Preview

Marketing Plan of Starbucks

Good Essays
Open Document
Open Document
517 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketing Plan of Starbucks
Marketing Plan of Starbucks Starbucks in Malaysia is jointly owned by Berjaya Corporation and Starbucks Coffee International and has enjoyed a healthy growth within the Malaysian market since it’s first outlet opened in 1998. At present,there are 119 stores in Malaysia.Relatively, the company’s main goal is to establish the coffee company with high standard brand of coffee in the international market. And, in order to achieve this objective Starbucks has been continually expand its retail operations, and its fastest delivery services; as well as its specialty sales operations world wide. In addition to that, the introduction of new products and the continuous development of new distribution channels have largely contributed to worldwide success of the company. In order for a company to reach its peak of success; it must have a proper implementation and execution of a strategic marketing plan. A proper positioning and identification of a target market are two of the important factors in promoting its products and services to the consumers effectively and efficiently. In this connection, Starbucks has been able to carry out its commercial success all over the years now through its marketing and targeting strategies; as well as through its competitive environment. At the same time, the company has been able to transform its consumer experienced products and services into highly profitable business in the world.

Aside from that, Starbucks has been significantly competitive in the world market because of its mission, vision and goals that provide high value products to its customers; and above anything else, when someone hears about Starbucks, it only means high quality gourmet coffee business. One more important thing about the company, it has the unique differentiator strategy, which means that the company has individualized each outlet based on its location and environment. The company always

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Starbucks Case Analysis

    • 414 Words
    • 2 Pages

    Starbucks, as a world’s leading coffee-drinking retailer, provide “standardized” coffee drink and coffee related products as well as homelike experience to its customers. It has 15,700 locations globally and set its expansion goal to 40,000 stores worldwide while this goal has been delayed since the expansion targets for recent years have not been reached. At the same time, due to the intense global expansion, net revenue and earnings increase accordingly yet the profit growth has reduced and stock price decreased as well as customer visit declined due to losing exclusivity. The strategic issue in this case is whether Starbucks should focus on global expansion continually or on fixing the profitability.…

    • 414 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Uop Mgt/598

    • 2158 Words
    • 9 Pages

    Starbucks mission is a visionary statement that outlines the company’s objectives as follows: “to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time” (Starbucks, 2013). The company’s values include quality, passion, fully engaging customers, humanity and enjoyment of life, setting the standard for being good neighbors, and accountability (Starbucks, 2013). Starbucks currently sets the standard in one market sector: whole bean coffee distribution within the United States. However, as Team A consultants identified, the company jeopardizes its frontrunner industry position by not expanding. Team A consultants discussed two primary expansion opportunities, specifically expansion of the company’s product portfolio and expansion of the company’s primary product, coffee, into foreign markets. Although both expansion options provide great competitive advantage for Starbucks, expansion into strategic foreign markets provides the most opportunity for competitive advantage and is most aligned with the company’s values as it enables the company to set standards in new industry sectors and broaden the neighborhoods in which it serves.…

    • 2158 Words
    • 9 Pages
    Powerful Essays
  • Best Essays

    Starbucks the known name in the world of coffee business had started off with little company which now has transformed in a successful corporation. This brand has gained remarkable success over period of time and has proved itself as a reputable coffee provider in term of taste and quality. The major contribution in this success was their aggressive expansions strategies. These strategies have enabled them to develop a dense chain of stores not only in America but all over the world. Their strategic approach towards the business has enabled them to gain value of $12 billion in 2008 from $2.9 billion in 1998 (Higbee, Liaw, Ting, Tjho, ton, 2008).…

    • 4211 Words
    • 17 Pages
    Best Essays
  • Good Essays

    Beginning in 1971 with only one shop in Settle’s historic Pike Place Market for coffee and tea, Starbucks has managed to become one of the most successful companies in the world. It has become number one in the coffee industry. As of June 2012 Starbucks owns 19,763 coffee shops in 59 countries which includes 12,848 in the United States, 1,264 in Canada, 973 in Japan, 778 in Great Britain, 621 in China, 441 in South Korea, 350 in Mexico and 269 in the Philippines. Offering to its consumers’ different coffees with unique flavors, tea and beverages, including food snacks and coffee accessories Starbucks has attracted consumers and turned them into loyal customers. (Starbucks Coffee Company, 2012)…

    • 1052 Words
    • 5 Pages
    Good Essays
  • Better Essays

    For this segment of the analysis Team A will explain the strategic planning Starbucks has implemented to fulfill their initiative of expanding their “food portfolio” by expanding into the self-serve market, such as Keuring or K-Cup. To do this the team analyzed the financial records of Starbuck for the two previous years. This examination will help individuals new to finance understand how the strategically placement, handling, and discernments of finances provides the stability to move forward with this particular initiative.…

    • 1351 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Hbr Case Starbucks

    • 860 Words
    • 4 Pages

    Channels • Specialty sales – Agreements with retailers, wholesalers, restaurants and service providers – Revenue growth potential – Increased name recognition – Partnerships with companies that are leaders in their field – Partnerships involved • Serving Starbucks Coffee • Product Development • Store Development…

    • 860 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    * Starbucks expanded to pursue sales of products in a variety of distribution channels and market segments. Products were marketed to restaurants, airlines, hotels, universities, hospitals, business offices, country clubs, and select retailers. In the airline industry, Starbucks coffee was served in flights United Airlines and United Airlines. Packets of Starbucks coffee along with coffee making equipment were made available in each room in Hyatt, Hilton, Sheraton, Radisson and Westin Hotels. Coffee service was also provided in several Wells Fargo banks in California. Foodservice distributors such as Sysco Corporation and US Food service started handling the distribution whole bean and ground coffees and other Starbucks products to hotels, restaurants, office coffee distributors, educational and health care institutions and other such enterprises…

    • 1483 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Marketing Plan for Starbucks

    • 7028 Words
    • 29 Pages

    Starbucks is the largest coffeehouse company in the world. It was founded by three very unusual entrepreneurs, an English teacher Jerry Baldwin, History teacher Zev Siegel and a Writer Gordon Bawker. They came with this brilliant idea of getting into the coffee business inspired by an entrepreneur who sold high quality coffee beans and equipments, named Alfred Peet. The first Starbucks store was opened in Pike Market Place in Seattle on March 30, 1971. It is a for profit company.…

    • 7028 Words
    • 29 Pages
    Powerful Essays
  • Powerful Essays

    Starbucks Marketing Plan

    • 5679 Words
    • 15 Pages

    The coffeehouse environment has become increasingly popular over the past few years. The increase in popularity will also increase the amount of competition in the market. In order for a company to stay successful in a competitive environment, they must create new products to help build customer loyalty. In the late 1990 's, a single serving coffee machine called a Keurig was introduced in the market. This machine was originally designed for businesses so that associates could make their own cups of coffee. The idea behind the coffee machine was created so that consumers can switch out different flavors of coffee after every cup. The single serving of coffee also allows for consumers to drink a warm cup of coffee. When large pots of coffee are made, the coffee eventually starts to get cold after consumers are finished with the first cup. Keurig coffee machines have become increasingly popular in households across the nation.…

    • 5679 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Until recently, Starbucks did not face the type of competition it is experiencing today. Not too many companies that were as large as Starbucks were in the gourmet coffee business. Starbucks, though its promotions was able to create a perception of a premium gourmet coffee. The place or location of each outlet is also in line with the company 's differentiator strategy. With 17,000 outlets worldwide, Starbucks individualized each outlet based on the surrounding…

    • 1190 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Starbucks Marketing Plan

    • 1950 Words
    • 8 Pages

    After Howard Schultz bought Starbucks he rebranded his own company Giornale to reflect the new name as Starbucks Coffee, Tea, and Spices and began quickly expending. His first Starbucks coffee shop was opened in Vancouver Waterfront Station, Chicago, Illinois, and British Columbia. By the year of 1992 Starbucks had grown to 165 coffee shops and was available to investors on the stock…

    • 1950 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    The purpose of this paper is to describe the attributes of the Starbucks Chai Tea and energy drinks in detail. The pace at which this product will move through the product life cycle will be described as well as the factors that will impact its movement. Also, details on how the product life cycle will impact the marketing of the Chai Tea and energy drinks will be identified. The positioning and differentiation strategies for this product will be identified. The appropriate price strategy to be used will be described.…

    • 1718 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    This report aims to review Starbucks marketing strategy and its effectiveness which is focusing on how Starbucks expand their businesses in Singapore through…

    • 868 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Essay

    • 1048 Words
    • 5 Pages

    International Marketing Written Report 1 Starbucks – A Coffee Kingdom How it comes to enter into the Hong Kong market? Content Introduction ......................................................................................................................................... 1 An int…

    • 1048 Words
    • 5 Pages
    Satisfactory Essays
  • Powerful Essays

    The company aims at establishing Starbucks as the premier purveyor of the finest coffee in the world while maintaining its uncompromising principles while growing.…

    • 1234 Words
    • 5 Pages
    Powerful Essays