Ethical Decision Making in Business

Running head: CORPORATE ETHICS
Corporate Ethics and Responsibility
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1CORPORATE ETHICS
Table of Contents
1. Starbucks Corporate Social Responsibility 300.......................................................................3
2. Starbucks CEO Howard Schultz on Social Responsibility......................................................3
3. Issues in financial and accounting fraud..................................................................................5
4. The Bribery Aisle: How Wal-Mart Used Payoffs to Bribe Its Way Through Expansion
in Mexico.........................................................................................................................................6
5. The Rise and Fall of Arthur Andersen.....................................................................................7
References........................................................................................................................................9

2CORPORATE ETHICS
1. Starbucks Corporate Social Responsibility
Starbucks has become the coffee capital of the whole world. They have become a brand over the
years after going to public. The main criteria that they have maintained over the years is to build
a good relationship with all of their stakeholders(Dane and Sonenshein 2015) Being socially
responsible has always been the motto of their company. Starbucks buys coffee from different
parts of the world (ProfTabOkWU, 2010). For example,Asian pacific region, central America
and Arabian countries. They also feel responsible to the farmers they buy coffee from. Therefore,
I think they maintain ethics in sourcing the coffees from different sources. They also maintain
ethical approach while dealing with the government of different countries(Dane and Sonenshein
2015) As the coffee industry is going through a crisis by over production, they are trying to save
farmers who have higher productions. Starbucks also takes care of the community they belong in
different country by providing education and environment development programs for the
nonprofit organization. It is not just a Public relation stunts, their ethical sourcing also includes
global alleviation of farmer’s economic situation (Watts et al. 2017). They also help in fair price
trade of the farmers. Environment friendliness is also part of their corporate social responsibility
strategy. The initiation to build a farmer support center shows their commitment to the farmers of
Costa Rica. The profit from the premium price of their coffee boils down to their farmers so that
they can keep the firm business running. They aim to demonstrate that that their core value
includes profitability as well as social responsibility of the company (Watts et al. 2017). It has
also build this brand based on the social image of the company.
2. Starbucks CEO Howard Schultz on Social Responsibility
Howard Schultz, the CEO of Starbucks highlights the value they always relied upon while doing
the business. Not just making profits, but “giving something back to the community” has always