* Stakeholder theory: Reviewing a theory that moves us. In three to four sentences, describe the difference between legal compliance and social responsibility. Employees Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? (Select all that apply.) Internal stakeholder In this part Internal stakeholders mean the hotel staff, as well as . 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 ________. a. leads people to treat others as a means to an end Our responsibility starts with being accountable to Starbucks stakeholdersour partners, customers, shareholders, suppliers, community members and othersand communicating openly about our business practices and performance. Observing the company's liquidity, Starbucks has around $2.6 billion in cash and short-term borrowing facilities of $3.5 billion. Starbucks baristas are paid above the minimum wage, even at the entry-level position. The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders. Car design should focus on being competitive on the road. Starbucks Coffee Company supports its competitive advantages through the characteristics of its corporate structure. a. her portrayal of the character was insincere ), True or false? Starbucks Stakeholder Analysis. a. milk producers In the United States, Ikea displays FedEx and UPS. AACSB: Reflection, Application, Difficulty: Difficult Donec aliquet. Also, a bribery is very unethical and can look bad for the business. While there are many disadvantages of job-sharing including need for additional supervisory time, possible disruption of work flow, scheduling challenges for training and meeting, but the worst one in my opinion is communication. such as media and government. Blooms: Apply Answer: True, True or false? Phillips, R. (2003). AACSB: Ethics, Application, Difficulty: Moderate (Select all that apply.) His expertise also extends to areas such as leadership, corporate responsibility and business strategy. Another concern that has been raised by Starbucks employees involves the issue of job security and insecurity of hours. c. Compute and plot the A, B, and C zone boundaries on the p-chart. 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? inauthentic in carrying out corporate social responsibility when the company already has Protected classes are created by both federal and state law. AACSB: Application, Difficulty: Easy Stakeholder management and CSR: Questions and answers. which are the universal principles of behavior? b. code of ethics Large corporations such as The images of smoldering tank cars, plumes of thick black smoke and a charred rural Ohio town reeling from the fiery Feb. 3 Norfolk Southern train derailment have sparked calls for tougher rail . After True or false? Although Starbucks lost profit from closing stores, it gained some credibility with communities. In China, Ikea allows its visitors to take naps on A) Employees B) Customers C) Shareholders D) Economy Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding In addition with many other laws, current employees are not to work for competitors or set up competing companies that divert potential clients and opportunities. (A)[1,3](B)[0,2](C)[3,4]. d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . Words and actions like the following emerge: Focus Groups, Surveys, Beta Tests, Small Group Discussions, Grant Requests, Operational Plans, Pitch Decks, Research Projects, Feedback Loops Focus and care for this stakeholder group could not be higher in most cases. * Explain how Ikea has had to adapt its business model in different countries. reidentify stakeholders. B. a. courage, decorum, and accountability Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. 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. e. They have not directly addressed the matter of symbolic speech. Often there is a hierarchy that places consumers or customers first. C. legal compliance* UmweltWirtschaftsForum, 21(1), 59. gender systemic ethics problems. c. environmental tax True or False: The environment is not considered a stakeholder, True or False: Goodwill . It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. Some prioritization is particular to Among the most important stakeholders with regard to Starbucks are the companys employees, customers, suppliers, investors, government, and the environment. c. is an unattainable goal of perfect virtue b. Humongous Bank is required to hold 5% of its existing$20 million as reserves, and to loan out the rest. chief executive officer. nature as stakeholders. Which of the following are well-documented outcomes? C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make (Select all that apply.) Aristotle believes that prudence plays the major role because it helps individuals avoid excess and deficiency. To construct a p-chart for a manufacturing process, 25 samples of size 200 were drawn from the process. Difficulty: Difficult In a short paragraph, describe the difference between enculturation and acculturation. 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 Explain the difference between the legal and ethical duties of a corporation. Blooms: Understand, Apply Consumers support big box stores that offer quality goods and reasonable prices, Which of the following are Starbucks' stakeholders? Once data are validated, managers present the Job Summary and Mission. 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. Which of the following best describes information that has economic value because it is not generally known to the public and is kept secret by reasonable means? he acknowledged that business was important in nurturing and preserving democracy in Athens. c. humanistic business model ), positive customer experiences (Starbucks does not follow the traditional franchising terms.) urban and suburban communities One that not only. 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. Do companies have the responsibility to market their products with integrity? What was the decision? Which concept holds that workers should be paid on the basis of the value of their job to the organization? 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 . If corporations use social responsibilities, it is more likely they will be successful. Here is a list of some of the most common external stakeholders your organization may work with: Customers Communities Also, it is crucial that the company inform 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. According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? A. her portrayal of the character was insincere AACSB: Real-world, C. greenwashing Blooms: Analyze, Evaluate standards of behavior for professional and personal lives, to uphold honorable standards of behavior. How are Ben & Jerrys and Coca-Cola respective examples of greenwashing? AACSB: Ethics, Difficulty: Easy Summary. Which of the following are Starbucks' stakeholders? Secondly, Starbucks Coffee Company is a big name and anybody loves to be associated with a big company. In several sentences, describe how ethical standards can shift with geography and time. Blooms: Understand Has opportunity to lead a team. Answer: False. which of the following is the best description for what it means to be a professional of integrity? AACSB: Ethics, Difficulty: Easy JFR Crew Member applicants must be a full-time high school student between the ages of 16-18 as of July 1 of the current year. 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. her portrayal of the character was not approved marketplace, Starbucks has an opportunity to lead by example. Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? Blooms: Apply It is in a business's best interest to promote human flourishing within the organization by providing ________. AACSB: Reflection, Difficulty: Difficult Blooms: Apply service, for example. coffee and tea growers. and China, for example, by adapting to local cultural norms. Defectives16149111581216171315109121411871215916131110\begin{aligned} Blooms: Remember c. business should behave ethically, being responsible to all stakeholders d. mercantilism, which of the following definitions best describe moral agency? (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. 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. 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. All stakeholders must be treated the same. __ A program where students work on campus to earn money. represents ethical stakeholder theory. and avoiding bias. Select a product or service that will be sustainable. Having theoretical approaches to stakeholders highlights Starbucks is opening small cafes half the size of existing cafes. d. embraces freedom and a sense of divinity, the advantage of justice theory over other ethical systems is its Which insurance covers the damage to the fire hydrant? Describe Kant's "Deontology" view of ethics. 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. (Select all that apply. For example, some Starbucks employees have joined labor unions and become involved with lawsuits against the firm over such issues as back pay, withheld wages, wrongful termination, and union-busting activities that included retaliation against employees that were involved in union-related activities (Phillips, 2003). Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. c. Samsung assumed the risk of exposure and picked up the washers Blooms: Remember They have clearly defined symbolic speech and what type of symbolic speech is protected. What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? a. community Misunderstanding and lack of communication tend to happen even more. (Select all that apply. (a) What is Friar Lawrence's plan for Juliet? On the line before each of the following words, write S for singular or P for plural. B. her portrayal of the character was not approved I say this because with many different opinions being thrown in the air, being on the same boat is not the easiest thing. D. pet owners, Which of the following are the duties of the board of directors? Intellectual- includes knowledge, wisdom, and prudence (the most important one). the belief that business is not culturally neutral. b. the challenges of outsourcing production to lower cost and increase profits AACSB: Analytical. b. Samsung's warned customers that the machines could tip over If you feel harassed, prejudiced against, or disadvantaged in your workplace, you may file a complaint with the ________. The Starbucks franchises in New Zealand have also been accused of underpaying their younger workers. stakeholder needs. b. the Dutch and Native American trade Competitors are one of the most significant external stakeholders of Starbucks. Academy of Management Review, 22(4), 853886. Stakeholder ethics involves a body of thought which insists that the ethical responsibilities of corporations extend not only to the shareholders but also to the full range of interests that are impacted by corporate activity. 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. Henry Ford must operate Ford Motor Company primarily to maximize profit for its shareholders.