Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Starbucks social responsibility in its overall corporate strategy
Starbucks social responsibility in its overall corporate strategy
Starbucks' business and social responsibility
Don’t take our word for it - see why 10 million students trust us with their essay needs.
CSR programs do have a strong influence on consumers. More specifically, it would appear that CSR has both a direct and an indirect effect on consumer responses to products, attitudes toward products, identification with a particular company and donations to non-profit organizations (Swaen & Chumpitaz, 2008).
Starbucks has been so concerned with social responsibility in its overall corporate strategy because of importance of defending its image, Starbucks is one of the defining brands of our times. For instance the company’s reputation is built on product quality, stakeholder concern and a balance approach to all its business activities. The company is also concerned about the environment, its employees, suppliers, customers and its communities. Part of the company’s image is its commitment to ethics and sustainability and that is why the company launched the Shared Planet website which has three main goals: to achieve the ethical sourcing, environmental stewardship and community involvement. The website provides information up to date about company’s initiatives to its customers.
Environmental
Starbucks is committed to reduce its operating costs and increase shareholder value through energy and water efficiency. From coffee-growing conditions in Costa Rica to the increased electricity needed to power our stores, the company takes into consideration the global impact of their business actions. For instance, by building more energy-efficient facilities and stores, conserving the energy (and water) they use and purchasing renewable energy credits, they are forced to reduce the environmental footprint of their business operations.
Regarding recycling and reducing waste, in 2013 the company is focusing on bringing customer recycling ...
... middle of paper ...
...ssified as high priority by providing quality products and healthy choices such as introduction of a new product offerings. For example, 20 % of Starbucks revenue reported was coming from the food sales. The company also joined Conservation International to ensure that the beans were sustainably harvested.
References
Swaen, V., & Chumpitaz, C. (2008). Impact of Corporate Social Responsibility on consumer trust. Recherche Et Applications En Marketing (English Edition) (AFM C/O ESCP-EAP), 23(4), 7-33.
Unknown, Starbucks Ethical Coffee Sourcing and Farmer Support, Retrieved November 14, 2013 and available at: https://www.starbucks.com/assets/6e52b26a7602471dbff32c9e66e685e3.pdf, p.1
Unknown, Environment, Retrieved November 16, 2013 and available at: http://www.starbucks.com/responsibility/environment
http://www.starbucks.com/responsibility/environment/recycling
Governmental CSR policies are beneficial for consumers and organizations. Consumers are protected from abuse when organizations adhere to policies set forth by the government. The government has passed laws and created regulations as a guide for organizations to follow for the protection of the environment.
“For most organizations, particularly for-profit firms, the end game is a change in financial performance… Most company strategies aim for long-term, sustainable financial growth,” (Balestrero & Udo, 2014, p. 251). Being a publically traded company, Starbucks legally must adhere to strict financial reporting regulations. Nevertheless, by tying into their SEE model of organizational sustainability, Starbucks can further sway investors to participate in supporting their business (in big and small ways) in order to continue thriving. Marshal Goldsmith is credited with the phrase: “What got you here, won’t get you there.” This means, in order for Starbucks to truly remain sustainable, hard-nosed economics, measuring their full-range impact will be necessary via triple bottom line definitions.
The concept of Fair Trade coffee is great in theory but it was interesting to shin the light on exactly what it entails to be “fair trade certified” and whether or not it is actually beneficial and/or more “fair” to growers. In Starbucks’ “Fiscal 2007 Corporate Social Responsibility Annual Report,” Starbucks defines CSR as conducting business in ways that produce social, environmental and economic benefits for the communities in which we operate and for the company’s stakeholders, including shareholders. Starbucks has taken more steps than simply accepting the full principles of Fair Trade. Besides adhering to the purchase of “Fair Trade” coffee, Starbucks is also committed to building a resilient supply chain through partnerships. Climate change represents significant immediate and long-term risks to coffee farmers around the world, and Starbucks is looking at its potential impacts with organizations such as CI. As a result of this work, Starbucks has incorporated agricultural methods into C.A.F.E. Practices that help reduce emissions, improve carbon storage through shade and conservation areas, and proactively manage climate risks from pests and disease. Also, in 2014, Starbucks made a series of origin community grants, funded by sales of their Ethos Water brand, to support critical infrastructure improvements and agricultural diversification projects. For example, in Tanzania, they’re working with Heifer International
The main stakeholders of Starbucks include the employees, customers, suppliers, investors, environment and the government (Thompson, 2015). Starbucks gives priority to their staff and ensures that they are happy with the provision of better working conditions, job security, and higher wages. Thus, the company builds the community, facilitating the growth of the employees. The company listens to their customers to improve the quality of service and products. For instance, Starbucks creates a warm and friendly relation with customers to satisfy their social responsibility with this stakeholder. By ensuring their suppliers are properly paid through their Coffee and Farmer Equity (CAFÉ) program, Starbucks fulfills their commitment to the suppliers through awareness. The company creates eco-conscious stores (Starbucks Corporation, 2016) and ensures to follow environmentally sound business practices using their foresight. Starbucks supports the emergency relief services. In 2005, they helped rebuild the Hurricane Katrina struck areas (Adams, 2007). Through their high financial performance in the industry, the company meets the interests of the investors proving the ability to conceptualize. Being an international company, Starbucks remains respectful of the people’s perspectives from the respective governments. Thus, they satisfy their commitment and
The importance of economic indicators to the strategic planning process in any organization is the ability to benchmark economic conditions that contribute to improve profitability, business growth and market size. Leadership sets up the mission “to establish Starbucks as the most recognized and respected brand in the world.” In doing so, they have created a set of industry-leading, comprehensive coffee-buying guidelines addressing coffee quality, financial transparency, social and environmental responsibility. Starbucks strategy is also expanding market in globally to provide high quality coffee in convenient and visibility locations. They are continuing to innovate and extend the business with imaginative new ready-to-drink beverages and expanded packaged coffee offerings (Starbucks Corporation, 2007).
Starbucks Company was established in 1971 with their first store in Western Avenue from that same year to 1976. They started as retailers of ground coffee tea and spices with a single in Seattle’s historic Pike Place Market. Starbucks is named after the first mate in Herman Melville’s Moby Dick and their logo is inspired by the sea-featuring a twin-tailed siren from Greek mythology. Starbucks had always wanted to inspire the human spirit. They believe in serving the best coffee by growing the coffee under quality standards. Starbucks believes rendering good services to customers is very significant to the success of the company. From just a narrow storefront, Starbucks now has more than 20,000 stores in over 60 countries and they offer some of the world’s finest fresh-roasted whole bean coffees. Their coffee houses have become a beacon for coffee lovers everywhere. Starbucks believe that they can elevate their customers, partners, suppliers and neighbours to create positive change. They call their corporate offices “a support centre” for some reasons. They try to make everything they do there to support their retail store partners and make an impact on the communities they serve. They have a research and development team of over 200 people which are responsible for the science behind their great products. They are the innovators of delicious beverages and brewing equipments. They drive the innovations, conduct the research and test products. They have a public affairs, communications and community team of over 50 people who promotes and protects the company’s reputation all around the world. They also have a partner resources team of over 500 people that help their partners all around the world become their very best...
Starbucks not only shapes a defined importance on its product, the coffee, but also the relationships on its partners, its customers and its shareholders to create diversity, “to create a place where each of us can be ourselves” (Starbucks Coffee), to treat all related partners with dignity and respect at the greatest corporate level. In this sense, Starbucks involves its customers, its neighbors and is shareholders to participate in the community to “be a force for positive action—bringing together [its] partners, customers, and the community to contribute every day (Starbucks Coffee).
Starbucks is a company in which purchases and roasts high quality whole bean coffees and sells them along with fresh, rich-brewed, Italian style espresso beverages, a variety of pastries and confections, and coffee-related accessories and equipment (starbucks.com). During my environmental scan in which took place at the Starbucks on the corner of Fair and Newport across the street from vanguard, I noticed many things in which where never brought to my attention in prior stays and visits at Starbucks; such as the many social groups in which choose to have their meetings at Starbucks. Thus in this essay we will discuss things in which many people do not really notice when going to Starbucks.
Every thriving company must embrace some sort of code of ethics ground rules which will guarantee its success. In this case, Starbucks wants to promote high standards of practice; by selling the richest and aromatic coffees in the world to the ...
Employees are the important internal stakeholder of a company, they are the audiences of a company to understand the mission and main value of the company, and employees have the perception of the CSR activities like consumers, and their perceptions affect the brand image in their mind, since CSR is strongly related to company’s mission and vision (Esmaeelinezhad et al, 2015). In this way, employees both influence, and are influenced by company’s CSR initiatives, understanding how employees’ perceptions can affect brand image are necessary, and there are requirements for scholars to find out how to make employees perceive CSR effectively (Du et al. 2010). At the same time, employees
Bruss (2001) argues that the company hopes as well to make new investments in new coffee types. Starbucks has recently developed a new type of coffee called green-coffee. These strategies are created with the objective of support Starbucks’ commitment to buy coffee that has grown and processed by suppliers. They meet certain conditions of social, economic and quality standards. In addition to that, the company is paying additional premiums to those vendors who meet the specific requirements that the company wants.
Also, this paper will encompass a scenario when it would not make sense for Starbucks to diversify or expand into a foreign market and how the company will create a business environment conducive to ethical behavior will be assessed.
Corporate Social Responsibility (CSR) is a very familiar term in today’s world. Most of the successful companies try to be ethical and socially responsible toward their stakeholders. Because becoming ethical and socially responsible gains a lot in terms of profit or capturing more market share (Aras and Crowther,2009). This socially responsible approach is paved by the CSR activities of the companies which has a great contribution to their corporate strategy of winning the customers’ mind. In this assignment, the pros and corn of CSR activities of a particular organization a...
Misani & Tencati, 2008). As a result, companies are devoting greater energy and resources to CSR initiatives (Bhattacharya & Sen, 2004). Porter and Kramer (2002) argue that organisations can gain the greatest competitive benefit when CSR activities offer unique value for beneficiaries while in accordance with company’s core competencies and capabilities. Thus, these activities must intersect between the economic gains and the social benefits.
Corporate Social Responsibility is an organisation’s obligation to serve the company’s own interest and the one’s of the society. Moreover, Corporate Social Responsibility has a definition of a concept where the companies integrate social and the environmental concerns into their own business operation and also on a basis of voluntary with their interactions they have with the stakeholders. Corporate Social Resp...