(Select all that apply. Which is the primary law prohibiting religious discrimination in the private sector workplace? Which is the best example of a recent company crisis caused by poor leadership? "Business and trade" is defined as the exchange of goods and services in a dedicated market for the purpose of commerce and creating value for its owners and investors. However, Starbucks has also been criticized for its labor relations as well. Blooms: Apply Employees Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? Blooms: Analyze, Evaluate If those entrepreneurs have good morals, it will come natural and it will show. Which of the following does an entrepreneur typically need to be willing to do to start a business? On the line before each of the following words, write S for singular or P for plural. Henry Ford must operate Ford Motor Company primarily to maximize profit for its shareholders. It is insufficient to have a mission statement, language on a website, or Which of the following is true of Court decisions concerning symbolic speech? Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. Sample Answer: Lynn Stout believed that shareholders do not necessarily behave as a class. (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. : 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). 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. a. promising to earn less profit per share They have clearly defined symbolic speech and what type of symbolic speech is protected. AACSB: Application, Difficulty: Easy Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. McDonald's hiring Data Enablement Consultant in London, England, United Select the best answer. Which of the following are well-documented outcomes? B. marketing* Applicants must submit a complete application to receive an interview. Solved Which of the following best explains why Starbucks | Chegg.com EEOC (Equal Employment Opportunity Commission)Employees are legally protected from employment discrimination on the basis of that characteristic. 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. Having theoretical approaches to stakeholders highlights d. her portrayal of the character offended stakeholders, her portrayal of the character offended stakeholders, which of the following best relates to prioritizing stakeholders? Which of the following are Starbucks' stakeholders? Some ads exaggerate or distort what goods or services deliver. d. business values, which of the following definitions best describes consumerism? 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? (Select all that apply. What CSR lesson did Starbucks convey when it closed its stores for a day? Stakeholder theory and organizational ethics. Urban and suburban communities 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. AACSB: Application, Difficulty: Easy d. They have ruled that symbolic speech is always protected. Starbucks CEO Kevin Johnson earned a $1.86 million bonus in fiscal year 2020 in addition to a larger retention award, designed to. Which of the following is especially important for developing and maintaining employee loyalty to the brand? For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. (Select all that apply. Decaf Coffee Market Size, Share & Trends Analysis Report - MarketWatch CSR and greenwashing are the same concepts. What are some amenities companies offer employees that go beyond a legal minimum or Capitalism, corporations and the social contract: A critique of stakeholder theory. Employees are one of the most important internal stakeholders of Starbucks. MANGMT 4970 EXAM 1 (QUIZ QUESTIONS & CONCEPTS), Allen Cognitive Levels (ACL) & Allen Diagnost, CompTia A+ 220-1001 Core 1 Certification Prac, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Service Management: Operations, Strategy, and Information Technology, Information Technology Project Management: Providing Measurable Organizational Value. Rachel Carsons 1962 book, True or false? FedEx and UPS. Katherine Martinez (She/Her/Hers) - LinkedIn The firm issued $3 billion in bonds, taking advantage of the. In some His expertise also extends to areas such as leadership, corporate responsibility and business strategy. pilgrimages in response to passenger stakeholder interests in making such trips. D. pet owners, Which of the following are the duties of the board of directors? d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . A common law or principle stating that officers, directors, and managers of a corporation are not liable for losses incurred when the evidence demonstrates that decisions were reasonable and made in good faith is known as ________. The environment is not considered a stakeholder. Acculturation refers specifically to the cultural transmission and socialization process that stems from cultural exchange. inauthentic in carrying out corporate social responsibility when the company already has Starbucks Coffee Company supports its competitive advantages through the characteristics of its corporate structure. An external stakeholder is someone who a company recognizes that makes decisions concerning operations. Most business organizations hold three different kinds of beliefs about themselves. The most important function of the board of directors is to hire the president or C. Gather and analyze appropriate data. b. courage, honor, and loyalty Donec aliquet. 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 ________. B. Supervising middle and senior management standards of behavior for professional and personal lives, to uphold honorable standards of behavior. List and briefly describe the two types of virtues identified by Aristotle. a. business should behave ethically, focusing only on environmentalism The entitlement of the environment to legal status is a long-argued (Select all that apply.) 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. AACSB: Ethics, Difficulty: Easy 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. Blooms: Analyze How has Starbucks used technology to improve its products? ), True or false? Journal of Management, 34(6), 11521189. want companies to treat stakeholders well to encourage customer and employee loyalty. For the long term, business operations need to inculcate stakeholder Laws dictate all ethical responsibilities that a company may owe key Donec aliquet. Starbucks confirmed the results of the vote to CNN Business. AACSB: Application. Difficulty: Difficult Develop or acquire assets and skills needed to implement the strategy. Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding A company's Board of Directors is responsible for guiding CEO succession, which should be a well-planned event. Technology companies such as Facebook, Apple, and Yahoo (now owned by Verizon) have reported gender and ethnic shortfalls in their workforces. An ethical financial advisor must ________. Answer: True, True or false? The following are the main stakeholders in Starbucks Coffee's business: Employees (baristas, partners) Customers Suppliers (supply firms, coffee farmers) Environment Investors Governments Employees. a. honesty and integrity b. virtue ethics and utilitarianism c. loyalty to management d. respect for business diversity honesty and integrity True or False: The environment is not considered a stakeholder false Mellody Hobson, Starbucks Board of Directors chair, joined Kevin Johnson, president and chief executive officer, for opening remarks following today's news that Johnson made the personal decision to retire from . In the United States, Ikea displays (b) Analyze: Why do you think Juliet trusts the Friar? (a) What is Friar Lawrence's plan for Juliet? B. urban and suburban communities* * as compromising the mission of Ben & Jerrys as envisioned by its founders. c. They have extended protections to only some forms of symbolic speech. Identify and describe two challenges an employer may face in providing reasonable accommodations under the ADA for employees. Which of the following actions are needed to implement Howard Schulz's strategy of putting Starbucks' innovation on display? beds to show customers the available bed sizes. which are the universal principles of behavior? Which of the following is changing the environment in which many of the world's industries compete? 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 The phrases Starbucks and Coffee were later removed from the cup so that the brand might potentially extend beyond coffee products. D. Present information to the board of directors. 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. Donec aliquet. When expanded it provides a list of search options that will switch the search inputs to match the current selection. On one hand, Starbucks is frequently praised as a company that is committed to corporate social responsibility and stakeholder ethics when it comes to labor relations (Miles, 2012). (Select all that apply. (Select all that apply.) Sample Answer: Greenwashing is the view that companies are acting superficially or are Business ethics Final exam Flashcards | Quizlet Cross), Give Me Liberty! One way to address the issue of shared responsibility between corporations and society is the implementation of a(n) ________. The normative approach most appropriately Donec aliquet. Answered over 90d ago. Starbucks Stakeholder Analysis. AACSB: Ethics, Difficulty: Easy c. business should behave ethically, being responsible to all stakeholders A diverse workforce yields many positive outcomes for a company. Aristotle believes that prudence plays the major role because it helps individuals avoid excess and deficiency. (Select all that apply.) Starbucks Stakeholder Analysis - 1096 Words | Cram Each employee prides in working in an organization that acknowledges his efforts. A. Establish trust. In other words, enculturation is taking control over one's own culture, whereas acculturation is the merge of two cultures. generations, such as the case with pollution. Quality Glossary Definition: Stakeholder. b. set of cultural norms c. Samsung assumed the risk of exposure and picked up the washers Which of the following laws ensures that employers provide a workplace environment free of risk to employees' safety and health? How much will money supply increase with that original loan of $19 million? How can entrepreneurs best ensure their customer-service vision is passed on to employees? A company must identify and 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. b. corporations need to maintain initial priority of stakeholders Every country has their own preferences; from the food they eat to even the the type of cloth they to wear. These are standard stakeholders of almost every business that operates in the United States or overseas. Select the best answer. Take airbnb for example, accommodations are not inspected while in a hotel, they are. As for ethical duties, they are standards based on human principles of right from wrong. M1 - Starbucks Flashcards | Quizlet Of course companies have the responsibility to market their products with integrity because without them, the business would be no where. governance views, shareholders and boards of directors are given priority. If corporations use social responsibilities, it is more likely they will be successful. Defectives16121414911118157812121516917161313151110109. Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? Blooms: Apply welfare. Nam risus ante, dapibus a molestie consequat, ultrices a, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Explore documents and answered questions from similar courses. From just a narrow storefront, Starbucks offered some of the world's finest fresh-roasted whole bean coffees. \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? A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers b. ethics is about what someone does Maybe complaining online or in customer service reviews would be STARBUCKS CASE PART 3 - GROUP 1. b. ethical principles that apply everywhere despite differences in time, geography and culture Which of the following is NOT a characteristic of a strategic leader and stakeholder such as Howard Schultz? The company has. Therefore, some employees work for Starbucks to gain that status. b. applying U.S. law regarding child labor globally A trade secret is a form of intellectual property protection and is easier to Which of the following are Starbucks' key stakeholders? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. chief executive officer. Starbucks continually emphasizes its commitment to corporate social responsibility. 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. True or false? 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. results to decision makers in management. A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent. Which seven-step guidelines are designed to help organizations with compliance and reporting? 'Group stronger, more adaptive' - trinidadexpress.com In the most generic form of stakeholder groups, Starbucks has an effect on its Employees, Customers, Community, Suppliers, Shareholders, Government, and Competitors. a. humanity in ethics Has opportunity to lead a team. Explain using details from the text. B. government liaison/lobbying director They need to develop sustainable sources of quality beans. We will send [DOCUMENT_TITLE] to your email. c. marketing I think of it like renting things temporarily rather than selling them permanently. AACSB: Application, Difficulty: Moderate Starbucks Case (1).pdf - Applying Carney to Starbucks 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 . 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. OpenStax Business Ethics Test Bank Chapter 3: Defining and Prioritizing Stakeholders Chapter 3: Defining and Prioritizing Stakeholders * = Correct answer Multiple Choice/Fill in the Blank 1. D. Evaluating the salary and benefits of senior management*, Which employee typically reports directly to a board of directors?