility and business strategy. A) Employees B) Customers C) Shareholders D) Economy d. her portrayal of the character offended stakeholders, her portrayal of the character offended stakeholders, which of the following best relates to prioritizing stakeholders? D. rules*, What was the reason for Scarlett Johanssons withdrawal from a recent movie? How much will money supply increase with that original loan of $19 million? d. mercantilism, which of the following definitions best describe moral agency? Humongous Bank is the only bank in the economy. The three Starbucks founders had two things in common: they were all coming from academia, and they all loved coffee and tea. It is important for executives to interact with outside-environment stakeholders Starbucks baristas are paid above the minimum wage, even at the entry-level position. Difficulty: Moderate All stakeholders must be treated the same. influence suppliers working conditions. There are also organizations. In some What research did the BBC Earth Lab cite to prove or disprove that subliminal advertising is real? C. Gather and analyze appropriate data. 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 D. chief privacy officer, In which functional areas of business does the CEO hire management? Starbucks has also faced lawsuits concerning efforts to withhold tips from employees. One that not only. a positive bottom line. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 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. coffee and tea growers. 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? Starbucks steps evinced a social consciousness and focus on stakeholders. a. ethics applies solely to business-making Which of the following is changing the environment in which many of the world's industries compete? The main reason for forming a corporation is to limit the liability of the owners. Consult with business partners, managers or other key stakeholders. Thus, Ikea changed in response to consumer stresses that a company must sustain trust with stakeholders. 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Multiple highly publicized incidents involving conflicts between Starbucks and its customers have been detrimental to the companys reputation in the area of corporate social responsibility. A diverse workforce yields many positive outcomes for a company. which of the following most likely contributes to a corporation's positive work atmosphere over the long term? Enacted in 1966, which of the following laws is the most important U.S. law forbidding cruelty to animals in laboratory settings? Blooms: Apply I think of it like renting things temporarily rather than selling them permanently. a. Humongous Bank decides on a policy of holding 100% reserves. Which of the following definitions best describes mercantilism? Which are some types of stakeholder relationships that a local chamber of commerce would have? 12 & 14 & 11 & 8 & 7 & 12 & 15 & 9 & 16 & 13 & 11 & 10 & 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. There is a growing recognition of the need for corporate accountability. a. the responsibility a company has regarding justice and care d. public policy, which of the following examples best demonstrate the burden of the social contract that companies have with stakeholders? No.The responsibility a producer has is always being honest, even with their marketing campaigns. Lorem ipsum dolor sit amet, consectetur adipiscing elit. AACSB: Application, Difficulty: Easy d. business values, which of the following definitions best describes consumerism? Blooms: Remember which of the following is the best description for what it means to be a professional of integrity? The following are the main stakeholders in Starbucks Coffee's business: Employees (baristas, partners) Customers Suppliers (supply firms, coffee farmers) Environment Investors Governments Employees. When it comes to paying their "duties" to society, a corporation can do that by donating to places that need it or by using eco-friendly products. (Select all that apply.). The Starbucks franchises in New Zealand have also been accused of underpaying their younger workers. AACSB: Application, Real-world. Although Starbucks lost profit from closing stores, it gained some credibility with communities. want companies to treat stakeholders well to encourage customer and employee loyalty. Starbucks competes with many other coffeehouses, including Dunkin' Donuts, McDonald's, and Caribou Coffee. 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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). STARBUCKS CASE PART 3 - GROUP 1. D. Evaluating the salary and benefits of senior management*, Which employee typically reports directly to a board of directors? which are the universal principles of behavior? 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. Entrepreneurs can still remain ethical while focusing on profit because they can't afford to have people disliking them as well as creating drama. Stakeholders: Essentially contested or just confused? Which is the best example of a novelty craze? (Select all that apply.) 35.Deconfliction is necessary when the penetration test: A. determines that proprietary information is being stored in cleartext. 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 . C. legal compliance* Their concerns are identified through data gathering and analysis, Sample Answer: MITRE is a five-step guide to stakeholder assessment and management. Which intellectual, emotional, and social human trait affects all decision-making, including ethical decisions? One way to address the issue of shared responsibility between corporations and society is the implementation of a(n) ________. The airline is now focused on promoting Muslim Employees are one of the most important internal stakeholders of Starbucks. D. plastic-cover manufacturers, Which are some types of stakeholder relationships that a local chamber of commerce would changes. this is an example of.. Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Chapter 3: Defining and Prioritizing Stakeholde, A. minority- and women-owned small business owners*, A. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Sample Answer: Ikea is a multinational furniture store. Cambridge: Cambridge University Press. Miles, S. (2012). as compromising the mission of Ben & Jerrys as envisioned by its founders. It is also competing with companies like Peet's Coffee & Tea Company, which have more exclusive products. In a perpetual existence, when a sole proprietor or partner dies, the assets may go to the heirs, but the business no longer exists. The California Transparency in Suppose that they do, and receive something completely different than what was shown on the market, do you think they will keep buying from that place? Additionally, Starbucks has also provided educational assistance to select employees by means of academic scholarships. B. Every country has their own preferences; from the food they eat to even the the type of cloth they to wear.