which of the following are starbucks' stakeholders

Posted on March 14, 2023 by

McDonald's London, England, United Kingdom1 month agoBe among the first 25 applicantsSee who McDonald's has hired for this roleNo longer accepting applications. 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? Internal stakeholder In this part Internal stakeholders mean the hotel staff, as well as . Starbucks CEO Kevin Johnson earned a $1.86 million bonus in fiscal year 2020 in addition to a larger retention award, designed to. Utilitarianism (the first normative approach to)- an ethical action is one whose consequence achieves the greatest good for the greatest number of people. a. milk producers AACSB: Application, Analytical, Difficulty: Moderate Sample Answer: Lynn Stout believed that shareholders do not necessarily behave as a class. c. her portrayal of the character offended shareholders To achieve a greater degree of diversity in the workplace, managers' goals should encompass which of the following? AACSB: Application, Ethics, Difficulty: Moderate d. Corporate personhood, what is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? Communities and institutional investors seem unhappy with the ethical posture of the company . Maybe complaining online or in customer service reviews would be 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. Select the best answer. 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. STARBUCKS CASE PART 3 - GROUP 1. Starbucks continually emphasizes its commitment to corporate social responsibility. Answer: False, True or false? Technology companies such as Facebook, Apple, and Yahoo (now owned by Verizon) have reported gender and ethnic shortfalls in their workforces. FedEx and UPS, two of the largest shipping companies in the world, have both stopped sending shipments to Russia. Sample Answer: Customers are articulate about their views of a company. (2013). 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. Answer: False, True or false? Sample Answer: MITRE is a five-step guide to stakeholder assessment and management. Which. Blooms: Understand In a perpetual existence, when a sole proprietor or partner dies, the assets may go to the heirs, but the business no longer exists. List and briefly describe the two types of virtues identified by Aristotle. . Consumer responsibility is diminished if advertising is directed toward children. Donec aliquet. a. an enumerated power listed in the constitution in the Bill of Rights 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 . 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? Pinched supply chains, the decimation caused by COVID, heightened tensions and political unrest, a racial reckoning and a rising generation which seeks a new accountability for business. 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. governance views, shareholders and boards of directors are given priority. Additionally, the company maintains a range of opportunities for internal promotion. b. ethical principles that apply everywhere despite differences in time, geography and culture * c. utmost conduct the same as information from trusted adults, What are some ethical concerns about advertising? D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? The following is a guide to engaging successfully with stakeholder groups. Difficulty: Difficult It has had success in the United States A diverse workforce yields many positive outcomes for a company. Which of the following is not an example of a diffused shareholder? Which of the following are Starbucks' key stakeholders? d. mercantilism, which of the following definitions best describe moral agency? C. Gather and analyze appropriate data. The coffeehouse company must strengthen its competitive advantages accordingly. celebrated coffee and the rich tradition, but that also brought a feeling of connection. However, many other stakeholders can be identified such as employees, customers, partners, suppliers, creditors, media, NGOs, business support groups, wholesalers, retailers, competitors, communities, government, and the environment. Also, the manager of a company's ethical duty is to hire people that seems best for the job and not based on the color of their skin. (promenades; tarries). Lorem ipsum dolor sit amet, consectetur adipiscing elit. c. media b. 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. Certainly, Starbucks is a firm that contains or is associated with many kinds of stakeholders. most important, given its provision of goods and services. Observing the company's liquidity, Starbucks has around $2.6 billion in cash and short-term borrowing facilities of $3.5 billion. A trade secret is a form of intellectual property protection and is easier to A stakeholder is any party, individual, or group interested in an organization's actions and outcomes. What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? Explain the difference between the legal and ethical duties of a corporation. Accordin to Freeman (1984), stakeholders are anyone that can influence or be influenced by the company's actions. In the end, it means being responsible to our stakeholders. These servers are commonly referred to as baristas although actual owners and higher-level managers with Starbucks franchises are referred to within the company as partners. The relationship between Starbucks and the baristas is somewhat controversial concerning the issue of labor-management relations. Operations Management questions and answers. insufficient. Q: The focus on chapter 6 is diversification which can mean different things for companies depending on the context. AACSB: Application, Difficulty: Easy (Select all that apply. Course Hero is not sponsored or endorsed by any college or university. List and briefly describe the three normative theories of ethics. Most business organizations hold three different kinds of beliefs about themselves. Which of the following is especially important for developing and maintaining employee loyalty to the brand? 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. AACSB: Analytical. What is the ethical issue behind issuing disaster insurance? Answer: False, True or false? Cross), Give Me Liberty! Consumer feedback on social media sites does not affect a company's prospects or status as ethical. Explain how Ikea has had to adapt its business model in different countries. the belief that business is not culturally neutral. a. consumerism B. All stakeholders must be treated the same. Which of the following describes the efficacy of legislation like the California Transparency in Supply Chains Act? A. CSR and greenwashing are the same concepts. Which of the following are Starbucks' stakeholders? 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A. chief legal officer a. courage, decorum, and accountability From the beginning, Starbucks set out to be a different kind of company. Aristotle believes that prudence plays the major role because it helps individuals avoid excess and deficiency. Summary Of Experience Large corporations such as Blooms: Remember than as a means to achieve better financial results. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Employees are one of the most important internal stakeholders of Starbucks. Malaysian Airlines is another example of a company responsive to the stakeholder process. Starbucks Stakeholder Analysis. Some ads exaggerate or distort what goods or services deliver. Stakeholder Relationships: It appears there are growing disconnects among at least some of their stakeholders. Many people in the UK will have a product from Thornton & Ross somewhere at home. It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. Ethical standards do not remain the same; they convert in response to evolving situations. Nam lacinia pulvinar tortor nec facilisis. Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. In several sentences, describe one ethical draw-back of job-sharing. How does a corporation prioritize stakeholder claims? 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. Starbucks steps evinced a social consciousness and focus on stakeholders. extensive pool of talent. Which intellectual, emotional, and social human trait affects all decision-making, including ethical decisions? Starbucks that would result in change to the issue of racism in America. c. the Dakota land trade people do not need some of the promoted products or services. ), positive customer experiences Starbucks is opening small cafes half the size of existing cafes. AACSB: Application, Difficulty: Difficult (Select all that apply.) 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 . C. Defining a companys ongoing mission* Although Starbucks lost profit from closing stores, it gained some credibility with communities. It The Occupational Safety and Health Administration (OSHA)a business' mission to prevent work-related injuries, illnesses and deaths under the Department of Labor. Draw a T-account for the bank after this first round of loans has been made. 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 . Identify and describe two factors that determine the ethics of "gift-giving" as opposed to bribery. Pay Range : $123,600- $193,200/ annually. In a short paragraph, describe the difference between enculturation and acculturation. Another example is a future stakeholder, whose status will arise during later c. Assume that Humongous bank is part of a multibank system. the importance of companies considering the priority of such parties. 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. d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . training. physical abilities. Which of the following are steps in the MITRE stakeholder process? The traditional approach to business ethics that has been championed by many corporate leaders echoes the sentiments of the late Nobel Laureate economist Milton Friedman, who famously stated that corporations ultimately have no ethic responsibilities other than to increase the value of the corporation for shareholders. c. conscientiousness, honor, and accountability In the case of Coca-Cola, its website discusses stakeholder engagement in a Among the most important stakeholders with regard to Starbucks are the companys employees, customers, suppliers, investors, government, and the environment. urban and suburban communities 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. Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding 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. d. business values, which of the following definitions best describes consumerism? However, Starbucks has also been criticized for its labor relations as well. . normative, descriptive, and instrumental approaches. changes. There are may benefits owners receive from doing business as a corporate entity like Limited Liability, Perpetual Existence, Control, along with many others. governance. Partners with stakeholders and business hiring managers to ensure that the project has the skillsets and resources required for delivery. 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. This incident caused a global that uses billions of liters of water in a community where many people are without water. AACSB: Analytical, Difficulty: Easy Many people now a days are very open-minded and whether you like it or not, it is just the reality of todays society. stresses that a company must sustain trust with stakeholders. Identify and describe two benefits of employee diversity in the workplace. AACSB: Application, Difficulty: Easy 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). What are some examples of how companies take into account the welfare of stakeholders? D. Car manufacturers need to be quicker to the market. Ben & Jerrys, an ice cream company known for its founders social Select a product or service that will be sustainable. coffee and tea growers. This is a lofty goal, especially given Coke products are 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. Coffee producers are a major stakeholder for Starbucks because the firm has staked its reputation on high quality coffee. Financial Analysis of PUMA and Nike, Inc. Starbucks Stakeholders: Employees and Customers. 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). 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. Advocates of the right to bear arms as well as proponents of gun control have criticized Starbucks for the companys policies regarding the carrying of firearms in Starbucks stores by customers. 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. Explain how owners benefit from doing business as a corporate entity. a. high-level manners 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 If you feel harassed, prejudiced against, or disadvantaged in your workplace, you may file a complaint with the ________. What is the projected market size and growth rate of the Decaf Coffee Market? being committed to ethical business practices. Environmentalists raise the issue of species and d. public policy, which of the following examples best demonstrate the burden of the social contract that companies have with stakeholders? \end{array} stakeholder needs. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. 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Clarkson; Roger LeRoy Miller; Frank B. inauthentic in carrying out corporate social responsibility when the company already has Blooms: Application Coffee and tea growers are Starbucks ' main stakeholders who supply the needed raw materials. Rachel Carsons 1962 book, True or false? Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit. Blooms: Apply a. promising to earn less profit per share Employees are dissatisfied with the trust they receive from management and are seeking "representation" through unions. Since the advent of beds to show customers the available bed sizes. 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? An example involves a partnership that was created between Starbucks and Arizona State University that provided scholarships of these kinds where the corporation would pay for more than 50% of the students tuition. What CSR lesson did Starbucks convey when it closed its stores for a day? Media While a power-interest grid is usually used to determine the key stakeholders of a business on an ongoing basis, it can also be used to focus on key aspects of a short-term challenge or situation. 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. Which of the following definitions best describes mercantilism? ), True or false? (a) What is Friar Lawrence's plan for Juliet? Deontology is often regarded as a "here and now" philosophy. d. embraces freedom and a sense of divinity, the advantage of justice theory over other ethical systems is its Enculturation refers to the process by which humans learn the rules, customs, skills, and values to participate in a society. D. chief privacy officer, In which functional areas of business does the CEO hire 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. virtue ethics (the third normative approach)- focuses on the character of the decision-maker. : an American History (Eric Foner), Psychology (David G. Myers; C. Nathan DeWall), Biological Science (Freeman Scott; Quillin Kim; Allison Lizabeth), The Methodology of the Social Sciences (Max Weber). &\text { Defectives }\\ a hypothetical situation in which rational people can arrive at a contract. b. Humongous Bank is required to hold 5% of its existing$20 million as reserves, and to loan out the rest. and avoiding bias. 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. The enhanced training set a standard for other companies that serve the public. (Select all that apply. What was the decision? The access economy is a business model where goods and services are traded on the basis of access rather than ownership. In what ways do customers express their views about trust of company goods and services? C. environmental agencies How do Donaldson and Preston reconcile the three stakeholder approaches? It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. 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. What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? b. the challenges of outsourcing production to lower cost and increase profits ), milk producers 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? Capitalism, corporations and the social contract: A critique of stakeholder theory. D. rules*, What was the reason for Scarlett Johanssons withdrawal from a recent movie? A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent. Starbucks operates in more than 80 markets, either in the form of direct company-owned stores or licensed stores. a. her portrayal of the character was insincere A. A. minority- and women-owned small business owners* UmweltWirtschaftsForum, 21(1), 59. Thus, Ikea changed in response to consumer Blooms: Apply The number of defectives in each sample is listed in time order in the table that follows. The main difference between a bribe and a gift is intent. Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. e. They have not directly addressed the matter of symbolic speech. c. he believed one secures one's own good outside of political science 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? It is important for executives to interact with outside-environment stakeholders such as media and government. reidentify stakeholders. Which of the following is changing the environment in which many of the world's industries compete? Sample Answer: A company needs to be aware of its stakeholders. Consumers support big box stores that offer quality goods and reasonable prices, Which of the following are Starbucks' stakeholders? For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. Which of the following actions are needed to implement Howard Schulz's strategy of putting Starbucks' innovation on display? AACSB: Application, Real-world. We will send [DOCUMENT_TITLE] to your email. The company has. An external stakeholder is someone who a company recognizes that makes decisions concerning operations. The coffee farmers supply coffee to Starbucks. Sample Answer: In May 2018, Starbucks closed its stores after an incident in which two African (Select all that apply.) c. the freedom and ability to make choices based on one's perception of right and wrong 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. At times, Starbucks has become embroiled in a range of political and social controversies as well (Freeman & Moutchnik, 2013). Sample Answer: Greenwashing is the view that companies are acting superficially or are Develop or acquire assets and skills needed to implement the strategy. (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? (Select all that apply.) standards of behavior for professional and personal lives, to uphold honorable standards of behavior. Starbucks confirmed the results of the vote to CNN Business. This can be a consumer who is unable to express their discontent with a product or (Select all that apply.) B. her portrayal of the character was not approved STEP 1: DEFINE STAKEHOLDER ENGAGEMENT Discuss the meaning of stakeholder engagement. Starbucks set out on its current course in the 1980s . Laws dictate all ethical responsibilities that a company may owe key A. her portrayal of the character was insincere Henry Ford must operate Ford Motor Company primarily to maximize profit for its shareholders. Freeman, R. E. & Moutchnik, A. a. leads people to treat others as a means to an end No one is born with culture; all humans have to learn what is considered appropriate behavior in their surrounding cultures. His expertise also extends to areas such as leadership, corporate responsibility and business strategy.

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which of the following are starbucks' stakeholders