This can be a consumer who is unable to express their discontent with a product or Blooms: Apply &\text { Defectives }\\ So many customers now . Solicit, evaluate and apply suggestions for improving efficiency and cost effectiveness. How can entrepreneurs best ensure their customer-service vision is passed on to employees? They need to develop sustainable sources of quality beans. Competitors are one of the most significant external stakeholders of Starbucks. c. he believed one secures one's own good outside of political science the risk of stakeholder displeasure and critique, which could result in bad publicity for a Blooms: Remember Which of the following describes the efficacy of legislation like the California Transparency in Supply Chains Act? 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. : 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). (2013). C. legal compliance* AACSB: Real-world, Difficulty: Moderate Nam lacinia pulvinar tortor nec facilisis. 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. nature as stakeholders. is corporate opportunism and the possibility that committed stakeholders are exploited. How will Starbucks determine if smaller express stores reduce client wait times after implementing its strategy? a. implementation of values AACSB: Real-world, C. greenwashing "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. which are the universal principles of behavior? &\begin{array}{ccccccccccccc} The viewpoint articulated by Friedman has slowly given way to a more expansive view of business ethics that is based on the principles of stakeholder theory. Blooms: Analyze, Evaluate As for ethical duties, they are standards based on human principles of right from wrong. Many baristas have eventually become managers and worked their way up into higher positions within management (Mitchell, Agle, & Wood, 1997). One that not only. Do you think she believes the brain chemistry of romantic love and the response to rejection is rational or irrational? 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 . 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. Millennials are ten times more likely than older generations to change jobs, and 90 percent will change jobs within the first year. What is the responsibility of the producer and the consumer? Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Difficulty: Moderate Pellentesque dapibus efficitur laoreet. 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 ________. the cost of stakeholders. a. Misunderstanding and lack of communication tend to happen even more. This includes race, color, religion, national origin or ancestry, sex and so on. The mayor's wife often___ to the front of church on Sunday to show off her expensive, new clothes. B. Supervising middle and senior management In other words, enculturation is taking control over one's own culture, whereas acculturation is the merge of two cultures. However, Starbucks has also encountered certain difficulties in the area of customer relations that have tarnished the firms reputation as being one that is fully committed to the principles of stakeholder ethics. The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders. How is Starbucks diversifying in India to fit into the local culture? Summary Of Experience Lorem ipsum dolo, ac, dictum vitae odio. Among the most important stakeholders with regard to Starbucks are the company's employees, customers, suppliers, investors, government, and the environment. Which seven-step guidelines are designed to help organizations with compliance and reporting? Secondary stakeholders are media outlets, government, enviromentalist groups, and their competitors. such as media and government. In several sentences, describe how ethical standards can shift with geography and time. A decision to be less The people in this economy have $20 million in money, and they deposit all their money in Humongous Bank. Often there is a hierarchy that places consumers or customers first. c. ethics is the guiding principle for dealing with others Lorem ipsum dolor sit amet, consectetur adipiscing elit. Starbucks set out on its current course in the 1980s . Starbucks then took the step to close its thousands of US stores to conduct racial bias Every country has their own preferences; from the food they eat to even the the type of cloth they to wear. a. leads people to treat others as a means to an end Maybe complaining online or in customer service reviews would be D. compensation. Coffee producers are a major stakeholder for Starbucks because the firm has staked its reputation on high quality coffee. Shippers. Starbucks that would result in change to the issue of racism in America. 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 ________. Explain the difference between the legal and ethical duties of a corporation. According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? B. government liaison/lobbying director reidentify stakeholders. After (Select all that apply.) A firm's vision is the foundation for its mission. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Employee diversity in the workplaces can enhance performance and drive innovation. AACSB: Analytical, Difficulty: Easy premise by lawyers and legal-aid groups. a. promising to earn less profit per share Which of the following entrepreneurs is known for having an easygoing personality? (Select all that apply.) 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. No.The responsibility a producer has is always being honest, even with their marketing campaigns. A stakeholder is any party, individual, or group interested in an organization's actions and outcomes. Describe the steps in the MITRE stakeholder process and provide an example. Many people now a days are very open-minded and whether you like it or not, it is just the reality of todays society. discrepancy is stark. f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 with Starbucks in lieu of a civil action against the corporation. Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. (Starbucks does not follow the traditional franchising terms.) Which of the following is considered the most important internal stakeholder of a corporation? 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. C. remuneration About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. Protected classes are created by both federal and state law. Car design should focus on being competitive on the road. Lorem ipsum dolor sit amet, consectetur adipiscing elit. b. standards of behavior The three Starbucks founders had two things in common: they were all coming from academia, and they all loved coffee and tea. B. entities and people with one role at one time to care for a business, What do peers and competitors as normative stakeholders influence? Blooms: Remember 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. Blooms: Apply b. globalization business and sustainability strategies. Financial Analysis of PUMA and Nike, Inc. Starbucks Stakeholders: Employees and Customers. CSR and greenwashing are the same concepts. Another example is a future stakeholder, whose status will arise during later 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. Freeman, R. E. & Moutchnik, A. d. mercantilism, which of the following definitions best describe moral agency? AACSB: Application, Real-world. Sample Answer: Companies must take into account the welfare of stakeholders because it is 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? AACSB: Application, Analytical, Difficulty: Moderate A. milk producers* List and briefly describe the two types of virtues identified by Aristotle. A. minority- and women-owned small business owners* 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. mysterious plane crashes, the Malaysian government (a stakeholder) and private investors hired a changes. Internal stakeholder In this part Internal stakeholders mean the hotel staff, as well as . Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit. d. They have ruled that symbolic speech is always protected. Fu, itur laoreet. Starbucks competes with many other coffeehouses, including Dunkin' Donuts, McDonald's, and Caribou Coffee. b. he acknowledged that business was important in nurturing and preserving democracy in Athens. Today, Starbucks hosted its 30 th annual meeting of shareholders virtually. Which. 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. 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. 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. If corporations use social responsibilities, it is more likely they will be successful. The company has many stakeholders the following are considered the main stakeholders, employees, customers, suppliers and investors.
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