The Idea Behind the Starbucks Experience

The Idea Behind the Starbucks Experience

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Scholarly Research Paper from the year 2008 in the subject Business economics - Operations Research, grade: 1, 0, University of Applied Sciences Berlin, course: International Entrepreneurship, language: English, comment: This assignment contains not only 15 figures but also an Integral Total Management Checklist that summarizes the topic under all management perspectives to give a 360-Degree Feedback., abstract: 1971, when the 'Starbucks experience' begun, Starbucks was just a small coffee shop in Seattle, USA. Today, Starbucks, named after the first mate in Herman Melville's Moby Dick, is the world's leading retailer, roaster and brand of specialty coffee with millions of customer visits per week at stores in North America, Europe, Middle East, Latin America and the Pacific Rim. Thus, within not more than three decades, Starbucks' offering of distinctive blend of quality coffee, neighbourly camaraderie and a unique coffeehouse culture combined with an aggressive growth strategy helped it to become the most famous specialty coffee shop chain in the world and a global company: In 2007, it run more than 15, 000 stores worldwide by employing more than 172, 000 people. But in the same year 2007 - despite revenues of USD 9.4 billion - Starbucks had to report a first-ever decline in same-store sales. As early as the mid-1990s, analysts had been predicting that Starbucks could not sustain such strong growth, especially in same-store sales. For more than 10 years, Starbucks had consistently beaten these expectations. By 2007, however, Starbucks unprecedented size, combined with the uncertainty of the economy, had placed the company in a new competitive game. As a result, in early 2008, Starbucks announced a series of initiatives to cope with the new challenges and to prepare for a successful future - all of them based on renewing the focus on customer experience and slowing down expansion. But what constitutes the Starbucks strategy that has been that successful in the pasTo handle current volumes of traffic in Starbucks stores, however, the company needed to use some form of automatedor semi-automated espresso machines. The manual machines, while charming, were simply not fast enough to keep upanbsp;...

Title:The Idea Behind the Starbucks Experience
Author:Nadine Pahl
Publisher:BoD – Books on Demand - 2009-04


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