MKTG410-001 Case Study 2: Starbucks: Forbidden in the Forbidden City Submission Date: 3/2/2015 BB202121‚ CHAU HONG CHON‚ Eric BB201531‚ CHEN CHAOHUA‚ Cherish BB102089‚ LO CHENG MAN‚ Karina 1. Why is China‚ traditionally a non-coffee drinking culture‚ an important market for Starbucks? China contains large number of population. For Beijing’s Forbidden City‚ which is China’s top tourists attraction‚ as a destination of choice for both Chinese and foreign visitors‚ hosts millions of visitors
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Stabucks Starbucks which from small businesses to todays global cafe‚ has managed to become one of the best coffee chain and suppliers in the world. As early as in 1971‚ three friends (Jerry‚ ZEV and Gordon) sell fresh coffee beans and accessories in Seattle are the idea of passion. Things started to change; Schultz wanted to sit environment friendly coffee service development the business. Schultz provides coffee spread the idea of sitting together in a culture‚ and since that time‚ Starbucks is in
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Starbuck ’s Strategy and Internal Initiatives to Return to Profitable Growth Table of Contents 1. EXECUTIVE SUMMARY Starbucks is the premier roaster‚ marketer and retailer of specialty coffee in the world‚ operating in more than 50 countries. Since its founding in 1987 as a modest nine-store operation in Seattle‚ Washington‚ Starbucks had become the world ’s premier roaster and retailer of specialty coffees‚ with 8‚812 company owned stores and 7‚852 licensed stores
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current issues facing China’s environmental problems: 1) China is on a growth path where energy consumption will grow rapidly. Securing energy source is an utmost important task. Currently‚ world consumption of coal is on the raise in absolute terms due to it’s low cost and availability. China will likely grow it’s consumption of coal (from xx to what yy level) between 201x to 20xx. CO2 emission from power plants will increase from xx billion tons to xx billion tons. This will put China in a course
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2. SWOT ANALYSIS Strengths Brand Image: Starbucks is amongst one of the very few companies that have managed to successfully create market awareness and stir up consumer interest in specialty coffee while at the same time preserving brand dominance. Its focus on consistency in delivering positive consumer experience stresses the point about consumer visits to its cafes being an ‘Experience’ rather than just seeing it as another coffee maker (workforce.com). Unique Strategy: The Ability to capture
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STARBUCKS’ FDI Thirty years ago Starbuck was a single store in Seattle’s Pike Place Market selling premium roasted coffee. Today it is a global roaster and retailer of coffee with over 8400 stores‚ more than 2000 of which are to be found in 31 foreign countries. Starbuck corporation set out on its current course in the 1980s when the company’s director of marketing‚ Howard Schultz‚ came back from a trip to Italy enchanted with the Italian coffeehouse experience. Schultz‚ who later became CEO‚ persuaded
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Starbucks is confronting decreasing sales and intensified competition in the coffee industry. The competition in the coffee industry has been intensified in recent years. Starbucks is providing people with special experiences instead of just a cup of coffee. This well established brand image of Starbucks has been playing an important role to maintain its position as a leader in the coffee industry. Therefore‚ in order to overcome the problems that Starbucks is facing‚ it should focus on enhancing
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Starbucks--Going Global Fast 1. Identify the controllable and uncontrollable elements that Starbucks has encountered in entering global marketing. One controllable element that Starbucks has encountered in entering global marketing was the pricing of coffee in Italy‚ because it is said by Italian purists that Italian coffee is way cheaper than U.S. java. Also‚ Americans pay for $1.50 for an espresso‚ but the Italians in north and south pay 67 cents and 55 cents respectively. First uncontrollable
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1. EXEXUTIVE SUMAMRY In 1971‚ three young entrepreneurs began the Starbucks Corporation in Seattle Washington. Their key goal was to sell whole coffee beans. Soon after‚ Starbucks began experiencing huge growth‚ opening five stores all of which had roasting facilities‚ sold coffee beans and room for local restaurants. In 1987‚ Howard Schultz bought Starbucks from its original owners for $4 million after expanding Starbucks by opening three coffee bars. From the original strategic vision of offering
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Starbucks Paige Weaver Professor Eissa MGMT 3013 June 26‚ 2013 Ch. 2 1. Describe the history of your company and its expansion. The first Starbucks was opened in Seattle‚ Washington by Gordon Bowker‚ Jerry Baldwin‚ and Zev Siegl who built the first store basically by hand and was built in Seattle’s Pike Place Market. The trio raised money themselves totaling $6‚350. They came up with the name Starbucks because they thought that the “st” sound was catchy. They then designed their logo
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