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Starbucks Corp (NASDAQ: SBUX) October 9, 4:14 PM EDT 60.07 ▲ 0.61 (1.03%) After Hours 60.12▲ 0.05 (0.08%) 10:00 12:00 2:00 3:30 59.459.860.2Vol Day Week Month Year 5 Year Max High 60.11 Low 59.30 Open 59.47 Vol 7.97 M Mkt Cap 89.16 B P/E 33.90 See more on MSN · Data from Morningstar · Price in USD · Market closed
Star Bucks Starbucks Corporate Social Performance (CSP) based on the four criteria are the following: Economic Responsibility: (Be Profitable) According to the article, on economic Starbucks they say that “So it is our vision that together we will elevate our partners, customers, suppliers and neighbors to create positive change. To be innovators, leaders and contributors to an inclusive society and a healthy environment so that Starbucks and everyone we touch can endure and thrive." Also in the youth section it says, "The problem is not unique to Starbucks, nor can it be solved by us alone. That is why we are focusing on a comprehensive approach and collaborating with organizations on proven, as well as innovative, solutions to help young people get the skills and training they need to succeed in a rapidly changing global economy." Starbucks, even as a public company, has always believed that we can balance profitability and a social conscience. Ethical Responsibility: (Do What Is right) 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. Legal Responsibility: (Obey the Law) Business analysts agree, that Starbucks is a widely respected company because of its commitment to social responsibility. Starbucks has earned this reputation through its actions in all phases of its business and live out this commitment through both its mission statement and values. The Starbucks website states that, “Our mission: to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time”. Starbucks even has a separate mission statement dedicated to the environment, which states, “Starbucks is committed to a role of environmental leadership in all facets of our business.” Starbucks makes conscious efforts to fulfill its company’s missions. The Starbucks website lists the following as ways it is fulfilling its social responsibility. Discretionary Responsibility: (Contribute to Community). In the community section, it says we believe in helping communities thrive and also says "Bringing people together, helping provide education and employment opportunities and making a difference in people's lives – it's all part of being a good neighbor and a sustainable company. Every Starbucks is a part of a community, and we’re committed to helping neighborhoods thrive wherever we do business. It’s a commitment rooted deep in our heritage and the belief that we can use our scale to be a catalyst for positive change.
This is what all I have
@sana97 @AlexandervonHumboldt2 @ribhu @thomaster
well they list how it is divided into 4 categories right? :) Economic responsibility, ethical, legal, discretionary, which stand for (be profitable, do what is right, obey the law, and contribute to the community).
I think that's what they want
those are the corporate social performances
yeah i know
ok so what's your question? :D
i almost done but i want you to make sure did i do it right??
can you please look at it for m???
yea it's right, they just want you to list them out
lol no they also want some detail on it
its a assignment
@sana97 do you figure out your math question thou
no I didn't lol.
oh why not
they are confusing my brain.
are you looking at it or what??
I've left it alone.. too much for one day I think. Hopefully i'll get it solved somehow
oh ok hope you get that soon
what grade are you in
yea I have a quiz on monday
lol Monday is off here
@sana97 are you still looking at my question??
do you find any mistake there in my paragraphs
what is it based off of or is it just a research paragraph?
i do some researach and then i got this all information
when is this due?
so this is the assignment
i am doing the fourth point in question 1
I mean if you are answering the questions with thought and analysis you should be good! They just want to see if your information is thorough
so is my information look good thou
actually my english is bad
this is all what i have
i'll definitely look at it later on and give some input!
@Maddy95 can you plz help>>