Ethics and Compliance - Starbucks Fin 370 Essay

1949 Words Dec 23rd, 2012 8 Pages
Starbucks Corporation is a multinational coffee conglomerate that opened their first store in Seattle’s Pike Place Market in Seattle, Washington in 1971. Over the course of the next 40 years, Starbucks has grown in leaps and bounds in not only opening more stores domestically and internationally but also in selling a variety of some of the world’s best coffee and tea blends available. The selling of Starbucks products does not only happen in their stores, it also happens in grocery, convenient, and specialty stores across the world. With the growth of the Starbucks Corporation came the responsibility of ethical and financial compliance to their organization, their shareholders, and the multitude of government agencies they deal with alike. …show more content…
This program not only supports their mission statement but also ensures morals within the organization. This program has become very successful and its development of materials ensures that the organization is aware of the high regard and demand that Starbucks expects with ethical compliance. Some of the things that this program does are to include materials like the Standards of Business Conduct, which is: “A resource distributed to all partners to help them make appropriate decisions at work. The standards are a brief statement of some of the company's expectations of how we are all to conduct Starbucks business, consistent with our Mission and core values” (Business Ethics and Compliance)
The understanding of Starbucks is that ethical behavior and protocol is imperative to ensure a good working relationship within the company. This not only includes conducting oneself correctly with coworkers but also with all the clients they serve. Within the same Standards of Business and Conduct material is additional information for the partners, which include information that will enable them to make the right choices when faced with a difficult and possible ethical dilemma:
* Facilitates legal compliance and ethics training (Business Ethics and Compliance)
* Investigates sensitive issues such as potential conflicts…