Consider Fisher's remarks in the last two paragraphs. * &\text { Defectives }\\ . Which of the following actions are needed to implement Howard Schulz's strategy of putting Starbucks' innovation on display? Starbucks shareholders reject CEO pay proposal in rare move 12 & 14 & 11 & 8 & 7 & 12 & 15 & 9 & 16 & 13 & 11 & 10 & AACSB: Application, Difficulty: Moderate For the long term, business operations need to inculcate stakeholder Do companies have the responsibility to market their products with integrity? such as media and government. An ethical financial advisor must ________. (Select all that apply. a. community 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: 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? Most business organizations hold three different kinds of beliefs about themselves. Starbucks CEO Kevin Johnson earned a $1.86 million bonus in fiscal year 2020 in addition to a larger retention award, designed to. e. They have not directly addressed the matter of symbolic speech. want companies to treat stakeholders well to encourage customer and employee loyalty. Blooms: Understand 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. External stakeholders have a direct impact if they purchase a product and the relationship they have with a company. How is Starbucks diversifying in India to fit into the local culture? Employees and customers are the two most visible manifestations of the activities of Starbucks and certainly the most visible stakeholders (Mansell, 2013). Today, Starbucks hosted its 30 th annual meeting of shareholders virtually. Norfolk Southern Derailment Sparks Rail Regs Scrutiny - Law360 C. remuneration 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. It is in a business's best interest to promote human flourishing within the organization by providing ________. Stakeholder management and CSR: Questions and answers. Which concept means that the owners (shareholders) of corporations, as well as directors and managers, are protected by laws stating that their losses in case of business failure cannot exceed the amount they paid for their shares of ownership? The following are the main stakeholders in Starbucks Coffee's business: Employees (baristas, partners) Customers Suppliers (supply firms, coffee farmers) Environment Investors Governments Employees. The coffee farmers supply coffee to Starbucks. So many customers now . 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. b. the Dutch and Native American trade Blooms: Remember Aristotle believes that prudence plays the major role because it helps individuals avoid excess and deficiency. changes. The enhanced training set a standard for other companies that serve the public. This is viewed which of the following is the best description for what it means to be a professional of integrity? which are the universal principles of behavior? results to decision makers in management. Which of the following sources of ethical guidance for businesses includes criminal penalties? Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . Starbucks Competitors: Top 3 Starbucks Rivals - Investopedia b. courage, honor, and loyalty Consumer responsibility is diminished if advertising is directed toward children. Employees are dissatisfied with the trust they receive from management and are seeking "representation" through unions. Blooms: Understand the cost of stakeholders. Emily Miner, CCEP on LinkedIn: What Should Leaders Do To Prepare For 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). Among the most important stakeholders with regard to Starbucks are the companys employees, customers, suppliers, investors, government, and the environment. For that law, companies are. c. business should behave ethically, being responsible to all stakeholders A normative approach views stakeholders as ends in themselves rather Urban and suburban communities essence of Stouts view is concern that shareholders may want to maximize their investment at The principles of stakeholder ethics overlap with the parallel principles of corporate social responsibility. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Home4Dance hiring Export Coordinator in Huddersfield, England, United d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . Who Are Stakeholders In A Business? | Indeed.com If those entrepreneurs have good morals, it will come natural and it will show. What research did the BBC Earth Lab cite to prove or disprove that subliminal advertising is real? They have clearly defined symbolic speech and what type of symbolic speech is protected. Which of the following is especially important for developing and maintaining employee loyalty to the brand? B. amenities* Stakeholders: Essentially contested or just confused? company. One that not only. 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. Answer: False. Which of the following is an example of an external stakeholder of an c. environmental tax Which of the following is considered the most important internal stakeholder of a corporation? Starbucks' Stakeholders: Employees and Customers It d. Corporate personhood, what is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? D. compensation. 16 & 14 & 9 & 11 & 15 & 8 & 12 & 16 & 17 & 13 & 15 & 10 & 9 \\ 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? Freeman, R. E. & Moutchnik, A. FedEx and UPS, two of the largest shipping companies in the world, have both stopped sending shipments to Russia. Government of Alberta hiring JFR Crew Member in Alberta, Canada | LinkedIn What CSR lesson did Starbucks convey when it closed its stores for a day? b. her portrayal of the character was not approved 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. a. customers are not considered high-priority stakeholder (Select all that apply. 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. including surveys or social media, for example. d. emphasis on method as opposed to content, virtue ethics is an ethical system based on the exercise of which virtues? Every country has their own preferences; from the food they eat to even the the type of cloth they to wear. 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. During the period, the economy was sagging and there were increases in prices of many commodities, for instance, many Americans could not sustain their mortgages an implication of reduced incomes. Donec aliquet. Fu, itur laoreet. AACSB: Ethics, Application. Therefore, some employees work for Starbucks to gain that status. D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. a. an enumerated power listed in the constitution in the Bill of Rights Some ads exaggerate or distort what goods or services deliver. What is the responsibility of the producer and the consumer? being committed to ethical business practices. A. chief legal officer d. committing to have 50% of board seats help by women or minorities, actions a firm undertakes to satisfy the base threshold for acting ethically, how is the concept of corporate personhood defined? a. humanity in ethics Summary Of Experience Describe at least two ethical duties an employer owes to their employees. Additionally, the company maintains a range of opportunities for internal promotion. A. wages Which is the primary law prohibiting religious discrimination in the private sector workplace? C. Gather and analyze appropriate data. Yet there (Select all that apply. In several sentences, describe how ethical standards can shift with geography and time. Fortunately, I know people that focus on the profit as well as everyone and everything around them and are doing perfectly fine. Difficulty: Moderate It is also competing with companies like Peet's Coffee & Tea Company, which have more exclusive products. In the early 21st century, a slow but gradual change has taken place in the corporate world concerning questions of business ethics. Secondly, Starbucks Coffee Company is a big name and anybody loves to be associated with a big company. If you feel harassed, prejudiced against, or disadvantaged in your workplace, you may file a complaint with the ________. Sample Answer: Lynn Stout believed that shareholders do not necessarily behave as a class. Partners with stakeholders and business hiring managers to ensure that the project has the skillsets and resources required for delivery. Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? b. code of ethics How are Ben & Jerrys and Coca-Cola respective examples of greenwashing? Another example is a future stakeholder, whose status will arise during later 35.Deconfliction is necessary when the penetration test: A. determines that proprietary information is being stored in cleartext. a. leads people to treat others as a means to an end AACSB: Application, Difficulty: Easy as compromising the mission of Ben & Jerrys as envisioned by its founders. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Which is the best example of a novelty craze? B. marketing* 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. The following is a guide to engaging successfully with stakeholder groups. Environmentalists raise the issue of species and a. promising to earn less profit per share AACSB: Application, Difficulty: Easy Phillips, R. (2003). This file is copyright 2019, Rice University. This button displays the currently selected search type. [Solved] Read the following scenario and use the following five key
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