Must Write In Own Words: Most Answers Provided, No Plagiaris ✓ Solved

Must Write In Own Words Most Answers Provided No Plagiarism Ple

Analyze Starbucks' current performance based on recent online information. Determine whether you consider Starbucks to be a successful company and justify your reasoning. Consider aspects such as financial performance, market share, innovation, customer loyalty, and social responsibility in your assessment.

Reflect on an industry where you would like to pursue a career. Among the three primary stakeholder groups—customers, employees, and shareholders—which do you believe holds the most power in that industry today? Explain your reasoning. Furthermore, predict which stakeholder group is likely to be the most influential in five years and justify your projection.

Evaluate the statement: “I think managers have little responsibility for the failure of business firms.” Share your perspective and support it with logical reasoning or examples, considering the influence of managerial decisions on organizational success or failure.

Discuss whether a vision and mission have relevance in your personal life. If they do, describe how they shape your actions and goals. Are your current decisions aligned with a personal vision and mission? If not, explore the reasons why they may be absent or unclear.

Examine if a company can attain a competitive advantage and strategic competitiveness without adhering to ethical standards. Explain your viewpoint, providing examples. Also, identify some of the major ethical challenges that firms face when operating in the global economy, including issues like labor practices, environmental impact, corruption, and cultural sensitivity.

Sample Paper For Above instruction

Understanding the current performance of Starbucks offers insights into how effective strategy management influences business success. Based on recent financial reports, customer engagement levels, and corporate initiatives, Starbucks demonstrates notable resilience and adaptability in a competitive coffee industry. The company's ability to innovate with new products, expand globally, and emphasize social responsibility suggests that Starbucks is a success in terms of profitability, brand loyalty, and corporate reputation. For instance, Starbucks consistently ranks highly in customer satisfaction surveys and has seen steady growth in revenue and store expansion year over year, indicating strong market position (Statista, 2023). Moreover, its commitment to sustainability and community engagement aligns with evolving consumer values, further cementing its success. Therefore, I believe Starbucks can be classified as a successful enterprise based on its financial health, brand strength, and social impact, which are crucial indicators of sustained long-term viability.

When contemplating an industry worth pursuing, such as renewable energy, it becomes essential to examine stakeholder influence. Currently, in the renewable energy sector, governmental agencies and regulators possess significant power due to the sector’s reliance on policy incentives, subsidies, and environmental regulations. Governments shape market conditions and provide critical funding, making them dominant stakeholders (IRENA, 2022). Conversely, as the sector matures, consumers who prioritize green energy and investors focusing on sustainable portfolios are expected to become increasingly influential, advocating for cleaner technologies and corporate responsibility. In five years, the balance of power may shift further towards consumers and ethical investors, driven by heightened awareness of climate change and social responsibility. This evolution underscores the dynamic nature of stakeholder influence, shifting from policy-driven to consumer-driven power in shaping industry trends.

I disagree with the assertion that managers have little responsibility for business failures. Managers play a vital role in shaping strategic direction, operational efficiency, and organizational culture. Poor decision-making, lack of innovation, or unethical practices by managers can lead directly to failure. For example, the downfall of companies like Enron illustrates how managerial misconduct and mismanagement eroded trust and financial stability, ultimately causing collapse (Healy & Palepu, 2003). Managers are responsible for setting goals, motivating staff, and ensuring compliance with legal and ethical standards. Therefore, their actions and decisions significantly influence a company’s success or failure, making it inaccurate to view them as uninvolved.

In personal life, a vision and mission serve as guiding principles that define one's purpose and long-term aspirations. For instance, I have a personal mission to contribute positively to my community through education and service, aligning my daily actions with this purpose. My long-term vision involves becoming a leader who inspires sustainable development and social change. Currently, I strive to make decisions consistent with this mission and vision by volunteering, pursuing relevant education, and maintaining ethical conduct. However, at times, short-term pressures or distractions temporarily divert me from these guiding principles, highlighting the importance of continual reflection and alignment with my core values.

Achieving a competitive advantage without acting ethically is highly questionable. Ethical behavior fosters trust, loyalty, and a positive reputation, which are crucial for long-term success. For example, companies like Patagonia have gained a competitive edge through environmental responsibility and ethical labor practices, which resonate with consumers and enhance their brand value (Crane et al., 2014). Conversely, unethical practices such as labor exploitation or environmental harm may provide a short-term advantage but often lead to legal penalties, reputational damage, and ultimately, loss of competitiveness. The global economy presents ethical challenges such as corruption, labor rights violations, environmental degradation, and cultural insensitivity. Multinational firms must navigate these issues carefully, balancing profitability with social responsibility. Ensuring ethical conduct helps sustain long-term strategic advantages and promotes global stability and fairness.

References

• Healy, P. M., & Palepu, K. G. (2003). The fall of Enron. Journal of Economic Perspectives, 17(2), 3-26.
• International Renewable Energy Agency (IRENA). (2022). Renewable energy and policy market developments. IRENA Reports.
• Statista. (2023). Starbucks' revenue and market position. Retrieved from https://www.statista.com
• Crane, A., Palazzo, G., Spence, L. J., & Matten, D. (2014). Contesting the value of "creating shared value". California Management Review, 56(2), 130-153.