b. In the Supreme Court ruling Citizens United v. Federal Election Commission, which Amendment was at the center of the case? AACSB: Real-world, Difficulty: Moderate C. remuneration Describe Kant's "Deontology" view of ethics. Draw a T-account for the bank after this first round of loans has been made. All Rights Reserved. It is ineffective because it only requires disclosure of information about suppliers' working conditions and does not govern those suppliers. Community members may view big box stores as a threat to small businesses' livelihood. What CSR lesson did Starbucks convey when it closed its stores for a day? Stakeholder theory and organizational ethics. It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Sample Answer: Customers are articulate about their views of a company. 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. Customers still enjoy the product and yet competition is growing. Maybe complaining online or in customer service reviews would be the cost of stakeholders. Using this, calculate the after-tax cost of the Sony bond given Davids tax bracket. It Academy of Management Review, 22(4), 853886. c. the freedom and ability to make choices based on one's perception of right and wrong Defectives16149111581216171315109121411871215916131110\begin{aligned} Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. So many customers now . If corporations use social responsibilities, it is more likely they will be successful. A. finance* Thus, Ikea changed in response to consumer B. amenities* 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 . External stakeholders have a direct impact if they purchase a product and the relationship they have with a company. Blooms: Remember Malaysian Airlines is another example of a company responsive to the stakeholder process. 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 . Customer relations are also an essential component of the business model that has been developed by Starbucks. Lorem ipsum dolor sit amet, consectetur adipiscing elit. B. marketing* Which of the following are Starbucks' key stakeholders? (Select all that apply.). (Select all that apply.) How much will money supply increase with that original loan of $19 million? that uses billions of liters of water in a community where many people are without water. Summary. A trade secret is a form of intellectual property protection and is easier to True or False: The environment is not considered a stakeholder, True or False: Goodwill . Which of the following are Starbucks' stakeholders? d. the resistance to a culture or way fo life emphasizing consumer goods, the lifestyle characterized by the acquisition of goods and services, which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? ), Explore over 16 million step-by-step answers from our library, icitur laoreet. Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. Protected classes are created by both federal and state law. Starbucks has, at times, been accused of racial discrimination as well as transgender discrimination. Nam lacinia pulvinar tortor nec facilisis. To achieve a greater degree of diversity in the workplace, managers' goals should encompass which of the following? 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 . They b. corporations need to maintain initial priority of stakeholders Starbucks is an American multinational chain of coffeehouses that retails handcrafted coffee, fresh food items and tea. By having people from different races, genders, religion, and so on, those businesses are proven to outperform othersAlso, adhering to the traditional business practices of the past can cost them talented employees and loyal customers. Another concern that has been raised by Starbucks employees involves the issue of job security and insecurity of hours. 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. 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. c. he believed one secures one's own good outside of political science A. minority- and women-owned small business owners* Many baristas have eventually become managers and worked their way up into higher positions within management (Mitchell, Agle, & Wood, 1997). 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). Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? True or false? 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 . Blooms: Apply D. compensation. Having theoretical approaches to stakeholders highlights Q: The focus on chapter 6 is diversification which can mean different things for companies depending on the context. In several sentences, describe one ethical issue related to the "access economy". Blooms: Understand business and sustainability strategies. a. her portrayal of the character was insincere The company promotes itself as a firm that seeks to maximize the comfort of its customers, and the provision of top-quality customer service. Partners with stakeholders and business hiring managers to ensure that the project has the skillsets and resources required for delivery. a. promising to earn less profit per share 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. (Select all that apply.) Blooms: Apply and avoiding bias. 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. They have clearly defined symbolic speech and what type of symbolic speech is protected. Therefore, some employees work for Starbucks to gain that status. A bribe is given with either an explicit or implied expectation of return that will benefit your business while a gift is given without any expectation of return and does not benefit your business. The shippers have also announced the suspension of both . as compromising the mission of Ben & Jerrys as envisioned by its founders. ), how to distribute resources fairly and evenly (Select all that apply.). c. coffee and tea growers Enculturation and acculturation seem very alike but when paying close attention, the differences start to pop out. Consider Fisher's remarks in the last two paragraphs. d. Samsung's recall paid refunds and limited potential lawsuits, Samsung's recall paid refunds and limited potential lawsuits, what was the reason for Scarlett Johansson's withdrawal from a recent movie? c. utmost conduct STARBUCKS CASE PART 3 - GROUP 1. Consumer responsibility is diminished if advertising is directed toward children. List and briefly describe the three normative theories of ethics. The phrases Starbucks and Coffee were later removed from the cup so that the brand might potentially extend beyond coffee products. (Select all that apply.) In a short paragraph, describe the difference between enculturation and acculturation. 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. a. customers are not considered high-priority stakeholder Laws dictate all ethical responsibilities that a company may owe key For the long term, business operations need to inculcate stakeholder Nam risus ante, dapibus a molestie consequat, ultrices ac magna. A normative approach views stakeholders as ends in themselves rather companies. Blooms: Understand, Apply However, Starbucks has also been criticized for its labor relations as well. new CEO with a tourism background. (b) Analyze: Why do you think Juliet trusts the Friar? A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent. Before-tax cost of debt and after-tax cost of debt: David Abbot is considering purchasing a Sony bond. Supply Chains Act also implicates the welfare of stakeholders. 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. 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. C. legal compliance* a. community 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. local, state, national, and international laws and regulations. 16 & 14 & 9 & 11 & 15 & 8 & 12 & 16 & 17 & 13 & 15 & 10 & 9 \\ The number of defectives in each sample is listed in time order in the table that follows. 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). AACSB: Analytical, Difficulty: Easy 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. Answer: False. 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. B. occurs during the monthly vulnerability scanning. ventana canyon golf membership fees; what ships are in port at norfolk naval base? a hypothetical situation in which rational people can arrive at a contract. Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? beds to show customers the available bed sizes. \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ Entrepreneurs can still remain ethical while focusing on profit because they can't afford to have people disliking them as well as creating drama. Sample Answer: Lynn Stout believed that shareholders do not necessarily behave as a class. What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? Which of the following is true of Court decisions concerning symbolic speech? Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding a. Humongous Bank decides on a policy of holding 100% reserves. B. urban and suburban communities* long-term dialogue to inform the companys decision making and as a core component of its Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. In the early 21st century, a slow but gradual change has taken place in the corporate world concerning questions of business ethics. 35.Deconfliction is necessary when the penetration test: A. determines that proprietary information is being stored in cleartext. AACSB: Reflection, Difficulty: Difficult Which of the following are factors included when applying a legal definition of diversity? reidentify stakeholders. 12 & 14 & 11 & 8 & 7 & 12 & 15 & 9 & 16 & 13 & 11 & 10 & Summary Of Experience Many people in the UK will have a product from Thornton & Ross somewhere at home. Blooms: Remember B. shareholders Their concerns are identified through data gathering and analysis, Consumers support big box stores that offer quality goods and reasonable prices, Which of the following are Starbucks' stakeholders? normative, descriptive, and instrumental approaches. Over time, people change, technology advances just like it has in the past couple of years, and cultural mores shift. In the most generic form of stakeholder groups, Starbucks has an effect on its Employees, Customers, Community, Suppliers, Shareholders, Government, and Competitors. C. Gather and analyze appropriate data. Explain using details from the text. c. humanistic business model The main reason for forming a corporation is to limit the liability of the owners. A decision to be less Starbucks primary stakeholders are their employees, customers, shareholders, investors, suppliers, coffee farmers, local communities, and other business partners. Which concept holds that workers should be paid on the basis of the value of their job to the organization? a. business should behave ethically, focusing only on environmentalism The way corporations pay their "duties" to the owners is by distributing the profits to shareholders in the form of dividends after earning revenue and deducting expenses. While Starbucks has demonstrated some level of commitment to the principles of Starbucks regarding labor relations and employee retention, it is also clear that certain problems remain as well. AACSB: Application, Difficulty: Easy Which of the following is not an example of a diffused shareholder? b. ethical principles that apply everywhere despite differences in time, geography and culture a. pollution tax All companies must have a board of directors. b. he acknowledged that business was important in nurturing and preserving democracy in Athens. In a short paragraph, explain how entrepreneurs can still remain ethical while focusing on profit. Starbucks set out on its current course in the 1980s . 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 ________. stakeholder needs. A. milk producers* Which of the following is an example of an external stakeholder of an organization? c. is an unattainable goal of perfect virtue Nam risus ante, dapibus a molestie consequat, ultrices ac magna. The most immediately visible and representative employees of Starbucks are the individuals that engage as servers in Starbucks stores. ), True or false? Pellentesque dapibus efficitur laoreet. No one is born with culture; all humans have to learn what is considered appropriate behavior in their surrounding cultures. Explain how owners benefit from doing business as a corporate entity. (1997). Which of the following are Starbucks' stakeholders? Blooms: Apply (Select all that apply. C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make Most business organizations hold three different kinds of beliefs about themselves. Which seven-step guidelines are designed to help organizations with compliance and reporting? AACSB: Application, Real-world. c. Citizens United The duty to obey a categorical imperative is irrespective of consequences. It is best for companies to avoid involvement in such controversies because of the polarizing effect they have on the general public and consequently on Starbucks customers and potential customers. A. her portrayal of the character was insincere One that not only. There are dedicated sites AACSB: Real-world, Difficulty: Easy Has opportunity to lead a team. In several sentences, describe how ethical standards can shift with geography and time. c. Assume that Humongous bank is part of a multibank system. which of the following most likely contributes to a corporation's positive work atmosphere over the long term? AACSB: Application. Which of the following are Starbucks' stakeholders? The triple bottom line focuses on three things: profit, people, and planet. Blooms: Analyze B. her portrayal of the character was not approved 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. (Select all that apply. A. (Select all that apply. Nam lacinia pulvinar tortor nec facilisis. Enacted in 1966, which of the following laws is the most important U.S. law forbidding cruelty to animals in laboratory settings? Consult with business partners, managers or other key stakeholders. c. a business owner's protection against loss of personal assets McDonald's London, England, United Kingdom1 month agoBe among the first 25 applicantsSee who McDonald's has hired for this roleNo longer accepting applications. C. chief executive officer* (Select all that apply.) Pay Range : $123,600- $193,200/ annually. It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. ), milk producers Which are some types of stakeholder relationships that a local chamber of commerce would have? 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 . Provide at least two examples of how employees' expectations of work have changed in modern business. 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 ________. Aristotle believes that prudence plays the major role because it helps individuals avoid excess and deficiency. extensive pool of talent. Answer: False, True or false? As Starbucks, we can either choose to rise to this moment or stand idle. Organizational responsibility statements are usually straightforward: They say comply with the applicable ________. celebrated coffee and the rich tradition, but that also brought a feeling of connection. Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. simply advertising. About Starbucks, the main challenges related to economic, social, and technological factors.