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
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Kriss Smith 6/26/2014 Ronda Williams Final paper When dealing with ethics, integrity and management everything in the organization must be carefully monitored to assure there is the least possible amount of unethical activity. Unethical activity has in most cases negative effects on an organization such as legal issues resulting in fines, slacked employee performance and loss of company credibility. Even with the high risk of unethical behavior people often find themselves in situations
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What is at stake when business leaders ignore good ethical practice and companies lose their ethical reputation? This can be illustrated by one of the latest scandals. Siemens was embroiled in a huge corruption scandal that has severely shaken the confidence of a once proud and self-conscious Siemens “community,” tarnished its reputation, and caused substantial financial losses. Most of the $ 1.8 billion that Siemens paid out in bribes was to secure contracts. German law permitted companies to pay
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decades. Some recent examples of executive hedging involve companies like Krispy Kreme, Hasbro, and Chattem. Dunham and Washer describe the major increase and decrease of stock prices for Switch and Data Facilities in 2008 (Dunham & Washer, The Ethics of Hedging by Executives, 2011). Unfortunately most shareholders in this case experienced a great financial loss. Hedging activities, however, prevented the CEO
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Summary This case study presents about a chemical manufacturing joint venture in China that involves a German parent firm and its Chinese partner. The German firm has conflicts on different aspects with China in terms of industrial safety, business ethics, and the environment. The Chinese however was upset that they cannot use gift, commissions, and other bribes to favorite their customers to gain more potential customers from China. Disagreement has arisen over whether the joint venture should
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Global businesses can sometimes be difficult due to the different cultures. Not all cultures carry the same value, law and ethical standard. Nike is an international brand that has many retail accounts in over 160 countries. Being an international company can cause business ethical and legal issues. Integrity is important and sometimes a challenge when a corporation must respond to criticism or hold back on certain company details. Nike dealt
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My Learnings in Business Ethics, Social Responsibility and Good Governance What is ‘business ethics’? Business ethics talks on the behavior of people involved in a business. Business ethics is about ethical property. Business ethics affects one’s decision making of doing what is good, correct, and moral and avoiding doing evil. Business ethics means developing self. What is ‘social responsibility’? Social responsibility means doing well to others where in you need to consider the full scope
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focus of those who study moral philosophy: virtue ethics, duty ethics and consequential ethics. Virtue ethics, associating ethics with personal habits, is associated with Aristotle. Duty ethics is associated with religious beliefs, although Kant tried to create a system of duties independent of belief in God. Consequential ethics is associated with the quest for rationalism during the Enlightenment, and especially with the Utilitarians. Virtue Ethics Plato and especially later Aristotle described
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company-wide Code of Ethics The company must develop its Code of Ethics. It should be the embodiment of what the business believes in with regards to the nature of the business, business practices, operations, people and its ethical responsiveness. In doing so, the company will always operate under the guidance of the code- legally and ethically; and all business decisions will be made within the principles of the code. b. Create an Ethics and Compliance Committee The company’s Ethics and Compliance
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Ethics Reflection Paper Sheila Bourne University of Phoenix STR/581 Instructor: Charles Von Urff November 17, 2010 Executive Summary When the word “ethics” is mentioned in society and in business what comes to mind to me is that people should practice expressing good morals and values in making the best decisions in their personal and professional life. Basically, ethics is how we ought to act or behave because our conduct is affected by our morals. My paper will analyze how the role
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