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Starbucks is considered one of the world’s most ethical companies (Smith, 2012). Starbucks makes conscious efforts to be a responsible company and conduct business in an ethical manner. It prides itself in the ethical way it does business, through community, sourcing, environment, diversity and wellness. It strives to live out its mission statement and values every day.
Starbucks openly displays its commitment to being socially responsible and wants its customers to know exactly how Starbucks is doing so. It plasters its mission statement and values on the walls of many of the stores, it prints facts onto its coffee cups, it dedicates countless pages on the company website to its responsibility, and Starbucks even compiles an annual report dedicated to its corporate social responsibility.
By examining Starbucks and its commitment to social responsibility, I am going to argue that a company can achieve profitable growth and enhanced shareholder value by conducting business in an ethical manner. Customers are more willing to pay a higher price and utilize a company’s products if they know that they are supporting a company that is socially responsible. I use the theories of ethicists Thomas Donaldson and Edwin Hartman to help determine whether a company is acting ethically.
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Starbucks is viewed as one of the world's most moral organizations (Smith, 2012). Starbucks attempts cognizant endeavors to be a capable organization and behavior business in a moral way. It values the moral way it works together, through group, sourcing, environment, differing qualities and wellbeing. It endeavors to experience its statement of purpose and values each day.
Starbucks transparently shows its dedication to being socially dependable and needs its clients to know precisely how Starbucks is getting along so. It mortars its statement of purpose and values on the dividers of a large portion of the stores, it prints certainties onto its espresso mugs, it commits innumerable pages on the organization site to its obligation, and Starbucks even arranges a yearly report committed to its corporate social obligation.
By looking at Starbucks and its dedication to social obligation, I am going to contend that an organization can accomplish beneficial development and improved shareholder esteem by leading business in a moral way. Clients are additionally eager to pay a higher value and use an organization's items on the off chance that they realize that they are supporting an organization that is socially mindful. I utilize the hypotheses of ethicists Thomas Donaldson and Edwin Hartman to help figure out if an organization is acting morally.
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