Starbucks Code Of Ethics - 1601 Words

In a dog eat dog world I find myself asking what companies are willing to do to make a profit. Do they care about their social, economic or environmental responsibilities? Many companies/ organisations stand for great causes and give money to charity but, is there anything else going on behind the scenes? Today stakeholders and consumers demand business to take more social responsibility and business practices. With greater ethical practices companies are more likely to see an upward trend in profits, customer satisfaction and employee commitment. In this essay, I will be examining Starbucks’ code of ethics. I will illustrate how Starbucks can achieve profitable growth in an ethical manner. I will be exploring Starbucks’ code of ethics†¦show more content†¦There are many ways Starbucks professes its goals and social responsibility. For instance, pages on their website are dedicated to their corporate social responsibility. They also have displays in stores with their mission statement and values. To know if they’re doing a good job, we need to know what corporate social responsibility is. Corporate social responsibility (CRS) are business practices that benefit society (Business News Daily). An example would be giving money to charity or implementing a â€Å"greener† business plan. According to Milton Friedman, a company’s social responsibility is â€Å"to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.† (et al. 2017 p.78). Although the beginning statement is correct, this logic will only work until a certain point. Even though companies are trying to gain a profit, it’s important to acknowledge that social responsibility depends on the public and how they view the company. Friedman’s view is based on corporations balancing the economy whi ch stabilises the process for consumers, this, in the long run, creates more opportunities for the public. Going through Starbucks’ Business ethics andShow MoreRelatedStarbucks Standards of Ethics and Compliance1647 Words   |  7 PagesEthics and Compliance Starbucks is a large organization that upholds many standards when it comes to their financial environment. Upholding ethical standards within a business is important if a business wants to become successful and maintains their credibility, Starbucks does not just operate on one ethical standard but eight different ones. They are all different sources that are used for different reason within the company. Starbucks has two specific organization standards they go by that dealRead MoreBusiness Ethics Has Been Difficult For Me Essay1486 Words   |  6 PagesBusiness Ethics has been difficult for me. 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