b. applying U.S. law regarding child labor globally b. corporations need to maintain initial priority of stakeholders Which of the following describes the efficacy of legislation like the California Transparency in Supply Chains Act? Find the absolute maximum and minimum, if either exists, for each function on the indicated intervals. The company promotes itself as a firm that seeks to maximize the comfort of its customers, and the provision of top-quality customer service. Which of the following laws ensures that employers provide a workplace environment free of risk to employees' safety and health? c. media B. local and regional governments* Stakeholders: Essentially contested or just confused? welfare. What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? ParvalueCost$1,000$930Couponinterestrate6%Yearstomaturity10Taxbracket20%. For Starbucks, its major stakeholders include employees, customers, suppliers and stockholders. Develop or acquire assets and skills needed to implement the strategy. A company must identify and c. Compute and plot the A, B, and C zone boundaries on the p-chart. These are standard stakeholders of almost every business that operates in the United States or overseas. A) Employees B) Customers C) Shareholders D) Economy A. milk producers* simply advertising. Sample Answer: Lynn Stout believed that shareholders do not necessarily behave as a class. A. finance* 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. 4 Consolidated net revenues increased 24% to $29.1 billion for the. Blooms: Apply B. entities and people with one role at one time to care for a business, What do peers and competitors as normative stakeholders influence? Blooms: Application a. her portrayal of the character was insincere In the end, it means being responsible to our stakeholders. (Select all that apply. Capitalism, corporations and the social contract: A critique of stakeholder theory. (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? Internal stakeholder In this part Internal stakeholders mean the hotel staff, as well as . Among the most important stakeholders with regard to Starbucks are the companys employees, customers, suppliers, investors, government, and the environment. Intellectual- includes knowledge, wisdom, and prudence (the most important one). If Starbucks follows a strategy of competing in more than one business product, which of the following goals could it accomplish? d. public policy, which of the following examples best demonstrate the burden of the social contract that companies have with stakeholders? d. Corporate personhood, what is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? 12 & 14 & 11 & 8 & 7 & 12 & 15 & 9 & 16 & 13 & 11 & 10 & 16 & 14 & 9 & 11 & 15 & 8 & 12 & 16 & 17 & 13 & 15 & 10 & 9 \\ D. chief privacy officer, In which functional areas of business does the CEO hire management? Employees are dissatisfied with the trust they receive from management and are seeking "representation" through unions. a. pollution tax Financial Analysis of PUMA and Nike, Inc. Starbucks Stakeholders: Employees and Customers. It is insufficient to have a mission statement, language on a website, or OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders, Chapter 3: Defining and Prioritizing Stakeholders, Difficulty: Easy 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. C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make We are, therefore, Nam lacinia pulvinar tortor nec facilisis. Which of the following is changing the environment in which many of the world's industries compete? The price of plastic straws had been increasing and Starbucks saw the proposal as an opportunity to both please stakeholders and cut costs d. Many cities were already considering plastic straw bans and agreeing to the proposal allowed Starbucks to act before regulatory action was taken beds to show customers the available bed sizes. (Select all that apply.) insufficient. 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Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit. a. the barista at Starbucks b. the Starbucks district manager c. the President and CEO of Starbucks d. customers who go to Starbucks for a latte 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. Shippers. Journal of Business Ethics, 108(3), 285298. Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. What is the responsibility of the producer and the consumer? 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. a. leads people to treat others as a means to an end 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. marketplace, Starbucks has an opportunity to lead by example. Donec aliquet. D. Car manufacturers need to be quicker to the market. Starbucks Coffee Company supports its competitive advantages through the characteristics of its corporate structure. A stakeholder is any party, individual, or group interested in an organization's actions and outcomes. Which of the following is not an example of a diffused shareholder? . ), Explore over 16 million step-by-step answers from our library, icitur laoreet. a. promising to earn less profit per share Identify shareholders. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 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. b. set of cultural norms 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. b. Samsung's warned customers that the machines could tip over Pay Range : $123,600- $193,200/ annually. a. an enumerated power listed in the constitution in the Bill of Rights The shippers have also announced the suspension of both . For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. (Select all that apply.). Furthermore, there is Provide at least two examples of how employees' expectations of work have changed in modern business. (Select all that apply.) Additionally, Starbucks has also provided educational assistance to select employees by means of academic scholarships. B. shareholders Community members may view big box stores as a threat to small businesses' livelihood. AACSB: Analytical, Difficulty: Moderate The coffeehouse company must strengthen its competitive advantages accordingly. How can entrepreneurs best ensure their customer-service vision is passed on to employees? Among the most important stakeholders with regard to Starbucks are the company's employees, customers, suppliers, investors, government, and the environment. Blooms: Evaluate External stakeholders have a direct impact if they purchase a product and the relationship they have with a company. operations (CAFO). c. Citizens United a. milk producers Deontology is often regarded as a "here and now" philosophy. AACSB: Analytical. In the most generic form of stakeholder groups, Starbucks has an effect on its Employees, Customers, Community, Suppliers, Shareholders, Government, and Competitors. 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). B. urban and suburban communities* Some prioritization is particular to 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. This reidentify stakeholders. 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 ________. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. How has Starbucks used technology to improve its products? How are Ben & Jerrys and Coca-Cola respective examples of greenwashing? As Starbucks, we can either choose to rise to this moment or stand idle. e. They have not directly addressed the matter of symbolic speech. C. Stakeholder perceptions have a large impact on success. 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. Blooms: Apply Environmentalists raise the issue of species and Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Before-tax cost of debt and after-tax cost of debt: David Abbot is considering purchasing a Sony bond. (Select all that apply.) Today, Starbucks hosted its 30 th annual meeting of shareholders virtually. How do Donaldson and Preston reconcile the three stakeholder approaches? Business ethics exists on which of the following three levels? Nam lacinia pulvinar tortor nec facilisis. Large corporations such as AACSB: Real-world, C. greenwashing 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. Which seven-step guidelines are designed to help organizations with compliance and reporting? To construct a p-chart for a manufacturing process, 25 samples of size 200 were drawn from the process. Stakeholder management and CSR: Questions and answers. Fu, itur laoreet. 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). Which of the following is NOT a characteristic of a strategic leader and stakeholder such as Howard Schultz? gender Another concern that has been raised by Starbucks employees involves the issue of job security and insecurity of hours. be detrimental to a company. Has opportunity to lead a team. A. entities and people invested and influential in the success of an organization* new CEO with a tourism background. 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. a. 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 The entitlement of the environment to legal status is a long-argued P3-1. Draw a T-account for the bank after this first round of loans has been made. Donec aliquet. Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . training. A. industry norms* Solicit, evaluate and apply suggestions for improving efficiency and cost effectiveness. Sample Answer: Ikea is a multinational furniture store. It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. Some ads exaggerate or distort what goods or services deliver. (Starbucks does not follow the traditional franchising terms.) ), how to distribute resources fairly and evenly All stakeholders must be treated the same. safeguard properties lawsuit 2017; syl johnson chad ochocinco father a positive bottom line. * Blooms: Apply C. coffee and tea growers* C. environmental agencies Partners with stakeholders and business hiring managers to ensure that the project has the skillsets and resources required for delivery. 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. List and briefly describe the three normative theories of ethics. Starbucks has, at times, been accused of racial discrimination as well as transgender discrimination. represents ethical stakeholder theory. uproar. Job Summary and Mission. 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? Lorem ipsum dolor sit amet, consectetur adipiscing elit. Blooms: Remember D. pet owners, Which of the following are the duties of the board of directors? b. Sarbanes-Oxley (Select all that apply.) extensive pool of talent. Sample Answer: Customers are articulate about their views of a company. Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding 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. which are the universal principles of behavior? U.S. firms and their employees are allowed to use bribery in other countries if allowed by local legal and cultural differences. 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. STARBUCKS CASE PART 3 - GROUP 1. Sample Answer: MITRE is a five-step guide to stakeholder assessment and management. a. humanity in ethics The California Transparency in 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. In 1968, Securities and Exchange Commission v. Texas Gulf Sulphur Co. implicated the employees of a Texas mining company and was the first famous case example of ________. Stakeholder theory and organizational ethics.
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