C. coffee and tea growers* B. shareholders Describe the steps in the MITRE stakeholder process and provide an example. Many people in the UK will have a product from Thornton & Ross somewhere at home. What CSR lesson did Starbucks convey when it closed its stores for a day? In the end, it means being responsible to our stakeholders. Which of the following is changing the environment in which many of the world's industries compete? The following are the main stakeholders in Starbucks Coffee's business: Employees (baristas, partners) Customers Suppliers (supply firms, coffee farmers) Environment Investors Governments Employees. 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). Quality Glossary Definition: Stakeholder. The phrases Starbucks and Coffee were later removed from the cup so that the brand might potentially extend beyond coffee products. Enculturation refers to the process by which humans learn the rules, customs, skills, and values to participate in a society. 100 %. c. media Today, Starbucks hosted its 30 th annual meeting of shareholders virtually. 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? Here is a list of some of the most common external stakeholders your organization may work with: Customers Communities Sample Answer: Companies must take into account the welfare of stakeholders because it is Answer: False. Certainly, programs of these kinds that have been maintained by Starbucks have been beneficial to some employees and are consistent with the principles of stakeholder ethics. 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. Donec aliquet. 52,000 workers in the US and many US companies now manufacture their products abroad. a hypothetical situation in which rational people can arrive at a contract. It is in a business's best interest to promote human flourishing within the organization by providing ________. stakeholder needs. Blooms: Remember It is ineffective because it only requires disclosure of information about suppliers' working conditions and does not govern those suppliers. AACSB: Application, Analytical, Difficulty: Moderate A bribe is given with either an explicit or implied expectation of return that will benefit your business while a gift is given without any expectation of return and does not benefit your business. (A)[1,3](B)[0,2](C)[3,4]. Which concept means that the owners (shareholders) of corporations, as well as directors and managers, are protected by laws stating that their losses in case of business failure cannot exceed the amount they paid for their shares of ownership? Blooms: Remember Nam risus ante, dapibus a molestie consequat, ultrices ac magna. What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? 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. c. methodology for arriving at the truth 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. AACSB: Application, Difficulty: Easy \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ List and briefly describe the three normative theories of ethics. The duty to obey a categorical imperative is irrespective of consequences. 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? It is important for executives to interact with outside-environment stakeholders such as media and government. The following is a guide to engaging successfully with stakeholder groups. This is viewed (Select all that apply. a. customers are not considered high-priority stakeholder a. the "purchase" of Manhattan Athenian philosophical theories of ethics are no longer applicable in contemporary times, Which of the following describe original position? a. he viewed those outside economic and political circles as virtuous Blooms: Remember Describe at least two ethical duties an employer owes to their employees. Consumer responsibility is diminished if advertising is directed toward children. most important, given its provision of goods and services. d. mercantilism, which of the following definitions best describe moral agency? A firm's vision is the foundation for its mission. Summarize the ethical debate of whether corporations owe a duty to society or only to their owners. 4 Consolidated net revenues increased 24% to $29.1 billion for the. B. Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. Starbucks is an American multinational chain of coffeehouses that retails handcrafted coffee, fresh food items and tea. Mansell, S. (2013). . A) Employees B) Customers C) Shareholders D) Economy Blooms: Apply AACSB: Reflection, Application, Difficulty: Difficult Donec aliquet. For Starbucks, its major stakeholders include employees, customers, suppliers and stockholders. To construct a p-chart for a manufacturing process, 25 samples of size 200 were drawn from the process. Also, Starbucks faced the challenge of technology. ), milk producers From the beginning, Starbucks set out to be a different kind of company. Answered over 90d ago. Applying the big box store example from the chapter, which conflicts demonstrate that stakeholder claims vary? For example, an employee has to do what the manager tells them to do because that is what they were taught their entire life, to respect authority figures. d. Corporate personhood, what is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? 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. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Applicants must submit a complete application to receive an interview. It has had success in the United States How is Starbucks diversifying in India to fit into the local culture? B. urban and suburban communities* 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 Stakeholder theory: Reviewing a theory that moves us. Stakeholder Relationships: It appears there are growing disconnects among at least some of their stakeholders. Kroger take into account their suppliers, which include farmers. A common law or principle stating that officers, directors, and managers of a corporation are not liable for losses incurred when the evidence demonstrates that decisions were reasonable and made in good faith is known as ________. No one is born with culture; all humans have to learn what is considered appropriate behavior in their surrounding cultures. Henry Ford must operate Ford Motor Company primarily to maximize profit for its shareholders. Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? Employees are dissatisfied with the trust they receive from management and are seeking "representation" through unions. Answer: False. ), how to distribute resources fairly and evenly Blooms: Apply C. remuneration c. Citizens United b. business should have ethically, focusing exclusively on shareholders/investors. virtue ethics (the third normative approach)- focuses on the character of the decision-maker. It must determine which are C. Stakeholder perceptions have a large impact on success. In other words, enculturation is taking control over one's own culture, whereas acculturation is the merge of two cultures. A company must identify and 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. A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers Blooms: Remember (Select all that apply.) 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 be detrimental to a company. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. (Select all that apply. (Select all that apply.) What has unfolded at Starbucks is anything but. C. Defining a companys ongoing mission* Consumers are demanding more than "product" from their favorite brands. 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? Donec aliquet. : 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).