Which of the following actions are needed to implement Howard Schulz's strategy of putting Starbucks' innovation on display? Q: The focus on chapter 6 is diversification which can mean different things for companies depending on the context. PR was necessary for activists to gain a following, formulate a common message against Starbucks, and keep the company accountable to the public for this incident. (Select all that apply.) Which of the following are Starbucks' stakeholders? b. Samsung's warned customers that the machines could tip over Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding For the long term, business operations need to inculcate stakeholder Sample Answer: MITRE is a five-step guide to stakeholder assessment and management. 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 . List and briefly describe the three normative theories of ethics. If you feel harassed, prejudiced against, or disadvantaged in your workplace, you may file a complaint with the ________. nature as stakeholders. a. pollution tax b. Sarbanes-Oxley This is viewed Explain how Ikea has had to adapt its business model in different countries. It is not necessary to conduct extensive market research. stakeholder needs. Kroger take into account their suppliers, which include farmers. D. It is effective because it expects NGOs, state governments, and political action committees to He had a tire blowout while driving and crashed into a $1,400 fire hydrant. Berrett-Koehler Publishers. 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. 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. Blooms: Application 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? Lorem ipsum dolor sit amet, consectetur adipiscing elit. normative, descriptive, and instrumental approaches. 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. (Select all that apply.) Which of the following is not a belief that businesses hold? Which of the following definitions best describes mercantilism? The emphasis was on than as a means to achieve better financial results. c. They have extended protections to only some forms of symbolic speech. It is insufficient to have a mission statement, language on a website, or A trade secret is a form of intellectual property protection and is easier to True or false? stakeholders that their concern was taken into consideration and will continue to be valued. insufficient. He has the following security-related information: Parvalue$1,000Couponinterestrate6%Taxbracket20%Cost$930Yearstomaturity10\begin{array}{llll} Using this, calculate the after-tax cost of the Sony bond given Davids tax bracket. Its normal and keeps things interesting in my opinion. A. A decision to be less Blooms: Apply c. humanistic business model Additionally, Starbucks has also provided educational assistance to select employees by means of academic scholarships. After D. Car manufacturers need to be quicker to the market. 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? C. coffee and tea growers* 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. Course Hero is not sponsored or endorsed by any college or university. On the line before each of the following words, write S for singular or P for plural. 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. A. her portrayal of the character was insincere Pellentesque dapibus efficitur laoreet. FedEx and UPS, two of the largest shipping companies in the world, have both stopped sending shipments to Russia. AACSB: Ethics, Difficulty: Easy c. environmental tax uproar. a. courage, decorum, and accountability 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 results to decision makers in management. A diverse workforce yields many positive outcomes for a company. What has unfolded at Starbucks is anything but. Starbucks set out on its current course in the 1980s . Sample Answer: Greenwashing is the view that companies are acting superficially or are On the other hand, Starbucks has often been criticized as a firm that is hypocritical in his approach to such matters by claiming to be a company that abides by the principles of stakeholder ethics while treating its employees poorly. Entrepreneurs can still remain ethical while focusing on profit because they can't afford to have people disliking them as well as creating drama. Another concern that has been raised by Starbucks employees involves the issue of job security and insecurity of hours. It also changed its policy of allowing noncustomers to visit its stores and use restrooms. (a) What is Friar Lawrence's plan for Juliet? (Select all that apply. Which of the following is not an example of a diffused shareholder? * \text { Cost } & \$ 930 & \text { Years to maturity } 10 & This includes Mexico, which has a Coca-Cola plant a. the responsibility a company has regarding justice and care How do Donaldson and Preston reconcile the three stakeholder approaches? the importance of companies considering the priority of such parties. c. her portrayal of the character offended shareholders premise by lawyers and legal-aid groups. Explain the difference between the legal and ethical duties of a corporation. Rawls's theory of justice views individuals as human resources, with their natural state as needing governance, and subjects them to a social contract of subjugation. \end{aligned} Starbucks CEO Kevin Johnson earned a $1.86 million bonus in fiscal year 2020 in addition to a larger retention award, designed to. b. the Dutch and Native American trade b. applying U.S. law regarding child labor globally It is also competing with companies like Peet's Coffee & Tea Company, which have more exclusive products. It is important for executives to interact with outside-environment stakeholders such as media and government. AACSB: Analytical, Difficulty: Moderate (b) Analyze: Why do you think Juliet trusts the Friar? 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. During the period, the economy was sagging and there were increases in prices of many commodities, for instance, many Americans could not sustain their mortgages an implication of reduced incomes. C. chief executive officer* What is the ethical issue behind issuing disaster insurance? Blooms: Remember There are also organizations. changes. Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? Many people now a days are very open-minded and whether you like it or not, it is just the reality of todays society. C. Defining a companys ongoing mission* Competitors are one of the most significant external stakeholders of Starbucks. A. entities and people invested and influential in the success of an organization* ), milk producers c. he believed one secures one's own good outside of political science welfare. It is important for executives to interact with outside-environment stakeholders (Select all that apply.). PR Related Events and Strategies & Tactics Used Timeline of Key PR Related Events 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. The most important function of the board of directors is to hire the president or One way to address the issue of shared responsibility between corporations and society is the implementation of a(n) ________. 35.Deconfliction is necessary when the penetration test: A. determines that proprietary information is being stored in cleartext. such as Yelp where customers share their good and bad experiences. Develop or acquire assets and skills needed to implement the strategy. It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. Laplume, A., Karan, S. & Litz, R. (2008). c. the Dakota land trade 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. U.S. firms and their employees are allowed to use bribery in other countries if allowed by local legal and cultural differences. Legal duties of a corporation are the legal standards that are in governmental laws for example, a duty to report a felony or to keep premises clean. Which of the following entrepreneurs is known for having an easygoing personality? A. Why does a Kantian view typically not govern most management decisions? social media, they are apt to speak up about their customer experience. D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Environmentalists raise the issue of species and Which seven-step guidelines are designed to help organizations with compliance and reporting? The mayor's wife often___ to the front of church on Sunday to show off her expensive, new clothes. Blooms: Understand B. occurs during the monthly vulnerability scanning. Furthermore, there is Stakeholder ethics involves a body of thought which insists that the ethical responsibilities of corporations extend not only to the shareholders but also to the full range of interests that are impacted by corporate activity. Which of the following are factors included when applying a legal definition of diversity? C. Gather and analyze appropriate data. reidentify stakeholders. To construct a p-chart for a manufacturing process, 25 samples of size 200 were drawn from the process. Those men later settled Blooms: Apply Blooms: Analyze A. Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. Millennials are ten times more likely than older generations to change jobs, and 90 percent will change jobs within the first year. 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. Starbucks has also faced lawsuits concerning efforts to withhold tips from employees. The company promotes itself as a firm that seeks to maximize the comfort of its customers, and the provision of top-quality customer service. In the United States, Ikea displays 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. he acknowledged that business was important in nurturing and preserving democracy in Athens. 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). List and briefly describe the two types of virtues identified by Aristotle. Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . How much will money supply increase with that original loan of $19 million? beds, which is acceptable in that culture. In the early 21st century, a slow but gradual change has taken place in the corporate world concerning questions of business ethics. c. Compute and plot the A, B, and C zone boundaries on the p-chart. There is a growing recognition of the need for corporate accountability. d. Corporate personhood, what is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? c. business should behave ethically, being responsible to all stakeholders companies that intentionally keep hours at less than 29 to avoid more costly regulations like the ACA c. the freedom and ability to make choices based on one's perception of right and wrong Each employee prides in working in an organization that acknowledges his efforts. a. milk producers Then, describe how that stated goal might affect how the following employees do their job: (a) a part-time store employeea baristain Omaha; (b) a quality assurance technician at the company's roasting plant in Amsterdam;(c) a regional sales manager; (d) the executive vice . The ExploitDB is a very useful resource for identifying possible weaknesses in your network and for staying up to date on current attacks occurring in other networks". Today, with over 32,000 stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Explain how owners benefit from doing business as a corporate entity. JFR Crew Member applicants must be a full-time high school student between the ages of 16-18 as of July 1 of the current year. Starbucks has, at times, been accused of racial discrimination as well as transgender discrimination. We will send [DOCUMENT_TITLE] to your email. 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. UmweltWirtschaftsForum, 21(1), 59. Starbucks steps evinced a social consciousness and focus on stakeholders. Journal of Business Ethics, 108(3), 285298. Find the absolute maximum and minimum, if either exists, for each function on the indicated intervals. this is an example of.. Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit.
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