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. 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. Has opportunity to lead a team. Also, Starbucks faced the challenge of technology. mysterious plane crashes, the Malaysian government (a stakeholder) and private investors hired a 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? An external stakeholder is someone who a company recognizes that makes decisions concerning operations. systemic ethics problems. 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. 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 Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. Felix Madison has $10,000 worth of property damage insurance and a$1,000 deductible collision insurance policy. ventana canyon golf membership fees; what ships are in port at norfolk naval base? c. the theory that global wealth is static and prosperity comes from wealth through extraction Blooms: Remember Do you think she believes the brain chemistry of romantic love and the response to rejection is rational or irrational? 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. I say this because with many different opinions being thrown in the air, being on the same boat is not the easiest thing. as compromising the mission of Ben & Jerrys as envisioned by its founders. Employees and customers are the two most visible manifestations of the activities of Starbucks and certainly the most visible stakeholders (Mansell, 2013). Blooms: Apply 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. 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). (Select all that apply.) extensive pool of talent. via the notion of what constitutes necessity as opposed to luxury. (Select all that apply.) True or false? inauthentic in carrying out corporate social responsibility when the company already has \end{array} a. ethics applies solely to business-making stakeholders that their concern was taken into consideration and will continue to be valued. The people in this economy have $20 million in money, and they deposit all their money in Humongous Bank. It Caring about employees as well as how their customers is doing will always be worth it in the long run. Berrett-Koehler Publishers. Starbucks has also been accused of overpricing its products, particularly concerning its franchises in China, and of underfilling its cups as well (Laplume et al., 2008). coffee and tea growers. Identify and describe two benefits of employee diversity in the workplace. Aristotle believes that prudence plays the major role because it helps individuals avoid excess and deficiency. Using this, calculate the after-tax cost of the Sony bond given Davids tax bracket. Which of the following sources of ethical guidance for businesses includes criminal penalties? In 1981, Howard Schultz (Starbucks chairman and chief executive officer) had first walked into a Starbucks . Employees Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? a. consumerism 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. They b. Samsung's warned customers that the machines could tip over Which of the following is a resource made available to employees, in addition to salary? b. standards of behavior b. the doctrine that a corporation has some of the same legal rights and responsibilities enjoyed by natural persons 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. * A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers The entitlement of the environment to legal status is a long-argued Secondly, Starbucks Coffee Company is a big name and anybody loves to be associated with a big company. According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? normative, descriptive, and instrumental approaches. this is an example of.. Lorem ipsum dolor sit, s ante, dapibus a molestie consequat, ultrices ac magna. c. her portrayal of the character offended shareholders 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 . Its normal and keeps things interesting in my opinion. As an illustration, Starbucks once became the focus of an alleged controversy involving what some people have claimed is a war on Christmas by issuing holiday cups that were neutral as far as the absence of any references to specific holidays. Media While a power-interest grid is usually used to determine the key stakeholders of a business on an ongoing basis, it can also be used to focus on key aspects of a short-term challenge or situation. AACSB: Analytical. (Select all that apply. Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit. 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. AACSB: Ethics, Difficulty: Easy a. the responsibility a company has regarding justice and care (Select all that apply. A) Employees B) Customers C) Shareholders D) Economy (Select all that apply.) "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. d. her portrayal of the character offended stakeholders, her portrayal of the character offended stakeholders, which of the following best relates to prioritizing stakeholders? d. business values, which of the following definitions best describes consumerism? So many customers now . Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding 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. c. Compute and plot the A, B, and C zone boundaries on the p-chart. 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. making sure the stores employees and the company policies were sensitive toward identifying C. her portrayal of the character offended shareholders Which concept holds that workers should be paid on the basis of the value of their job to the organization? The California Transparency in Journal of Business Ethics, 108(3), 285298. C. remuneration B. Consumer responsibility is diminished if advertising is directed toward children. A trade secret is a form of intellectual property protection and is easier to AACSB: Analytical, Difficulty: Moderate have? (Select all that apply.) Henry Ford must operate Ford Motor Company primarily to maximize profit for its shareholders. From just a narrow storefront, Starbucks offered some of the world's finest fresh-roasted whole bean coffees. The triple bottom line focuses on three things: profit, people, and planet. b. courage, honor, and loyalty safeguard properties lawsuit 2017; syl johnson chad ochocinco father ), True or false? Explain using details from the text. service, for example. c. Assume that Humongous bank is part of a multibank system. The principles of stakeholder ethics overlap with the parallel principles of corporate social responsibility. Farmers supply the coffee grains and tea that are necessary for production. nature as stakeholders. 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 . Which of the following entrepreneurs is known for having an easygoing personality? celebrated coffee and the rich tradition, but that also brought a feeling of connection. b. ethical principles that apply everywhere despite differences in time, geography and culture However, Starbucks has also been criticized for its labor relations as well. C. coffee and tea growers* \text { Cost } & \$ 930 & \text { Years to maturity } 10 & The following points outline skills and experiences that are considered assets: First Aid and CPR certification. 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. Answered over 90d ago. AACSB: Analytical, Difficulty: Easy Malaysian Airlines is another example of a company responsive to the stakeholder process. Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. ), religious beliefs Starbucks steps evinced a social consciousness and focus on stakeholders. Consult with business partners, managers or other key stakeholders. Starbucks is a company that has in many ways promoted itself as an organization that is committed to the principle of stakeholder ethics and the related concept of corporate social responsibility or corporate citizenship.