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

Protected classes are created by both federal and state law. Which of the following is not an example of a diffused shareholder? ), True or false? Maintain strategic stakeholder engagement by working alongside fellow Project Delivery teams, Senior Management and your customers delivery lead/function to identify strategic issues; Oversee the quality assurance of estimates or model within the function to ensure they are fit for purpose Starbucks operates in more than 80 markets, either in the form of direct company-owned stores or licensed stores. Starbucks is opening small cafes half the size of existing cafes. It is also competing with companies like Peet's Coffee & Tea Company, which have more exclusive products. a. community stakeholders. governance. C. Defining a companys ongoing mission* Starbucks competes with many other coffeehouses, including Dunkin' Donuts, McDonald's, and Caribou Coffee. good for business and the right thing to do from an ethical standpoint. In China, Ikea allows its visitors to take naps on A stakeholder is any party, individual, or group interested in an organization's actions and outcomes. There is a growing recognition of the need for corporate accountability. a. U.S. jurisprudence Lorem ipsum dolor sit amet, consectetur adipiscing elit. Which of the following definitions best describes mercantilism? Job Summary and Mission. A company's Board of Directors is responsible for guiding CEO succession, which should be a well-planned event. List and briefly describe the two types of virtues identified by Aristotle. 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. The main difference between a bribe and a gift is intent. Defectives16121414911118157812121516917161313151110109. Select the best answer. &\text { Defectives }\\ All stakeholders must be treated the same. b. code of ethics essence of Stouts view is concern that shareholders may want to maximize their investment at 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. b. competitors with Starbucks in lieu of a civil action against the corporation. A diverse workforce yields many positive outcomes for a company. B. local and regional governments* 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. They need to develop sustainable sources of quality beans. Blooms: Understand changes. 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. One that not only. C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make Organizational responsibility statements are usually straightforward: They say comply with the applicable ________. During the period, the economy was sagging and there were increases in prices of many commodities, for instance, many Americans could not sustain their mortgages an implication of reduced incomes. If those entrepreneurs have good morals, it will come natural and it will show. (Select all that apply. and avoiding bias. Explain using details from the text. Blooms: Remember There are also organizations. AACSB: Reflection, Application, Difficulty: Difficult A. entities and people invested and influential in the success of an organization* virtue ethics (the third normative approach)- focuses on the character of the decision-maker. company. Answer: False. This button displays the currently selected search type. In some b. the Dutch and Native American trade Furthermore, there is Academy of Management Review, 22(4), 853886. Which is the primary law prohibiting religious discrimination in the private sector workplace? a. implementation of values CSR includes the duties a corporation many owe a duty to to benefit to many stakeholders, customers, the community, the environment, employees, media, and the government. Blooms: Evaluate Of course companies have the responsibility to market their products with integrity because without them, the business would be no where. 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. Course Hero is not sponsored or endorsed by any college or university. 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. 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. 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? Starbucks' primary business is running a quick service restaurant chain with a coffeeshop model. OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders, Chapter 3: Defining and Prioritizing Stakeholders, Difficulty: Easy March 16, 2022 4 min read. Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. * business and sustainability strategies. It is in a business's best interest to promote human flourishing within the organization by providing ________. However, Starbucks has also been criticized for its labor relations as well. Download Assets. a. courage, decorum, and accountability Cross), Give Me Liberty! a positive bottom line. 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. Which of the following is a resource made available to employees, in addition to salary? C. remuneration Which of the following is NOT a characteristic of a strategic leader and stakeholder such as Howard Schultz? b. Humongous Bank is required to hold 5% of its existing$20 million as reserves, and to loan out the rest. It must determine which are Blooms: Application Large corporations such as Urban and suburban communities Blooms: Apply The company promotes itself as a firm that seeks to maximize the comfort of its customers, and the provision of top-quality customer service. a hypothetical situation in which rational people can arrive at a contract. Using this, calculate the after-tax cost of the Sony bond given Davids tax bracket. Participate in and support community . b. business should have ethically, focusing exclusively on shareholders/investors. ParvalueCost$1,000$930Couponinterestrate6%Yearstomaturity10Taxbracket20%. b. standards of behavior f(x)=x48x2+16, (A)[1,3](B)[0,2](C)[3,4](A)\ [-1,3]\qquad (B)\ [0,2]\qquad (C)\ [-3,4] We will send [DOCUMENT_TITLE] to your email. Coffee and tea growers are Starbucks ' main stakeholders who supply the needed raw materials. A firm's vision is the foundation for its mission. Nam lacinia pulvinar tortor nec facilisis. Explain Lynn Stouts view of the role of shareholders and the implication for stakeholder 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. (1997). 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. An employee who works in the graphic design department of a large advertising agency most likely cannot moonlight after business hours for a friend's ________. 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. Consult with business partners, managers or other key stakeholders. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 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. celebrated coffee and the rich tradition, but that also brought a feeling of connection. Select a product or service that will be sustainable. This can be a consumer who is unable to express their discontent with a product or c. a business owner's protection against loss of personal assets The In the case of Coca-Cola, its website discusses stakeholder engagement in a D. It is effective because it expects NGOs, state governments, and political action committees to Here is a list of some of the most common external stakeholders your organization may work with: Customers Communities Although Starbucks lost profit from closing stores, it gained some credibility with communities. c. he believed one secures one's own good outside of political science 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. 35.Deconfliction is necessary when the penetration test: A. determines that proprietary information is being stored in cleartext. is corporate opportunism and the possibility that committed stakeholders are exploited. Consumers support big box stores that offer quality goods and reasonable prices, Which of the following are Starbucks' stakeholders? What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? Many baristas have eventually become managers and worked their way up into higher positions within management (Mitchell, Agle, & Wood, 1997). reidentify stakeholders. the belief that business is not culturally neutral. generations, such as the case with pollution. 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. How does a corporation prioritize stakeholder claims? Difficulty: Difficult (Select all that apply.) Blooms: Remember Employees and customers are the two most visible manifestations of the activities of Starbucks and certainly the most visible stakeholders (Mansell, 2013). We are, therefore, What is the responsibility of the producer and the consumer? Select the best answer. 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. Quality Glossary Definition: Stakeholder. It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. Bonus Eligible : Yes. ), positive customer experiences Over time, people change, technology advances just like it has in the past couple of years, and cultural mores shift. influence suppliers working conditions. C. environmental agencies In three to four sentences, describe the difference between legal compliance and social responsibility. Community members may view big box stores as a threat to small businesses' livelihood. It is not necessary to conduct extensive market research. Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. premise by lawyers and legal-aid groups. Sample Answer: Customers are articulate about their views of a company. Starbucks Stakeholder Analysis. Sample Answer: In May 2018, Starbucks closed its stores after an incident in which two African Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? beds to show customers the available bed sizes. Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? 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 . Lorem ipsum dolo, ac, dictum vitae odio. AACSB: Application, Difficulty: Moderate (Select all that apply. a. leads people to treat others as a means to an end the theory that prosperity depends on extracting wealth or accumulating it from others. Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. Its normal and keeps things interesting in my opinion. Which of the following are Starbucks' stakeholders? Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit. even perhaps industry standards? Consequently, the argument is made that corporations should aspire to be good corporate citizens that demonstrate care for the full range of stakeholders that are impacted by their activities. It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics.