I live in BLANK, FL, every morning I go and get my Starbucks coffee from the Starbucks branch not far from house. I frequent this Starbucks because it offers me free internet and it is a great place for people watching. The three main components of the Starbucks business model are business commerce, business occupation, and business organization. The Starbucks business commerce is trade, and the products include coffee drinks and coffee related products. Since the company has thousands of branches throughout the world, it is very convenient to “run in and out” and grab a coffee. Starbucks has a very loyal customer base and high profit margins. Through the loyal customer base and always being innovative with new coffee drink ideas, the company is able to charge more for its product; it is more than likely that the Starbucks followers will pay any price to get their coffee fix. Starbucks’ business occupation is set through the best tools and formulas to create the best drink and provide great customer service each Starbucks branch provides. An Entry-level employee receives proper training on all equipments used in the various branches such as the drive through window or the espresso machine. Efficiency in the company and different branch locations as well as excellent customer service, Starbucks’ business system must include a business organization model. This model allows the company to work through a chain of command from CEO to Maintenance employee. Business organization, business occupation, and business commerce allow everyone in the company to work toward a common goal and to ensure that the company is profitable.
BUS 210WK 2 CHCKPOINT BUSINESS ORGANIZATION
Joint-Stock Company means that, a partnership or corporation between two parties. Stocks are issued the parties in return for each contribution. The shareholders are allowed to transfer or sell their investment interest at any point in time by selling their stock to another party. Apple, INC. depicts this form of company.
Limited Liability Company (LLC) means that, the investors are only limited liable in case the business, the investors invested in, goes bankrupt. The creditors can only take what each investor has initially invested. The creditors must not take outside an investor’s investment, no personal monies that are not part of the investment. Let us say I would invest into a company. That company would go bankrupt after five years, because the company was an LLC, Limited Liability Company, the creditors can only take what I have initially invested into the company.
Partnership means that, a group of skilled professionals can fuse their talents and expertise together to form one successful company. Only these professionals are the owners and stockholders for the company. Each professional will than be a partner of that particular company and receive a percentage which is based on how much money the partner invests into the company, the significance and importance of the partners skill and experience, and so on. Jane, Joe, and Daphne open a sandwich store. All parties invest 33.3%, own equal parts of the company, and receive the same amount of revenue. Jane is in charge of the marketing, Joe orders the supplies, and Daphne is in charge of accounting.
Sole Proprietorship means that, a business owned by only one person. The person would not have any partners, nor would the business be “public”. The owner is 100% liable if the business would fail. A lawyer would consider opening a law firm with sole proprietorship. The lawyer would be accountable for all financial parts connected with the law firm. If the lawyer would loose the firm, he or she would loose 100% of his or her investment.
Bus 210 WK 3 CODE OF ETHIC
Code of Conduct BLANK, Inc.
To ensure the safety of each employee and customer of BLANK, Inc., each member of the company must understand, comply to, and sign the company’s code of...