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Using Analytic Techniques to Add Meaning to Data
Maria DiCarlo
Capella University
Applied Business Analytics
December 26, 2023
Starbucks Corporation, the global coffeehouse giant, has become synonymous with premium coffee experiences, shaping the contemporary coffee culture worldwide. This
introduction explores the rich background of Starbucks, diving into its historical roots, mission, platforms, product offerings, and competitive landscape, drawing insights from a diverse range of sources to provide a comprehensive overview. Founded in Seattle, Washington, in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker, Starbucks initially operated as a single store that primarily sold high-quality coffee beans and equipment. Inspired by the rich coffee culture of Italy, the founders aimed to create a space where customers could experience the art of coffee roasting (Petruzzello, 2023). The brand rapidly expanded throughout the 1980s and 1990s, transforming into a global phenomenon. Today, Starbucks is not merely a coffeehouse chain; it is a cultural phenomenon that has redefined the way people perceive and consume coffee.
At the core of Starbucks' success is its unwavering commitment to its mission "to inspire and nurture the human spirit—one person, one cup, and one neighborhood at a time." This mission underscores the company's emphasis on community, sustainability, and creating meaningful connections. Starbucks prioritizes ethical sourcing, supporting farmers, and minimizing its environmental footprint, aligning its business practices with social responsibility.
Starbucks operates through various platforms, including its iconic coffeehouses, drive-thru locations, and a robust mobile app (Peiper, 2023). The company's product range extends beyond
traditional coffee, encompassing a diverse array of beverages, pastries, and merchandise. Starbucks has successfully adapted to evolving consumer preferences, introducing innovations like the Pumpkin Spice Latte and continuously expanding its menu to cater to diverse tastes and preferences.
Starbucks' competitive advantage lies in its ability to blend innovation with a commitment to quality. The company has successfully created a unique atmosphere in its
stores, combining ambient settings with the irresistible aroma of freshly brewed coffee. This distinctive customer experience, coupled with a global presence and an extensive loyalty program, positions Starbucks as a leader in the highly competitive coffee industry. Starbucks faces competition from a range of players, including global chains such as Dunkin' and local artisanal coffee shops. The industry dynamics are influenced by factors like consumer trends, economic conditions, and evolving preferences. Starbucks has navigated these challenges by embracing digitalization, investing in technology, and staying attuned to shifting consumer demands.
Graphical Representations of Data
12/5/2
2
1/24/23
3/15/23
5/4
/23
6/2
3/2
3
8/12/23
10/1/2
3
11/20/23
1/9/24
2/28/24
0
20
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120
Scatterplot of Highest Stock Prices
Time in Days
Stock Prices in U.S Dollars
To generate a scatterplot depicting the highest stock prices, start by confirming that the information from the Date column (column 1) and the High column (column 3) is arranged in consecutive columns and highlighted. Then, navigate to the Insert tab, click on Charts in the
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Related Questions
*Starbucks market Segmentation and Strategic Targeting.
* Psychological concepts of motivation, personality and learning that account for individual behavior and decisions of consumers.
* Starbucks consumer’s Decision-Making Process.
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* A consumer analysis is the flip side of industry analysis; it is the demand side of the equation. In a consumer(or market) analysis, a marketer examines the factors that drive current demand and growth for both theoverall market and for the firm’s brand.You can use several methods to collect information for your consumer analysis: surveys, consumerinterviews, field research.Description of the demographics and (if possible) the psychographics of its customers. Include consumerprofiles. Should be expressed in terms of demographics and psychographics (subset of the customeranalysis) with product focus. One way to combine demographics and psychographics and get a sense of themarket is to generate a brief character sketch of the typical target consumer (a consumer profile).
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17
Apple's corporate mission is "to bring the best personal computing products and support to
students, educators, designers, scientists, engineers, businesspersons and consumers in over
140 countries around the world.
pick out from this mission statement the 3 main factors:
1. Key market
2. Contribution
3. Distinction *
Enter your answer
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For problems 1-3, please refer to this article on Ocado.
https://www.bbc.co.uk/news/business-54352540
1. What can we say about existing rivalry in the market of online retailers?
a. This force is week because of strong brands and stabile market shares.
b. This force is medium level, because the market is quite concentrated but consumers are quite loyal.
c. Existing rivalry is strong because the market is quite concentrated, switching costs are relatively low and the different firms' services are not especially differentiated.
d. Rivalry is strong because suppliers and not concentrated and entry barriers are low.
2. How would you evaluate the threat of buyers in this market?
a. It is relatively weak, because OCADO sells for final consumers who are not concentrated and have a weak bargaining power.
b. It is strong, because Tesco and Amazon are large firms with larger market shares than Ocado.
c. It is medium level, because OCADO cannot easily switch across its buyers.…
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500 words please
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Indian Medical Association is interested in investigating what are patients’ perception towards dental treatment. They are interested in doing a focus group discussion for this research. Parag, the new marketing head does not know how to conduct focus group discussion. You have been deputed by consulting firm to help Mr. Parag in this research.
I. How could you advise Mr. Parag in conducting focus group?
II. What characteristics Mr. Parag should look for while appointing moderator
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1. What methods does Jones Soda use to market its product?
2. How do these marketing methods help the company compete
against the market giants?
3. Write a brief critique of the Jones Soda Web site and comment
on its effectiveness as a marketing tool.
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Describe 3 tactics that Mio Amore can use to leverage its competitive advantage over Monginis. (500 Words)
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Breifly discuss the following-
In what ways has the lodging consumer changed, and how does Airbnb’s customer value-proposition meet this change?
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1): A brief overview of the company you selected, Starbucks, including their product/service features, benefits, and brand identity.
2): Brief highlights from the PESTEL and SWOT of Starbucks. Just highlights from each.
3): The marketing plan objectives you developed (Social media, sales promotion, traditional media, and outdoor advertising)
4): Competitive analysis including: differentiation, positioning, and target market profile
5): How the marketing mix (the 4 Ps or 7 Ps) will work together to reinforce the plan objectives and the marketing plan and communication budget?
6): Marketing communications budget including total budget and allocations for each media channel (used up).
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McDonalds
Who are the (potential) target customers, the marketplace and trends impacting the marketplace for this product/brand/organization. For example, should this brand be re-positioned? Target a slightly different market segment? Use different media to reach their target audience? Take an advantage of a new, exciting opportunity in the marketplace?
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Time left 1:11:16
When a marketer divides the buyers into groups based on their knowledge, attitudes, uses, or responses to a
product, this is an example of
segmentation.
O a. behavioural
b. demographic
age and life cycle
O d. psychographic
Which group determines a product's position relative to competing products?
retailers
O b. manufacturers
O. suppliers
d.
consumers
In differentiation and positioning, it is important to choose the right competitive advantage(s). Among the
important criteria to follow is that the competitive advantage should be
meaning that it is not easy
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1. Grocerants would use which marketing management philosophy?
a. Production orientation
b. Sales orientation
c. Market orientation
d. Societal marketing orientation
2.
By trying to get customers to spend more time in the store and purchase additional
products, grocerants use which strategic opportunity?
a. Market penetration
b. Market development
c. Product development
d. Diversification
Answer: a. Market penetration. See Section 2-3.
3. Whole Foods' best-selling prepared meal would be their
a. problem child
b. dog
C. cash cow
d. star
4. Who are grocerants key age demographic?
a. Tweens
b. Millennials
c. Generation X
d. Baby boomers
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What is Starbucks market segmentation? Divide the business market into 3 different segments, explain the segments in detail
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You Make the Call
6-49. What is the primary decision facing
Starbucks?
6-50. What factors are important in
understanding this decision situation?
6-51. What are the alternatives to the primary
decision the company is facing?
6-52. What decision(s) do you recommend?
6-53. What are some ways to implement your
recommendation?
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4 strategies that Tropical Leisure can implement in the short-term to profitably increase sales and regain market share given its current production and financial constraints are
Negotiation
Direct Marketing
Innovation
Strengthening customer relationships
For each of the strategies outlined above suggest how Mr. Grant might proceed to evaluate these strategies.
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Please explain the photo attached and add more ideas thank you
TOPIC: Marketing strategies of Starbucks
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Critical Thinking A study conducted by Adobe foundthat 77 percent of marketers surveyed believe thatdata on customer purchase histories can improvemarketing performance, yet only 21 percent actuallyuse it. Similarly, 88 percent believe that behavioraldata can have a similar impact, but only 20 percentuse it. 57 These statistics highlight a contradiction between the perception of marketing analytics' valueand the actual frequency of execution of marketinganalytics. Why do you think this is? If you we,e incharge of implementing marketing analytics into anorganization, w hat hurdles would you expect to encounter and from whom, and how would you overcome them?
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What is Apple's segmenting and targeting strategy?
Bases for segmentation
Variables
countries, regions, city sizes, weather,
neighbourhoods..
Geographic
age, gender, income, religion,
education, occupation, race...
Demographic
personality, lifestyle, social clas..
benefits sought, usage rate, loyalty
level...
Targeting Strategy
Mass Marketing?
Differentiated Marketing?
Niche Marketing?
Micro Marketing?
Psychographic
Behavioural/product-usage
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* In.
A:07
خاص
A moodle1.du.edu.om
Question 12
Not yet answered
Marked out of 1.00
P Remove flag
The marketer of Rolex watches should
use:
Select one:
a. Niche marketing
b. Micromarketing
c. Differentiated or segmented
marketing
O d. Undifferentiated or mass
marketing
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Exercise #1: MULTIPLE CHOICE
Directions: Choose among the options the proper factor that serve as basis in forecasting revenues of the
business which is described by the statement/s.
1. When the economy grows, its growth is experienced by the consumers. Consumers are more likely to
buy products and services. The entrepreneur must be able to identify the overall health of the economy
to make informed estimates.
A. The competing businesses or competitors
B. Changes happening in the community
C. The economic condition of the country
D. The internal aspect of the business.
2. Observe how your competitors are doing business. Since you share the same market with them,
information about the number of products sold daily or the number of items they are carrying will give
your idea as to how much your…
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A. Choose one of the 4 options(political & legal,economic, technological, or social/cultural) andanswer the following questions:
B. Trend:
Source:
Product Ideas related to this trend:
C. Best Idea:
D. Product Market/Industry Definition of Best NewProduct Idea.
E. Product Market/Industry Trend. For the Best New Product Idea.• Trend:• Source:
F. Target Market. (Describe either the B2C or B2B target that is most important per the instructions.)
G. Competitive Rivals. List 3 key competitive rivals.
H. Competitive Advantage.
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The holistic marketing concept is based on the development, design, and implementation of marketing programs, processes, and activities that recognize their breadth and interdependencies. Holistic marketing recognizes that everything matters in marketing and that a broad, integrated perspective is often necessary. Four components of holistic marketing are relationship marketing, integrated marketing, internal marketing, and performance marketing. Explain how Coca Cola uses Holistic marketing concept. (150-200 words)
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Market segmentationWrite a white paper on a company of your choice and discuss the market segmentation within that industry along with the target market for the company and the selection process for that target market. My company is starbucks. Required elements;No more than 1700 words,Include psychographic, demographic, geographic and behavioral characteristics for the selected company.A positioning statement for the company with careful consideration of their brand and strategy.Paper is consistent with APA guidelines. Extra Requirements:At least 1500 wordsMust be finished before July 16th 2013 6:00 pm (Eastern Time) Iam in Miami Florida.Note: I can provide you with the work i already have done (the company I chose is Starbucks)This may or may not help you.at least 1500 wordsAPA styleNo plagiarismMust be turn in before 6:00 pm.Must have cited references Here is what I have done so far. out this document (make sure the references are…
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Marketing Strategy: BeeCell’s Customer Acquisition Strategy
a. Describe what is meant by a “communications strategy” and a “creative strategy”? b. Discuss five (5) benefits derived by BeeCell with their careful segmentation and profiling of the target customers for the campaignc. What do you consider to be the key factors underlying the success of BeeCell’s direct mail campaign?
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