Foresight Exercise - W1 Assignment Company nominated: Starbucks Corporation (Starbucks) Outline what the Probable scenario might be in 3-5 years time. Then consider if you could predict the future by creating it; what would be the Preferred scenario? Outline what the gap between the two scenarios are and outline some strategies that could be used to bring the Probable outlook closer to your Preferred outlook, thereby gaining competitive advantage. The business environment is the internal and
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13 The main criteria for evaluating market segments2.3.1 20 2.3.2Market segmentation includes: 21 Adults 24 Young Adults 24 Kids and Teens 25 A Connected Customer Experience 26 Starbucks Rewards Card 27 The Finest Coffee Beans 27 Porter's Generic Strategies 27 Starbucks Pricing Strategy 28 Untapped Markets 36 Favorable Business Climate 37 Business Rejuvenation 37 Product Flexibility 37 Less Competition 37 Protection From National Trends
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Starbucks has been opening its doors to millions of people for coffee, but it is more than the overpriced coffee that brings people in day after day. Starbucks offers a unique ambiance, friendly and helpful baristas to assist customers in any concerns they might have with the coffee or service. People buy Starbucks for what it represents and the status symbol that comes along with it. What makes Starbucks unique from its competitors and how does its marketing strategy tick? Background
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International Operations Synopsis In 1971 Jerry Baldwin, Zev Siegl, and Gordon Bowker started a coffee bean retailer store named Starbucks and sold specialty whole-bean coffee in Seattle, WA. Ten years later they had increased to their stores to five, they had also opened a small roasting facility. A man with the last name Schultz was so impressed by the Starbucks Company and he was offered a job as their marketing manager. The turning point of the company came when Shultz returned from a housewares
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Starbucks is well known as the largest coffee shop chain in the world. It was founded in 1971 in Seattle, Washington by Gordon Bowker, Jerry Baldwin and Zev Siegl. Shortly, The company had made it expansion from coffee bean marketer to sales to restaurants and coffee bars. It went public in 1992 and by 2007 they had about 115,000 employees and sales of $9.412 billion. They have over over 16800 stores in 50 countries based on US, Canada and UK. However, their market capitalization had decreased from
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Current market situation (SWOT) Strengths * Successfully promoted Blonde Roast in Canada along with the “Name Your Blend” promotion (Maloney, 2013) * Customers proven to be loyal to starbucks through Loyalty programs, with a majority of 63% saying they would return just for the rewards program (Horn, 2013) * Digital storefront promotion for teas proved to be successful (Laird, 2011) * Partnership with evergreen encourages Canadians to “go green” (Starbucks Encourages Canadians to Pledge
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------------------------------------------------- BBUI402: Principles of MarketingModule Lecturer: Prassanna Pathmanathan | Tutorial | 2 | Tutorial Name | Starbucks Coffee - Case Study | STUDENT ID | STUDENT NAME | 2011127 | Dinali Cooray | 1. Coffee has become popular in UK because flavoursome coffee is within their reach rather than the grey unappealing liquid like before. 2. The facts that would influence my choice of coffee bar are based on the : * Affordable prices * Location
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Business plan 1 Executive Summary Coffee and western-style food grown up in 1990s in China. With the rapid development of China's urbanization, more and more managers, businessmen and students through the way of drinking coffee to reduce stress. For example, however, the average of coffee consumption in Shanghai is just 20 cups per person per year. Comparing with Japan and Europeans, per person almost consume per cup per day. Cheers Coffee Bar is formed as personage in Xiasha in Hangzhou
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Starbucks Case Analysis | June 30 2013 | Crafting &Executing Strategy | | Class: Advanced Finance 53A Instructor: Dr. Deane Pham, MBA, Ph.D. Group 3: 1. Le Van Manh 2. Le Bao Long 3. Tran Thi Minh Phuc 4. Pham Thi Phuong Thao 5. Nguyen Minh Thu 6. Pham Ngoc Mai 7. Le Pham Nhat Linh 8. Le The Vinh Content | | Executive Analysis……………………………………………………………………………. | 2 | Case Analysis………………………………………………………………………………….. | 3 | Vision……………………………………………………………………………………… | 3 |
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Starbucks is a international store of coffee. Its business operation is all over the world. Therefore, we choose two counties, U.S.A. and Taiwan to explore Starbucks’ business operation and its marketing development issue. During the project, we would like to discuss about Starbucks their product marketing development and quality control management. For the product marketing development, we would like to through the questionnaire to know about what the customer’s preferences in the Starbucks coffee
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