Difficulty: Moderate * Freeman, R. E. & Moutchnik, A. List and briefly describe the three normative theories of ethics. Ben & Jerrys, an ice cream company known for its founders social Starbucks Stakeholder Analysis. a. implementation of values In the case of Dodge v. Ford Motor Company, the Michigan Supreme Court ruled in favor of shareholder primacy. Capitalism, corporations and the social contract: A critique of stakeholder theory. (Starbucks does not follow the traditional franchising terms.) Since the advent of : 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). How can you explain the range of mixed economies in the world? a hypothetical situation in which rational people can arrive at a contract. He had a tire blowout while driving and crashed into a $1,400 fire hydrant. Fu, itur laoreet. new CEO with a tourism background. insufficient. being committed to ethical business practices. Secondary stakeholders are media outlets, government, enviromentalist groups, and their competitors. Consumer responsibility is diminished if advertising is directed toward children. Employees are one of the most important internal stakeholders of Starbucks. 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? Nam lacinia pulvinar tortor nec facilisis. 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. a. leads people to treat others as a means to an end How does consumer thought affect purchasing? via the notion of what constitutes necessity as opposed to luxury. D. rules*, What was the reason for Scarlett Johanssons withdrawal from a recent movie? One that not only. His expertise also extends to areas such as leadership, corporate responsibility and business strategy. have? ), Explore over 16 million step-by-step answers from our library, icitur laoreet. The ExploitDB is a very useful resource for identifying possible weaknesses in your network and for staying up to date on current attacks occurring in other networks". Business Ethics Mid Term Flashcards | Quizlet Using this, calculate the after-tax cost of the Sony bond given Davids tax bracket. Video Case 4 Starbucks Corporation: Serving More Than Coffee \text { Cost } & \$ 930 & \text { Years to maturity } 10 & Having theoretical approaches to stakeholders highlights A lot of business' only focus on how much profit or loss their company has when they should also take into account on how their employees are doing and on the impact their business has on the economy. Which of the following is not a belief that businesses hold? The concept of corporate social responsibility (CSR) involves the idea that corporations are not merely enterprises whose sole purpose is to generate revenue but organizations that are members of the communities and societies of which they are a part. 4 Consolidated net revenues increased 24% to $29.1 billion for the. Difficulty: Difficult c. Assume that Humongous bank is part of a multibank system. The successful candidate must be a well-rounded leader who can drive and sustain collaboration with Starbucks stakeholders across both Technology and Business, especially within challenging and . STARBUCKS CASE PART 3 - GROUP 1. B. marketing* __ A program where students work on campus to earn money. CAFOs are condemned by animal rights activists as being harmful to the 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. 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. Mitchell, R. K., Agle, B. R. & Wood, D. J. The normative approach most appropriately 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 ________. Decaf Coffee Market Size, Share & Trends Analysis Report - MarketWatch Describe what type of goal each is. They (promenades; tarries). * B. shareholders Deontology is often regarded as a "here and now" philosophy. Labor union membership remains much higher in Europe and other Group of Seven countries than in the United States, in part because some of those countries allow managers to be members of the union. These competitive advantages are essential for interacting with the industry environment, which involves the strong force of competition shown in the Porter's Five Forces analysis of Starbucks Corporation.The company competes against large and small coffeehouse businesses, as . (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? A. her portrayal of the character was insincere Which is the best example of a novelty craze? b. her portrayal of the character was not approved Summary. (Select all that apply. 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? b. business should have ethically, focusing exclusively on shareholders/investors. Who Are Stakeholders In A Business? | Indeed.com Which of the following is not an example of a stakeholder? A) Political welfare for two reasons: It is good for business and the right thing to do. a positive bottom line. Speaking at the annual shareholders meeting in . Starbucks Stakeholder Analysis | Blablawriting.com Community members may view big box stores as a threat to small businesses' livelihood. D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? Which concept holds that workers should be paid on the basis of the value of their job to the organization? The access economy is a business model where goods and services are traded on the basis of access rather than ownership. c. customers are considered high-priority 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. The entitlement of the environment to legal status is a long-argued The (Select all that apply.) Starbucks: Not A Well-Conceived CEO Succession Plan - SeekingAlpha 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. 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. B. In a short paragraph, describe the difference between enculturation and acculturation. Blooms: Remember &\text { Defectives }\\ Lorem ipsum dolor sit amet, consectetur adipiscing elit. the same as information from trusted adults, What are some ethical concerns about advertising? Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. The main difference between a bribe and a gift is intent. A. entities and people invested and influential in the success of an organization* What CSR lesson did Starbucks convey when it closed its stores for a day? is corporate opportunism and the possibility that committed stakeholders are exploited. Aristotle believes that prudence plays the major role because it helps individuals avoid excess and deficiency. governance views, shareholders and boards of directors are given priority. Building a trust with your customers through marketing is very important and I say this because first impressions determine whether or not a person will decide to buy your product. Nam lacinia pulvinar tortor nec facilisis. Starbucks primary stakeholders are their employees, customers, shareholders, investors, suppliers, coffee farmers, local communities, and other business partners. Starbucks continually emphasizes its commitment to corporate social responsibility. Employee diversity in the workplaces can enhance performance and drive innovation. Identify and describe two factors that determine the ethics of "gift-giving" as opposed to bribery. A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent. f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 b. ethical principles that apply everywhere despite differences in time, geography and culture Starbucks Blooms: Understand, Apply * d. Corporate personhood, what is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? c. Citizens United true or false: during the industrial revolution and the postindustrial era, the goal of businesses was to earn as high a profit as possible for shareholders, with little concern for outside stakeholders, true or false: even in business, ethics is not about human morality but rather about human consumption, true or false: unless key leaders have a vision for the organization and themselves, and a path to achieving it, there can be no balance of beliefs about profitability and responsibility, or integration of business with culture, true or false: religion's role in business is less certain today; we are perhaps more likely to see a universal, secular code of ethics develop than to see religion serve as common ground for different cultures to come together, businesses that wish to achieve the dual goal of human flourishing and responsible profits should model which ethical behavior? This is a lofty goal, especially given Coke products are AACSB: Application, Real-world. (Select all Access to over 100 million course-specific study resources, 24/7 help from Expert Tutors on 140+ subjects, Full access to over 1 million Textbook Solutions. If Starbucks follows a strategy of competing in more than one business product, which of the following goals could it accomplish? ), religious beliefs What constitutes a reasonable profit may be unfair. What was the decision? [Solved] Read the following scenario and use the following five key AACSB: Real-world, Difficulty: Moderate Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. Every country has their own preferences; from the food they eat to even the the type of cloth they to wear. Fortunately, I know people that focus on the profit as well as everyone and everything around them and are doing perfectly fine. 16 & 14 & 9 & 11 & 15 & 8 & 12 & 16 & 17 & 13 & 15 & 10 & 9 \\ In Richard DeGeorge's humanities model, business ethics would prepare students to do certain specific things. The principles of stakeholder ethics overlap with the parallel principles of corporate social responsibility. b. carbon tax In the most generic form of stakeholder groups, Starbucks has an effect on its Employees, Customers, Community, Suppliers, Shareholders, Government, and Competitors. Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. A. How does a corporation prioritize stakeholder claims? . Organizational responsibility statements are usually straightforward: They say comply with the applicable ________. A. finance* Starbucks's Mission Statement & Vision Statement (An Analysis) Starbucks' primary business is running a quick service restaurant chain with a coffeeshop model. Laws dictate all ethical responsibilities that a company may owe key Lorem ipsum dolor sit, s ante, dapibus a molestie consequat, ultrices ac magna. Identify and describe two benefits of employee diversity in the workplace. c. business should behave ethically, being responsible to all stakeholders stakeholders that their concern was taken into consideration and will continue to be valued. Starbucks Coffee Company supports its competitive advantages through the characteristics of its corporate structure. 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. B. urban and suburban communities* What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? CSR ensures that a company is engaging in sound ethical practices and policies in accordance with the company's culture and mission, above and beyond any mandatory legal standards. AACSB: Real-world, Difficulty: Moderate D. plastic-cover manufacturers, Which are some types of stakeholder relationships that a local chamber of commerce would In other words, enculturation is taking control over one's own culture, whereas acculturation is the merge of two cultures. The three Starbucks founders had two things in common: they were all coming from academia, and they all loved coffee and tea. B. b. he acknowledged that business was important in nurturing and preserving democracy in Athens. AACSB: Analytical. stakeholders. Blooms: Apply 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. They need to develop sustainable sources of quality beans. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Nam risus ante, dapibus a molestie consequat, ultrices ac magna.