...Business Ethics: Case Study 2: Starbucks’ Mission: Social Responsibility and Brand Strength 1. Why do you think Starbucks has been so concerned with social responsibility in its overall corporate strategy? Starbucks has been so concerned with social responsibility because of the reduce its Eco-friendly mark and as became tangled with the community. Also it is important to the corporate because of its ethical corporate should improve in the stretched period of time. Consumers’ feels worthy about conveying business to social responsible companies and the organisation’ impression are good about working there and makes organisation provide much better consumer service. 2. Is Starbucks unique in being able to provide a high level of benefits to its employees? Starbucks is irreplaceable in actually able to offer a high level of benefits to its organisation. Many businesses do not deliver organisation with many profits. Starbucks understands how important its organisation is and that they are the face of the corporate. Happy organisation creates good consumer service understandings and repeat business. It seems like a lot of businesses oversee their internal consumer too often. 3. Do you think that Starbucks has grown rapidly because of its ethical and socially responsible activities or because it provides products and an environment that consumer want? Starbucks express growth is exceptional to both its ethical and socially accountable activities and it providing products...
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...Errol A Lane Business Class ethics Describe at least two reasons for studying business ethics * Improve the Reputation of Your Business (One significant practical effect from studying business ethics and applying then to your business is an improvement in the reputation of your business. These things take time, but word of mouth is a powerful force in society, and having friends and neighbors talking about how you treated them right is the best advertising a business can have). In studying business ethics we find a lack of good business ethics what ar you saying when using that word * (Ethics or moral philosophy is the branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct. The term ethics derives from the Ancient Greek word ἠθικός ethikos, which is derived from the word ἦθος ethos (habit, "custom").) a goof reputation derives form a good business acumen which make for better business ability and reputation. When you learn you do better, you think better and you will be better Become a Better Businessman and Human Being Being (Studying business ethics changes outlooks and influences behavior. Ethics provides a set of terminology and a conceptual framework with which you can think and talk about ethical issues. Studying business ethics will help you weigh the potential consequences of your business decisions, and it will teach you to make moral distinctions and avoid common fallacies...
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...Starbucks Corporation Ethics and Compliance Michelle Anderson, Deida Camacho, Michelle Garcia, Adam Orndorf FIN/370 May 28, 2012 Joseph Potts Ethics and Compliance Starbucks was established in Seattle, Washington, by Jerry Baldwin (English teacher), Zev Siegl (history teacher) and writer Gordon Bowker (Funding Universe, (n.d) Starbucks is famous for its distinctive roasted coffee flavor and its incomparable taste. Starbucks is known worldwide and based on its success more than 17,000 branches in over 55 countries (Starbucks Corporation, 2012). The following paper will review annual report data (2010 and 2011) and will also discuss the SEC filing for this corporation. This paper will also address the role of ethics and compliance for Starbuck financial environment. A description will be given on how financial markets work in the United States. This paper will also discuss the procedures the Starbucks has put in place to ensure ethical behavior and will also identify the process used to ensure that the business complies with the SEC regulations. Based on the 2010 and 2011 reporting, calculation on current ratio, debt ratio, return on equity ratio, and days receivable will be presented. Ratio movement/changes will provide business financial health information based on the two-year period. Business Ethics and Compliance Business ethics and compliance is important to Starbucks. Starbucks believes that conducting business ethically and striving to do right...
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...Starbucks Organizational Ethics ETH/316 September 8, 2014 Starbucks Organizational Ethics Apparently, social media has become a major driver in business ethics in many organizations. Specifically, this is common with smaller businesses enterprises. Organizations are obliged to consider the social expectations within the areas of the general community involvement as well as environmental responsibility. Evidently, the information age has greatly boosted the need for social pressure. External environment determines the behaviors of employees of particular organizations. Due to the increased use of technology that has led to the creation of the information age, there has been enhanced social pressure since the word tends to spread much faster. Starbucks is currently considered among the top most ethical companies in the world. The firm in question has been making conscious efforts to be a responsible company conducting businesses in a more responsible manner. In particular, the business managers have been consistently compiling the firm’s annual report dedicated mainly to its CSR (Corporate Social Responsibility). Social pressures create the necessary ethical transformation. In addition, social pressures in Starbucks have led to the operation of businesses in a manner that does not violate any major moral business guidelines or disregard any critical business rules. On the whole, this mainly based on the expectation of the society that the company has to...
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...Evaluation of a Business Code of Ethics Christopher L. Jones Phl/323 March 3, 2012 Melanie Klinghoffer About the Company and its Code of Ethics When Howard Schutz took over Starbucks in Seattle in 1987, it was only a six-shop coffee bean seller. When Schutz semi-retired from working as Chief Executive Officer in 2000 is when Starbucks became a global brand redefining the cafe scene and the culture of coffee drinking. After Starbucks, cafes & the Mocchachino will never be the same again. Today, Starbucks has more than 15,756 stores 29% of them international. In every major city around the globe, there is bound to be a Starbucks, the cafe culture becoming as branded as McDonald's became for fast food Americana. Schultz built the Starbucks Empire by recruiting key specialists and talents in the field they represent. Starbucks is a semi-informal organization holding on to the functions of management as key at keeping efficiency. Starbucks was among the first to ensure that diversity as part of the corporate principle be put in place, sampling local population to ensure that for each store, they maintain a representative and an equal opportunity hiring policy for the local populace...
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...Behavior and Communication Paper Starbucks has established itself as a worldwide powerhouse and is perhaps the most recognizable coffee company in existence. In order to achieve this status and maintain it as well as the company has it is no surprise that the emphasis from within is always on quality. Starbucks starts this commitment to quality with the raw materials of their products and the company also has well-outlined corporate governance materials to help form the structure on which the company is organized. It is impressive how orderly the structure at Starbucks, starting with its founders and board of directors. This structure and commitment seems to be communicated well within the Starbucks culture considering the company’s sustained dominance in its industry. One interesting detail of the Starbucks mission statement posted on their webpage is how brief and direct the message is in general. I feel this is a positive because the message from the core of the company is easy to understand and sounds very logical in principle which is appealing to potential employees and investors. A primary emphasis that is prevalent throughout the mission statement is unity and a family-like culture that Starbucks wants to generate. This family is not just to include the board of directors, suppliers, manufactures and other employees but is extended to the customers and communities of each location. The company even goes as far to call any stakeholder in the organization a “partner”...
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...Professor Sarin Jarvis August 1, 2015 Starbucks Ethical Or Unethical? I chose to do my paper on Starbucks because I love their company and get my coffee there every morning of the work week. I was interested in finding out whether the company I was supporting was being ethical to its employees or not. I will research Starbucks and who they get their products from and find out just how ethical of a company they are. Thesis: Starbucks claims that they are very ethical and have won awards for being so ethical. But, are they really as ethical sense day one till present as they claim to be. The question is does Starbucks do all their business from grower to a cup of coffee ethically. I start my paper by telling you, the public; about when Starbucks started business and how many stores around the world they have at this current moment. I will show you how Starbucks tries really hard as a large company to come across to their investors and the public as being an ethical company and how they are fair to all their employees and the farmers that grow their coffee beans. I will show you how they are unethical in the way they treat their farmers. I will also show you how they became known as unethical by the way they treated their unionized workers in Chile. This unfair pay that the Chilean workers were receiving was not a fair wage. Starbucks workers in Chile went on strike and Starbucks hired nonunion workers to replace them which were unethical and Starbucks was fined for doing so. I will provide...
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...The Internal and External Factors Affecting Starbucks Decision-Making By Deryl McKnight June 29, 2014 MGT 230 / Prof. Ronald Sprague Globalization’s Effect on Starbucks’ Management Functions In 1987, Starbucks started as a single coffee shop on the corner of Sixth Avenue and Pine Street in Seattle, WA (Business Week, 2002). In the following fifteen years, the company grew to nearly 5,700 outlets in 28 countries. In order for this to happen, many changes needed to take place in both thinking and management strategies. Globalization affects the four functions of management in many ways. When reaching out to a global market, Starbucks needed to make changes to how they planned and organized their strategies; they also needed to take the many different business cultures into account when leading and implementing these new management strategies. When analysts gave Starbucks two years at most before it saturated the U.S. market, they needed to formulate a plan to branch out to international markets. Using the first function of management, planning, Starbucks’ managers came up with plans to expand into other countries by working with local partners in those areas. By hiring managers and workers from the local workforce, Starbucks gave foreign stores a local face for their respective areas and also allowed for each location to be managed by someone who would know that culture and be able to adapt the Starbucks ideology into it. Letting local managers handle the everyday workings...
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...Ethics and Compliance Team A April, 16th 2013 FIN/370 University of Phoenix Starbucks is a globally known brand that has brought coffee lovers hundreds of products and services to satisfy their caffeine fix. This company has grown from a small coffee house based in Seattle, to a worldwide corporation who is a superior example of how hard work goes a long way. Because of its size and popularity, Starbucks has become an example to other corporations on how to properly to business ethics and comply with the regulations set into place throughout the world. Not only does this company comply with all the standards set into place, but they also go above and beyond in helping out within the communities they serve at home and abroad in efforts to give back. Starbucks truly is a prime example of an ethically grounded and financially stable organization that has given back to all those who have helped make this a globally recognized brand. Starbucks Business Ethics and Compliance After the fallout of Enron, business ethics and, compliance have become a standard business practice for companies in America. To ensure compliance practices across an organization, companies implement standards of business conduct for its employees and leadership to comply with. Starbucks is no different. According to "Starbucks Business Ethics And Compliance" (2013), Starbucks publishes its Standards of Business Conduct and states its commitment to conducting business ethically and...
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...footing? Take Starbucks for example: Can you imagine a future in which Starbucks no longer enjoys the prominence it has at the moment? Why, or why not? “Market-driving companies are usually new entrants to the industry, although there are exceptions. The history of innovation is a pattern in which bursts of breakthrough innovation that reshape an industry are interspersed by flows of less dramatic incremental improvements.” According to that I generally do believe that companies that drive the market have enduring competitive advantages compared to e.g. market-driven companies because they focus on a vision for the future, unhampered by traditional thinking and industry norms for product or service development. Market-driving companies are poised to make discontinuous leaps in innovation in terms of customer value. Moreover they also have a mission to build unique business systems through technology and business model innovation or rather entrepreneurial capabilities. As most of the market-driving companies, STRABUCKS started small but its market-driving potential was inscribed in its DNA. Starbucks will always continue to be a market-driving company because it achieves long-run equilibrium with supra-normal profits and hences a sustained competitive advantage. The secret behind this success or rather behind becoming an “owner of the market”, is the fact that STARBUCKS is a company with revolutionary ideas, not products, which again is part of its unique business strategy, too...
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...Page » Business and Management Business Ethics: Case Study 2: Starbucks’ Mission: Social Responsibility and Brand Strength In: Business and Management Business Ethics: Case Study 2: Starbucks’ Mission: Social Responsibility and Brand Strength Business Ethics: Case Study 2: Starbucks’ Mission: Social Responsibility and Brand Strength 1. Why do you think Starbucks has been so concerned with social responsibility in its overall corporate strategy? Starbucks has been so concerned with social responsibility because of the reduce its Eco-friendly mark and as became tangled with the community. Also it is important to the corporate because of its ethical corporate should improve in the stretched period of time. Consumers’ feels worthy about conveying business to social responsible companies and the organisation’ impression are good about working there and makes organisation provide much better consumer service. 2. Is Starbucks unique in being able to provide a high level of benefits to its employees? Starbucks is irreplaceable in actually able to offer a high level of benefits to its organisation. Many businesses do not deliver organisation with many profits. Starbucks understands how important its organisation is and that they are the face of the corporate. Happy organisation creates good consumer service understandings and repeat business. It seems like a lot of businesses oversee their internal consumer too often. 3. Do you think that Starbucks has grown rapidly...
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...The Importance of Business Ethics Business ethics has been described as a social science; it is a vast field and can often be problematic as it tends to mean different things to different people. It generally addresses the entire scope of responsibilities and obligations that a company has to each of its stakeholders. The term ethics can have many different definitions in a broad context and it can be difficult to find common understanding of the term which will be later discussed. Business ethics poses many different advantages and opportunities for businesses once correctly done. Business ethics refers to “managing corporate citizenship and sustainability in the age of globalization” (Crane, A., Dirk, M. 2004). Ethics is broadly concerned with the values underpinning action or behaviour’s for the individuals, organisations or societies. Being ethical is an aim of corporate governance and should be supported by the framework of controls within an organisation, however it is often a very complex problem which requires an in-depth understanding of the many factors which contribute to employees’ decisions to behave ethically or unethically (Stead and Worrell, 1990). Ethics within a business are often the moral standards which are relied upon in order to reach a conclusion and make decisions; they are implemented in order to ensure that a certain required level of trust exists between consumers and various forms of market participants within a business. Public interest has...
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...Evaluation of a Business Code of Ethics Evaluation of a Business Code of Ethics Business codes of ethics are written guidelines use by an organization to set the standards for employees and management conduct and behavior ("Businessdictionary.com," 2013). Business code of ethics is important to deal with ethical the rules and principles needed for a successful business. Also known as code of conduct a business code of ethics reflect an organization values, ethics, objective, and responsibilities ensuring corporate responsibility, quality assurance, and customer satisfaction creating excellence, accountability, and transparency. In this paper an explanation and description of some general information concerning Starbucks mission, and ethical system uses with examples of their uses. The essay will also identify how the code of ethics affects employees, managers, and board of directors within the organization. An explanation of the organization need to modify the existing code of ethics and the best method to implement these changes will be discussed. Furthermore, a discussion of the possible reactions from employees, managers, and the effects the code may have on the organization will be provided. Starbucks general information general information, mission statement, and code of ethics Starbucks first opened in 1971 in Seattle historic Pike Place Market owned by three partners Jerry Baldwin, Zev Siegel, and Gordon Bowker. During the first decade,...
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...At First we should know what is Code of Ethics: A code of ethics forms a part of formal statement showing the value of the organization on the ethical and social issues, than we describe 3 companies which we have chosen Code of Ethics Apple Starbucks Code ofEthics AtFirstweshouldknowwhatis Code ofEthics: A code of ethics forms a part of formal statement showing the value of the organization on the ethical and social issues,than we discribe 3 companies which we have chosen Starbucks conducts its business operations in a volatile and competitive business-environment. The organization is committed to its core values and principles in order to comply with the laws of ethical conduct (Kazmi, 2002). Starbucks Standards of Business Conduct present a brief outline of the ethical and legal standards followed by the organization on a regular basis.Starbucks regularly undertakes an investigation of various kinds of possible violation of its principles, standards, the Financial Code of Ethics and reports under the Procedures (Corporate Ethics and Accountability, 2008). This ensures that all the departments functioning under the organization are working in a proper manner and conducting business in a fair and transparent manner (Starbucks-Standards of Business Conduct, 2008). Code of Ethics Apple Apple is committed to the highest standards...
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...Business Ethics/Social Responsibility/Environmental Sustainability “Business ethics can be defined as principles of conduct within organizations that guide decision making and behavior. Good business ethics is a prerequisite for good strategic management” (David, 2011, p. 311). Business ethics are unique to every company. The rules and regulations established by the company explaining, who, what, when and how a company expects their employees, customers, and vendors to conduct themselves while employed or doing business with the company. An employer’s code of ethics has to be a living document due to ever changing times that we live in, as new technologies are developed or as Federal regulations change. No one in the company is exempt from the code of ethics they are applicable to everyone from the top down. The code of business ethics can be described as “a document that provides behavioral guidelines that cover daily activities and decisions within an organization” (David, 2011, p. 313). In this case study, a comparison of McDonald’s Corporation (MCD) and Starbucks’ Standards of Business Conduct will be conducted and analyzed. From the beginning, it is apparent that MCD and Starbucks have different views about what the Standards of Business Conduct means within their companies. MCD states that “the Standards of Business Conduct give us guidance and direct us to resources to help us make the right decision” (MCD, 2013, p. 8). While Starbucks states, “The...
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