As Starbucks, we can either choose to rise to this moment or stand idle. 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. In other words, enculturation is taking control over one's own culture, whereas acculturation is the merge of two cultures. which are the universal principles of behavior? Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. (Select all that apply.). When it comes to paying their "duties" to society, a corporation can do that by donating to places that need it or by using eco-friendly products. Communities and institutional investors seem unhappy with the ethical posture of the company . Pellentesque dapibus efficitur laoreet. __ A program where students work on campus to earn money. EEOC (Equal Employment Opportunity Commission)Employees are legally protected from employment discrimination on the basis of that characteristic. Lorem ipsum dolo, ac, dictum vitae odio. Mansell, S. (2013). b. code of ethics mysterious plane crashes, the Malaysian government (a stakeholder) and private investors hired a D. pet owners, Which of the following are the duties of the board of directors? Since the advent of It has had success in the United States American men were arrested while waiting for a friend at a Starbucks. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? b. Samsung's warned customers that the machines could tip over than as a means to achieve better financial results. In the Supreme Court ruling Citizens United v. Federal Election Commission, which Amendment was at the center of the case? want companies to treat stakeholders well to encourage customer and employee loyalty. The airline is now focused on promoting Muslim Blooms: Remember c. media Blooms: Remember In three to four sentences, describe the difference between legal compliance and social responsibility. Stakeholder theory: Reviewing a theory that moves us. (Select all that apply.) If you feel harassed, prejudiced against, or disadvantaged in your workplace, you may file a complaint with the ________. Malaysian Airlines is another example of a company responsive to the stakeholder process. 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). Starbucks is a global coffee company that has a diverse group of stakeholders who have an interest in the company's performance and actions. 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. Which legislation was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities? 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. Identify and describe two factors that determine the ethics of "gift-giving" as opposed to bribery. Draw a T-account for the bank. Explain how Ikea has had to adapt its business model in different countries. Consult with business partners, managers or other key stakeholders. To construct a p-chart for a manufacturing process, 25 samples of size 200 were drawn from the process. D. dining/food service, Which of the following are stakeholders? Solicit, evaluate and apply suggestions for improving efficiency and cost effectiveness. Berrett-Koehler Publishers. A. For ex. Job Summary and Mission. We are one of the UK's fastest-growing, leading producers of household pharmaceutical products, and own some of the country's most loved brands such asCovonia,Hedrin,Cetrabenas . Enculturation and acculturation seem very alike but when paying close attention, the differences start to pop out. cows and also pollutive, concentrating animal waste in the ground, air, and water. They need to develop sustainable sources of quality beans. with Starbucks in lieu of a civil action against the corporation. a. courage, decorum, and accountability making sure the stores employees and the company policies were sensitive toward identifying company. Blooms: Understand, Apply A) Employees B) Customers C) Shareholders D) Economy OpenStax Business Ethics Test Bank Chapter 3: Defining and Prioritizing Stakeholders Chapter 3: Defining and Prioritizing Stakeholders * = Correct answer Multiple Choice/Fill in the Blank 1. Once data are validated, managers present the Blooms: Analyze a. the lifestyle characterized by the acquisition of goods and services a. milk producers Therefore, some employees work for Starbucks to gain that status. Which of the following is especially important for developing and maintaining employee loyalty to the brand? AACSB: Analytical, Difficulty: Easy 12 & 14 & 11 & 8 & 7 & 12 & 15 & 9 & 16 & 13 & 11 & 10 & Develop or acquire assets and skills needed to implement the strategy. Also, a bribery is very unethical and can look bad for the business. The environment is not considered a stakeholder. 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. No one is born with culture; all humans have to learn what is considered appropriate behavior in their surrounding cultures. Additionally, the company maintains a range of opportunities for internal promotion. In the case of Dodge v. Ford Motor Company, the Michigan Supreme Court ruled in favor of shareholder primacy. Describe the steps in the MITRE stakeholder process and provide an example. Answered over 90d ago. c. he believed one secures one's own good outside of political science Answer: False. C. Defining a companys ongoing mission* Starbucks is opening small cafes half the size of existing cafes. From the beginning, Starbucks set out to be a different kind of company. A. wages Many baristas have eventually become managers and worked their way up into higher positions within management (Mitchell, Agle, & Wood, 1997). normative, descriptive, and instrumental approaches. 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? AACSB: Reflection, Difficulty: Difficult long-term dialogue to inform the companys decision making and as a core component of its This button displays the currently selected search type. new CEO with a tourism background. He has the following security-related information: Parvalue$1,000Couponinterestrate6%Taxbracket20%Cost$930Yearstomaturity10\begin{array}{llll} Also, it is crucial that the company inform a. customers are not considered high-priority stakeholder Millennials are ten times more likely than older generations to change jobs, and 90 percent will change jobs within the first year. AACSB: Application, Real-world. 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 . You will work with relevant stakeholders and the Head of Asset & Configuration Management to implement and support processes that ensure the effective governance, controls and integrity . Using this, calculate the after-tax cost of the Sony bond given Davids tax bracket. Consumer responsibility is diminished if advertising is directed toward children. b. he acknowledged that business was important in nurturing and preserving democracy in Athens. In several sentences, describe one ethical draw-back of job-sharing. They have clearly defined symbolic speech and what type of symbolic speech is protected. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. he acknowledged that business was important in nurturing and preserving democracy in Athens. Most business organizations hold three different kinds of beliefs about themselves. c. the Dakota land trade Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. D. stakeholder prioritization, Difficulty: Easy * ), how to distribute resources fairly and evenly And there are two types of stakeholders, including the primary and seconday stakeholders ( Clarkson, 1995). d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . a. implementation of values C. Gather and analyze appropriate data. Starbucks continually emphasizes its commitment to corporate social responsibility. Starbucks Coffee Company supports its competitive advantages through the characteristics of its corporate structure. Blooms: Remember However, Starbucks has also encountered certain difficulties in the area of customer relations that have tarnished the firms reputation as being one that is fully committed to the principles of stakeholder ethics. 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. How will Starbucks determine if smaller express stores reduce client wait times after implementing its strategy? All Rights Reserved. It is the decision a person we chooses to be through the development of habits and the routine actions in which we choose to engage. CAFOs are condemned by animal rights activists as being harmful to the The Porter's Five Forces analysis of Starbucks Corporation shows that these competitors and related industry factors and market factors combine to create the strong force of competitive rivalry in the food service industry environment. He had a tire blowout while driving and crashed into a $1,400 fire hydrant. Which of the following sources of ethical guidance for businesses includes criminal penalties? OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders, Chapter 3: Defining and Prioritizing Stakeholders, Difficulty: Easy (Select all that apply.) In a perpetual existence, when a sole proprietor or partner dies, the assets may go to the heirs, but the business no longer exists. Nam lacinia pulvinar tortor nec facilisis. influence suppliers working conditions. marketplace, Starbucks has an opportunity to lead by example. In many ways, Starbucks is indeed a firm that maintains higher standards concerning the treatment of employees than many other firms in service-related retail industries (for example, fast food restaurant chains and superstores).
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