A SWOT analysis as a TOWS Matrix will be used. 1.2. Scope of the Report The report will be covering the Starbucks Coffee Company which includes Starbucks Coffee Europe and Starbucks Coffee International. 2. Executive Summary Starbucks is the leader in the coffee retailing market‚ with purchasing and roasting top quality coffee beans. It has created a well respected brand with a dynamic image. The top quality coffee it offers‚ contributes to the “Starbucks Experience” that makes the
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Competitive Analysis 06 3.1 Second Cup 06 3.2 Timothy’s 08 3.3 The Symposium Cafe 09 3.4 Tim Hortons 10 4.0 Competition in Canada 10 4.1 Direct Competition 10 4.2 Indirect Competition 11 5.0 Starbuck’s Current Positioning 13 5.1 Retail Positioning Matrix 13 6.0 Strengths and Weaknesses 14 6.1 Strengths 14 6.2 Weaknesses 15 7.0 External Factors 16 7.1 Political / Legal 16 7.2 Socio - Cultural 16 7.3 Economic 16 7.4 Demographic 17 8.0 Internal Factors 17 9.0 Future Outlook 18 9.1 Financial Summary
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Ansoff Matrix Ansoff’s Matrix: A method by which businesses can classify their strategies for expansion. It includes; Market Penetration‚ Product Development‚ Market Development and Diversification. Market penetration Market penetration is the name given to a growth strategy where the business focuses on selling existing products into existing markets. Market penetration seeks to achieve four main objectives: • Maintain or increase the market share of current products – this can be achieved
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Starbucks Case Analysis Question 1: Identify controllable and uncontrollable elements that Starbucks has encountered in entering global markets. Controllable elements are the elements that can be changed in the long run‚ and usually‚ in the short run to adjust to changing market conditions‚ consumer tastes‚ or corporate objectives. Therefore‚ the controllable elements that Starbucks has encountered in entering global markets were: price of the products- cheaper products in Italy products-
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process the business entails is that Starbucks employees are hired due to the enjoyment of them drinking coffee & motivated by buy-in options. Job specifications the employees had to love to drink coffee‚ enjoy brewing coffee while serving consumers giving friendly service‚ the ability to suggest ideas to help improve the business. When the employees’ ideas were accepted‚ Starbucks’ rewarded their employees. The form of departmentalization that Starbucks should use is the departmentalization
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from classic novel about whaling industry. Howard Schultz is the man behind this occurrence‚ that claims 7‚ 521 company owned‚ 5‚647 licensed stores in 41 countries. SBUX or Starbucks as we all know. Acquisition of 65 Seattle coffee company in 1998 made it possible for Starbucks to enter UK market Mission statement of Starbucks “To inspire and nurture the human spirit – one person‚ one cup and one neighbourhood at a time.” To grow SBUX invested in human resources‚ technology – to give hi-fi and
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The Starbucks Corporation was founded by three entrepreneurs at the place called Seattle in 1971. Initially they were selling of whole bean coffee in one Seattle store and by the year 1982 the business had grown tremendously and has opened five stores selling the coffee beans‚ a roasting facility‚ and a wholesale business for local restaurants. When the Starbucks started its business it was only a small retail coffee shop as like the other coffee shops. The main vision of the Starbucks owners
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Introduction The first Starbucks store was set up in 1971 by three individuals who had a common liking for coffee and exotic teas- Jerry Baldwin‚ History teacher Zev Seigel and writer Gordon Bowker. The store was named Starbucks Coffee‚ Tea and Spice in the tourist’s Pikes Place Market in Seattle. However‚ later the name was changed to Starbucks Coffee Company. The logo was designed to be a two tailed mermaid encircled by the store’s name. The name was inspired from the coffee loving character
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3. The Ansoff Matrix Ansoff (1957) designed a framework called Ansoff Matrix. This strategy helps identifying corporate growth opportunities‚ also analysing companies based on market‚ product with possible growth opportunities which can be established by merging current and new products. Ansoff identifies four generic growth strategies‚ these are: 1. Market Penetration – tool used to increase organisations share in the market with its current product line. 2. Market development
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(is the way the product are displayed in a store‚ to attract & encourage sell & sometimes impulse buying) On eye level: à hauteur des yeux On eye level shelves: des étagères à haut des yeux At end of aisles: tête de girandoles Marketing Study/ Marketing Research Advertising: I Will choose the appropriate medias (TV or magazines)‚ Point of sale
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