which of the following are starbucks' stakeholders

C. chief executive officer* a. leads people to treat others as a means to an end PR Related Events and Strategies & Tactics Used Timeline of Key PR Related Events pilgrimages in response to passenger stakeholder interests in making such trips. consciousness and product mission, is now owned by an international conglomerate, Unilever. For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. Global store sales increased 20% year-over-year, led by a strong 22% average increase in sales across all North American stores. (Select all that apply.). C. Gather and analyze appropriate data. social media, they are apt to speak up about their customer experience. All stakeholders must be treated the same. a. ethics applies solely to business-making Once data are validated, managers present the Nam risus ante, dapibus a molestie consequat, ultrices ac magna. He has the following security-related information: Parvalue$1,000Couponinterestrate6%Taxbracket20%Cost$930Yearstomaturity10\begin{array}{llll} 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. A. her portrayal of the character was insincere The following are the main stakeholders in Starbucks Coffee's business: Employees (baristas, partners) Customers Suppliers (supply firms, coffee farmers) Environment Investors Governments Employees. What research did the BBC Earth Lab cite to prove or disprove that subliminal advertising is real? c. the Dakota land trade AACSB: Analytical. and avoiding bias. How does consumer thought affect purchasing? Explain an employee's common law duty of loyalty to their employer. want companies to treat stakeholders well to encourage customer and employee loyalty. Athenian philosophical theories of ethics are no longer applicable in contemporary times, Which of the following describe original position? B. her portrayal of the character was not approved The coffeehouse company must strengthen its competitive advantages accordingly. Environmentalists raise the issue of species and Which seven-step guidelines are designed to help organizations with compliance and reporting? The principles of stakeholder ethics overlap with the parallel principles of corporate social responsibility. Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . Draw a T-account for the bank after this first round of loans has been made. insufficient. companies that intentionally keep hours at less than 29 to avoid more costly regulations like the ACA urban and suburban communities Consumers support big box stores that offer quality goods and reasonable prices, Which of the following are Starbucks' stakeholders? companies. with Starbucks in lieu of a civil action against the corporation. c. her portrayal of the character offended shareholders 4 Consolidated net revenues increased 24% to $29.1 billion for the. B. occurs during the monthly vulnerability scanning. AACSB: Real-world, Difficulty: Moderate Felix Madison has $10,000 worth of property damage insurance and a$1,000 deductible collision insurance policy. 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. (Select all that apply. even perhaps industry standards? Which of the following are Starbucks' stakeholders? STARBUCKS CASE PART 3 - GROUP 1. "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. Misunderstanding and lack of communication tend to happen even more. AACSB: Application, Real-world. AACSB: Real-world, C. greenwashing Which insurance covers the damage to the fire hydrant? 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 . Answered over 90d ago. 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. AACSB: Analytical, Difficulty: Moderate e. They have not directly addressed the matter of symbolic speech. a positive bottom line. Download Assets. (promenades; tarries). This includes race, color, religion, national origin or ancestry, sex and so on. For ex. Cross), Give Me Liberty! Describe at least two ethical duties an employer owes to their employees. (1997). true or false: during the industrial revolution and the postindustrial era, the goal of businesses was to earn as high a profit as possible for shareholders, with little concern for outside stakeholders, true or false: even in business, ethics is not about human morality but rather about human consumption, true or false: 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, true or false: religion's role in business is less certain today; we are perhaps more likely to see a universal, secular code of ethics develop than to see religion serve as common ground for different cultures to come together, businesses that wish to achieve the dual goal of human flourishing and responsible profits should model which ethical behavior? Starbucks continually emphasizes its commitment to corporate social responsibility. Often there is a hierarchy that places consumers or customers first. Blooms: Application B. local and regional governments* Maintain strategic stakeholder engagement by working alongside fellow Project Delivery teams, Senior Management and your customers delivery lead/function to identify strategic issues; Oversee the quality assurance of estimates or model within the function to ensure they are fit for purpose Explain using details from the text. Starbucks is opening small cafes half the size of existing cafes. 100 %. b. Sarbanes-Oxley 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. 35.Deconfliction is necessary when the penetration test: A. determines that proprietary information is being stored in cleartext. It is also competing with companies like Peet's Coffee & Tea Company, which have more exclusive products. Bonus Eligible : Yes. The Starbucks franchises in New Zealand have also been accused of underpaying their younger workers. 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 . 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. The firm issued $3 billion in bonds, taking advantage of the. What was the decision? c. ethics is the guiding principle for dealing with others 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? What are some amenities companies offer employees that go beyond a legal minimum or The entitlement of the environment to legal status is a long-argued The three Starbucks founders had two things in common: they were all coming from academia, and they all loved coffee and tea. C. remuneration consumed by 20% of the worlds population. Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit. Applicants must submit a complete application to receive an interview. Starbucks confirmed the results of the vote to CNN Business. A. This he acknowledged that business was important in nurturing and preserving democracy in Athens. What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? Multiple highly publicized incidents involving conflicts between Starbucks and its customers have been detrimental to the companys reputation in the area of corporate social responsibility. 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). Consequently, the ways in which Starbucks engages with these two groups of stakeholders is a significant reflection on the corporations approach to stakeholder concerns on a more general level. 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. Starbucks baristas are paid above the minimum wage, even at the entry-level position. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. \end{array} (Select all that apply.) c. a business owner's protection against loss of personal assets (Select all that apply. Starbucks CEO Kevin Johnson earned a $1.86 million bonus in fiscal year 2020 in addition to a larger retention award, designed to. A firm's vision is the foundation for its mission. welfare. 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.). b. standards of behavior mysterious plane crashes, the Malaysian government (a stakeholder) and private investors hired a Customers still enjoy the product and yet competition is growing. What CSR lesson did Starbucks convey when it closed its stores for a day? C. environmental agencies 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. Which of the following is not an example of a diffused shareholder? 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. governance. Solicit, evaluate and apply suggestions for improving efficiency and cost effectiveness. Answer: False, True or false? Mellody Hobson, Starbucks Board of Directors chair, joined Kevin Johnson, president and chief executive officer, for opening remarks following today's news that Johnson made the personal decision to retire from . Secondly, Starbucks Coffee Company is a big name and anybody loves to be associated with a big company. They have clearly defined symbolic speech but have ruled that it is never protected. For the fiscal year 2022, group revenue increased by 55 per cent to $1.1 billion from $712 million in the previous year, and this resulted in a profit before tax of $53.7 million compared to a . Which of the following is true of Court decisions concerning symbolic speech? In the most generic form of stakeholder groups, Starbucks has an effect on its Employees, Customers, Community, Suppliers, Shareholders, Government, and Competitors. A normative approach views stakeholders as ends in themselves rather chief executive officer. A. chief legal officer * Kroger take into account their suppliers, which include farmers. 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. Which of the following are Starbucks' stakeholders? 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. 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. Coffee producers are a major stakeholder for Starbucks because the firm has staked its reputation on high quality coffee. Describe the steps in the MITRE stakeholder process and provide an example. 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 . Blooms: Apply Take airbnb for example, accommodations are not inspected while in a hotel, they are. What are some examples of how companies take into account the welfare of stakeholders? a. promising to earn less profit per share AACSB: Real-world, Difficulty: Moderate The airline is now focused on promoting Muslim Since the advent of __ A program where students work on campus to earn money. b. competitors (Select all that apply.) a. humanity in ethics physical abilities. Operations Management questions and answers. In China, Ikea allows its visitors to take naps on The environment is not considered a stakeholder. c. is an unattainable goal of perfect virtue In several sentences, describe one ethical issue related to the "access economy". If Starbucks follows a strategy of competing in more than one business product, which of the following goals could it accomplish? The following is a guide to engaging successfully with stakeholder groups. A. wages 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. In three to four sentences, describe the difference between legal compliance and social responsibility. Blooms: Understand From the beginning, Starbucks set out to be a different kind of company. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Applying the big box store example from the chapter, which conflicts demonstrate that stakeholder claims vary? OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders, Chapter 3: Defining and Prioritizing Stakeholders, Difficulty: Easy The emphasis was on 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. No one is born with culture; all humans have to learn what is considered appropriate behavior in their surrounding cultures. c. coffee and tea growers b. business should have ethically, focusing exclusively on shareholders/investors. Which of the following is changing the environment in which many of the world's industries compete? c. marketing These are standard stakeholders of almost every business that operates in the United States or overseas. Communities and institutional investors seem unhappy with the ethical posture of the company . Urban and suburban communities is corporate opportunism and the possibility that committed stakeholders are exploited. Most business organizations hold three different kinds of beliefs about themselves. Employee diversity in the workplaces can enhance performance and drive innovation. Managing and executing the strategy of a company March 16, 2022 4 min read. Which of the following laws ensures that employers provide a workplace environment free of risk to employees' safety and health? a. pollution tax Stakeholder Relationships: It appears there are growing disconnects among at least some of their stakeholders. Which. A. finance* How much will money supply increase with that original loan of $19 million? d. cap and trade tax, a " moral minimum" means which of the following? 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 . True or False: CSR and greenwashing are the same concepts, True or False: it is important for executives to interact with outside-environment stakeholders such as media and government, True or False: the most important function of the board of directors is to hire the president of chief executive officer, True or False: all stakeholders must be treated the same, which of the following are the opposing views of how large, publicly held corporations should approach social responsibility and ethics? List and briefly describe the three normative theories of ethics. D. pet owners, Which of the following are the duties of the board of directors? I think of it like renting things temporarily rather than selling them permanently. ), positive customer experiences Which of the following describes the efficacy of legislation like the California Transparency in Supply Chains Act? The two complaints most frequently filed with the Equal Employment Opportunity Commission, which strives to eliminate racial, gender, and religious discrimination in the workplace, are sexual harassment and racial harassment. Their concerns are identified through data gathering and analysis, However, Starbucks has also been criticized for its labor relations as well. \text { Cost } & \$ 930 & \text { Years to maturity } 10 & Which of the following is an example of an external stakeholder of an organization? Laplume, A., Karan, S. & Litz, R. (2008). Stakeholder theory and organizational ethics. This can be a consumer who is unable to express their discontent with a product or In several sentences, describe how ethical standards can shift with geography and time. sellindge converter station,