Preview

Keurig

Powerful Essays
Open Document
Open Document
3405 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Keurig
Brewing excellence, One cup at a time.
Keurig in Dutch means excellence. It is the leading single cup brewing system in North America. The U.S. annual per capita consumption of coffee was estimated to be 424 servings, which included in-home and out-of-home roast and ground, instant, and ready-to-drink
(bottled/canned) coffee.2
The total coffee market in 2008 was estimated to be 1.8 billion pounds, or $19.3 billion. 3

While specialty coffee was only about 17 percent of total domestic coffee consumption by volume, the sector had grown to over half the value of the U.S. coffee industry. 5
The specialty coffee market was estimated to be worth
$11 billion annually.

Specialty coffee consumption had increased over 48 percent in the United States from 2001 to 2006.

Keurig was a technology company in the coffee industry. Keurig brewers represented a fusion of technology and design. To maintain and enhance its position as a leader in the gourmet single-cup market, Keurig invested significant resources and capital in engineering and research and development. This led to a strong and growing portfolio
Keurig’s integrated engineering team drove fast and innovative product development in all three areas that supported Keurig’s of market-leading, proprietary technology. single-cup system: brewers, portion packs, and high-speed packaging lines that manufactured the portion packs. Keurig’s integrated approach to new product development has resulted in accelerated new product launches since 2004.

History of Keurig Keurig was started in 1992 by Ian Greenwood and Peter Dragone with the belief that the coffee should always be served fresh, at home or at the office. The concept of coffee house taste by the cup was unique and new to the market.
Ian Greenwood attained the idea of brewing coffee with which he approached, Peter Dragone, a Harvard business school pass out and with an established background in the food

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Keurig Green Mountain Coffee Company's values are; "We brew a better world-We use the power of business to make the world a better place." It's mission is "A Keurig® brewer on every counter and a beverage for every occasion." Having a Keurig coffee brewer on ever counter is a frightening proposition for the Keurig machine's inventor and a number of users that have woke up and asked where do all the individual serving K-Cups go after their thirty seconds of use are up. The Keurig machines inventor, John Sylvan has been quoted by The Atlantic magazine “I feel bad sometimes that I ever did it.”…

    • 658 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    I believe the key to future success for Keurig is differentiating their product; promoting the concept that no other coffee is as fresh. This is essential as other companies begin to tap into this market. For example, Starbucks has an agreement with Green Mountain Coffee Roasters to sell their coffee in the K-cups; however Starbucks has also recently released the Verismo Single-Cup Home Brewer. This is a high pressure system that provides the Starbucks quality coffee in a single…

    • 414 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Keurig’s mission statement is “to be a leader in the specialty coffee industry by selling high-quality coffee and innovative coffee brewing systems that consistently provide a superior coffee experience.” The company credits its success to its ability to execute and innovate in the marketplace. Bob Siller, GMCR’s founder and chairman of the board, describes Keurig as a “technology company dedicated to continuous innovation and improvement of single-cup brewers that truly change the way coffee is consumed.”…

    • 972 Words
    • 4 Pages
    Good Essays
  • Better Essays

    busn 412 week 6 assignment

    • 1423 Words
    • 6 Pages

    “PURPOSE: We create the ultimate beverage experience in every life we touch from source to cup – transforming the way the world understands business. Our MISSION: A Keurig® brewer on every counter and a beverage for every occasion. Our VALUES: We partner for mutual success. Our boundary less approach to collaboration creates benefits for all.” (www.keuriggreenmountain.com)…

    • 1423 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Keurig Research Paper

    • 743 Words
    • 3 Pages

    Ever since its invention release back in 1990, the Keurig has slowly been finding its way into more and more homes. This is due to many factors about the invention. The Keurig has the ability of making exactly one cup of coffee in the size wanted, at a much faster time than traditional methods. Even if you are not looking for one cup, the Keurig can brew a whole pot of coffee in record time. It can also make many more drinks as well, not just coffee. With these ideals and how easy it is to use, who wouldn’t want a Keurig in their home.…

    • 743 Words
    • 3 Pages
    Good Essays
  • Best Essays

    * Nancy F.Kohen, Marya Besharov, Katherine Miller. (2008). Starbucks coffee company in 21st century. Available: Harvard digital library. Last accessed 30 September 2011.…

    • 4211 Words
    • 17 Pages
    Best Essays
  • Powerful Essays

    Keurig case

    • 4582 Words
    • 15 Pages

    In 1990, John Sylvan and Peter Dragone entered the coffee brewing industry by launching their company Keurig built upon on the question of, “why do we brew coffee by the pot when we only drink it by the cup?” Within a few years after their start-up, they were able to secure multiple patents as well as acquiring $1 million from venture capitalists to improve upon their prototype. By 1998, Keurig, which is German for excellence, was finally able to launch their first industrial strength, single-serve machine delivering a perfect cup of coffee every time. Keurig was lucky to join the coffee market at the dawn of its explosion, when consumers’ wants and needs began to shy away from traditional coffee pot brewing and shifted more towards a single cup of premium, gourmet roasted coffee.…

    • 4582 Words
    • 15 Pages
    Powerful Essays
  • Better Essays

    Keurig History

    • 1233 Words
    • 5 Pages

    (www.gmcr.com) was founded by Bob Stiller in 1980 when he got a cup of coffee in Waitsfield, Vermont. It was incorporated in 1981. Originally a small café in Waitsfield, the company would eventually invest in Keurig in 1993. At the same time the company had gone public where Green Mountain would change the way coffee at home and at work was made. It was where the Keurig Single Cup Brewing System would take off. Keurig is well-known as a lead innovator in specialty coffee and coffee makers where its brewing technology and award-winning coffee is in the top ranks with others like Starbucks, Peet’s Coffee, and Coffee Bean. In order to stay strong with other brands and competitors, Keurig has distribution agreements with Dunkin Donuts, Folgers, Newman’s Own, and many others. Green Mountain was named the largest purchaser of Fair Trade Certified coffee in the world in 2010. It helps to make more environmental and social projects…

    • 1233 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Before investing time, money, and resources into new product development, every company must fully understand the existing market competition. Analyzing competitors in depth will help a company determine future potential success of the new product segment. Though Keurig is the industry leader in coffeemakers and coffee portions, they too experience factors affecting supply and demand. In addition, Keurig often sees many attempts to compete with their product. However, it is important to note that even the competition has great potential. The critical points of researching the current market include knowledge of any issues that may affect long-term profitability as well as how the company can compete in the market. With successful research and analysis, the company can consider ways in which they can maximize their success and profit-making potential in their new market.…

    • 2120 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Caco Coffee Case Study

    • 3741 Words
    • 15 Pages

    Funding is one of the biggest obstacles in starting any company. Venture capital investors (VC’s) are the traditional funding resource and it helps to understand what attracts them in new companies. Traditionally, VCs loved “pure tech" companies, which were not complex enterprises -- think three guys in a garage developing an extensible software product -- where not much could go wrong.…

    • 3741 Words
    • 15 Pages
    Powerful Essays
  • Satisfactory Essays

    Interestingly, Keurig is a perfect example of holism. As Jackson (2006) describes, holism not only crosses organizational levels of structure, processes and systems, but also societal and world levels. In the beginning, Keurig incorporated smart processes of linking their products to work together, i.e. the brewer and the coffee pod. On a structural level, they reached across organizational lines to partner with competitors such as Starbucks and Dunkin Donuts to manufacture their coffee into the K-cup pods. Finally, on a political level, they were into green processes and environmental issues from their humble beginnings, supporting and giving back to the coffee farmers and their substandard living conditions in the tropics, as well as recycling…

    • 137 Words
    • 1 Page
    Satisfactory Essays
  • Best Essays

    When a small sign was hung on a little cafe in Waitsfield, Vermont in 1981, nobody would have imagined that Green Mountain Coffee Roasters [GMCR] would become one of the world's leading specialty coffee makers. Through hard work, "Demand quickly grew beyond the walls of the café," and many other local companies requested GMCR coffee to offer their customers (GMCR, Company Overview, 2009, p. 1). Today, GMCR "is recognized as a leader in the specialty coffee industry for its award-winning coffees, innovative brewing technology and socially responsible business practices" (GMCR, The Story of Green Mountain, 2009, p. 1). Reaching this point, however, was not easy and forced GMCR to master their marketing strategies in order to survive the competition.…

    • 4200 Words
    • 17 Pages
    Best Essays
  • Good Essays

    Mgt/230 Week 3

    • 867 Words
    • 4 Pages

    Billions of people across the globe choose to have a cup of coffee each morning to start the day or as a morning work break but coffee has become more than just a drink. Coffee has become an ingrained part of various cultures and coffee shops can be found in most every city around the world. It is little wonder that coffee ranks among the world’s largest commodity markets second only to oil ("Dangerous Grounds: About the Show", 2013). Given diversity and competition in the market, the small startup company of Custom Coffee & Chocolate will require a clear mission statement, detailed business analysis, and tactical plans that will help it to increase market share within the Seattle community.…

    • 867 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Keurig should launch the Keurig-Cup in the at-home market and continue to use the K-Cup in the commercial market. The reasons of separating these two series are listed as follows:…

    • 2037 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    The Coffee Cup is a beverage retailer, which has applied a method that is not very known to the beverage and food industry. The Coffee Cup will give its customers the opportunity to drive through and order their choice of beverage or food that will be freshly made and customized in a very simple, convenient and time efficient manor. It will definitely have a comparative advantage in comparison to gas stations & institutionalised fast food chains.…

    • 4813 Words
    • 20 Pages
    Powerful Essays