Starbucks CO Essay Example | Topics and Well Written Essays - 500 words

Starbucks CO - Essay Example It is almost impossible for any business not to become involved in some kind of community affairs. Some of this involvement is primarily charitable, while other community affairs with which business becomes involved pays a direct return to the company. It is difficult to separate one from the other because in most instances both community and business reap positive rewards from any business participation in community affairs. Starbucks pays a special attention to stakeholder responsibility and environmental policies. Pollution is, unfortunately in most cases, a by-product of everyday living. The operation of a "free market" system may fail to serve the best interests of society because of the inability of the market to adjust itself independently and adequately to certain kinds of side effects such as pollution. Also, the buyers and sellers in the marketplace often lack the quantity and quality of information necessary to undertake effectively and efficiently the proper transactions to optimize the side effects for the best interests of both parties involved. Under a free market economy, private industry, local governments, and county, state, and federal governments can, and do, sometimes relieve themselves of certain costs associated with disposal of waste materials by using the atmosphere, oceans, lakes, rivers, and landfills, as free waste receptacles. If it is to the economic advantage of the particu lar emitter to do so, it will normally take advantage of this free resource. The general theory behind much of it is that by business participating in community affairs it makes the community a better place in which to live. By making the community a better place to live, it helps improve the community for all those who live there and as an inducement for hiring new employees from distant communities, possibly needed experts from