Ethic Paper

Ethical is defined by what is good is what produces a net benefit for a particular individual, and what is bad is what produces a net harm for the individual. Ethical claims that it is necessary and sufficient for an action to be morally right that it maximize one's self-interest. In the business field, definition of ethics based on the company's goals and priorities. The most widely accepted definition for business ethics says that it is a set of corporate values and codes of principles, which may be written or unwritten, by which a company evaluates its actions and business-related decisions. As the definition goes, business ethics can be written or unwritten. This is because most of the time, ethics business and the criteria for what is good and what is bad are shaped by a company's best practices and long-standing culture.

Starbucks opened its first store in 1971 in Seattle’s historic Pike Place Market and has grown to 15,000 stores in 50 countries. Starbucks goal as a company has always been to be a different type of company, which is evident from its mission “to inspire and nurture the human spirit- one person, one cup, and one neighborhood at a time”(Starbucks, 2010). Starbucks is committed to ethical behavior from its community involvement, its recycling efforts and its employee training in ethics. Starbucks employees are non-disclosed when it comes to the securities of Starbucks, each employee and stock holder has access to material considered as non-public and are required to keep this information confidential.

In addition, Issues and concerns that stakeholders have with Starbucks being compliant with SEC regulations as well as general company concerns are covered in the fiscal reports generated. Starbucks ensures that these issues and its three commitments are addressed in the fiscal reports. The Starbucks company website provides to anyone visibility to their policies on diversity in the workplace, sourcing, stewardship in the...