which of the following are starbucks' stakeholders which of the following are starbucks' stakeholders

Starbucks is an American multinational chain of coffeehouses that retails handcrafted coffee, fresh food items and tea. 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). A. For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. Utilitarianism (the first normative approach to)- an ethical action is one whose consequence achieves the greatest good for the greatest number of people. Which seven-step guidelines are designed to help organizations with compliance and reporting? (Select all that apply.) b. the challenges of outsourcing production to lower cost and increase profits This includes Mexico, which has a Coca-Cola plant In 1981, Howard Schultz (Starbucks chairman and chief executive officer) had first walked into a Starbucks . Observing the company's liquidity, Starbucks has around $2.6 billion in cash and short-term borrowing facilities of $3.5 billion. reidentify stakeholders. Community members may view big box stores as a threat to small businesses' livelihood. B. amenities* Starbucks is opening small cafes half the size of existing cafes. c. coffee and tea growers (Starbucks does not follow the traditional franchising terms.) (Select all that apply.) b. ethics is about what someone does c. media A normative approach views stakeholders as ends in themselves rather Some prioritization is particular to ), positive customer experiences 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? Pellentesque dapibus efficitur laoreet. AACSB: Application, Real-world. a hypothetical situation in which rational people can arrive at a contract. Quality Glossary Definition: Stakeholder. Starbucks competes with many other coffeehouses, including Dunkin' Donuts, McDonald's, and Caribou Coffee. Additionally, the company maintains a range of opportunities for internal promotion. represents ethical stakeholder theory. true or false: 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. Therefore, some employees work for Starbucks to gain that status. 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. a business owner's protection against loss of personal assets c. the freedom and ability to make choices based on one's perception of right and wrong 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. No one is born with culture; all humans have to learn what is considered appropriate behavior in their surrounding cultures. From the beginning, Starbucks set out to be a different kind of company. &\text { Defectives }\\ b. globalization However, Starbucks has also been criticized for its labor relations as well. premise by lawyers and legal-aid groups. 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. with Starbucks in lieu of a civil action against the corporation. Solicit, evaluate and apply suggestions for improving efficiency and cost effectiveness. 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. A firm's vision is the foundation for its mission. C. coffee and tea growers* Starbucks' primary business is running a quick service restaurant chain with a coffeeshop model. Answered over 90d ago. Coffee producers are a major stakeholder for Starbucks because the firm has staked its reputation on high quality coffee. a. high-level manners Donec aliquet. For that law, companies are. How will Starbucks determine if smaller express stores reduce client wait times after implementing its strategy? which are the universal principles of behavior? 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 the best answer. d. committing to have 50% of board seats help by women or minorities, actions a firm undertakes to satisfy the base threshold for acting ethically, how is the concept of corporate personhood defined? b. standards of behavior 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? Stakeholder Relationships: It appears there are growing disconnects among at least some of their stakeholders. Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? \end{array} One big issue access economy has is lack of regulations, especially when it comes to overseeing the products and services exchanged during the transaction. B. shareholders uproar. a. pollution tax Partners with stakeholders and business hiring managers to ensure that the project has the skillsets and resources required for delivery. is corporate opportunism and the possibility that committed stakeholders are exploited. a. Humongous Bank decides on a policy of holding 100% reserves. Which of the following are Starbucks' stakeholders? Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit. 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. Has opportunity to lead a team. c. utmost conduct (Select all that apply.). Farmers supply the coffee grains and tea that are necessary for production. C. legal compliance* c. Citizens United About Starbucks, the main challenges related to economic, social, and technological factors. Which of the following statements does not depict deontology? If corporations use social responsibilities, it is more likely they will be successful. Those men later settled The environment is not considered a stakeholder. b. set of cultural norms How can you explain the range of mixed economies in the world? All Rights Reserved. Blooms: Understand 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. B. Sample Answer: Greenwashing is the view that companies are acting superficially or are AACSB: Ethics, Application, Difficulty: Moderate 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. Why does a Kantian view typically not govern most management decisions? Operations Management questions and answers. C. environmental agencies a. the "purchase" of Manhattan D. Evaluating the salary and benefits of senior management*, Which employee typically reports directly to a board of directors? Blooms: Remember The company has many stakeholders the following are considered the main stakeholders, employees, customers, suppliers and investors. It must determine which are 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. d. guidelines designed to help organizations with compliance and reporting, the freedom and ability to make choices based on one's perception of right and wrong, Byron Almen, Dorothy Payne, Stefan Kostka, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses. Furthermore, there is What are some amenities companies offer employees that go beyond a legal minimum or e. They have not directly addressed the matter of symbolic speech. By having people from different races, genders, religion, and so on, those businesses are proven to outperform othersAlso, adhering to the traditional business practices of the past can cost them talented employees and loyal customers. D. dining/food service, Which of the following are stakeholders? Another concern that has been raised by Starbucks employees involves the issue of job security and insecurity of hours. making sure the stores employees and the company policies were sensitive toward identifying They need to develop sustainable sources of quality beans. 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. AACSB: Real-world, Difficulty: Moderate b. code of ethics b. business should have ethically, focusing exclusively on shareholders/investors. In some Lorem ipsum dolor sit, s ante, dapibus a molestie consequat, ultrices ac magna. Phillips, R. (2003). d. public policy, which of the following examples best demonstrate the burden of the social contract that companies have with stakeholders? C. remuneration In the United States, Ikea displays The number of defectives in each sample is listed in time order in the table that follows. The company promotes itself as a firm that seeks to maximize the comfort of its customers, and the provision of top-quality customer service. have? Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Draw a T-account for the bank after this first round of loans has been made. c. Samsung assumed the risk of exposure and picked up the washers b. courage, honor, and loyalty Fortunately, I know people that focus on the profit as well as everyone and everything around them and are doing perfectly fine. c. conscientiousness, honor, and accountability In what ways do customers express their views about trust of company goods and services? The entitlement of the environment to legal status is a long-argued Which of the following are factors included when applying a legal definition of diversity? 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 b. Humongous Bank is required to hold 5% of its existing$20 million as reserves, and to loan out the rest. Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). After b. ethical principles that apply everywhere despite differences in time, geography and culture For ex. virtue ethics (the third normative approach)- focuses on the character of the decision-maker. Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . Many people in the UK will have a product from Thornton & Ross somewhere at home. Pay Range : $123,600- $193,200/ annually. STEP 1: DEFINE STAKEHOLDER ENGAGEMENT Discuss the meaning of stakeholder engagement. (A)[1,3](B)[0,2](C)[3,4]. Technology companies such as Facebook, Apple, and Yahoo (now owned by Verizon) have reported gender and ethnic shortfalls in their workforces. Blooms: Apply B. occurs during the monthly vulnerability scanning. In the Supreme Court ruling Citizens United v. Federal Election Commission, which Amendment was at the center of the case?