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The strategic management process of Starbucks
The strategic management process of Starbucks
Observations about starbucks
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Starbucks was founded in 1971 as a small coffee bean roaster and retailer in Seattle, Washington. For years it was just that one store, but by 1982 they had five retail stores that sold supplies and beans for brewing coffee. A wholesale business was soon established. Ever since then the company expanded at a rapid pace and since 1987 it has opened an average of two stores every day. The current President and CEO of Starbucks is Howard Shultz. When he visited Milan he came up with the idea of an espresso bar. Shultz realized that America was lacking in the high quality coffee shop area. He wanted to incorporate high quality coffee with a relaxing area where people can meet and do work. When the Starbucks started to be designed they had woods …show more content…
Along with the coffee maker being called a barista, Starbucks decided to name their coffee sizes and drinks differently. For example, a tall is a small, a grande is a medium, and a venti is a large. By doing this, Starbucks was able to add to the authenticity of their coffee brand. Starbucks opened their stores in areas that had large numbers of wealthy and educated people. When people drank their coffee it was seen as sophisticated and only something rich people could afford. Since they only marketed to areas like that they went from having one thousand locations in 1996 to fifteen thousand locations in 2007. Starbucks is now the largest coffee shoppe in the world. They have 22,766 stores in 65 countries and territories. More than 40 million customers visit the Starbucks retail stores every week. They have an array of products. Some products locations sell are hot and cold drinks, whole-been coffee, instant coffee, espresso, different types of teas, mugs, and many other …show more content…
She looked to be about 30-35 years old. She was wearing a nice outfit as if she was on her lunch break from work. At first she looked like she would be a really stern person, but my opinion ended up changing. There were 3 people ahead of her, so I thought she would lose her patience like a bunch of other people who have to wait in a long line to get coffee. When she got up the barista greeted her and said “Hey Shay, how are you today, do you want the regular?”. From this happening I immediately knew she was a regular. The lady said she was going to get a grande cappuccino with no foam. When it came time to pay, she pulled out her phone with what seemed like the Starbucks application and the barista scanned her phone. As she was standing there waiting for her drink, she talked to a bunch of people. This lady seemed like a respectable middle-aged women who was a regular. She was super sweet to everyone who crossed her
The company started its activity in 1971 as small coffee shop located in Seattle specialized in selling whole arabica coffee beans. After being taken over by Howard Schultz in 1982, following a rapid and impressive growth, by mid 2002 the company was the dominant specialty-coffee brand in North America, running about 4,500 stores, 400 international stores and 930 licenses.
Starbucks started out as a small company that only sold coffee grounds. Not all of the different style of beverages that they do today. Starbucks has progressively become better and better. The reason for this is that Howard Schultz has constantly changed the company as the world has changed. For example on December 06, 2011 Starbucks released an app that customers could use on a mobile phone to pay for their drinks at starbucks. Technology in the world is constantly advancing and Starbucks knew that so they adapted to the new changes and made this app. Another example is the new line of drinks Starbucks has come out with, Starbuck 's refreshers beverages, that are not a roasted coffee like every other dark coffee, but it still has the caffeine and other natural qualities that comes from a coffee bean. By doing this it has opened up Starbucks to even more customers because some people hate the taste of
Starbucks Corporation, founded in 1971, is a retailer of specialty coffee. Starbucks retails a variety of drip brewed coffee, espresso-based hot drinks, other hot and cold beverages, complementary food items, coffee-related accessories and equipment, teas, ice cream, and items such as mugs, coffee beans, and music and other non-food products through retail stores in approximately 39 countries worldwide. The company operates primarily in the US. It is headquartered in Seattle, Washington and employs about 150,000 people. Starbucks mission is “To inspire and nurture the human spirit— one person, one cup, and one neighborhood at a time” (www.Starbucks.com). Top management believes in involvement in the activities of the corporation and employees enjoy unsurpassed benefits in the industry. Schultz strongly believes that Employee satisfaction is directly related to customer satisfaction.
The purpose of this marketing research document is to conduct an ethnographic qualitative data analysis on conversations among three different business locations where meetings between people and conversations are likely. The data will be gathered from Starbucks locations which are in a residential area, downtown, and at a mall. From this data, I will make recommendations on how the data could be used as it is only after analyzing qualitative data that the true value emerges since qualitative data analysis is inductive (Hair, 2011).
Starbucks is a #1 specialty coffee retailer in the United States. Worldwide, the company operates about 5,400 coffee shops in a variety of locations (office buildings, shopping centers, airport terminals, supermarkets). Outside of North America, Starbucks has 900 coffeehouses in 22 different markets. The first foreign coffee house was established in 1996 in Tokyo, Japan. By the end of 2001, the company will have approximately 400 stores in Japan, and a total of 815 stores in the Asia Pacific region. Starbucks has 32 stores in Britain, and over the last two years it has opened stores in Austria, Spain and Germany and has plans to expand into Greece and Italy. Stores in southern China and Macau are scheduled to open in late 2002. Starbucks is also exploring opportunities in Latin American, including in the countries of Argentina, Brazil, Chile, Colombia, Mexico, Peru, Puerto Rico and Venezuela.
In today’s retail business market, Starbucks is one of the largest coffee companies in the world. In the early 70s, Starbucks opened their first store in Seattle. Over 30 years later, their company has massively expanded opening over 7,000 stores in the United States and internationally. Starbucks is definitely a favorite in today’s coffee market due to their popularity and success. They view themselves as a business that has premium coffee in the world while striving to maintain consistent success as they grow into the future. Starbucks has also expanded their business by expanding their products through Breyer’s ice cream and having their very own card, which customers can purchase and pre-load.
Starbucks was established in 1971. With over 182,000 full-time employees, operating in over 64 countries around the world, with their highest stock value being $74.23, their stock market valuing $77.87 billion and their annual value of gift card activations being over $925,000,000 (Statistic Brain, 2017). When the store was first established it was a single store in Seattle historic Pike Place Market. The name was, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders (Starbucks Corporation,
Starbuck has entered the coffee market in Malaysia which has gained some market share in the market. In the culture of Malaysia, the people always prefer instant coffee brand with Nestle and others brand. Starbuck has offered the premium coffee to the market that has popular in Malaysia. In Malaysia, Starbucks Coffee company has joint with the Berjaya Group Berhad that has operated by Berjaya Starbucks Coffee Company Sdn Bhd and it has expand more than 140 outlets in January 2012(Starbucks, 2014).
Starbucks, begun as a single store as a roaster and retailer of whole bean and ground coffee, tea and spices in 1971 in Seattle, Washington. As of 29th September 2013, Starbucks has grown to more than 19,000 stores in over 60 countries with approximately 200,000 employees worldwide and $14.9 billion in revenues in fiscal 2013 (Starbucks, 2013; Starbucks, 2014). Starbucks is dedicated to inspiring and nurturing the human spirit. Committed to serving the finest coffee, creating an exceptional customer experience, and being a great place to work. Starbucks call and treat their employees as partners and honored to be acknowledged for their efforts (Starbucks, 2012). Fortune magazine has published a list of the 100 best companies in the United States every year since 1998, Starbucks is rewarded this award ever since the first year, only except the year of 2001(Hinkin & Tracey, 2010; Starbucks, 2012).
Starbucks’ inception began in 1971 in Seattle, Washington, a city that is known for coffee roasting. Since opening its doors to customers in Seattle’s Pike Place Market, the company has managed to open several stores across the nation and internationally. As of June 2015, and because of Starbucks’ mounting success, they have a total of 22,519 stores (“Starbucks,” 2017). Jeremiah 29:11 states, “For I know the thoughts that I think toward you, says the Lord, thoughts of peace and not of evil, to give you a future and a hope (NKJV).” God has a plan for everyone; man was created in His image and His
Starbucks Corporation was formed in 1985. Starbucks Corporation start with purchase and roast the high-quality bean and sell them. Now Starbuck not only provide coffee but also tea and other beverages. The company brand product will be under name of Starbucks, Tazo, Teavana, Starbucks VIA, Starbucks Refreshers, Seattle’s Best Coffee, La Boulange, and Verismo brand . Starbucks Corporation sector now is in restaurant or specialty eateries. On 2013, Starbucks store reach into approximately 10,194 stores and approximately 9,573 licensed stores. Starbucks open in over than 50 countries. Starbucks headquarter is at 2401 Utah Avenue South, Seattle, WA, 98134. Overall Starbucks employees are 182.000.
Despite having small beginnings in Seattle, Starbucks has quickly become a worldwide icon of the growing coffee culture. Some Starbucks locations around the world have even added their own cultures into the drink flavors; one example of this is Japan and their famous spring season Sakura (Cherry Blossom) drink. No matter where I travel, I can always count on the fact that there will always be a Starbucks around the corner ready to supply its loyal consumers with a caffeinated boost. One of the reasons why I choose to do my paper on this topic is because I have many friends who are frequent customers and often pause our Disneyland outings for a Starbucks break. I also picked it because I know very little about Starbucks “lingo” despite the huge
Since the beginning of Starbucks in Seattle, the company has expanded exponentially. Starbucks is today the leading roaster and retailer of specialty coffee in the world, with more than 18,000 stores in 62 countries (Starbucks, 2014).
In 1971, three young entrepreneurs began the Starbucks Corporation in Seattle Washington. Their key goal was to sell whole coffee beans. Soon after, Starbucks began experiencing huge growth, opening five stores all of which had roasting facilities, sold coffee beans and room for local restaurants. In 1987, Howard Schultz bought Starbucks from its original owners for $4 million after expanding Starbucks by opening three coffee bars. These coffee bars were based on an idea that was originally proposed to the owner who recruited him into the corporation as manager of retail and marketing. Overall, Schultz strategy for Starbucks was to grow slow. Starbucks went on to suffer financial losses and overhead operating expenses rose as Starbucks continued its slow expansion process. Despite the initial financial troubles, Starbucks went on to expand to 870 stores by 1996. Sales increased 84%, which brought the corporation out of debt. With the growing success, Starbucks planned to open 2000 stores by year 2000.
It started out as a single store in Seattle, Washington in 1971 with three people Jerry Baldwin, Gordon Bowker and Zev Siegel. The name they chose for the shop was Starbucks coffee, Tea and Spice and was located in Pikes Place Market. Initially they did not sell fresh brewed coffee by the cup, but was only used as tasting samples, but later bough their own roster and started making their own blends. They initially sold specialty coffees and tea. Howard Schultz bought the company in 1987 he took it in a new direction brewing espresso drinks under the Starbucks name. By 1989 Starbucks had 28 stores. A new executive vice president of sales and marketing joined the mix Howard Behar. He is considered as the sole of the Starbuck. He planted the seeds of global expansion so he became the first president of Starbucks international in 1995. Now they are the largest coffeehouse chain in the world operating in 55 countries with more than 17,572 stores and 151,000 employees.