Q: The focus on chapter 6 is diversification which can mean different things for companies depending on the context. In the United States, Ikea displays A. 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. Starbucks: Not A Well-Conceived CEO Succession Plan - SeekingAlpha Blooms: Remember a. ethics applies solely to business-making $16.7 Million To Save One Reputation: How Starbucks Responded Amidst a \end{array} When expanded it provides a list of search options that will switch the search inputs to match the current selection. such as media and government. (Select all that apply.) As for ethical duties, they are standards based on human principles of right from wrong. Misunderstanding and lack of communication tend to happen even more. a. he viewed those outside economic and political circles as virtuous Its normal and keeps things interesting in my opinion. McDonald's hiring Data Enablement Consultant in London, England, United The concept of CSR is not one that is merely about corporations engaging adopting stakeholder ethics for its own sake, however important many of the ethical issues involved may be (Laplume, Karan & Litz, 2008). Blooms: Analyze Some prioritization is particular to deontology (the second approach)- to examine the means, or actions, we use to carry out a business decision and suggests that it is the means that lend nobility to the ends. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 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? What was the decision? Thus, Ikea changed in response to consumer D. pet owners, Which of the following are the duties of the board of directors? While Starbucks has demonstrated some level of commitment to the principles of Starbucks regarding labor relations and employee retention, it is also clear that certain problems remain as well. A firm's vision is the foundation for its mission. c. ethics is the guiding principle for dealing with others In several sentences, describe one ethical draw-back of job-sharing. It is ineffective because it only requires disclosure of information about suppliers' working conditions and does not govern those suppliers. ), True or false? A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers (b) Analyze: Why do you think Juliet trusts the Friar? Which. cows and also pollutive, concentrating animal waste in the ground, air, and water. Blooms: Remember This includes Mexico, which has a Coca-Cola plant Difficulty: Difficult Explain how Ikea has had to adapt its business model in different countries. C. her portrayal of the character offended shareholders Solved Which of the following best explains why Starbucks | Chegg.com welfare. Blooms: Apply (Select all that apply.). Blooms: Apply Starbucks Stakeholder Analysis. Blooms: Remember Establish trust. a. implementation of values The way corporations pay their "duties" to the owners is by distributing the profits to shareholders in the form of dividends after earning revenue and deducting expenses. A firm's vision is the foundation for its mission. a. high-level manners UmweltWirtschaftsForum, 21(1), 59. Which of the following does an entrepreneur typically need to be willing to do to start a business? people do not need some of the promoted products or services. 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. In three to four sentences, describe the difference between legal compliance and 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. c. media Yet there 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? focused on stakeholders, and perhaps instead concentrated on consumers or shareholders, could Who are the stakeholders of Starbucks Coffee? Explain using details from the text. 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. What are some amenities companies offer employees that go beyond a legal minimum or On the other hand, Starbucks has often been criticized as a firm that is hypocritical in his approach to such matters by claiming to be a company that abides by the principles of stakeholder ethics while treating its employees poorly. "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. Stakeholder theory and organizational ethics. Over time, people change, technology advances just like it has in the past couple of years, and cultural mores shift. (1997). Mansell, S. (2013). C. environmental agencies Which of the following is changing the environment in which many of the world's industries compete? ), religious beliefs 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. AACSB: Ethics, Difficulty: Easy Which concept means that the owners (shareholders) of corporations, as well as directors and managers, are protected by laws stating that their losses in case of business failure cannot exceed the amount they paid for their shares of ownership? Here is a list of some of the most common external stakeholders your organization may work with: Customers Communities It Which are some types of stakeholder relationships that a local chamber of commerce would have? Starbucks primary stakeholders are their employees, customers, shareholders, investors, suppliers, coffee farmers, local communities, and other business partners. Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? 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. as compromising the mission of Ben & Jerrys as envisioned by its founders. Identify and describe two factors that determine the ethics of "gift-giving" as opposed to bribery. Also, Starbucks faced the challenge of technology. List and briefly describe the two types of virtues identified by Aristotle. Difficulty: Moderate long-term dialogue to inform the companys decision making and as a core component of its b. ethics is about what someone does Legal duties of a corporation are the legal standards that are in governmental laws for example, a duty to report a felony or to keep premises clean. stresses that a company must sustain trust with stakeholders. This incident caused a global and avoiding bias. 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. What Are Internal And External Stakeholders In Starbucks? b. applying U.S. law regarding child labor globally Pay Range : $123,600- $193,200/ annually. D. chief privacy officer, In which functional areas of business does the CEO hire management? AACSB: Analytical, Difficulty: Moderate What is the ethical issue behind issuing disaster insurance? d. her portrayal of the character offended stakeholders, her portrayal of the character offended stakeholders, which of the following best relates to prioritizing stakeholders? (Select all that apply. In other words, enculturation is taking control over one's own culture, whereas acculturation is the merge of two cultures. (A)[1,3](B)[0,2](C)[3,4]. The ExploitDB is a very useful resource for identifying possible weaknesses in your network and for staying up to date on current attacks occurring in other networks". 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. Summary. Journal of Management, 34(6), 11521189. release manager - Starbucks The shippers have also announced the suspension of both . Enculturation refers to the process by which humans learn the rules, customs, skills, and values to participate in a society. Solicit, evaluate and apply suggestions for improving efficiency and cost effectiveness. c. customers are considered high-priority stakeholders celebrated coffee and the rich tradition, but that also brought a feeling of connection. D. Car manufacturers need to be quicker to the market. c. humanistic business model a. the lifestyle characterized by the acquisition of goods and services To uphold honorable standards of behavior. The successful candidate must be a well-rounded leader who can drive and sustain collaboration with Starbucks stakeholders across both Technology and Business, especially within challenging and . service, for example. 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. Which of the following laws ensures that employers provide a workplace environment free of risk to employees' safety and health? 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. the risk of stakeholder displeasure and critique, which could result in bad publicity for a This AACSB: Application, Real-world, Difficulty: Moderate Defence Equipment & Support (DE&S) hiring Senior Cost Estimator in b. her portrayal of the character was not approved Starbucks CEO Kevin Johnson earned a $1.86 million bonus in fiscal year 2020 in addition to a larger retention award, designed to. he acknowledged that business was important in nurturing and preserving democracy in Athens. Business & Society Flashcards | Quizlet In the Supreme Court ruling Citizens United v. Federal Election Commission, which Amendment was at the center of the case? Consequently, the argument is made that corporations should aspire to be good corporate citizens that demonstrate care for the full range of stakeholders that are impacted by their activities. \end{array} b. globalization pilgrimages in response to passenger stakeholder interests in making such trips. AACSB: Analytical, Difficulty: Easy D. plastic-cover manufacturers, Which are some types of stakeholder relationships that a local chamber of commerce would Nam risus ante, dapibus a molestie consequat, ultrices ac magna. It is insufficient to have a mission statement, language on a website, or \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ (Select all that apply.). Stakeholders To contribute to sustainable development inside a destination using environmentalism, everyone stakeholders should collaborate systematically to seek collective advantages again for destinations, also to improve the macroeconomic stability of such region's people and support preservation. Course Hero is not sponsored or endorsed by any college or university. Miles, S. (2012). Donec aliquet. essence of Stouts view is concern that shareholders may want to maximize their investment at . Today, Starbucks hosted its 30 th annual meeting of shareholders virtually. Government of Alberta hiring JFR Crew Member in Alberta, Canada | LinkedIn Another concern that has been raised by Starbucks employees involves the issue of job security and insecurity of hours. Draw a T-account for the bank after this first round of loans has been made. Freeman is best known for his work on stakeholder theory and business ethics, in which he suggests that businesses build their strategy around their relationships with key stakeholders. Starbucks continually emphasizes its commitment to corporate social responsibility. AACSB: Application, Difficulty: Easy The phrases Starbucks and Coffee were later removed from the cup so that the brand might potentially extend beyond coffee products. Stakeholder theory: Reviewing a theory that moves us. Stakeholder Relationships: It appears there are growing disconnects among at least some of their stakeholders. This button displays the currently selected search type. d. public policy, which of the following examples best demonstrate the burden of the social contract that companies have with stakeholders? Starbucks baristas are paid above the minimum wage, even at the entry-level position. 'Group stronger, more adaptive' - trinidadexpress.com (Select all that apply.) D. stakeholder prioritization, Difficulty: Easy Therefore, some employees work for Starbucks to gain that status. The number of defectives in each sample is listed in time order in the table that follows. Urban and suburban communities c. conscientiousness, honor, and accountability In many ways, Starbucks is indeed a firm that maintains higher standards concerning the treatment of employees than many other firms in service-related retail industries (for example, fast food restaurant chains and superstores). stakeholder needs. systemic ethics problems. Starbucks hiring project manager, sr - Business Operations(DAIBO) in Supply Chains Act also implicates the welfare of stakeholders. Intellectual- includes knowledge, wisdom, and prudence (the most important one). All stakeholders must be treated the same. beds, which is acceptable in that culture. Which of the following is an example of an external stakeholder of an organization? Answer: True, True or false? 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). U.S. firms and their employees are allowed to use bribery in other countries if allowed by local legal and cultural differences. Many people now a days are very open-minded and whether you like it or not, it is just the reality of todays society. c. marketing Pellentesque dapibus efficitur laoreet. \end{aligned} Coffee producers are a major stakeholder for Starbucks because the firm has staked its reputation on high quality coffee. C. coffee and tea growers* How does a corporation prioritize stakeholder claims? A. her portrayal of the character was insincere It is in a business's best interest to promote human flourishing within the organization by providing ________. Take airbnb for example, accommodations are not inspected while in a hotel, they are. Blooms: Remember A company's Board of Directors is responsible for guiding CEO succession, which should be a well-planned event. Technical Product Manager - API Gateway - Starbucks Coffee B. her portrayal of the character was not approved Which of the following is not an example of a stakeholder? A) Political Which insurance covers the damage to the fire hydrant? Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. 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. Acculturation refers specifically to the cultural transmission and socialization process that stems from cultural exchange. Explain an employee's common law duty of loyalty to their employer. Describe at least two ethical duties an employer owes to their employees. 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. The duty to obey a categorical imperative is irrespective of consequences. Solved Thirty years ago, Starbucks was a single store in - Chegg Consult with business partners, managers or other key stakeholders. Which of the following describes the impacts that diversify Donec aliquet. A) Employees B) Customers C) Shareholders D) Economy C. chief executive officer* (Select all that apply.) c. her portrayal of the character offended shareholders At times, Starbucks has become embroiled in a range of political and social controversies as well (Freeman & Moutchnik, 2013). The mayor's wife often___ to the front of church on Sunday to show off her expensive, new clothes. D. compensation. C. Defining a companys ongoing mission* Starbucks has also faced lawsuits concerning efforts to withhold tips from employees. Employee diversity in the workplaces can enhance performance and drive innovation. stakeholders. C. legal compliance* protect than a trademark or patent. They need to develop sustainable sources of quality beans. Once data are validated, managers present the AACSB: Application. The main difference between a bribe and a gift is intent. 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. AACSB: Application, Difficulty: Easy Starbucks Case (1).pdf - Applying Carney to Starbucks
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