beds, which is acceptable in that culture. ), positive customer experiences 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. ), Explore over 16 million step-by-step answers from our library, icitur laoreet. 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. d. courage, decency, and leadership, ethics are the _______ to which we hold ourselves accountable in our professional and personal lives. nature as stakeholders. Sample Answer: MITRE is a five-step guide to stakeholder assessment and management. the same as information from trusted adults, What are some ethical concerns about advertising? Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? \end{array} For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. Many baristas have eventually become managers and worked their way up into higher positions within management (Mitchell, Agle, & Wood, 1997). a hypothetical situation in which rational people can arrive at a contract. (Starbucks does not follow the traditional franchising terms.) 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. via the notion of what constitutes necessity as opposed to luxury. celebrated coffee and the rich tradition, but that also brought a feeling of connection. B. shareholders C. chief executive officer* No one is born with culture; all humans have to learn what is considered appropriate behavior in their surrounding cultures. What has unfolded at Starbucks is anything but. B. her portrayal of the character was not approved When expanded it provides a list of search options that will switch the search inputs to match the current selection. Enacted in 1966, which of the following laws is the most important U.S. law forbidding cruelty to animals in laboratory settings? 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 . The main difference between a bribe and a gift is intent. Capitalism, corporations and the social contract: A critique of stakeholder theory. Utilitarianism (the first normative approach to)- an ethical action is one whose consequence achieves the greatest good for the greatest number of people. a. business should behave ethically, focusing only on environmentalism 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? Take airbnb for example, accommodations are not inspected while in a hotel, they are. True or false? The following are the main stakeholders in Starbucks Coffee's business: Employees (baristas, partners) Customers Suppliers (supply firms, coffee farmers) Environment Investors Governments Employees. Since the advent of Fu, itur laoreet. c. is an unattainable goal of perfect virtue d. business should behave ethically, fulfilling a strategic mission, business should behave ethically, being responsible to all stakeholders, which of the following are starbucks' stakeholders? The normative approach most appropriately is corporate opportunism and the possibility that committed stakeholders are exploited. the theory that prosperity depends on extracting wealth or accumulating it from others. Starbucks CEO Kevin Johnson earned a $1.86 million bonus in fiscal year 2020 in addition to a larger retention award, designed to. (b) Analyze: Why do you think Juliet trusts the Friar? Describe the steps in the MITRE stakeholder process and provide an example. Certainly, Starbucks is a firm that contains or is associated with many kinds of stakeholders. results to decision makers in management. Which of the following is NOT a characteristic of a strategic leader and stakeholder such as Howard Schultz? Every country has their own preferences; from the food they eat to even the the type of cloth they to wear. c. methodology for arriving at the truth D. Present information to the board of directors. 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. Answer: True, True or false? c. a business owner's protection against loss of personal assets a. her portrayal of the character was insincere most important, given its provision of goods and services. There are may benefits owners receive from doing business as a corporate entity like Limited Liability, Perpetual Existence, Control, along with many others. Sample Answer: Greenwashing is the view that companies are acting superficially or are Difficulty: Difficult a. Humongous Bank decides on a policy of holding 100% reserves. f(x)=x48x2+16, (A)[1,3](B)[0,2](C)[3,4](A)\ [-1,3]\qquad (B)\ [0,2]\qquad (C)\ [-3,4] AACSB: Application. This includes Mexico, which has a Coca-Cola plant B. amenities* It is ineffective because it only requires disclosure of information about suppliers' working conditions and does not govern those suppliers. The number of defectives in each sample is listed in time order in the table that follows. 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). How does a corporation prioritize stakeholder claims? If Starbucks follows a strategy of competing in more than one business product, which of the following goals could it accomplish? a. humanity in ethics His expertise also extends to areas such as leadership, corporate responsibility and business strategy. What was the decision? AACSB: Application, Difficulty: Difficult We are one of the UK's fastest-growing, leading producers of household pharmaceutical products, and own some of the country's most loved brands such asCovonia,Hedrin,Cetrabenas . Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. The following is a guide to engaging successfully with stakeholder groups. It essence of Stouts view is concern that shareholders may want to maximize their investment at Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding How has Starbucks used technology to improve its products? influence suppliers working conditions. 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? inauthentic in carrying out corporate social responsibility when the company already has 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). Which of the following is not a belief that businesses hold? As for ethical duties, they are standards based on human principles of right from wrong. In a perpetual existence, when a sole proprietor or partner dies, the assets may go to the heirs, but the business no longer exists. Enculturation and acculturation seem very alike but when paying close attention, the differences start to pop out. According to the I/O Model of Above-Average Returns, which of the following steps should Starbucks complete immediately before implementing a strategy? f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 What research did the BBC Earth Lab cite to prove or disprove that subliminal advertising is real? Misunderstanding and lack of communication tend to happen even more. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. b. ethics is about what someone does Employee diversity in the workplaces can enhance performance and drive innovation. Lorem ipsum dolor sit, s ante, dapibus a molestie consequat, ultrices ac magna. Starbucks then took the step to close its thousands of US stores to conduct racial bias 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". Berrett-Koehler Publishers. The California Transparency in c. coffee and tea growers Answer: False. AACSB: Reflection, Application, Difficulty: Difficult b. Humongous Bank is required to hold 5% of its existing$20 million as reserves, and to loan out the rest. Some ads exaggerate or distort what goods or services deliver. Which of the following is not an example of a diffused shareholder? A. wages AACSB: Application, Real-world, Difficulty: Moderate Additionally, the company maintains a range of opportunities for internal promotion. (Select all that apply. Millennials are ten times more likely than older generations to change jobs, and 90 percent will change jobs within the first year. One that not only. Which of the following are Starbucks' stakeholders? Also, it is crucial that the company inform (review sheet 4), Leadership class , week 3 executive summary, I am doing my essay on the Ted Talk titaled How One Photo Captured a Humanitie Crisis https, School-Plan - School Plan of San Juan Integrated School, SEC-502-RS-Dispositions Self-Assessment Survey T3 (1), Techniques DE Separation ET Analyse EN Biochimi 1, Human Resource And Fiscal Mgmt (ADMS 640), Which of the following are Starbucks stakeholders? systemic ethics problems. Speaking at the annual shareholders meeting in . Having theoretical approaches to stakeholders highlights Explain an employee's common law duty of loyalty to their employer. Nam lacinia pulvinar tortor nec facilisis. 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. Managing and executing the strategy of a company companies. 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). C. Defining a companys ongoing mission* which are the universal principles of behavior? d. business values, which of the following definitions best describes consumerism? Blooms: Remember \text { Cost } & \$ 930 & \text { Years to maturity } 10 & b. applying U.S. law regarding child labor globally a positive bottom line. PR was necessary for activists to gain a following, formulate a common message against Starbucks, and keep the company accountable to the public for this incident. AACSB: Application, Difficulty: Easy Explain how owners benefit from doing business as a corporate entity. Which is the best example of a novelty craze? Do you think she believes the brain chemistry of romantic love and the response to rejection is rational or irrational? stakeholders. Today, it is a global roaster and retailer of coffee with more than 24,000 stores, 40% of which are in some 70 countries worldwide. Starbucks continually emphasizes its commitment to corporate social responsibility. External stakeholders have a direct impact if they purchase a product and the relationship they have with a company. Each employee prides in working in an organization that acknowledges his efforts. stakeholder needs. 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 This button displays the currently selected search type. c. environmental tax c. conscientiousness, honor, and accountability 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. Blooms: Understand Summary. Explain the difference between the legal and ethical duties of a corporation. Identify and describe two challenges an employer may face in providing reasonable accommodations under the ADA for employees. March 16, 2022 4 min read. AACSB: Application, Ethics, Difficulty: Moderate According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? (a) What is Friar Lawrence's plan for Juliet? Difficulty: Difficult consumed by 20% of the worlds population. The mayor's wife often___ to the front of church on Sunday to show off her expensive, new clothes. A normative approach views stakeholders as ends in themselves rather Blooms: Apply c. the freedom and ability to make choices based on one's perception of right and wrong OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders, Chapter 3: Defining and Prioritizing Stakeholders, Difficulty: Easy What constitutes a reasonable profit may be unfair. On one hand, Starbucks is frequently praised as a company that is committed to corporate social responsibility and stakeholder ethics when it comes to labor relations (Miles, 2012). Explain how Ikea has had to adapt its business model in different countries. Blooms: Apply Sample Answer: A company needs to be aware of its stakeholders. Draw a T-account for the bank after this first round of loans has been made. Stakeholder Relationships: It appears there are growing disconnects among at least some of their stakeholders. Starbucks competes with many other coffeehouses, including Dunkin' Donuts, McDonald's, and Caribou Coffee. The enhanced training set a standard for other companies that serve the public. b. her portrayal of the character was not approved The duty to obey a categorical imperative is irrespective of consequences. Draw a T-account for the bank. 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. (Select all that apply. b. the Dutch and Native American trade companies that intentionally keep hours at less than 29 to avoid more costly regulations like the ACA Donec aliquet. Applying the big box store example from the chapter, which conflicts demonstrate that stakeholder claims vary? Environmentalists raise the issue of species and Which of the following entrepreneurs is known for having an easygoing personality? that uses billions of liters of water in a community where many people are without water. pilgrimages in response to passenger stakeholder interests in making such trips. Mitchell, R. K., Agle, B. R. & Wood, D. J. Urban and suburban communities 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. A. industry norms* Which of the following definitions best describes mercantilism? 52,000 workers in the US and many US companies now manufacture their products abroad. A. her portrayal of the character was insincere They have clearly defined symbolic speech and what type of symbolic speech is protected. business and sustainability strategies. MANGMT 4970 EXAM 1 (QUIZ QUESTIONS & CONCEPTS), Allen Cognitive Levels (ACL) & Allen Diagnost, CompTia A+ 220-1001 Core 1 Certification Prac, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Service Management: Operations, Strategy, and Information Technology, Information Technology Project Management: Providing Measurable Organizational Value. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Answer: False. b. means supporting dogmatic rationality Athenian philosophical theories of ethics are no longer applicable in contemporary times, Which of the following describe original position? There are also organizations. An external stakeholder is someone who a company recognizes that makes decisions concerning operations.
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