Starbucks Case Study Help
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Sample Question & Answer Of Starbucks Case Study
The Potential Market Expansion Of Starbucks
Question:
Describe about the project focuses on the potential market expansion of Starbucks in two countries Singapore and India?
Answer:
Introduction
The project focuses on the potential market expansion of Starbucks in two countries Singapore and India. It consist a detailed analysis of the Indian and Singaporean market for expansion of Starbucks. It is done with the help of PESTLE Analysis. PESTLE analysis of the company helps in understanding external environment.
A newer concept is recently introduced which is gradually gaining importance that is Ethics. Ethics is the set of moral principles and values that governs the action and decisions of a individual or a group (Oxlearn.com, 2015).
The pestle analysis provides a framework that enables to find out the external environment with the help of 6 basic questions, they are:
1) What are the factors regarding politics?
2) Do the cultural factors important for business?
3) What are the important economic factors regarding business sustainability?
4) What are the environmental considerations?
5) What are the current and impending legislation may affect the industry?
6) What technological innovations will be effective for business?
(PEST Analysis of USA et al., 2014)
Each factor are analysed in informative form for the respective countries. And in the end they are individually rated out of 10 for comparing the degree of beneficial of investment. The total advantage is calculated on percentage with a clear conclusion and some recommendation.
About Starbucks:
Based in Seattle, Washington, Starbucks have been the largest coffeehouse chain in United States since 1977. From Peet’s coffee of Alfred Pee, Zev Siegl and Gordon Bowker got the idea of establishing Starbucks. The company was initially famous for selling Coffee beans and Coffee making equipments. After 10 years, the Director of Retail operations Howard Schultz decided to sell drinks along with the other available products. The first expansion of starbucks in overseas was on Tokyo, Japan, which still holds a sizable presence there (Michelli and Parks, 2013).Read More...
Business Ethics: Starbucks
Question:
Describe about the Business Ethics for Starbucks.
Answer:
Starbucks was established in the year 1971 as a partnership in the Seattle. Five years later, Howard Schultz enjoined the company as the overall director of the retail and marketing department and in 1985, Starbucks began opening one of its first stores in the downtown Seattle. In the recent times, Starbucks has gained its ranks in the international arena and is currently the third largest company chain known to offer quality services in its many convenient stores in over 55 countries.
Starbucks Coffee Company ranks as the best Corporation in the world taking pride as the torch bearer in roasting and distribution of coffee. The company now boasts of over 150000 coffee outlets all over the world. The company is located in North America, Europe, Asia, Latin America and Middle Asia. The company offers a wealth of diversity as well as the depth of its services which has allowed it to stay in the international exposure making it enjoy a strong presence in the radar.Read More...
Case Study Analysis : Starbucks Corporation
Question:
Describe about the Case Study Analysis for Starbucks Corporation.
Answer:
Introduction
This assignment is about the case study analysis of the company Starbucks Corporation. It is an American coffee supply chain founded in the year of 1971 in Seattle, Washington. Jerry Baldwin, Zev Seigl and Gordon Bowker are the founder of the company. Presently the company is operating in more than 23,000 locations all over the world (Starbucks, 2016). The main products of Starbucks are Coffee beverages, baked food, tea and different types of smoothies. Total revenue of the company is US$ 19 billion (till 2015) (Starbucks, 2016). There are more than 238,000 employees, work for the company. Read More...
Marketing Plan For Starbucks
Question:
Describe about the Marketing Plan for Starbucks?
Answer:
Introduction:
Starbucks Corporation believes that with targeting of high end coffee drinker along with coffee creamer, as consistent with present practices. The Corporation aims at achieving new segment of coffee drinkers. The report aims at developing a marketing plan for Starbucks (Lapersonne, 2013). The development of market plan involves construction of each of the elements of such a plan by application of relevant theories. The market plan as developed for Starbucks provides essential information about the Company and adopted strategies to penetrate into the undiscovered target market. It also provides us with financial information about the products and they are placed in the market. Read More...
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Q.2. What are some challenges Starbucks has faced?
Ans: Starbucks only buys the highest-quality coffee beans for their products, which are more expensive than their rivals. As a result, the competitors will have a cost advantage over Starbucks, leading to a decline in sales and a reduction in profit. Due to this, Starbucks will experience financial difficulties.
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Q.4. What kind of growth strategy does Starbucks use?
Ans: Product differentiation is a category that describes Starbucks' business strategy. As a result, the large coffee chain company prioritizes the quality of its goods, and customers are willing to pay more for great quality.