via the notion of what constitutes necessity as opposed to luxury. A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent. (Select all that apply. Having theoretical approaches to stakeholders highlights In a short paragraph, describe the difference between enculturation and acculturation. d. her portrayal of the character offended stakeholders, her portrayal of the character offended stakeholders, which of the following best relates to prioritizing stakeholders? Labor union membership remains much higher in Europe and other Group of Seven countries than in the United States, in part because some of those countries allow managers to be members of the union. 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. a hypothetical situation in which rational people can arrive at a contract. Operations Management questions and answers. Blooms: Apply influence suppliers working conditions. Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). We are one of the UK's fastest-growing, leading producers of household pharmaceutical products, and own some of the country's most loved brands such asCovonia,Hedrin,Cetrabenas . Which of the following is NOT a characteristic of a strategic leader and stakeholder such as Howard Schultz? Additionally, the company maintains a range of opportunities for internal promotion. What research did the BBC Earth Lab cite to prove or disprove that subliminal advertising is real? Job Summary and Mission. marketplace, Starbucks has an opportunity to lead by example. have? They need to develop sustainable sources of quality beans. Stakeholders of Starbucks (Starbucks stakeholder analysis) In several sentences, describe how ethical standards can shift with geography and time. These are standard stakeholders of almost every business that operates in the United States or overseas. a. ethics applies solely to business-making His expertise also extends to areas such as leadership, corporate responsibility and business strategy. It is insufficient to have a mission statement, language on a website, or only applies to shareholders, and it is the amount of money a shareholder could make after selling a holding in a company, True or False: the prevailing current business philosophy is that the sole purpose of business is to make money for shareholders, True or False: customer feedback on social media sites does not affect a company's prospects or status as ethical, True or False: for utilitarianism, the intent of the actors and how humanely people are treated are treated are the determining factor, True or False: individuals, in are the most basic ethical unit, True or False: virtue emphasizes the formation of character, True or False: laws and regulations set the maximum standards by which society lives out ethical norms, morality, as considered by Kant It is ineffective because it only requires disclosure of information about suppliers' working conditions and does not govern those suppliers. Draw a T-account for the bank after this first round of loans has been made. Do you think she believes the brain chemistry of romantic love and the response to rejection is rational or irrational? Here is a list of some of the most common external stakeholders your organization may work with: Customers Communities Answer: True, True or false? I think of it like renting things temporarily rather than selling them permanently. From just a narrow storefront, Starbucks offered some of the world's finest fresh-roasted whole bean coffees. Difficulty: Difficult Stakeholders To contribute to sustainable development inside a 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. B. Supervising middle and senior management 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. Explain an employee's common law duty of loyalty to their employer. B. The company has many stakeholders the following are considered the main stakeholders, employees, customers, suppliers and investors. b. globalization What constitutes a reasonable profit may be unfair. Blooms: Understand 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. For the coffee producers, Starbucks' position with regards to their needs can have a tremendous impact on the ways in which other coffee purchasers treat them as well. Which is the primary law prohibiting religious discrimination in the private sector workplace? Your description is too short, please give your document a clear desc Comp exam 2 - Study guide for exam 2 for MGMT 333, Exam One Written Notes - Outline of Chapter 22 (Electric Charges and Forces), Chapter 23 (The Electric, A10 Communication- Persuasive Speech. 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). CALYX hiring Director, HRIS in Nottingham, England, United Kingdom such as Yelp where customers share their good and bad experiences. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. including surveys or social media, for example. a. Samsung's washers had a spin-cycle problem in 2017 a. milk producers What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? Starbucks Coffee Company supports its competitive advantages through the characteristics of its corporate structure. 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. AACSB: Reflection, Application, Difficulty: Difficult The normative approach most appropriately FedEx and UPS, two of the largest shipping companies in the world, have both stopped sending shipments to Russia. (Select all that apply.) d. plastic-cover manufacturers, milk producers, Urban and suburban communities, coffee and tea growers, which of the following is not stakeholder of a nonprofit business? Which of the following are factors included when applying a legal definition of diversity? What are Stakeholders? Stakeholder Definition | ASQ Berrett-Koehler Publishers. Starbucks's Organizational Structure & Its Characteristics Explain how Ikea has had to adapt its business model in different countries. A. wages A decision to be less generations, such as the case with pollution. Our responsibility starts with being accountable to Starbucks stakeholdersour partners, customers, shareholders, suppliers, community members and othersand communicating openly about our business practices and performance. In several sentences, describe one ethical draw-back of job-sharing. \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ In 1981, Howard Schultz (Starbucks chairman and chief executive officer) had first walked into a Starbucks . 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. It Starbucks's Mission Statement & Vision Statement (An Analysis) Blooms: Remember Defence Equipment & Support (DE&S) hiring Senior Cost Estimator in Starbucks Stakeholder Analysis. Rachel Carsons 1962 book, True or false? B. her portrayal of the character was not approved AACSB: Analytical, Difficulty: Easy Managing and executing the strategy of a company Which of the following is not a belief that businesses hold? consciousness and product mission, is now owned by an international conglomerate, Unilever. (promenades; tarries). Pellentesque dapibus efficitur laoreet. essence of Stouts view is concern that shareholders may want to maximize their investment at Mitchell, R. K., Agle, B. R. & Wood, D. J. a. he viewed those outside economic and political circles as virtuous Identify shareholders. Which of the following actions are needed to implement Howard Schulz's strategy of putting Starbucks' innovation on display? d. cap and trade tax, a " moral minimum" means which of the following? Often there is a hierarchy that places consumers or customers first. It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. Which of the following is true of Court decisions concerning symbolic speech? And there are two types of stakeholders, including the primary and seconday stakeholders ( Clarkson, 1995). A. industry norms* (Select all that apply.) Starbucks Stakeholder Analysis | Blablawriting.com Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. Blooms: Remember * (Starbucks does not follow the traditional franchising terms.) In the case of Coca-Cola, its website discusses stakeholder engagement in a c. business should behave ethically, being responsible to all stakeholders Explain how owners benefit from doing business as a corporate entity. Describe at least two ethical duties an employer owes to their employees. Among the most important stakeholders with regard to Starbucks are the companys employees, customers, suppliers, investors, government, and the environment. Humongous Bank is the only bank in the economy. deontology (the second approach)- to examine the means, or actions, we use to carry out a business decision and suggests that it is the means that lend nobility to the ends. d. Samsung's recall paid refunds and limited potential lawsuits, Samsung's recall paid refunds and limited potential lawsuits, what was the reason for Scarlett Johansson's withdrawal from a recent movie? AACSB: Real-world, Difficulty: Moderate Of course companies have the responsibility to market their products with integrity because without them, the business would be no where. Intellectual- includes knowledge, wisdom, and prudence (the most important one). A. finance* This 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. Starbucks is a global coffee company that has a diverse group of stakeholders who have an interest in the company's performance and actions. C. Gather and analyze appropriate data. Message from Howard Schultz: On the Future of Starbucks Starbucks: More Value For Shareholders Through - SeekingAlpha Who Are Stakeholders In A Business? | Indeed.com In many ways, Starbucks is indeed a firm that maintains higher standards concerning the treatment of employees than many other firms in service-related retail industries (for example, fast food restaurant chains and superstores). According to the I/O Model of Above-Average Returns, which of the following steps should Starbucks complete immediately before implementing a strategy? (Select all that apply. b. applying U.S. law regarding child labor globally d. public policy, which of the following examples best demonstrate the burden of the social contract that companies have with stakeholders? Blooms: Understand Which are some types of stakeholder relationships that a local chamber of commerce would have? b. carbon tax 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. The following points outline skills and experiences that are considered assets: First Aid and CPR certification. Which of the following is an example of an external stakeholder of an The following are the main stakeholders in Starbucks Coffee's business: Employees (baristas, partners) Customers Suppliers (supply firms, coffee farmers) Environment Investors Governments Employees. C. Defining a companys ongoing mission* normative, descriptive, and instrumental approaches. most important, given its provision of goods and services. This includes Mexico, which has a Coca-Cola plant c. humanistic business model 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? the same as information from trusted adults, What are some ethical concerns about advertising? \end{array} 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. Donec aliquet. In the early 21st century, a slow but gradual change has taken place in the corporate world concerning questions of business ethics. Which is the best example of a novelty craze? Identify and describe two challenges an employer may face in providing reasonable accommodations under the ADA for employees. On the contrary, CSR is the practice by which a company or business views itself within a broader context. AACSB: Application, Analytical, Difficulty: Moderate (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. Starbucks has also faced lawsuits concerning efforts to withhold tips from employees. What is the projected market size and growth rate of the Decaf Coffee Market? Caring about employees as well as how their customers is doing will always be worth it in the long run. inauthentic in carrying out corporate social responsibility when the company already has which are the universal principles of behavior? Today, Starbucks hosted its 30 th annual meeting of shareholders virtually. Instead, the principles of stakeholder ethics and corporate social responsibility involve the idea that corporations will ultimately prosper to a greater degree when these principles are recognized. 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 . D. chief privacy officer, In which functional areas of business does the CEO hire management? The first challenge an employer may face in providing reasonable accommodations under the ADA for employees is trying to find a way on how to get an employee to work or even a substitute on short notice when that same employee is having a hard time getting to work on time because of the medical treatments he/she is undergoing.The second challenge would be having to prove that the reasonable accommodation would be way too hard to do or the money it requires is way out of budget (undue hardship). nature as stakeholders. D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? We are, therefore, Blooms: Application Decaf Coffee Market Size, Share & Trends Analysis Report - MarketWatch There are dedicated sites It must determine which are protect than a trademark or patent. B. amenities* and avoiding bias. The international standard providing guidance on social responsibility, called ISO 26000, defines a stakeholder as an "individual or group that has an interest in any decision or activity of an organization." Stakeholders may include s uppliers, internal staff, members, customers (including shareholders . operations (CAFO). AACSB: Application, Real-world, Difficulty: Moderate c. media Thus, Ikea changed in response to consumer simply advertising. AACSB: Application, Difficulty: Easy True or False: The environment is not considered a stakeholder, True or False: Goodwill . c. Assume that Humongous bank is part of a multibank system. company. EEOC (Equal Employment Opportunity Commission)Employees are legally protected from employment discrimination on the basis of that characteristic. b. set of cultural norms Quality Glossary Definition: Stakeholder. d. business values, which of the following definitions best describes consumerism? Select a product or service that will be sustainable. Miles, S. (2012). Urban and suburban communities One big issue access economy has is lack of regulations, especially when it comes to overseeing the products and services exchanged during the transaction. * They can affect how successful Starbucks is by doing their job and providing inputs into decisions that go into creating products and services that customers want. Business & Society Flashcards | Quizlet Supply Chains Act also implicates the welfare of stakeholders. A firm's vision is the foundation for its mission. c. conscientiousness, honor, and accountability MANGMT 4970 EXAM 1 (QUIZ QUESTIONS & CONCEPTS), Allen Cognitive Levels (ACL) & Allen Diagnost, CompTia A+ 220-1001 Core 1 Certification Prac, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Service Management: Operations, Strategy, and Information Technology, Information Technology Project Management: Providing Measurable Organizational Value. (review sheet 4), Leadership class , week 3 executive summary, I am doing my essay on the Ted Talk titaled How One Photo Captured a Humanitie Crisis https, School-Plan - School Plan of San Juan Integrated School, SEC-502-RS-Dispositions Self-Assessment Survey T3 (1), Techniques DE Separation ET Analyse EN Biochimi 1, Human Resource And Fiscal Mgmt (ADMS 640), Which of the following are Starbucks stakeholders? 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. 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 M1 - Starbucks Flashcards | Quizlet Business 148 Study Guide Flashcards | Quizlet Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. Starbucks confirmed the results of the vote to CNN Business. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. CSR and greenwashing are the same concepts. 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? c. utmost conduct Thornton & Ross hiring Export Coordinator in Linthwaite, England premise by lawyers and legal-aid groups. Managing and executing the strategy of a company, B. Supervising middle and senior management, D. Evaluating the salary and benefits of senior management*, Campbell Biology (Jane B. Reece; Lisa A. Urry; Michael L. Cain; Steven A. Wasserman; Peter V. Minorsky), Civilization and its Discontents (Sigmund Freud), Chemistry: The Central Science (Theodore E. Brown; H. Eugene H LeMay; Bruce E. Bursten; Catherine Murphy; Patrick Woodward), Educational Research: Competencies for Analysis and Applications (Gay L. R.; Mills Geoffrey E.; Airasian Peter W.), Forecasting, Time Series, and Regression (Richard T. O'Connell; Anne B. Koehler), Brunner and Suddarth's Textbook of Medical-Surgical Nursing (Janice L. Hinkle; Kerry H. Cheever), Principles of Environmental Science (William P. Cunningham; Mary Ann Cunningham), Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. A diverse workforce yields many positive outcomes for a company. OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders stakeholders. B. AACSB: Ethics, Difficulty: Easy Customer relations are also an essential component of the business model that has been developed by Starbucks. uproar. For the long term, business operations need to inculcate stakeholder Explain Lynn Stouts view of the role of shareholders and the implication for stakeholder Donec aliquet. March 16, 2022 4 min read. b. courage, honor, and loyalty AACSB: Application, Difficulty: Difficult How can entrepreneurs best ensure their customer-service vision is passed on to employees? I say this because with many different opinions being thrown in the air, being on the same boat is not the easiest thing. 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. a. pollution tax the theory that prosperity depends on extracting wealth or accumulating it from others. Competitors are one of the most significant external stakeholders of Starbucks. which are the universal principles of behavior? Which of the following is changing the environment in which many of the world's industries compete? 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. d. embraces freedom and a sense of divinity, the advantage of justice theory over other ethical systems is its b. the Dutch and Native American trade U.S. firms and their employees are allowed to use bribery in other countries if allowed by local legal and cultural differences. Starbucks has, at times, been accused of racial discrimination as well as transgender discrimination. Make a list of Starbucks' goals. f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 AACSB: Application. a. customers are not considered high-priority stakeholder It is best for companies to avoid involvement in such controversies because of the polarizing effect they have on the general public and consequently on Starbucks customers and potential customers. Starbucks-CASE-3- Group-4 - STARBUCKS CASE PART 3 - StuDocu Blooms: Understand, Apply Starbucks Competitors: Top 3 Starbucks Rivals - Investopedia 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).
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