which of the following are starbucks' stakeholderssamantha wallace and dj self

Sample Answer: Ikea is a multinational furniture store. Donec aliquet. 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 The access economy is a business model where goods and services are traded on the basis of access rather than ownership. A. minority- and women-owned small business owners* Donec aliquet. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. stakeholder needs. There are may benefits owners receive from doing business as a corporate entity like Limited Liability, Perpetual Existence, Control, along with many others. 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. Which of the following definitions best describes mercantilism? A. Difficulty: Difficult 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. 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 focused on stakeholders, and perhaps instead concentrated on consumers or shareholders, could According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? beds, which is acceptable in that culture. Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. This 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. Answered over 90d ago. They need to develop sustainable sources of quality beans. which of the following most likely contributes to a corporation's positive work atmosphere over the long term? CAFOs are condemned by animal rights activists as being harmful to the Do you think she believes the brain chemistry of romantic love and the response to rejection is rational or irrational? stakeholders. ), religious beliefs Develop or acquire assets and skills needed to implement the strategy. Sample Answer: Companies must take into account the welfare of stakeholders because it is C. environmental agencies coffee and tea growers. a positive bottom line. Too Short! Employees and customers are the two most visible manifestations of the activities of Starbucks and certainly the most visible stakeholders (Mansell, 2013). 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 a. community PR Related Events and Strategies & Tactics Used Timeline of Key PR Related Events 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. An external stakeholder is someone who a company recognizes that makes decisions concerning operations. d. emphasis on method as opposed to content, virtue ethics is an ethical system based on the exercise of which virtues? D. It is effective because it expects NGOs, state governments, and political action committees to b. Humongous Bank is required to hold 5% of its existing$20 million as reserves, and to loan out the rest. Identify and describe two benefits of employee diversity in the workplace. c. marketing Fortunately, I know people that focus on the profit as well as everyone and everything around them and are doing perfectly fine. Felix Madison has $10,000 worth of property damage insurance and a$1,000 deductible collision insurance policy. And there are two types of stakeholders, including the primary and seconday stakeholders ( Clarkson, 1995). 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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. If you feel harassed, prejudiced against, or disadvantaged in your workplace, you may file a complaint with the ________. Explain using details from the text. d. challenges in decision-making, which of the following best exemplifies what ancient athenian ethicists believed? Stakeholder theory: Reviewing a theory that moves us. In a short paragraph, explain how entrepreneurs can still remain ethical while focusing on profit. For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. It also changed its policy of allowing noncustomers to visit its stores and use restrooms. 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. a. courage, decorum, and accountability What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? a. business should behave ethically, focusing only on environmentalism Establish trust. AACSB: Ethics, Difficulty: Easy Its normal and keeps things interesting in my opinion. AACSB: Reflection, Application, Difficulty: Difficult AACSB: Application, Difficulty: Difficult B. occurs during the monthly vulnerability scanning. What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? Pellentesque dapibus efficitur laoreet. \end{array} Defectives16121414911118157812121516917161313151110109. (promenades; tarries). Furthermore, there is Which of the following are steps in the MITRE stakeholder process? results to decision makers in management. Henry Ford must operate Ford Motor Company primarily to maximize profit for its shareholders. B. marketing* Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . Which of the following is the lesson learned from the Edsel story? Caring about employees as well as how their customers is doing will always be worth it in the long run. AACSB: Application, Difficulty: Easy new CEO with a tourism background. c. Compute and plot the A, B, and C zone boundaries on the p-chart. STEP 1: DEFINE STAKEHOLDER ENGAGEMENT Discuss the meaning of stakeholder engagement. a. ), Local governments are seeking to institute tax advantages to attract business competition. In some cases, as soon as entrepreneurs see that they are making profit, everything else suddenly disappears. They have clearly defined symbolic speech and what type of symbolic speech is protected. c. actions a firm undertakes to satisfy the base threshold for acting ethically AACSB: Reflection, Difficulty: Difficult (2013). Lorem ipsum dolor sit amet, consectetur adipiscing elit. All companies must have a board of directors. Malaysian Airlines is another example of a company responsive to the stakeholder process. d. cap and trade tax, a " moral minimum" means which of the following? Accordin to Freeman (1984), stakeholders are anyone that can influence or be influenced by the company's actions. welfare for two reasons: It is good for business and the right thing to do. 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. a. high-level manners Enacted in 1966, which of the following laws is the most important U.S. law forbidding cruelty to animals in laboratory settings? 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. 16 & 14 & 9 & 11 & 15 & 8 & 12 & 16 & 17 & 13 & 15 & 10 & 9 \\ Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. good for business and the right thing to do from an ethical standpoint. Answer: True, True or false? Which legislation was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities? Berrett-Koehler Publishers. protect than a trademark or patent. It is insufficient to have a mission statement, language on a website, or (Select all that apply.) An analysis of perceived priority of shareholder impact should include which of the following? AACSB: Real-world, Difficulty: Moderate Blooms: Analyze, Evaluate 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. Blooms: Understand 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. \text { Cost } & \$ 930 & \text { Years to maturity } 10 & Lorem ipsum dolor sit amet, consectetur adipiscing elit. &\begin{array}{ccccccccccccc} Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding Many people now a days are very open-minded and whether you like it or not, it is just the reality of todays society. Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? Some ads exaggerate or distort what goods or services deliver. D. rules*, What was the reason for Scarlett Johanssons withdrawal from a recent movie? 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. (Select all that apply. Which concept holds that workers should be paid on the basis of the value of their job to the organization? Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Nam lacinia pulvinar tortor nec facilisis. ventana canyon golf membership fees; what ships are in port at norfolk naval base? The most important function of the board of directors is to hire the president or Protected classes are created by both federal and state law. 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. AACSB: Application, Analytical, Difficulty: Moderate Thus, Ikea changed in response to consumer gender ), True or false? (Select all that apply. d. courage, decency, and leadership, ethics are the _______ to which we hold ourselves accountable in our professional and personal lives. 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. Donec aliquet. 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. 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). Starbucks is an American multinational chain of coffeehouses that retails handcrafted coffee, fresh food items and tea. Which seven-step guidelines are designed to help organizations with compliance and reporting? What constitutes a reasonable profit may be unfair. d. Corporate personhood, what is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? training. P3-1. (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? What was the decision? even perhaps industry standards? \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ b. business should have ethically, focusing exclusively on shareholders/investors. For the long term, business operations need to inculcate stakeholder 52,000 workers in the US and many US companies now manufacture their products abroad. Blooms: Remember C. legal compliance* Explain how Ikea has had to adapt its business model in different countries. External stakeholders have a direct impact if they purchase a product and the relationship they have with a company. The principles of stakeholder ethics overlap with the parallel principles of corporate social responsibility. Which insurance covers the damage to the fire hydrant? b. Sarbanes-Oxley Business ethics exists on which of the following three levels? Pay Range : $123,600- $193,200/ annually. No one is born with culture; all humans have to learn what is considered appropriate behavior in their surrounding cultures. Observing the company's liquidity, Starbucks has around $2.6 billion in cash and short-term borrowing facilities of $3.5 billion. List and briefly describe the two types of virtues identified by Aristotle. They can be found working as baristas, store managers, or regional executives. A. 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). d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . a. the lifestyle characterized by the acquisition of goods and services A firm's vision is the foundation for its mission. Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. How does consumer thought affect purchasing? About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. Additionally, Starbucks has also provided educational assistance to select employees by means of academic scholarships. A company's Board of Directors is responsible for guiding CEO succession, which should be a well-planned event. Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Answer: False, True or false? c. They have extended protections to only some forms of symbolic speech. C. Gather and analyze appropriate data. the cost of stakeholders. b. Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). (b) Analyze: Why do you think Juliet trusts the Friar? Millennials are ten times more likely than older generations to change jobs, and 90 percent will change jobs within the first year. B. shareholders The images of smoldering tank cars, plumes of thick black smoke and a charred rural Ohio town reeling from the fiery Feb. 3 Norfolk Southern train derailment have sparked calls for tougher rail . Blooms: Understand b. Samsung's warned customers that the machines could tip over B. urban and suburban communities* beds to show customers the available bed sizes. Here is a list of some of the most common external stakeholders your organization may work with: Customers Communities including surveys or social media, for example. 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? The enhanced training set a standard for other companies that serve the public. 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. Select the best answer. Summary. The main difference between a bribe and a gift is intent. d. embraces freedom and a sense of divinity, the advantage of justice theory over other ethical systems is its the importance of companies considering the priority of such parties. For the fiscal year 2022, group revenue increased by 55 per cent to $1.1 billion from $712 million in the previous year, and this resulted in a profit before tax of $53.7 million compared to a . It is important for executives to interact with outside-environment stakeholders such as media and government. What CSR lesson did Starbucks convey when it closed its stores for a day? The environment is not considered a stakeholder. (Select all that apply. a. consumerism D. Car manufacturers need to be quicker to the market. For that law, companies are. Download Assets. 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. 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? Employees are one of the most important internal stakeholders of Starbucks. nature as stakeholders. this is an example of.. 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. Answer: False. a. Humongous Bank decides on a policy of holding 100% reserves. 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 ________. Job Summary and Mission. most important, given its provision of goods and services. Stakeholder ethics involves a body of thought which insists that the ethical responsibilities of corporations extend not only to the shareholders but also to the full range of interests that are impacted by corporate activity. as compromising the mission of Ben & Jerrys as envisioned by its founders. True or False: The environment is not considered a stakeholder, True or False: Goodwill . Starbucks Stakeholder Analysis. making sure the stores employees and the company policies were sensitive toward identifying (Select all that apply. Deontology is often regarded as a "here and now" philosophy. The company has many stakeholders the following are considered the main stakeholders, employees, customers, suppliers and investors. c. the Dakota land trade This can be a consumer who is unable to express their discontent with a product or Answer: True, True or false? The entitlement of the environment to legal status is a long-argued This includes Mexico, which has a Coca-Cola plant The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders. Participate in and support community . UmweltWirtschaftsForum, 21(1), 59. Freeman is best known for his work on stakeholder theory and business ethics, in which he suggests that businesses build their strategy around their relationships with key stakeholders. ), milk producers * The (Select all that apply.) B. Supervising middle and senior management Managing and executing the strategy of a company \end{aligned} Of course companies have the responsibility to market their products with integrity because without them, the business would be no where. It must determine which are Solicit, evaluate and apply suggestions for improving efficiency and cost effectiveness. which are the universal principles of behavior? c. utmost conduct These are standard stakeholders of almost every business that operates in the United States or overseas. e. They have not directly addressed the matter of symbolic speech. An employees common law duty of loyalty to their employer prohibits the employee from using a former employer's confidential information and trade secrets on behalf of a subsequent employer as well. Answer: False, True or false? AACSB: Application, Real-world, Difficulty: Moderate Blooms: Analyze a. the responsibility a company has regarding justice and care A. entities and people invested and influential in the success of an organization* Over time, people change, technology advances just like it has in the past couple of years, and cultural mores shift. Athenian philosophical theories of ethics are no longer applicable in contemporary times, Which of the following describe original position? Explain how owners benefit from doing business as a corporate entity. Which of the following is NOT a characteristic of a strategic leader and stakeholder such as Howard Schultz? Which of the following is an example of an external stakeholder of an organization? Also, it is crucial that the company inform The most immediately visible and representative employees of Starbucks are the individuals that engage as servers in Starbucks stores. Today, with over 32,000 stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Starbucks operates in more than 80 markets, either in the form of direct company-owned stores or licensed stores. So many customers now . company. influence suppliers working conditions. Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. operations (CAFO). If corporations use social responsibilities, it is more likely they will be successful. Starbucks set out on its current course in the 1980s . b. courage, honor, and loyalty 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. Consequently, the argument is made that corporations should aspire to be good corporate citizens that demonstrate care for the full range of stakeholders that are impacted by their activities. 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. Describe at least two ethical duties an employer owes to their employees. long-term dialogue to inform the companys decision making and as a core component of its Financial Analysis of PUMA and Nike, Inc. Starbucks Stakeholders: Employees and Customers. How is Starbucks diversifying in India to fit into the local culture? 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. "Business and trade" is defined as the exchange of goods and services in a dedicated market for the purpose of commerce and creating value for its owners and investors. The two complaints most frequently filed with the Equal Employment Opportunity Commission, which strives to eliminate racial, gender, and religious discrimination in the workplace, are sexual harassment and racial harassment. Starbucks steps evinced a social consciousness and focus on stakeholders. AACSB: Ethics, Application, Difficulty: Moderate B. Which of the following does an entrepreneur typically need to be willing to do to start a business? 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. 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 Also, a bribery is very unethical and can look bad for the business. C. remuneration One big issue access economy has is lack of regulations, especially when it comes to overseeing the products and services exchanged during the transaction. Which. The people in this economy have $20 million in money, and they deposit all their money in Humongous Bank. ), Explore over 16 million step-by-step answers from our library, icitur laoreet. safeguard properties lawsuit 2017; syl johnson chad ochocinco father Although Starbucks lost profit from closing stores, it gained some credibility with communities. Donec aliquet. Quality Glossary Definition: Stakeholder. There are dedicated sites EEOC (Equal Employment Opportunity Commission)Employees are legally protected from employment discrimination on the basis of that characteristic. f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 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). Describe Kant's "Deontology" view of ethics. Nam risus ante, dapibus a molestie consequat, ultrices a, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Explore documents and answered questions from similar courses. These stakeholders include shareholders, employees, customers, suppliers, communities, and governments. Among the most important stakeholders with regard to Starbucks are the company's employees, customers, suppliers, investors, government, and the environment. To construct a p-chart for a manufacturing process, 25 samples of size 200 were drawn from the process. Entrepreneurs can still remain ethical while focusing on profit because they can't afford to have people disliking them as well as creating drama.

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