CT0190745 Ranked 88th top brand in the world in 2012‚ and 91st in 2013 (Interbrand‚ 2013)‚ Starbucks has come a long way from being a tiny shop selling an assortment of coffee beans and distributing coffee samples‚ to becoming a top global brand. Hence why we have picked Starbucks to be our chosen brand for this group assignment. The History and Background of Starbucks Starbucks first opened its doors in 1971‚ in Pike Place‚ Seattle‚ Washington by owners Jerry Baldwin‚ Zev Siegl
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Starbucks Goes “Glocal”: An Investigation of Starbucks’ Global Strategy The Starbucks Corporation is a roaster‚ marketer‚ and retailer of specialty coffee throughout the world‚ currently operating in more than 50 countries today (“Our Starbucks Mission”). Starbucks represents one of the most recognizable logos and companies across the globe today‚ continually expanding and diversifying their unique operations. The first Starbucks opened in Seattle‚ Washington in 1971 and since 1987 Starbucks has
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Starbucks Case Study Arenas Product: Coffee drinks; paraphernalia for the preparation of coffee; breakfast menu(some locations); Frappuccino; Ice cream Market: A high income segment of young and college educated adults; a group that tends towards higher luxury consumption levels Geography: Globally Core Technology: Marketing and Branding; Standardization of product Value of Creation: Strict quality controls in its coffee sourcing and customer service; Free Wi-Fi; cozy atmosphere; rich taste
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Starbucks’ Strategic Planning Using SWOTT Analysis "Mirror‚ mirror‚ on the wall‚ who’s the fairest of them all?" The Queen in Snow White. Beauty is only skin deep‚ companies must also look within to secure longevity. Before a company can successfully bring a mission statement and vision to fruition‚ they must take a good hard look into the mirror. A company must reflect upon internal strengths and weaknesses‚ external opportunities and threats‚ and consider the trends associated with each (SWOT
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Real Choices at Starbucks Starbucks started as small coffee shop in a tourist area called Pikes Place Market in Seattle. The three unknown pioneer of Starbucks wanted to share their passion for brewed coffee and tea. During their first year in the business‚ they experimented with all sorts of coffee blend until they came up with their own flavor. Their business became an instant success using the word of mouth selling brewed coffee cup by cup. This is what inspired them to open a second store
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Starbucks Marketing Mix � PAGE * MERGEFORMAT �1� Starbucks Marketing Mix Successful organizations understand the importance of a strong marketing strategy to satisfy customers and sustain growth. Making the right decisions depends on several variables. The purpose of this paper is to describe the four elements of marketing mix and share how Starbucks has implemented an effective and powerful marketing strategy to become the world ’s largest coffeehouse chain. MARKETING MIX DEFINED A marketing
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INTRODUCTION Starbucks Coffee Company was founded in Seattle in 1971‚ Pike Place Market by Jerry Baldwin‚ Gordon Bowker and Zev Siegl‚ with a vision to educate the consumers about fine coffees. Starbucks began to expand when Howard Schults took it over in 1987. Since then‚ Starbucks grew from a small‚ regional business into the undisputed leader in the specialty coffee industry‚ and privileged to connect with millions of customer every day with 18‚000 retail in 60 countries 2. STARBUCKS MACRO ENVIRONMENTAL
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affected by many different factors. From their first store in Seattle‚ WA Starbucks learned that customers wanted a place to sit down and have a cup of coffee‚ while other customers wanted to get coffee quickly by utilizing a drive-thru. Both of these options have been added to appeal to a larger customer base. When Howard Schultz first entered the Starbucks business‚ he was struck by the philosophy of Starbucks. Starbuck not only stood for good coffee‚ but also for the dark-roasted flavor profiles
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How Culture Affects Productivity Organizational culture and productivity are closely related. Simply stated‚ productivity is the art of getting the company ’ ’s products and/or services to the customer at the lowest possible cost. But it is more than that - it is related to quality‚ to customer needs and to labour relations. In other words‚ productivity and good management are inseparable. Productivity is a result of motivation‚ and motivation thrives in a good climate. If management is to transform
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Table of Contents Table of Contents 2 Starbucks and Marketing environment 4 Technological: 6 Environmental: 6 Legal: 7 Conclusion and Recommendation: 7 Starbucks and Market Segmentation 7 Age: 7 Gender: 7 Income: 8 Location: 8 Situation: 8 Season: 8 Conclusion and Recommendations: 8 Branding and Starbucks 9 Franchising: 9 Brand Association: 9 Sponsorship: 10 Celebrity Endorsement: 10 Exclusivity: 10 Conclusion and Recommendations: 10 Role of the brand and extended marketing
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