The Starbucks Company: A Balance between Productivity and Social Integrity

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Name of Company: • The name of my company is Starbucks. Company History: • Starbucks Coffee Company was founded in 1971. Starbucks Corporation was formed in 1985. • Its first location was in Seattle’s Pike Place Market. Today there are more than 19,000 retail stores in over 60 countries. • Starbucks Coffee Company was founded by Jerry Baldwin, Zev Siegl and Gordon Bowker. • The purpose of Starbucks is to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time. (Starbucks, 2014). Starbucks Company has a great balance between productivity and social integrity. Product: • In addition to quality coffee, Starbucks features a variety of hand-crafted beverages, teas, waters, pastries, sandwiches and salads. Starbuck also has espresso machines and coffee brewers in their retail stores. Starbucks also provides customer with novelty items. Target Market: • Many of the locations are located in the cities to target the educated, career oriented consumers. Starbucks’ target primary market is men and women aged 25 to 40 which make up 49%, then young adults age 18 to 24 are 40% and kids and teens, age 13 to 17 are 2% of the market. Why would your target market want to buy your product: • Adults buy our product because of the design, advertising and décor of the business and the premium products. Young adults in college like to study, hang out, and meet people. Kids and teens like to indulge in the sugary, whipped cream coffee drinks. What benefit will they derive from buying your product: • The benefit that the target market will derive from buying our product is the quality of our products that they can receive at home, in stores and on the go. They will be receiving the highest quality of whole be... ... middle of paper ... ...tarbucks Pushing Prices Too High? Business Week Online. Retrieved March 30, 2014, from www.businessweek.com/bwdaily/dnflash/content/jul2007/ Starbucks Coffee Company (2014). Retrieved March 29, 3014, from http://www.starbucks.com/aboutus/overview.asp Starbucks Corporation. (2014). Retrieved April 1, 2014, from http://www. investor.reuters.com/data/files/Company.pdf SWOT Analysis. (2006) Ewing Marion Kauffman Foundation. Retrieved April 1, 2014, from http://eventuring.kauffman.org/eShip/appmanager/eVenturing.com/ Wikinvest (2008). Starbucks (SBUX). Retrieved May 27, 2008, from www.wikinvest.com/stock/Starbucks (SBUX) - 154k Yahoo Finance. (2008). Starbucks Reports Second Quarter Fiscal 2008 Results and Announces Long-term Financial Targets for 2009 to 2011. Retrieved June 11, 2008, from http://bizyahoo.com/bw/08430/2008043006365.html

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