Running head: STARBUCKS AS AN INTERNATIONAL BUSINESS 1 An Analysis of Starbucks as a Company and an International Business Lauren Roby A Senior Thesis submitted in partial fulfillment of the requirements for graduation in the Honors Program Liberty University Spring 2011 STARBUCKS AS AN INTERNATIONAL BUSINESS Acceptance of Senior Honors Thesis This Senior Honors Thesis is accepted in partial fulfillment of the requirements for graduation from the Honors Program of Liberty University
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Company: Starbucks Coffee BACKGROUND Starbucks Corporation is the largest coffee company in the world‚ with over 17‚000 stores located around the globe. Headquarters are located in Seattle‚ Washington‚ United States. Starbucks offer beverages- mainly coffee and tea‚ food- salads‚ snacks‚ sandwiches to customers. The company also markets books‚ music‚ and film. DEMAND OF STARBUCKS Is the demand for Starbucks elastic or inelastic? Starbucks mainly sells coffee‚ and coffee is an inelastic
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The Starbucks Company does not need any introduction; the sweet smell of hot coffee touches your nostrils as soon as the name of Startbucks is mentioned. In order to give a magnificent boost to this world acclaimed brand‚ the proposal of the vending machines has been designed. The following assessment encompasses all the marketing strategies including 4p’s and the SWOT analysis by highlighting the significance and efficiency of the vending machines to promote the sale and growth of Starbucks product
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putting in systems to recruit‚ hire‚ and train baristas and store managers. Starbucks’ vice president for human resources used some simple guidelines in screening candidates for new positions: "We want passionate people who love coffee . . . We’re looking for a diverse workforce‚ which reflects our community. We want people who enjoy what they’re doing and for whom work is an extension of themselves."16 Some 80 percent of Starbucks employees were white‚ 85 percent had some education beyond high school
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Starbucks Technology - Innovation Technology and innovation is something that is believed will pave the way for the Starbucks Company. Starbucks is a huge company but still thrives to stay small. CEO of Starbucks‚ Howard Schultz believes that the company has to push for reinvention at this point in time and self renewal. They have to remain relevant with their customers where people live‚ work‚ play‚ and on their phone. They’ve invested heavily in being the best using social media as well
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1. What is Starbucks’ retail strategy? What is its target market and how does it try to develop an advantage over its competition? Starbucks retail strategy is selling the “Starbucks Experience” by offering a community gathering place‚ with comfortable seating in a relaxing atmosphere while selling quality products and great customer service. The company’s retail strategy is also aimed to maintain customer loyalty and repeat business. Its target market started out to be business people between
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Executive Summary In this report‚ two different parts will be covered: On the first part‚ we are considering of using Dividend Discount Model (DDM) is a main method to determine the share price of Starbucks. Our model is developed by using the past figure which is the financial statement of the third quarter 2012. Then‚ after arriving at the share price of $45.6‚ our recommendation is wait and not to buy it now. We also include in the report the comparison of our price and other analyst’s price
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Ethics and Compliance in Starbucks Avia Thompson‚ Joi Edwards‚ Martina Saines‚ and Dwayne Blount FIN/370 November 21‚ 2012 Arnold Harvey Ethics and Compliance in Starbucks Starbucks‚ one of the largest global beverage industry’s mission is “to inspire and nurture the human spirit- one person‚ one cup and one neighborhood at a time” (Our Mission). Be that as it may‚ without an upstanding ethical foundation‚ it would not have succeeded thus
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Starbucks Business Strategy Mariana Lupea October‚ 31‚ 2011 Introduction The purpose of this paper is to analyze the business strategy of a publicly traded company. The writer will include an overview of the company‚ including mission statements‚ products‚ markets‚ and recent financial operations. A SWOT analysis will be performed and strategic objectives will be noted. Furthermore‚ the writer will detail specific plans
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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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