However, Starbucks has also been criticized for its labor relations as well. the cost of stakeholders. a. an enumerated power listed in the constitution in the Bill of Rights c. her portrayal of the character offended shareholders ParvalueCost$1,000$930Couponinterestrate6%Yearstomaturity10Taxbracket20%. 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. Freeman, R. E. & Moutchnik, A. 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? How are Ben & Jerrys and Coca-Cola respective examples of greenwashing? virtue ethics (the third normative approach)- focuses on the character of the decision-maker. Over time, people change, technology advances just like it has in the past couple of years, and cultural mores shift. Defectives16121414911118157812121516917161313151110109. Donec aliquet. It is insufficient to have a mission statement, language on a website, or physical abilities. Answer: False, True or false? 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. A normative approach views stakeholders as ends in themselves rather List and briefly describe the three normative theories of ethics. Sample Answer: Customers are articulate about their views of a company. We will send [DOCUMENT_TITLE] to your email. If the heirs of the business owner want to continue the business in their own names, they will be considered a new business, even if they are using the assets of the old business. A. industry norms* Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? Felix Madison has $10,000 worth of property damage insurance and a$1,000 deductible collision insurance policy. &\begin{array}{ccccccccccccc} Describe Kant's "Deontology" view of ethics. Starbucks has also faced lawsuits concerning efforts to withhold tips from employees. This incident caused a global Stakeholder theory and organizational ethics. Which are some types of stakeholder relationships that a local chamber of commerce would have? Laws dictate all ethical responsibilities that a company may owe key Provide at least two examples of how employees' expectations of work have changed in modern business. Journal of Business Ethics, 108(3), 285298. d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . The firm issued $3 billion in bonds, taking advantage of the. C. coffee and tea growers* d. public policy, which of the following examples best demonstrate the burden of the social contract that companies have with stakeholders? It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. Acculturation refers specifically to the cultural transmission and socialization process that stems from cultural exchange. (Select all that apply.) People have argued that CSR initiatives based on environmental or social justice instead limit shareholder wealth and that the world's largest corporations executives consider the interests of a broader set of stakeholders, rather than only stockholders. Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. insufficient. Blooms: Remember Pay Range : $123,600- $193,200/ annually. most important, given its provision of goods and services. Summary. 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. the risk of stakeholder displeasure and critique, which could result in bad publicity for a Humongous Bank is the only bank in the economy. Course Hero is not sponsored or endorsed by any college or university. Consumer responsibility is diminished if advertising is directed toward children. Many people in the UK will have a product from Thornton & Ross somewhere at home. Which of the following statements does not depict deontology? Answered over 90d ago. Blooms: Apply Fortunately, I know people that focus on the profit as well as everyone and everything around them and are doing perfectly fine. 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. Starbucks baristas are paid above the minimum wage, even at the entry-level position. Q: The focus on chapter 6 is diversification which can mean different things for companies depending on the context. c. media Operations Management questions and answers. 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. Each employee prides in working in an organization that acknowledges his efforts. Which of the following are steps in the MITRE stakeholder process? To construct a p-chart for a manufacturing process, 25 samples of size 200 were drawn from the process. How is Starbucks diversifying in India to fit into the local culture? In the end, it means being responsible to our stakeholders. 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. Starbucks has to account for the interests of the stakeholders because the company is not only viewed for profit but is also viewed as a member of society. Blooms: Analyze Employees are one of the most important internal stakeholders of Starbucks. 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. B. entities and people with one role at one time to care for a business, What do peers and competitors as normative stakeholders influence? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Which of the following is considered the most important internal stakeholder of a corporation? with Starbucks in lieu of a civil action against the corporation. 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). 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 . Which of the following is a resource made available to employees, in addition to salary? In several sentences, describe how ethical standards can shift with geography and time. b. corporations need to maintain initial priority of stakeholders ), positive customer experiences For Starbucks, its major stakeholders include employees, customers, suppliers and stockholders. 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 (Select all that apply.) AACSB: Application. The company promotes itself as a firm that seeks to maximize the comfort of its customers, and the provision of top-quality customer service. How much will money supply increase with that original loan of $19 million? How has Starbucks used technology to improve its products? Participate in and support community . Which legislation was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities? Fu, itur laoreet. All stakeholders must be treated the same. Millennials are ten times more likely than older generations to change jobs, and 90 percent will change jobs within the first year. C. remuneration He has the following security-related information: Parvalue$1,000Couponinterestrate6%Taxbracket20%Cost$930Yearstomaturity10\begin{array}{llll} External stakeholders have a direct impact if they purchase a product and the relationship they have with a company. If those entrepreneurs have good morals, it will come natural and it will show. changes. The entitlement of the environment to legal status is a long-argued b. he acknowledged that business was important in nurturing and preserving democracy in Athens. The Urban and suburban communities D. plastic-cover manufacturers, Which are some types of stakeholder relationships that a local chamber of commerce would Identify shareholders. What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? Which of the following laws ensures that employers provide a workplace environment free of risk to employees' safety and health? f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 For ex. gender Phillips, R. (2003). Sample Answer: In May 2018, Starbucks closed its stores after an incident in which two African c. a business owner's protection against loss of personal assets AACSB: Application, Difficulty: Easy A trade secret is a form of intellectual property protection and is easier to a. he viewed those outside economic and political circles as virtuous AACSB: Ethics, Application. c. conscientiousness, honor, and accountability In a perpetual existence, when a sole proprietor or partner dies, the assets may go to the heirs, but the business no longer exists. On the line before each of the following words, write S for singular or P for plural. C. her portrayal of the character offended shareholders Additionally, the company maintains a range of opportunities for internal promotion. They D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? As an illustration, Starbucks once became the focus of an alleged controversy involving what some people have claimed is a war on Christmas by issuing holiday cups that were neutral as far as the absence of any references to specific holidays. companies. Stakeholder management and CSR: Questions and answers. Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Chapter 3: Defining and Prioritizing Stakeholde, A. minority- and women-owned small business owners*, A. a. humanity in ethics which of the following most likely contributes to a corporation's positive work atmosphere over the long term? 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. Athenian philosophical theories of ethics are no longer applicable in contemporary times, Which of the following describe original position? b. c. coffee and tea growers Which of the following is an example of an external stakeholder of an organization? ), how to distribute resources fairly and evenly Donec aliquet. Blooms: Apply new CEO with a tourism background. Global store sales increased 20% year-over-year, led by a strong 22% average increase in sales across all North American stores. a. high-level manners Which of the following are factors included when applying a legal definition of diversity? 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. 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. This button displays the currently selected search type. Its normal and keeps things interesting in my opinion. Which of the following does an entrepreneur typically need to be willing to do to start a business? Quality Glossary Definition: Stakeholder. Lorem ipsum dolor sit amet, consectetur adipiscing elit. D. Present information to the board of directors. 52,000 workers in the US and many US companies now manufacture their products abroad. Develop or acquire assets and skills needed to implement the strategy. Nam risus ante, dapibus a molestie consequat, ultrices ac magna.
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