Homework answers / question archive / As a business student, it is important to consider the various aspects of planning and decision-making in the context of ethical issues faced by companies

As a business student, it is important to consider the various aspects of planning and decision-making in the context of ethical issues faced by companies

Unrecognized

Share With

As a business student, it is important to consider the various aspects of planning and decision-making in the context of ethical issues faced by companies. You are charged with creating a strategic plan to handle a recent Starbucks ethical issue of your choice. You may find a plethora of recent ethical issues by googling Starbucks Ethical Issues. Pick ONE issue of your choice and create a plan based on the framework presented below. 1. Research and Analysis: - Conduct thorough research on the ethical issue faced by Starbucks and their impact on the company's stakeholders. - Analyze the pros and cons of Starbucks taking a stance on this issue, considering factors such as public perception, employee satisfaction, and long-term sustainability. 2. S.M.A.R.T goals: - Clearly define specific, measurable, attainable, relevant, and time-bound (SMART) goals. - Establish objectives that directly address the crisis and align with the company's long-term vision. - Visit and reaffirm the company's mission and vision statements to assist you. 3. Global Influence: - Investigate the potential influence of a company like Starbucks on the legal and ethical environment of the countries in which it operates. - Evaluate the strategies that Starbucks could employ to promote ethical practices and influence policy-making on a global scale. In conclusion, as a business student, it is essential to critically evaluate the ethical considerations faced by companies like Starbucks and develop a comprehensive understanding of the motivations behind their ethical standards. By applying a structured approach to planning and decision-making, you can gain valuable insights into the complexities of ethical business practices and their impact on corporate strategy and global influence. Please ensure to include your work's cited to credit your supporting evidence in your strategic plan. .