Starbucks is a leading company and a niche in the coffee business, especially popular in the United States, Canada and Japan. Since inception in 1985, its growth has been attributed to its national and global expansion strategies, innovative product development and increasing sales in current markets (Starbucks Corporation, 2009, p.1). According to the 2009 annual report (Starbucks Corporation, 2009, p.2), the company’s 16,635 stores in over 50 countries generated $9.8 billion in revenue, a figure
Words: 1753 - Pages: 8
catering service for Starbucks is a different and exciting avenue the company will be taking to expand their products and services to their customers. The attributes of these services differ from Starbucks other service. This overview will look at the different attributes of the product along with the life cycle of the new services provided. Starbucks has already differentiated its products in the market as some of the finest atmosphere oriented coffees on the market. Starbucks will employ, differentiate
Words: 1792 - Pages: 8
STARBUCKS History Since 1971, Starbucks has been growing dramatically. 17,651 stores opened in 41 years. These are some important dates taken from www.starbucks.com . 1971 Starbucks opens first store in Seattle’s Pike Place Market 1987 Giornale changes its name to Starbucks and opens stores in Chicago and Vancouver, Canada. Total stores*: 17 1992 Completes initial public offering (IPO), with common stock being traded on the
Words: 523 - Pages: 3
International Coffee agreement that set limits of coffee exported could have a major impact on Starbucks operations. Furthermore, political stability in coffee producing regions like Zimbabwe will have huge impact on Starbucks operations as farmers can be able to concentrate on producing quality coffee beans. Economical High inflation rates in the countries where Starbucks have established presence might result to low sales as potential customers might not afford to regularly buy coffee. Since Starbucks
Words: 387 - Pages: 2
factors accounted for the extra-ordinary success of Starbucks in the early 1990s? 1. by 1992 Starbucks had 140 stores and was competing against small scale coffee 2. Starbucks went public in 1992 which helped them raise 25 million, allowing expansions to continue. 3. Almost no spending in marketing 4. Controlled supply chain – enforcing standard quality 5. Focused on service and the partners 6. Created ambiences with universal appeal 7. Company operated stores, not franchises which usually lack
Words: 2285 - Pages: 10
Starbucks - Segmentation and Target Market Paper MKT 571 March 11, 2014 Starbucks - Segmentation and Target Market Paper Company History Starbucks Corporation is the largest coffeehouse company in the world. Offering the world’s finest fresh-roasted whole bean coffees, this global American company’s history began with the opening of a single store in Seattle Washington’s Historic Pike Place Market in 1971 (Starbucks Corporation, 2014). Inspired by a roasting entrepreneur Alfred Peet, the
Words: 1011 - Pages: 5
Introduction Starbucks is a coffee company based in Seattle Washington. It was founded in 1971 by three entrepreneurs, based on the idea of selling coffee beans. After substantial growth, they decided to open five stores with roasting facilities and start selling coffee beans to local restaurants. In 1987 the company was sold to Howard Schultz for $4 million, who saw a different future for the company after expanding it to 3 more stores. The company suffered a financial crisis due
Words: 855 - Pages: 4
Starbucks’ Mission Statement Establish Starbucks as the premier purveyor of the finest coffee in the world while maintaining our uncompromising principles while we grow. The following six guiding principles will help us measure the appropriateness of our decisions: • Provide a great work environment and treat each other with respect and dignity. • Embrace diversity as an essential component in the way we do business. • Apply the highest standards of excellence to the purchasing, roasting and
Words: 1588 - Pages: 7
Introduction Starbucks Corporation is an American global coffee company and coffeehouse chain based in Seattle, Washington. Starbucks is the largest coffeehouse company in the world, with 20,891 stores in 62 countries, including 13,279 in the United States, 1,324 in Canada, 989 in Japan, 851 in China, 806 in the United Kingdom, 556 in South Korea, 377 in Mexico, 291 in Taiwan, 206 in the Philippines, 171 in Thailand and 10 in India. Starbucks locations serve hot and cold beverages, whole-bean coffee, microground
Words: 1138 - Pages: 5
STARBUCKSFINANAL 1 STARBUCKS FINANCIAL ANALYSIS Cathy Jo Biddinger Dr. Professor Dana Leland Financial Management March 15, 2013 STARBUCKSFINANAL 2 STARBUCKS FINANCIAL ANALYSIS Searching for a multinational company to invest in there are many factors to consider. While doing research for a company and after much consideration and searching, I have chosen Starbucks Coffee Company. Starbucks is a publically traded company and as a financial analyst and after
Words: 2903 - Pages: 12
