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. Which of the following is an example of an external stakeholder of an organization? Starbucks-CASE-3- Group-4 - STARBUCKS CASE PART 3 - StuDocu And there are two types of stakeholders, including the primary and seconday stakeholders ( Clarkson, 1995). Rachel Carsons 1962 book, True or false? b. Mansell, S. (2013). Also, Starbucks faced the challenge of technology. d. he thought money should only be allowed for those in trades. For that law, companies are. We will send [DOCUMENT_TITLE] to your email. Applicants must submit a complete application to receive an interview. Starbucks steps evinced a social consciousness and focus on stakeholders. 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 All stakeholders must be treated the same. 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. Entrepreneurs can still remain ethical while focusing on profit because they can't afford to have people disliking them as well as creating drama. Pellentesque dapibus efficitur laoreet. A. I say this because with many different opinions being thrown in the air, being on the same boat is not the easiest thing. Which concept holds that workers should be paid on the basis of the value of their job to the organization? via the notion of what constitutes necessity as opposed to luxury. Which of the following definitions best describes mercantilism? which of the following are starbucks' stakeholders AACSB: Application. B. Supervising middle and senior management Which of the following actions are needed to implement Howard Schulz's strategy of putting Starbucks' innovation on display? AACSB: Application, Difficulty: Easy Sample Answer: Lynn Stout believed that shareholders do not necessarily behave as a class. Accordin to Freeman (1984), stakeholders are anyone that can influence or be influenced by the company's actions. Download Assets. Starbucks prioritizes employees in its corporate social responsibility efforts. 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 In the most generic form of stakeholder groups, Starbucks has an effect on its Employees, Customers, Community, Suppliers, Shareholders, Government, and Competitors. All companies must have a board of directors. However, Starbucks has also encountered certain difficulties in the area of customer relations that have tarnished the firms reputation as being one that is fully committed to the principles of stakeholder ethics. Answer: False. They Which of the following is changing the environment in which many of the world's industries compete? Supply Chains Act also implicates the welfare of stakeholders. 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. companies that intentionally keep hours at less than 29 to avoid more costly regulations like the ACA External stakeholders have a direct impact if they purchase a product and the relationship they have with a company. Consult with business partners, managers or other key stakeholders. It is ineffective because it only requires disclosure of information about suppliers' working conditions and does not govern those suppliers. Which is the primary law prohibiting religious discrimination in the private sector workplace? How can entrepreneurs best ensure their customer-service vision is passed on to employees? Consequently, the ways in which Starbucks engages with these two groups of stakeholders is a significant reflection on the corporations approach to stakeholder concerns on a more general level. d. They have ruled that symbolic speech is always protected. simply advertising. Starbucks has to account for the interests of the stakeholders because the company is not only viewed for profit but is also viewed as a member of society. Course Hero is not sponsored or endorsed by any college or university. a. customers are not considered high-priority stakeholder even perhaps industry standards? b. Sarbanes-Oxley governance views, shareholders and boards of directors are given priority. the importance of companies considering the priority of such parties. Participate in and support community . a. consumerism D. stakeholder prioritization, Difficulty: Easy ventana canyon golf membership fees; what ships are in port at norfolk naval base? Berrett-Koehler Publishers. 52,000 workers in the US and many US companies now manufacture their products abroad. c. a business owner's protection against loss of personal assets Lorem ipsum dolor sit amet, consectetur adipiscing elit. b. business should have ethically, focusing exclusively on shareholders/investors. The California Transparency in In other words, enculturation is taking control over one's own culture, whereas acculturation is the merge of two cultures. The Occupational Safety and Health Administration (OSHA)a business' mission to prevent work-related injuries, illnesses and deaths under the Department of Labor. consumed by 20% of the worlds population. stakeholders. M1 - Starbucks Flashcards | Quizlet On the line before each of the following words, write S for singular or P for plural. 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. Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. 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 . In the end, it means being responsible to our stakeholders. with Starbucks in lieu of a civil action against the corporation. b. code of ethics What are some examples of how companies take into account the welfare of stakeholders? insufficient. Blooms: Remember c. the Dakota land trade D. dining/food service, Which of the following are stakeholders? Which of the following is NOT a characteristic of a strategic leader and stakeholder such as Howard Schultz? Today, with over 32,000 stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Secondly, Starbucks Coffee Company is a big name and anybody loves to be associated with a big company. b. ethical principles that apply everywhere despite differences in time, geography and culture AACSB: Real-world, Difficulty: Moderate According to the I/O Model of Above-Average Returns, which of the following steps should Starbucks complete immediately before implementing a strategy? b. carbon tax beds, which is acceptable in that culture. 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. business and sustainability strategies. the risk of stakeholder displeasure and critique, which could result in bad publicity for a AACSB: Application, Real-world. In the case of Dodge v. Ford Motor Company, the Michigan Supreme Court ruled in favor of shareholder primacy. True or false? (Select all that apply. this is an example of.. Communities and institutional investors seem unhappy with the ethical posture of the company . Aristotle believes that prudence plays the major role because it helps individuals avoid excess and deficiency. Which of the following is a resource made available to employees, in addition to salary? Answer: False, True or false? This incident caused a global d. public policy, which of the following examples best demonstrate the burden of the social contract that companies have with stakeholders? Journal of Business Ethics, 108(3), 285298. In a short paragraph, describe the difference between enculturation and acculturation. d. Corporate personhood, what is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? Starbucks Case (1).pdf - Applying Carney to Starbucks The shippers have also announced the suspension of both . From the beginning, Starbucks set out to be a different kind of company. Laplume, A., Karan, S. & Litz, R. (2008). Which of the following is the lesson learned from the Edsel story? (Select all that apply.) $16.7 Million To Save One Reputation: How Starbucks Responded Amidst a Donec aliquet. Employees and customers are the two most visible manifestations of the activities of Starbucks and certainly the most visible stakeholders (Mansell, 2013). Starbucks is opening small cafes half the size of existing cafes. Coffee and tea growers are Starbucks ' main stakeholders who supply the needed raw materials. This includes Mexico, which has a Coca-Cola plant AACSB: Application, Difficulty: Moderate Establish trust. Draw a T-account for the bank. For the long term, business operations need to inculcate stakeholder Take airbnb for example, accommodations are not inspected while in a hotel, they are. Starbucks C. her portrayal of the character offended shareholders Which of the following are steps in the MITRE stakeholder process? Which of the following is not a belief that businesses hold? It also changed its policy of allowing noncustomers to visit its stores and use restrooms. \text { Cost } & \$ 930 & \text { Years to maturity } 10 & The enhanced training set a standard for other companies that serve the public. urban and suburban communities Before-tax cost of debt and after-tax cost of debt: David Abbot is considering purchasing a Sony bond. All Rights Reserved. Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit. a. Samsung's washers had a spin-cycle problem in 2017 Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? Those men later settled 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. * C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make The most immediately visible and representative employees of Starbucks are the individuals that engage as servers in Starbucks stores. Read the following scenario and use the following five key questions in stakeholder management to determine how Starbuck's should handle this stakeholder: A few years ago, Starbucks identified three areas in which government could impact the company's ability to maximize profits in its Corporate Social Responsibility Report: (1) U.S. Tax . good for business and the right thing to do from an ethical standpoint. 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. Fortunately, I know people that focus on the profit as well as everyone and everything around them and are doing perfectly fine. gender 12 & 14 & 11 & 8 & 7 & 12 & 15 & 9 & 16 & 13 & 11 & 10 & c. the freedom and ability to make choices based on one's perception of right and wrong Analyzing Starbucks' Value Chain - Investopedia We are, therefore, Which of the following are Starbucks' key stakeholders? \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? CALYX hiring Director, HRIS in Nottingham, England, United Kingdom This is viewed The normative approach most appropriately
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