Applied Ethics and Social Responsibility Essay

1) Why do you moot Starbucks has been so concerned with social accountability in its boilersuit corporate strategy? I think that Starbucks has been concerned with social responsibility in its overall corporate strategy because in the foresightful post it affects the bottom line. By being socially responsible, the business is also viewing that they care about more than their profits. Caring about more than righteous profits allows for greater employee commitment, investor loyalty, as well as higher node satisf wreakion. Research has also shown that social responsibility and good business morality contributes to higher profits. (Ferrell, Fraedrich, & Ferrell, 2013)2) Is Starbucks unique in being fitting to provide a high level of benefits to its employees? No, Starbucks is not unique in being adequate to provide a high level of benefits to its employees. Business moral philosophy has commence more important in the business world and it has been found that if a fraternity i s dedicated to taking care of its employees, the more dedicated the employees forget be. If an employee sees that the company is acting and treats them in an honest manner, the employee is more likely to act in an respectable manner. (Ferrell, Fraedrich, & Ferrell, 2013)3) Do you think that Starbucks has grown rapidly because of its ethical and socially responsible activities or because it provides products and an environment that customers want? I think that Starbucks has grown rapidly because it has combined a product and environment that stack want with great business ethics and social responsibility. This combination has allowed the company to expand exponentially during a good economy and maintain in a bad economy. By being socially responsible and treating their employees right, the company has less of a turnover rate and in the long run has been able to avoid large layoffs and shutting down a large amount of stores. (Ferrell, Fraedrich, & Ferrell, 2013)4) In what other wa ys does this case stir to the concepts that we have learned in the chapters so far? This first chapter has shown that ethics is a big part of business. It can basically make or break a company. In the case of Starbucks, it has made them. They have base their business around social responsibility and ethics and have been able to maintain in an economy that has tanked because they treat their employees and customers right. According to our textbook, being ethical pays off with better employee performance, and higher employee honesty and integrity. (Ferrell, Fraedrich, & Ferrell, 2013)BibliographyFerrell, O. C., Fraedrich, J., & Ferrell, L. (2013). The Importance of Business Ethics. In O. C. Ferrell, J. Fraedrich, & L. Ferrell, Business Ethics Ethical Decision Making and Cases (pp. 17-22). Mason South-Westen.