which of the following are starbucks' stakeholders

Today, Starbucks hosted its 30 th annual meeting of shareholders virtually. AACSB: Ethics, Difficulty: Easy Journal of Business Ethics, 108(3), 285298. 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). c. media (1997). Sample Answer: Companies must take into account the welfare of stakeholders because it is which are the universal principles of behavior? (Select all that apply.). Which of the following is considered the most important internal stakeholder of a corporation? Nam risus ante, dapibus a molestie consequat, ultrices ac magna. B. urban and suburban communities* b. code of ethics a. the "purchase" of Manhattan Job Summary and Mission. 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. Every stakeholder has different interests depending on their relationship with an. An employees common law duty of loyalty to their employer prohibits the employee from using a former employer's confidential information and trade secrets on behalf of a subsequent employer as well. According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? Mental Health Specialist, Starbucks Outreach (JR 2860) 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. Which of the following is the lesson learned from the Edsel story? 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. (b) Analyze: Why do you think Juliet trusts the Friar? 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? Also, the manager of a company's ethical duty is to hire people that seems best for the job and not based on the color of their skin. Blooms: Apply c. the Dakota land trade Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers; Difficulty: Easy Blooms: Understand AACSB: Ethics. 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. Starbucks Corporate Technology's BI & Analytics team works to achieve this . 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. Blooms: Evaluate : 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). the cost of stakeholders. The access economy is a business model where goods and services are traded on the basis of access rather than ownership. AACSB: Application, Difficulty: Easy a hypothetical situation in which rational people can arrive at a contract. Having theoretical approaches to stakeholders highlights D. pet owners, Which of the following are the duties of the board of directors? 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. 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. Henry Ford must operate Ford Motor Company primarily to maximize profit for its shareholders. Explain an employee's common law duty of loyalty to their employer. C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make UmweltWirtschaftsForum, 21(1), 59. 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). Mitchell, R. K., Agle, B. R. & Wood, D. J. What has unfolded at Starbucks is anything but. This is a lofty goal, especially given Coke products are Labor union membership remains much higher in Europe and other Group of Seven countries than in the United States, in part because some of those countries allow managers to be members of the union. Sample Answer: A company needs to be aware of its stakeholders. stakeholder needs. Who Are Stakeholders In A Business? | Indeed.com gender (A)[1,3](B)[0,2](C)[3,4]. (Select all that apply. Managing and executing the strategy of a company, B. Supervising middle and senior management, D. Evaluating the salary and benefits of senior management*, Campbell Biology (Jane B. Reece; Lisa A. Urry; Michael L. Cain; Steven A. Wasserman; Peter V. Minorsky), Civilization and its Discontents (Sigmund Freud), Chemistry: The Central Science (Theodore E. Brown; H. Eugene H LeMay; Bruce E. Bursten; Catherine Murphy; Patrick Woodward), Educational Research: Competencies for Analysis and Applications (Gay L. R.; Mills Geoffrey E.; Airasian Peter W.), Forecasting, Time Series, and Regression (Richard T. O'Connell; Anne B. Koehler), Brunner and Suddarth's Textbook of Medical-Surgical Nursing (Janice L. Hinkle; Kerry H. Cheever), Principles of Environmental Science (William P. Cunningham; Mary Ann Cunningham), Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. Establish trust. U.S. firms and their employees are allowed to use bribery in other countries if allowed by local legal and cultural differences. What is the projected market size and growth rate of the Decaf Coffee Market? c. actions a firm undertakes to satisfy the base threshold for acting ethically (promenades; tarries). Starbucks prioritizes employees in its corporate social responsibility efforts. A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers ventana canyon golf membership fees; what ships are in port at norfolk naval base? For Starbucks, its major stakeholders include employees, customers, suppliers and stockholders. Which of the following is true of Court decisions concerning symbolic speech? c. the theory that global wealth is static and prosperity comes from wealth through extraction most important, given its provision of goods and services. even perhaps industry standards? a. the lifestyle characterized by the acquisition of goods and services Blooms: Apply Has opportunity to lead a team. welfare. Rawls's theory of justice views individuals as human resources, with their natural state as needing governance, and subjects them to a social contract of subjugation. Solved Company: Starbucks Stakeholder map and | Chegg.com c. Samsung assumed the risk of exposure and picked up the washers 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? (Select all that apply. Today, with over 32,000 stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Which of the following definitions best describes mercantilism? Find the absolute maximum and minimum, if either exists, for each function on the indicated intervals. b. Select a product or service that will be sustainable. Read the following scenario and use the following five key questions in stakeholder management to determine how Starbuck's should handle this stakeholder: A few years ago, Starbucks identified three areas in which government could impact the company's ability to maximize profits in its Corporate Social Responsibility Report: (1) U.S. Tax . Thornton & Ross hiring Export Coordinator in Linthwaite, England operations (CAFO). Speaking at the annual shareholders meeting in . 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 . (2013). Ability to create, manage and deliver Workday reports and Dashboards for different stakeholder groups; Experience of managing and support of Operational changes such as re-organisations, identifying impacts on Workday; Experienced with internal and external audits, able to demonstrate a positive improvement approach Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? Answered over 90d ago. 'Group stronger, more adaptive' - trinidadexpress.com A) Employees B) Customers C) Shareholders D) Economy Donec aliquet. Explain how Ikea has had to adapt its business model in different countries. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. the importance of companies considering the priority of such parties. Which of the following are considered intellectual virtues? B. amenities* 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. 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). 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. Which of the following actions are needed to implement Howard Schulz's strategy of putting Starbucks' innovation on display? only applies to shareholders, and it is the amount of money a shareholder could make after selling a holding in a company, True or False: the prevailing current business philosophy is that the sole purpose of business is to make money for shareholders, True or False: customer feedback on social media sites does not affect a company's prospects or status as ethical, True or False: for utilitarianism, the intent of the actors and how humanely people are treated are treated are the determining factor, True or False: individuals, in are the most basic ethical unit, True or False: virtue emphasizes the formation of character, True or False: laws and regulations set the maximum standards by which society lives out ethical norms, morality, as considered by Kant A. milk producers* According to the I/O Model of Above-Average Returns, which of the following steps should Starbucks complete immediately before implementing a strategy? 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. C. chief executive officer* Shippers. Blooms: Understand, Apply AACSB: Real-world, Difficulty: Moderate Lorem ipsum dolor sit amet, consectetur adipiscing elit. Starbucks Competitors: Top 3 Starbucks Rivals - Investopedia A normative approach views stakeholders as ends in themselves rather Each employee prides in working in an organization that acknowledges his efforts. Which of the following describes the efficacy of legislation like the California Transparency in Supply Chains Act? This includes Mexico, which has a Coca-Cola plant PDF RESPONSIBLE BUSINESS PRACTICES - Starbucks Coffee Company Donec aliquet. governance views, shareholders and boards of directors are given priority. Starbucks key stakeholders. Starbucks Stakeholder Analysis. 2022-11-17 Nam risus ante, dapibus a molestie consequat, ultrices ac magna. c. utmost conduct a. leads people to treat others as a means to an end Defectives16121414911118157812121516917161313151110109. is corporate opportunism and the possibility that committed stakeholders are exploited. Which of the following is not an example of a stakeholder? A) Political Environmentalists raise the issue of species and However, many other stakeholders can be identified such as employees, customers, partners, suppliers, creditors, media, NGOs, business support groups, wholesalers, retailers, competitors, communities, government, and the environment. Which of the following is an example of an external stakeholder of an organization? Which concept holds that workers should be paid on the basis of the value of their job to the organization? represents ethical stakeholder theory. Cross), Give Me Liberty! 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. Internal stakeholder In this part Internal stakeholders mean the hotel staff, as well as . AACSB: Application, Difficulty: Difficult Starbucks role and responsibility in advancing racial and social equity 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. In the United States, Ikea displays Blooms: Remember a. ethics applies solely to business-making Deontology is often regarded as a "here and now" philosophy. In the Supreme Court ruling Citizens United v. Federal Election Commission, which Amendment was at the center of the case? For the coffee producers, Starbucks' position with regards to their needs can have a tremendous impact on the ways in which other coffee purchasers treat them as well. Laws dictate all ethical responsibilities that a company may owe key 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. The shippers have also announced the suspension of both . Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Employees are dissatisfied with the trust they receive from management and are seeking "representation" through unions. Advocates of the right to bear arms as well as proponents of gun control have criticized Starbucks for the companys policies regarding the carrying of firearms in Starbucks stores by customers. Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). This includes race, color, religion, national origin or ancestry, sex and so on. Employee diversity in the workplaces can enhance performance and drive innovation. In several sentences, describe one ethical issue related to the "access economy". Which of the following describes the impacts that diversify Furthermore, there is Starbucks baristas are paid above the minimum wage, even at the entry-level position. It is insufficient to have a mission statement, language on a website, or b. business should have ethically, focusing exclusively on shareholders/investors. essence of Stouts view is concern that shareholders may want to maximize their investment at The three Starbucks founders had two things in common: they were all coming from academia, and they all loved coffee and tea. Thornton & Ross, part of the Stada group, are one of the UK's fastest-growing, leading producers of household pharmaceutical products & own some of the country's most loved brands such as Covonia, Hedrin, Cetraben as well as the leading disinfectant Zoflora. Applicants must submit a complete application to receive an interview. Summary Of Experience Of course companies have the responsibility to market their products with integrity because without them, the business would be no where. 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Interacts directly with business stakeholders to understand business problems and to communicate ramifications of technical options; Presents recommendations clearly and persuasively to support business stakeholder decisions; Influences and negotiates with business and technology teams across Starbucks to resolve issues Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Secondary stakeholders are media outlets, government, enviromentalist groups, and their competitors. For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. For ex. Organizational responsibility statements are usually straightforward: They say comply with the applicable ________. . McDonald's hiring Data Enablement Consultant in London, England, United The main reason for forming a corporation is to limit the liability of the owners. social media, they are apt to speak up about their customer experience. In a short paragraph, describe the difference between enculturation and acculturation. b. carbon tax Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. A. 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 . Urban and suburban communities AACSB: Application, Difficulty: Easy Additionally, Starbucks has also provided educational assistance to select employees by means of academic scholarships. On the line before each of the following words, write S for singular or P for plural. The number of defectives in each sample is listed in time order in the table that follows. Answer: True, True or false? 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. STARBUCKS CASE PART 3 - GROUP 1. C. Defining a companys ongoing mission* c. Citizens United In Richard DeGeorge's humanities model, business ethics would prepare students to do certain specific things. Solved Which of the following best explains why Starbucks | Chegg.com 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. Pay Range : $123,600- $193,200/ annually. Download Assets. We are, therefore, Sample Answer: MITRE is a five-step guide to stakeholder assessment and management. chief executive officer. Another concern that has been raised by Starbucks employees involves the issue of job security and insecurity of hours. To construct a p-chart for a manufacturing process, 25 samples of size 200 were drawn from the process. * D. Car manufacturers need to be quicker to the market. Managing and executing the strategy of a company Also, Starbucks faced the challenge of technology. D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? There are dedicated sites (Select all that apply. Technical Product Manager - API Gateway - Starbucks Coffee Sample Answer: Ikea is a multinational furniture store. Defectives16149111581216171315109121411871215916131110\begin{aligned} Journal of Management, 34(6), 11521189. Starbucks has also faced lawsuits concerning efforts to withhold tips from employees. What Are Internal And External Stakeholders In Starbucks? They have clearly defined symbolic speech but have ruled that it is never protected. Rachel Carsons 1962 book, True or false? 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. Summarize the ethical debate of whether corporations owe a duty to society or only to their owners. c. conscientiousness, honor, and accountability 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). 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 ________. Cell differentiation and specialisation - GCSE, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. Which of the following are Starbucks' stakeholders? b. Samsung's warned customers that the machines could tip over Answer: False. Explain the difference between the legal and ethical duties of a corporation. Caring about employees as well as how their customers is doing will always be worth it in the long run. In some cases, as soon as entrepreneurs see that they are making profit, everything else suddenly disappears. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Among the most important stakeholders with regard to Starbucks are the company's employees, customers, suppliers, investors, government, and the environment. Which Stakeholder Is Most Important Is Always Shown By - Bloomerang Participate in and support community . (Select all that apply. __ A program where students work on campus to earn money. a. an enumerated power listed in the constitution in the Bill of Rights A lot of business' only focus on how much profit or loss their company has when they should also take into account on how their employees are doing and on the impact their business has on the economy. Difficulty: Difficult What are Stakeholders? Stakeholder Definition | ASQ B. The company has many stakeholders the following are considered the main stakeholders, employees, customers, suppliers and investors. Which of the following is an example of an external stakeholder of an 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. How has Starbucks used technology to improve its products? Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. American men were arrested while waiting for a friend at a Starbucks. Sample Answer: Greenwashing is the view that companies are acting superficially or are Many people in the UK will have a product from Thornton & Ross somewhere at home.