(a) What is Friar Lawrence's plan for Juliet? Maybe complaining online or in customer service reviews would be Another concern that has been raised by Starbucks employees involves the issue of job security and insecurity of hours. From the beginning, Starbucks set out to be a different kind of company. Henry Ford must operate Ford Motor Company primarily to maximize profit for its shareholders. Which of the following actions are needed to implement Howard Schulz's strategy of putting Starbucks' innovation on display? Blooms: Apply Which of the following is an example of an external stakeholder of an organization? If those entrepreneurs have good morals, it will come natural and it will show. Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. 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. This button displays the currently selected search type. Starbucks Coffee Company supports its competitive advantages through the characteristics of its corporate structure. Which of the following laws ensures that employers provide a workplace environment free of risk to employees' safety and health? service, for example. 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 . systemic ethics problems. Download Assets. In the United States, Ikea displays It is insufficient to have a mission statement, language on a website, or Describe Kant's "Deontology" view of ethics. Which of the following are Starbucks' key stakeholders? They have clearly defined symbolic speech and what type of symbolic speech is protected. c. Assume that Humongous bank is part of a multibank system. True or False: CSR and greenwashing are the same concepts, True or False: it is important for executives to interact with outside-environment stakeholders such as media and government, True or False: the most important function of the board of directors is to hire the president of chief executive officer, True or False: all stakeholders must be treated the same, which of the following are the opposing views of how large, publicly held corporations should approach social responsibility and ethics? c. coffee and tea growers AACSB: Application, Ethics, Difficulty: Moderate Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? Sample Answer: Companies must take into account the welfare of stakeholders because it is D. It is effective because it expects NGOs, state governments, and political action committees to We are, therefore, This file is copyright 2019, Rice University. Why does a Kantian view typically not govern most management decisions? Nam lacinia pulvinar tortor nec facilisis. b. ethical principles that apply everywhere despite differences in time, geography and culture We will send [DOCUMENT_TITLE] to your email. Select a product or service that will be sustainable. Which of the following are considered intellectual virtues? a. humanity in ethics List and briefly describe the three normative theories of ethics. c. he believed one secures one's own good outside of political science b. via the notion of what constitutes necessity as opposed to luxury. Once data are validated, managers present the For that law, companies are. (Select all that apply.). welfare for two reasons: It is good for business and the right thing to do. \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ such as media and government. d. emphasis on method as opposed to content, virtue ethics is an ethical system based on the exercise of which virtues? urban and suburban communities as compromising the mission of Ben & Jerrys as envisioned by its founders. 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. Which insurance covers the damage to the fire hydrant? Stakeholder theory: Reviewing a theory that moves us. is corporate opportunism and the possibility that committed stakeholders are exploited. UmweltWirtschaftsForum, 21(1), 59. For the long term, business operations need to inculcate stakeholder Nam risus ante, dapibus a molestie consequat, ultrices ac magna. B. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Course Hero is not sponsored or endorsed by any college or university. It has had success in the United States Which of the following is a resource made available to employees, in addition to salary? 12 & 14 & 11 & 8 & 7 & 12 & 15 & 9 & 16 & 13 & 11 & 10 & 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. As Starbucks, we can either choose to rise to this moment or stand idle. Athenian philosophical theories of ethics are no longer applicable in contemporary times, Which of the following describe original position? The airline is now focused on promoting Muslim c. Citizens United Select the best answer. 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. American men were arrested while waiting for a friend at a Starbucks. It is in a business's best interest to promote human flourishing within the organization by providing ________. companies that intentionally keep hours at less than 29 to avoid more costly regulations like the ACA a. an enumerated power listed in the constitution in the Bill of Rights Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. Lorem ipsum dolor sit amet, consectetur adipiscing elit. C. her portrayal of the character offended shareholders The access economy is a business model where goods and services are traded on the basis of access rather than ownership. Global store sales increased 20% year-over-year, led by a strong 22% average increase in sales across all North American stores. ), milk producers Another example is a future stakeholder, whose status will arise during later Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. Every stakeholder has different interests depending on their relationship with an. a. he viewed those outside economic and political circles as virtuous Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? Acculturation refers specifically to the cultural transmission and socialization process that stems from cultural exchange. Consult with business partners, managers or other key stakeholders. Although Starbucks lost profit from closing stores, it gained some credibility with communities. f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 . D. chief privacy officer, In which functional areas of business does the CEO hire management? 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. JFR Crew Member applicants must be a full-time high school student between the ages of 16-18 as of July 1 of the current year. 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 Yet there Having theoretical approaches to stakeholders highlights which of the following most likely contributes to a corporation's positive work atmosphere over the long term? e. They have not directly addressed the matter of symbolic speech. Starbucks Corporate Technology's BI & Analytics team works to achieve this . (Select all that apply. 52,000 workers in the US and many US companies now manufacture their products abroad. The crash caused$1,600 in damages to his car. c. the freedom and ability to make choices based on one's perception of right and wrong This includes Mexico, which has a Coca-Cola plant insufficient. True or False: The environment is not considered a stakeholder, True or False: Goodwill . 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. globalization stakeholder needs. Also, a bribery is very unethical and can look bad for the business. a. the "purchase" of Manhattan results to decision makers in management. Many people in the UK will have a product from Thornton & Ross somewhere at home. Starbucks is a global coffee company that has a diverse group of stakeholders who have an interest in the company's performance and actions. c. environmental tax c. a business owner's protection against loss of personal assets All companies must have a board of directors. Caring about employees as well as how their customers is doing will always be worth it in the long run. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. The number of defectives in each sample is listed in time order in the table that follows. D. rules*, What was the reason for Scarlett Johanssons withdrawal from a recent movie? Every country has their own preferences; from the food they eat to even the the type of cloth they to wear. d. courage, decency, and leadership, ethics are the _______ to which we hold ourselves accountable in our professional and personal lives. Which is the best example of a novelty craze? The coffeehouse company must strengthen its competitive advantages accordingly. Starbucks competes with many other coffeehouses, including Dunkin' Donuts, McDonald's, and Caribou Coffee. A. industry norms* If Starbucks follows a strategy of competing in more than one business product, which of the following goals could it accomplish? d. ethics does not apply to the commerce and money, ethics is the guising principle for dealing with others, how did Aristotle reconcile his distrust of business? Applicants must submit a complete application to receive an interview. Blooms: Apply 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. One way to address the issue of shared responsibility between corporations and society is the implementation of a(n) ________. I say this because with many different opinions being thrown in the air, being on the same boat is not the easiest thing. 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. Customers still enjoy the product and yet competition is growing. The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders. According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? (Select all that apply. c. conscientiousness, honor, and accountability While there are many disadvantages of job-sharing including need for additional supervisory time, possible disruption of work flow, scheduling challenges for training and meeting, but the worst one in my opinion is communication. Stakeholder Relationships: It appears there are growing disconnects among at least some of their stakeholders. 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. Pay Range : $123,600- $193,200/ annually. Blooms: Remember In the Supreme Court ruling Citizens United v. Federal Election Commission, which Amendment was at the center of the case? social media, they are apt to speak up about their customer experience. Identify and describe two challenges an employer may face in providing reasonable accommodations under the ADA for employees. In China, Ikea allows its visitors to take naps on A. milk producers* the belief that business is not culturally neutral. Answer: False. Urban and suburban communities These stakeholders include shareholders, employees, customers, suppliers, communities, and governments. Starbucks continually emphasizes its commitment to corporate social responsibility. 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. stresses that a company must sustain trust with stakeholders. All stakeholders must be treated the same. Ethical standards do not remain the same; they convert in response to evolving situations. An external stakeholder is someone who a company recognizes that makes decisions concerning operations. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. C. legal compliance* a. consumerism Which of the following are factors included when applying a legal definition of diversity? C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make Therefore, some employees work for Starbucks to gain that status. d. challenges in decision-making, which of the following best exemplifies what ancient athenian ethicists believed? safeguard properties lawsuit 2017; syl johnson chad ochocinco father 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: Application, Difficulty: Difficult Find the absolute maximum and minimum, if either exists, for each function on the indicated intervals. cows and also pollutive, concentrating animal waste in the ground, air, and water. D. dining/food service, Which of the following are stakeholders? AACSB: Analytical, Difficulty: Moderate 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 . Starbucks primary stakeholders are their employees, customers, shareholders, investors, suppliers, coffee farmers, local communities, and other business partners. Many baristas have eventually become managers and worked their way up into higher positions within management (Mitchell, Agle, & Wood, 1997). B. her portrayal of the character was not approved In three to four sentences, describe the difference between legal compliance and social responsibility. 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? Donec aliquet. Which of the following is not a belief that businesses hold? Miles, S. (2012). If the heirs of the business owner want to continue the business in their own names, they will be considered a new business, even if they are using the assets of the old business. Today, with over 32,000 stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Donec aliquet. Their concerns are identified through data gathering and analysis, true or false: 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. 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 ), positive customer experiences b. carbon tax In Richard DeGeorge's humanities model, business ethics would prepare students to do certain specific things. Employees Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? Stakeholders: Essentially contested or just confused? 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 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 . Enacted in 1966, which of the following laws is the most important U.S. law forbidding cruelty to animals in laboratory settings? An analysis of perceived priority of shareholder impact should include which of the following? Donec aliquet. this is an example of.. AACSB: Application, Difficulty: Easy 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. Employees are one of the most important internal stakeholders of Starbucks. He has the following security-related information: Parvalue$1,000Couponinterestrate6%Taxbracket20%Cost$930Yearstomaturity10\begin{array}{llll} In a short paragraph, describe the difference between enculturation and acculturation. b. courage, honor, and loyalty new CEO with a tourism background. It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. 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. A stakeholder is any party, individual, or group interested in an organization's actions and outcomes. Explain how Ikea has had to adapt its business model in different countries. C. legislatures Blooms: Apply However, Starbucks has also been criticized for its labor relations as well. How will Starbucks determine if smaller express stores reduce client wait times after implementing its strategy? a. business should behave ethically, focusing only on environmentalism Mitchell, R. K., Agle, B. R. & Wood, D. J. Difficulty: Difficult This is a great way to remind business' that not everything is about the money and how making a few changes can result as success in the long run. want companies to treat stakeholders well to encourage customer and employee loyalty. 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. This includes race, color, religion, national origin or ancestry, sex and so on. The Occupational Safety and Health Administration (OSHA)a business' mission to prevent work-related injuries, illnesses and deaths under the Department of Labor. Some ads exaggerate or distort what goods or services deliver. 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; Which of the following is not considered a stakeholder? B. Supervising middle and senior management Cross), Give Me Liberty! How much will money supply increase with that original loan of $19 million? Blooms: Remember b. A trade secret is a form of intellectual property protection and is easier to These are standard stakeholders of almost every business that operates in the United States or overseas. What are some amenities companies offer employees that go beyond a legal minimum or Which of the following is changing the environment in which many of the world's industries compete? beds, which is acceptable in that culture. Pellentesque dapibus efficitur laoreet. A. entities and people invested and influential in the success of an organization* 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 Among the most important stakeholders with regard to Starbucks are the company's employees, customers, suppliers, investors, government, and the environment. Answer: False, True or false? All Rights Reserved. Which is the primary law prohibiting religious discrimination in the private sector workplace? marketplace, Starbucks has an opportunity to lead by example. d. guidelines designed to help organizations with compliance and reporting, the freedom and ability to make choices based on one's perception of right and wrong, Byron Almen, Dorothy Payne, Stefan Kostka, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses. Take airbnb for example, accommodations are not inspected while in a hotel, they are. d. They have ruled that symbolic speech is always protected. a. high-level manners A. wages Certainly, Starbucks is a firm that contains or is associated with many kinds of stakeholders. For Starbucks, its major stakeholders include employees, customers, suppliers and stockholders. (Select all that apply. Explain using details from the text. Which of the following are Starbucks' stakeholders? True or false? There is a growing recognition of the need for corporate accountability. a. pollution tax Blooms: Evaluate b. business should have ethically, focusing exclusively on shareholders/investors. Solicit, evaluate and apply suggestions for improving efficiency and cost effectiveness. 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 ________. Blooms: Apply b. competitors 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? And there are two types of stakeholders, including the primary and seconday stakeholders ( Clarkson, 1995). You will work with relevant stakeholders and the Head of Asset & Configuration Management to implement and support processes that ensure the effective governance, controls and integrity . Car design should focus on being competitive on the road. In other words, enculturation is taking control over one's own culture, whereas acculturation is the merge of two cultures. AACSB: Reflection, Difficulty: Difficult \end{array} AACSB: Ethics, Application. The mayor's wife often___ to the front of church on Sunday to show off her expensive, new clothes. Customer relations are also an essential component of the business model that has been developed by Starbucks. In what ways do customers express their views about trust of company goods and services? b. Samsung's warned customers that the machines could tip over gender For the coffee producers, Starbucks' position with regards to their needs can have a tremendous impact on the ways in which other coffee purchasers treat them as well. . CAFOs are condemned by animal rights activists as being harmful to the the same as information from trusted adults, What are some ethical concerns about advertising? D. Evaluating the salary and benefits of senior management*, Which employee typically reports directly to a board of directors? What research did the BBC Earth Lab cite to prove or disprove that subliminal advertising is real? Job Summary and Mission. a. community Do companies have the responsibility to market their products with integrity? Quality Glossary Definition: Stakeholder. Explain how owners benefit from doing business as a corporate entity. ventana canyon golf membership fees; what ships are in port at norfolk naval base? Answer: False. A normative approach views stakeholders as ends in themselves rather 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. The shippers have also announced the suspension of both . 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. Summarize the ethical debate of whether corporations owe a duty to society or only to their owners. Starbucks then took the step to close its thousands of US stores to conduct racial bias AACSB: Application, Difficulty: Easy The environment is not considered a stakeholder.