Ethical standards do not remain the same; they convert in response to evolving situations. 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. d. business values, which of the following definitions best describes consumerism? Stakeholder management and CSR: Questions and answers. To achieve a greater degree of diversity in the workplace, managers' goals should encompass which of the following? 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. He has the following security-related information: Parvalue$1,000Couponinterestrate6%Taxbracket20%Cost$930Yearstomaturity10\begin{array}{llll} Starbucks baristas are paid above the minimum wage, even at the entry-level position. Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. Many people in the UK will have a product from Thornton & Ross somewhere at home. Answered over 90d ago. This f(x)=x48x2+16, (A)[1,3](B)[0,2](C)[3,4](A)\ [-1,3]\qquad (B)\ [0,2]\qquad (C)\ [-3,4] Speaking at the annual shareholders meeting in . Although Starbucks lost profit from closing stores, it gained some credibility with communities. c. marketing In what ways do customers express their views about trust of company goods and services? A stakeholder is any party, individual, or group interested in an organization's actions and outcomes. b. means supporting dogmatic rationality 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. 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. Protected classes are created by both federal and state law. Employees Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? ParvalueCost$1,000$930Couponinterestrate6%Yearstomaturity10Taxbracket20%. Intellectual- includes knowledge, wisdom, and prudence (the most important one). B. local and regional governments* Starbucks is opening small cafes half the size of existing cafes. Enacted in 1966, which of the following laws is the most important U.S. law forbidding cruelty to animals in laboratory settings? Provide at least two examples of how employees' expectations of work have changed in modern business. Which of the following is not a belief that businesses hold? A. most important, given its provision of goods and services. Coffee and tea growers are Starbucks ' main stakeholders who supply the needed raw materials. Blooms: Remember Starbucks Stakeholder Analysis. Sample Answer: In May 2018, Starbucks closed its stores after an incident in which two African 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 . Phillips, R. (2003). It is the decision a person we chooses to be through the development of habits and the routine actions in which we choose to engage. Which of the following does an entrepreneur typically need to be willing to do to start a business? e. They have not directly addressed the matter of symbolic speech. Consider Fisher's remarks in the last two paragraphs. (Select all that apply. Which of the following are considered intellectual virtues? * training. Which concept holds that workers should be paid on the basis of the value of their job to the organization? The most important function of the board of directors is to hire the president or A. milk producers* extensive pool of talent. 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. For that law, companies are. The triple bottom line focuses on three things: profit, people, and planet. OSX_EthicsTB_Ch03_DefiningAndPrioritizingStakeholders.docx AACSB: Application, Difficulty: Easy They need to develop sustainable sources of quality beans. (Select all that apply.) this is an example of.. B. generations, such as the case with pollution. 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? A company's Board of Directors is responsible for guiding CEO succession, which should be a well-planned event. Starbucks Competitors: Top 3 Starbucks Rivals - Investopedia Starbucks: More Value For Shareholders Through - SeekingAlpha Explain using details from the text. 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? Starbucks primary stakeholders are their employees, customers, shareholders, investors, suppliers, coffee farmers, local communities, and other business partners. They can affect how successful Starbucks is by doing their job and providing inputs into decisions that go into creating products and services that customers want. Every country has their own preferences; from the food they eat to even the the type of cloth they to wear. Starbucks confirmed the results of the vote to CNN Business. Q: The focus on chapter 6 is diversification which can mean different things for companies depending on the context. business and sustainability strategies. Interacts directly with business stakeholders to understand business problems and to communicate ramifications of technical options; Presents recommendations clearly and persuasively to support business stakeholder decisions; Influences and negotiates with business and technology teams across Starbucks to resolve issues The mayor's wife often___ to the front of church on Sunday to show off her expensive, new clothes. Business Ethics Mid Term Flashcards | Quizlet For the fiscal year 2022, group revenue increased by 55 per cent to $1.1 billion from $712 million in the previous year, and this resulted in a profit before tax of $53.7 million compared to a . Environmentalists raise the issue of species and beds to show customers the available bed sizes. Athenian philosophical theories of ethics are no longer applicable in contemporary times, Which of the following describe original position? Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. 16 & 14 & 9 & 11 & 15 & 8 & 12 & 16 & 17 & 13 & 15 & 10 & 9 \\ AACSB: Ethics, Difficulty: Easy changes. In three to four sentences, describe the difference between legal compliance and social responsibility. Blooms: Apply c. her portrayal of the character offended shareholders B. shareholders In the most generic form of stakeholder groups, Starbucks has an effect on its Employees, Customers, Community, Suppliers, Shareholders, Government, and Competitors. The consumers also have a responsibility whether they end up liking the product or not and that is to make sure they let the company know whether they are doing a good job or not. gender Acculturation refers specifically to the cultural transmission and socialization process that stems from cultural exchange. Which Stakeholder Is Most Important Is Always Shown By - Bloomerang Summarize the ethical debate of whether corporations owe a duty to society or only to their owners. Community members may view big box stores as a threat to small businesses' livelihood. ), religious beliefs Which of the following is an example of an external stakeholder of an organization? d. plastic-cover manufacturers, milk producers, Urban and suburban communities, coffee and tea growers, which of the following is not stakeholder of a nonprofit business? In Richard DeGeorge's humanities model, business ethics would prepare students to do certain specific things. AACSB: Real-world, Difficulty: Moderate American men were arrested while waiting for a friend at a Starbucks. Of course companies have the responsibility to market their products with integrity because without them, the business would be no where. operations (CAFO). 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 Which of the following is true of Court decisions concerning symbolic speech? Starbucks's Organizational Structure & Its Characteristics B. government liaison/lobbying director Customers still enjoy the product and yet competition is growing. A firm's vision is the foundation for its mission. This is viewed Applicants must submit a complete application to receive an interview. c. Samsung assumed the risk of exposure and picked up the washers In the case of Coca-Cola, its website discusses stakeholder engagement in a For Starbucks, its major stakeholders include employees, customers, suppliers and stockholders. D. chief privacy officer, In which functional areas of business does the CEO hire management? Explain Lynn Stouts view of the role of shareholders and the implication for stakeholder STEP 1: DEFINE STAKEHOLDER ENGAGEMENT Discuss the meaning of stakeholder engagement. c. media What Are Internal And External Stakeholders In Starbucks? Consult with business partners, managers or other key stakeholders. The duty to obey a categorical imperative is irrespective of consequences. Which of the following definitions best describes mercantilism? About Starbucks, the main challenges related to economic, social, and technological factors. coffee and tea growers. Many baristas have eventually become managers and worked their way up into higher positions within management (Mitchell, Agle, & Wood, 1997). AACSB: Application. The coffeehouse company must strengthen its competitive advantages accordingly. Aristotle believes that prudence plays the major role because it helps individuals avoid excess and deficiency. 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 Sample Answer: Lynn Stout believed that shareholders do not necessarily behave as a class. Which is the primary law prohibiting religious discrimination in the private sector workplace? This file is copyright 2019, Rice University. a. community that uses billions of liters of water in a community where many people are without water. Answer: False, True or false? [Solved] Read the following scenario and use the following five key UmweltWirtschaftsForum, 21(1), 59. According to the I/O Model of Above-Average Returns, which of the following steps should Starbucks complete immediately before implementing a strategy? The people in this economy have $20 million in money, and they deposit all their money in Humongous Bank. What is the projected market size and growth rate of the Decaf Coffee Market? U.S. firms and their employees are allowed to use bribery in other countries if allowed by local legal and cultural differences. Which of the following is an example of an external stakeholder of an Which of the following are Starbucks' key stakeholders? Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. 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. Managing and executing the strategy of a company b. standards of behavior List and briefly describe the two types of virtues identified by Aristotle. Starbucks's Mission Statement & Vision Statement (An Analysis) Enculturation refers to the process by which humans learn the rules, customs, skills, and values to participate in a society. 12 & 14 & 11 & 8 & 7 & 12 & 15 & 9 & 16 & 13 & 11 & 10 & Starbucks hiring manager, program management- corporate technology in 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 . A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers Corporations, directors and managers are all protected by laws saying that in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership. uproar. List and briefly describe the three normative theories of ethics. Sample Answer: Greenwashing is the view that companies are acting superficially or are a. the lifestyle characterized by the acquisition of goods and services 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. $16.7 Million To Save One Reputation: How Starbucks Responded Amidst a Which of the following are Starbucks' stakeholders? (Select all the same as information from trusted adults, What are some ethical concerns about advertising? Starbucks competes with many other coffeehouses, including Dunkin' Donuts, McDonald's, and Caribou Coffee. Laws dictate all ethical responsibilities that a company may owe key 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. A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent. is corporate opportunism and the possibility that committed stakeholders are exploited. Henry Ford must operate Ford Motor Company primarily to maximize profit for its shareholders. 35.Deconfliction is necessary when the penetration test: A. determines that proprietary information is being stored in cleartext. From the beginning, Starbucks set out to be a different kind of company. the importance of companies considering the priority of such parties. 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. Capital Punishment and Vigilantism: A Historical Comparison, The Long-term Effects of Environmental Toxicity, Audism: Occurrences within the Deaf Community, The Porter Diamond: A Study of the Silicon Valley, The Studied Microeconomics of Converting Farmland from Conventional to Organic Production. c. actions a firm undertakes to satisfy the base threshold for acting ethically External stakeholders have a direct impact if they purchase a product and the relationship they have with a company. governance. 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. A. minority- and women-owned small business owners* such as Yelp where customers share their good and bad experiences. All Rights Reserved. (Select all that apply.) It is also competing with companies like Peet's Coffee & Tea Company, which have more exclusive products. social media, they are apt to speak up about their customer experience. Stakeholder theory and organizational ethics. AACSB: Real-world, Difficulty: Easy The firm issued $3 billion in bonds, taking advantage of the. Defectives16121414911118157812121516917161313151110109. 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 . 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They have extended protections to only some forms of symbolic speech. What CSR lesson did Starbucks convey when it closed its stores for a day? Answered over 90d ago. Before-tax cost of debt and after-tax cost of debt: David Abbot is considering purchasing a Sony bond. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Coffee producers are a major stakeholder for Starbucks because the firm has staked its reputation on high quality coffee. c. business should behave ethically, being responsible to all stakeholders b. Samsung's warned customers that the machines could tip over a. consumerism stakeholders. Lorem ipsum dolor sit, s ante, dapibus a molestie consequat, ultrices ac magna. d. challenges in decision-making, which of the following best exemplifies what ancient athenian ethicists believed? a. Humongous Bank decides on a policy of holding 100% reserves. The Porter's Five Forces analysis of Starbucks Corporation shows that these competitors and related industry factors and market factors combine to create the strong force of competitive rivalry in the food service industry environment. D. rules*, What was the reason for Scarlett Johanssons withdrawal from a recent movie? a. high-level manners McDonald's London, England, United Kingdom1 month agoBe among the first 25 applicantsSee who McDonald's has hired for this roleNo longer accepting applications. Select the best answer. There is a growing recognition of the need for corporate accountability. Find the absolute maximum and minimum, if either exists, for each function on the indicated intervals. Entrepreneurs can still remain ethical while focusing on profit because they can't afford to have people disliking them as well as creating drama. 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? Who Are Stakeholders In A Business? | Indeed.com Car design should focus on being competitive on the road. (a) What is Friar Lawrence's plan for Juliet? Global store sales increased 20% year-over-year, led by a strong 22% average increase in sales across all North American stores. Every stakeholder has different interests depending on their relationship with an. Starbucks Stakeholder Analysis - 1096 Words | Cram via the notion of what constitutes necessity as opposed to luxury. results to decision makers in management. AACSB: Analytical, Difficulty: Easy When expanded it provides a list of search options that will switch the search inputs to match the current selection. b. globalization b. ethics is about what someone does If you feel harassed, prejudiced against, or disadvantaged in your workplace, you may file a complaint with the ________. Stakeholder theory: Reviewing a theory that moves us. What are some amenities companies offer employees that go beyond a legal minimum or celebrated coffee and the rich tradition, but that also brought a feeling of connection. b. competitors Stakeholders: Essentially contested or just confused? In the Supreme Court ruling Citizens United v. Federal Election Commission, which Amendment was at the center of the case? nature as stakeholders. 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. Which of the following describes the impacts that diversify A normative approach views stakeholders as ends in themselves rather How can you explain the range of mixed economies in the world? Blooms: Apply What is the ethical issue behind issuing disaster insurance? Pellentesque dapibus efficitur laoreet. Which is the best example of a novelty craze? Participate in and support community . Among the most important stakeholders with regard to Starbucks are the company's employees, customers, suppliers, investors, government, and the environment. with Starbucks in lieu of a civil action against the corporation. c. utmost conduct c. Assume that Humongous bank is part of a multibank system. Develop or acquire assets and skills needed to implement the strategy. urban and suburban communities (Select all that apply.) Take airbnb for example, accommodations are not inspected while in a hotel, they are.

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