A. minority- and women-owned small business owners* Furthermore, there is What research did the BBC Earth Lab cite to prove or disprove that subliminal advertising is real? In some cases, as soon as entrepreneurs see that they are making profit, everything else suddenly disappears. Blooms: Apply b. Samsung's warned customers that the machines could tip over b. means supporting dogmatic rationality 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). Cell differentiation and specialisation - GCSE, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. Video Case 4 Starbucks Corporation: Serving More Than Coffee Analyzing Starbucks' Value Chain - Investopedia Blooms: Understand, Apply 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 Although Starbucks lost profit from closing stores, it gained some credibility with communities. The coffee farmers supply coffee to Starbucks. He had a tire blowout while driving and crashed into a $1,400 fire hydrant. AACSB: Application, Difficulty: Easy Starbucks hiring project manager, sr - Business Operations(DAIBO) in Business Ethics Mid Term Flashcards | Quizlet Who Are Stakeholders In A Business? | Indeed.com Another example is a future stakeholder, whose status will arise during later 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. a. Humongous Bank decides on a policy of holding 100% reserves. a. an enumerated power listed in the constitution in the Bill of Rights b. Which of the following is not an example of a stakeholder? A) Political c. business should behave ethically, being responsible to all stakeholders Environmentalists raise the issue of species and What CSR lesson did Starbucks convey when it closed its stores for a day? The people in this economy have $20 million in money, and they deposit all their money in Humongous Bank. Those men later settled It is insufficient to have a mission statement, language on a website, or Consult with business partners, managers or other key stakeholders. 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 is a resource made available to employees, in addition to salary? No.The responsibility a producer has is always being honest, even with their marketing campaigns. Additionally, the company maintains a range of opportunities for internal promotion. Answer: False, True or false? 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. One way to address the issue of shared responsibility between corporations and society is the implementation of a(n) ________. c. customers are considered high-priority stakeholders ), Explore over 16 million step-by-step answers from our library, icitur laoreet. Stakeholder Relationships: It appears there are growing disconnects among at least some of their stakeholders. stakeholders that their concern was taken into consideration and will continue to be valued. Which of the following are Starbucks' stakeholders? Certainly, programs of these kinds that have been maintained by Starbucks have been beneficial to some employees and are consistent with the principles of stakeholder ethics. A. d. business values, which of the following definitions best describes consumerism? Starbucks shareholders reject CEO pay proposal in rare move A) Employees B) Customers C) Shareholders D) Economy d. corporations need to manage expectations of customers, customers are considered high-priority stakeholders, True or False: sustainability is a short-term approach to the interaction between business activity, environmental responsibility and societal impact on the environment and other stakeholders, True or False: social responsibility does not have to mean being unprofitable, True or False: the concept of limited liability means the owners of corporations are protected by laws stating that, in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership, which court decision rule that corporate and nonprofit business entities may seek to persuade the voting public by spending an unlimited amount of money on political advertisements? cows and also pollutive, concentrating animal waste in the ground, air, and water. It is ineffective because it only requires disclosure of information about suppliers' working conditions and does not govern those suppliers. discrepancy is stark. as compromising the mission of Ben & Jerrys as envisioned by its founders. c. marketing Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). stakeholder needs. Therefore, some employees work for Starbucks to gain that status. Berrett-Koehler Publishers. Difficulty: Difficult Summarize the ethical debate of whether corporations owe a duty to society or only to their owners. Answer: False. 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. 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. Blooms: Understand Rachel Carsons 1962 book, True or false? AACSB: Application, Difficulty: Easy Coffee and tea growers are Starbucks ' main stakeholders who supply the needed raw materials. ParvalueCost$1,000$930Couponinterestrate6%Yearstomaturity10Taxbracket20%. Establish trust. Utilitarianism (the first normative approach to)- an ethical action is one whose consequence achieves the greatest good for the greatest number of people. The environment is not considered a stakeholder. For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. b. Humongous Bank is required to hold 5% of its existing$20 million as reserves, and to loan out the rest. Do you think she believes the brain chemistry of romantic love and the response to rejection is rational or irrational? Some Starbucks stores have been accused of deliberately higher only part-time workers for limited numbers of hours for the purpose of avoiding the provision of healthcare and other benefits. A. industry norms* Which of the following is an example of an external stakeholder of an McDonald's hiring Data Enablement Consultant in London, England, United Laplume, A., Karan, S. & Litz, R. (2008). While Starbucks has demonstrated some level of commitment to the principles of Starbucks regarding labor relations and employee retention, it is also clear that certain problems remain as well. C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make d. embraces freedom and a sense of divinity, the advantage of justice theory over other ethical systems is its ), positive customer experiences Also, Starbucks faced the challenge of technology. &\text { Defectives }\\ Solved Which of the following best explains why Starbucks | Chegg.com b. competitors \end{aligned} Phillips, R. (2003). ventana canyon golf membership fees; what ships are in port at norfolk naval base? Operations Management questions and answers. Also, it is crucial that the company inform Top things to know about Starbucks 2022 shareholders meeting The consumers also have a responsibility whether they end up liking the product or not and that is to make sure they let the company know whether they are doing a good job or not. Which of the following does an entrepreneur typically need to be willing to do to start a business? There is a growing recognition of the need for corporate accountability. This can be a consumer who is unable to express their discontent with a product or They need to develop sustainable sources of quality beans. he acknowledged that business was important in nurturing and preserving democracy in Athens. such as media and government. premise by lawyers and legal-aid groups. Donec aliquet. Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit. stresses that a company must sustain trust with stakeholders. Enculturation refers to the process by which humans learn the rules, customs, skills, and values to participate in a society. Which of the following is the lesson learned from the Edsel story? 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. Defence Equipment & Support (DE&S) hiring Senior Cost Estimator in To achieve a greater degree of diversity in the workplace, managers' goals should encompass which of the following? extensive pool of talent. a. ethics applies solely to business-making 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). We will send [DOCUMENT_TITLE] to your email. Journal of Business Ethics, 108(3), 285298. 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. In China, Ikea allows its visitors to take naps on Government of Alberta hiring JFR Crew Member in Alberta, Canada | LinkedIn D. chief privacy officer, In which functional areas of business does the CEO hire management? training. d. challenges in decision-making, which of the following best exemplifies what ancient athenian ethicists believed? How can entrepreneurs best ensure their customer-service vision is passed on to employees? B. local and regional governments* D. It is effective because it expects NGOs, state governments, and political action committees to Which intellectual, emotional, and social human trait affects all decision-making, including ethical decisions? What was the decision? M1 - Starbucks Flashcards | Quizlet OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders, Chapter 3: Defining and Prioritizing Stakeholders, Difficulty: Easy True or False: The environment is not considered a stakeholder, True or False: Goodwill . Mansell, S. (2013). Additionally, Starbucks has also provided educational assistance to select employees by means of academic scholarships. These are standard stakeholders of almost every business that operates in the United States or overseas. operations (CAFO). Protected classes are created by both federal and state law. Business ethics exists on which of the following three levels? than as a means to achieve better financial results. (2013). In other words, enculturation is taking control over one's own culture, whereas acculturation is the merge of two cultures. ), True or false? The airline is now focused on promoting Muslim It is also competing with companies like Peet's Coffee & Tea Company, which have more exclusive products. making sure the stores employees and the company policies were sensitive toward identifying Blooms: Remember virtue ethics (the third normative approach)- focuses on the character of the decision-maker. (promenades; tarries). Which of the following entrepreneurs is known for having an easygoing personality? d. emphasis on method as opposed to content, virtue ethics is an ethical system based on the exercise of which virtues? Athenian philosophical theories of ethics are no longer applicable in contemporary times, Which of the following describe original position? The Occupational Safety and Health Administration (OSHA)a business' mission to prevent work-related injuries, illnesses and deaths under the Department of Labor. Bonus Eligible : Yes. (b) Analyze: Why do you think Juliet trusts the Friar? d. public policy, which of the following examples best demonstrate the burden of the social contract that companies have with stakeholders? Business ethics Final exam Flashcards | Quizlet The entitlement of the environment to legal status is a long-argued a. the "purchase" of Manhattan Answer: False. STARBUCKS - Essay - 1416 words - Paperdue 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? Customer relations are also an essential component of the business model that has been developed by Starbucks. Cross), Give Me Liberty! Starbucks Case (1).pdf - Applying Carney to Starbucks Answered over 90d ago. b. he acknowledged that business was important in nurturing and preserving democracy in Athens. 'Group stronger, more adaptive' - trinidadexpress.com Capitalism, corporations and the social contract: A critique of stakeholder theory. 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. represents ethical stakeholder theory. Ben & Jerrys, an ice cream company known for its founders social Blooms: Apply 12 & 14 & 11 & 8 & 7 & 12 & 15 & 9 & 16 & 13 & 11 & 10 & Today, it is a global roaster and retailer of coffee with more than 24,000 stores, 40% of which are in some 70 countries worldwide. Sample Answer: Greenwashing is the view that companies are acting superficially or are beds, which is acceptable in that culture. b. set of cultural norms a. promising to earn less profit per share marketplace, Starbucks has an opportunity to lead by example. results to decision makers in management. His expertise also extends to areas such as leadership, corporate responsibility and business strategy. Starbucks is opening small cafes half the size of existing cafes. Which of the following is especially important for developing and maintaining employee loyalty to the brand? Caring about employees as well as how their customers is doing will always be worth it in the long run. AACSB: Reflection, Difficulty: Difficult (Select all that apply. 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? FedEx and UPS. physical abilities. Blooms: Apply Katherine Martinez (She/Her/Hers) - LinkedIn 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. 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. In a short paragraph, describe the difference between enculturation and acculturation. which are the universal principles of behavior? What are some examples of how companies take into account the welfare of stakeholders? Solved Company: Starbucks Stakeholder map and | Chegg.com via the notion of what constitutes necessity as opposed to luxury. Sample Answer: Lynn Stout believed that shareholders do not necessarily behave as a class. Describe Kant's "Deontology" view of ethics. Which of the following is not a belief that businesses hold? Sample Answer: Companies must take into account the welfare of stakeholders because it is About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. Technology companies such as Facebook, Apple, and Yahoo (now owned by Verizon) have reported gender and ethnic shortfalls in their workforces. 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 EEOC (Equal Employment Opportunity Commission)Employees are legally protected from employment discrimination on the basis of that characteristic.
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