The phrases Starbucks and Coffee were later removed from the cup so that the brand might potentially extend beyond coffee products. Draw a T-account for the bank. Difficulty: Moderate Quality Glossary Definition: Stakeholder. A) Employees B) Customers C) Shareholders D) Economy Which of the following is considered the most important internal stakeholder of a corporation? How much will money supply increase with that original loan of $19 million? What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? Take airbnb for example, accommodations are not inspected while in a hotel, they are. 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). It A. milk producers* AACSB: Analytical, Difficulty: Easy Starbucks continually emphasizes its commitment to corporate social responsibility. A decision to be less Blooms: Apply c. ethics is the guiding principle for dealing with others Too Short! which of the following is the best description for what it means to be a professional of integrity? b. ethics is about what someone does C. legal compliance* The most immediately visible and representative employees of Starbucks are the individuals that engage as servers in Starbucks stores. stresses that a company must sustain trust with stakeholders. c. utmost conduct McDonald's London, England, United Kingdom1 month agoBe among the first 25 applicantsSee who McDonald's has hired for this roleNo longer accepting applications. Shippers. Laplume, A., Karan, S. & Litz, R. (2008). Starbucks set out on its current course in the 1980s . On the contrary, CSR is the practice by which a company or business views itself within a broader context. AACSB: Ethics, Difficulty: Easy Blooms: Remember Donec aliquet. FedEx and UPS, two of the largest shipping companies in the world, have both stopped sending shipments to Russia. Felix Madison has $10,000 worth of property damage insurance and a$1,000 deductible collision insurance policy. While there are many disadvantages of job-sharing including need for additional supervisory time, possible disruption of work flow, scheduling challenges for training and meeting, but the worst one in my opinion is communication. Which. D. Present information to the board of directors. Miles, S. (2012). The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders. a. U.S. jurisprudence Which of the following is an example of an external stakeholder of an organization? Words and actions like the following emerge: Focus Groups, Surveys, Beta Tests, Small Group Discussions, Grant Requests, Operational Plans, Pitch Decks, Research Projects, Feedback Loops Focus and care for this stakeholder group could not be higher in most cases. 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Sample Answer: Customers are articulate about their views of a company. Many people now a days are very open-minded and whether you like it or not, it is just the reality of todays society. (2013). To uphold honorable standards of behavior. c. Compute and plot the A, B, and C zone boundaries on the p-chart. Since the advent of Ethical standards do not remain the same; they convert in response to evolving situations. Starbucks baristas are paid above the minimum wage, even at the entry-level position. C. her portrayal of the character offended shareholders Draw a T-account for the bank after this first round of loans has been made. Mansell, S. (2013). Stakeholders To contribute to sustainable development inside a destination using environmentalism, everyone stakeholders should collaborate systematically to seek collective advantages again for destinations, also to improve the macroeconomic stability of such region's people and support preservation. 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 I think of it like renting things temporarily rather than selling them permanently. Explain using details from the text. b. A. her portrayal of the character was insincere 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? (Select all that apply. Difficulty: Difficult JFR Crew Member applicants must be a full-time high school student between the ages of 16-18 as of July 1 of the current year. Which are some types of stakeholder relationships that a local chamber of commerce would have? Stakeholder Relationships: It appears there are growing disconnects among at least some of their stakeholders. Donec aliquet. which of the following most likely contributes to a corporation's positive work atmosphere over the long term? Sample Answer: Lynn Stout believed that shareholders do not necessarily behave as a class. a. pollution tax 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. 35.Deconfliction is necessary when the penetration test: A. determines that proprietary information is being stored in cleartext. Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? As Starbucks, we can either choose to rise to this moment or stand idle. Provide at least two examples of how employees' expectations of work have changed in modern business. Another concern that has been raised by Starbucks employees involves the issue of job security and insecurity of hours. Which of the following statements does not depict deontology? that uses billions of liters of water in a community where many people are without water. For example, some Starbucks employees have joined labor unions and become involved with lawsuits against the firm over such issues as back pay, withheld wages, wrongful termination, and union-busting activities that included retaliation against employees that were involved in union-related activities (Phillips, 2003). B. amenities* have? B. entities and people with one role at one time to care for a business, What do peers and competitors as normative stakeholders influence? Stakeholders: Essentially contested or just confused? A normative approach views stakeholders as ends in themselves rather B. shareholders Which concept holds that workers should be paid on the basis of the value of their job to the organization? d. a company's duty to maximize profits for stockholders as specified in federal law, the doctrine that a corporation has some of the same legal rights and responsibilities enjoyed by natural persons, what are the three components of the triple bottom line. c. the theory that global wealth is static and prosperity comes from wealth through extraction 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. Which of the following are considered intellectual virtues? 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? Fu, itur laoreet. For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. (Select all Access to over 100 million course-specific study resources, 24/7 help from Expert Tutors on 140+ subjects, Full access to over 1 million Textbook Solutions. 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. 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? Donec aliquet. Environmentalists raise the issue of species and b. the doctrine that a corporation has some of the same legal rights and responsibilities enjoyed by natural persons Stakeholder theory and organizational ethics. the cost of stakeholders. 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? be detrimental to a company. b. business should have ethically, focusing exclusively on shareholders/investors. training. Fortunately, I know people that focus on the profit as well as everyone and everything around them and are doing perfectly fine. Sample Answer: A company needs to be aware of its stakeholders. Select the best answer. Maybe complaining online or in customer service reviews would be The principles of stakeholder ethics overlap with the parallel principles of corporate social responsibility. Pay Range : $123,600- $193,200/ annually. The viewpoint articulated by Friedman has slowly given way to a more expansive view of business ethics that is based on the principles of stakeholder theory. gender Additionally, the company maintains a range of opportunities for internal promotion. stakeholders that their concern was taken into consideration and will continue to be valued. b. globalization 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. c. he believed one secures one's own good outside of political science influence suppliers working conditions. Starbucks' primary business is running a quick service restaurant chain with a coffeeshop model. 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. Blooms: Apply They can be found working as baristas, store managers, or regional executives. Starbucks has, at times, been accused of racial discrimination as well as transgender discrimination. 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. About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. &\text { Defectives }\\ Starbucks was founded by Jerry Baldwin, Gordon Bowker, and Zev Siegl, opening its first store in 1971 near the historic Pike Place Market in Seattle. OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders, Chapter 3: Defining and Prioritizing Stakeholders, Difficulty: Easy The following is a guide to engaging successfully with stakeholder groups. social media, they are apt to speak up about their customer experience. c. Citizens United This even perhaps industry standards? Furthermore, there is What is the projected market size and growth rate of the Decaf Coffee Market? results to decision makers in management. Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? 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. Course Hero is not sponsored or endorsed by any college or university. A. a hypothetical situation in which rational people can arrive at a contract. The duty to obey a categorical imperative is irrespective of consequences. c. actions a firm undertakes to satisfy the base threshold for acting ethically Secondly, Starbucks Coffee Company is a big name and anybody loves to be associated with a big company. Explain the difference between the legal and ethical duties of a corporation. These are standard stakeholders of almost every business that operates in the United States or overseas. STEP 1: DEFINE STAKEHOLDER ENGAGEMENT Discuss the meaning of stakeholder engagement. uproar. AACSB: Ethics, Application, Difficulty: Moderate The environment is not considered a stakeholder. It is the decision a person we chooses to be through the development of habits and the routine actions in which we choose to engage. 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. AACSB: Application, Ethics, Difficulty: Moderate simply advertising. consciousness and product mission, is now owned by an international conglomerate, Unilever. P3-1. Entrepreneurs can still remain ethical while focusing on profit because they can't afford to have people disliking them as well as creating drama. Select the best answer. b. her portrayal of the character was not approved making sure the stores employees and the company policies were sensitive toward identifying