company signed on its first spokesperson, runner Steve Prefontaine, in 1973. Prefontaine’s irreverent attitude matched Nike’s spirit. Marketing campaigns featuring winning athletes made sense. Nike saw a `pyramid of influence’’ – it saw that product and brand choices are influenced by the preferences and behavior of a small percentage of top athletes. Using professional athletes in its advertising campaigns was both efficient and effective for Nike. In 1985, Nike signed up then-rookie guard Michael Jordan
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there are the college students who only drink coffee the night before a paper is due. Either way, most people will have a preference on which brand of coffee they purchase. In most cases it is an ongoing war between the cheaper product of Dunkin Donuts and the fine quality but expensive drinks Starbucks has to offer. What steps has Starbucks taken to brand their product and to implement the four P’s into becoming a successfully industry. Starbucks originated from Seattle and the first store opened
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Within the speciality coffee industry there are many companies. Some of Starbucks competitors include 7-Eleven, Dunkin Donuts, Caribou Coffee and McDonalds which are all USA based. In the UK Starbucks main competitors would be Costa Coffee, Café Nero and McDonalds. On top of these big competitors there are countless small independently owned coffee shops. Competitors like 7-Eleven, Dunkin Donuts and McDonalds offer coffee at relatively low prices. These chains simply just sell coffee to customers who
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B. Aggregate Market • Consumers who need quality coffee worldwide C. Participating Market • Worldwide coffee shops 2. Market Environment A. Industry Environment • Industry made about $25 billion in revenues • Major competitors include Dunkin’ Donuts, Caribou Coffee, and Panera Bread Company • The specialty eatery industry is fragmented with the top 50 firms make up about 45% of the industry • Market share 1.8% globally and 11.8% domestically, and about $11.7 billion in revenues in 2011
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mugs and tumblers. Starbucks Evenings locations also offer a variety of beers, wines, and appetizers after 4pm. Through the Starbucks Entertainment division and Hear Music brand, the company also markets books, music, and film. Many of the company's products are seasonal or specific to the locality of the store. Starbucks-brand ice cream and coffee are also offered at grocery stores. StarbucksCompanyProfile Where are they located? Transcontinental (Europe and Asia) Africa South America Oceania
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Starbucks 5 forces model Starbucks is a U.S. based multi-national, which in addition to its flagship Starbucks brand, also has Tazo Tea, Seattle's Best Coffee, Starbucks VIA Ready Brew, and the Versimo System by Starbucks as part of its portfolio. The flagship, "Starbucks" primarily provides high quality coffee beverages with lesser revenues being generated from its bakery items. The corporation almost exclusively owns all of it U.S. based restaurants instead of expanding through franchising
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Bargaining power of suppliers * Bargaining power of buyers (customers) * Threat of substitute products * Competitive rivalry Starbucks have the real threat of competitive rivalry by competing with some major competitors like McDonalds, Dunkin Donuts, Costa and other small coffee shops and cafes. With competitor’s low prices and the opportunity to break into the speciality coffee market pose a real risk to Starbuck’s. Substitute products such as tea, juices, water and energy drinks pose a
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Originally Starbucks only sold coffee beans and ground coffee and later on came up with prepared coffee, Italian-style expresso beverages, cold blended drinks, food items, premium-teas, and beverage-related accessories and equipment. However, as the brand moved into new markets because of its aggressive growth strategy, its activities in the retail coffee shops were weakened and this made it more vulnerable to competitive threats from both higher as well as lower quality entrants. Therefore, it had
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STARBUCKS By Patricia L. Boyd BA 2430 International Management Professor Jeff Walls January 30, 2011 Summary Three Seattle entrepreneurs started the Starbucks Corporation in 1971. Their prime product was the selling of whole bean coffee in one Seattle store. By 1982, this business had grown tremendously into five stores selling the coffee beans, a roasting facility, and a wholesale business for local restaurants. Howard Schultz, a marketer, was recruited to be the manager of retail and marketing
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trade name; and Perf Restaurants, Inc., which franchises restaurants under the "Burger King" trademark in the Philippines. JFC also has subsidiaries and affiliates overseas which develop and operate its international brands, "Yonghe King", "Hong Zhuang Yuan", "San Pin Wang" brands under the Superfoods Group, and “12 Hotpot”. The company has also embarked on an aggressive international expansion plan, and currently has 80 stores outside the Philippines-USA (26), Vietnam (32), Brunei (11), Jeddah
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