Business Strategy And Potential Issues

Starbucks was founded in 1985 and is a global leader in premium coffee with locations in 68 countries. The company 's stock is traded on the NASDAQ under the symbol "SBUX". They sell packaged coffee and tea, as well as handmade beverages that include coffee and tea. In addition to coffee beverages, they sell pre-packaged food items such as sandwiches and snacks. Their products are not only sold in their own stores, but also in grocery stores. Along with the flagship brand, Starbucks has additional brands: "Teavana, Tazo, Seattle 's Best Coffee, Evolution Fresh, La Boulange and Ethos" (Starbucks Annual Report, 2015, p. 2).

Since the board is accountable for official capacities, and as the CEO is in charge of coordinating organization strategy into

Starbucks is a worldwide coffee company that produces world-class coffee, pastries and beverages. They are known as one of the most productive global coffee companies. Starbucks began as a small coffee and was founded by Jerry Baldwin, Zev Siegl and Gordon Bowker in Seattle, Washington in 1971. It is now headquartered in Seattle, Washington and incorporated in Olympia, Washington. The company’s fiscal year end date is September 27th. Although Starbucks has its own audit and compliance committee, that puts together their financial statements and reviews all accounting and financial processes pertaining to the financial status of Starbucks Company, KPMG also audits their financial statements.

starbucks Corp., an international coffee and coffeehouse chain based in Seattle, Washington, has expanded rapidly since its opening in 1971. These outrageous success was due to its well-developed strategy vision which lay out the company's strategic course in developing and strengthening its business. Starbucks is a global corporation that sells authentic coffee in 30 countries, reporting revenues of nearly $5.1 billion in 2006. The main goal of Starbucks is to embrace diversity by applying the highest standards of excellence. Starbucks strives to perfect the relationship with the working class by making the service as fast as possible because they believe that every customer has their own personal rate. One

Step 1 (10–15 minutes) Read the background information and descriptions of each of the applicants. Consider

Starbucks Coffee opened the doors to its first location in Seattle in 1971 and moved to its permanent home at Pikes Peak Market in 1976. The humble enterprise was the creation of three college friends; Jerry Baldwin, Zev Siegl, and Gordon Bowker. The original business model was to sell high-quality coffee beans and equipment. Between 1971 and 1986, the company expanded to 6 locations around Seattle. In the beginning, Starbucks did not sell one cup of coffee (Starbucks). The way that Starbucks evolved from its modest roots into the world’s leading coffeehouse company must be credited to the leadership and vision of Howard Schultz.

Starbucks is the premier coffee emporium company in the United States and worldwide. It is arguably the most recognizable name in the specialty coffee industry. The company was founded by Gerald Baldwin, Gordon Bowker, and Ziev Siegl with the opening of its first upscale shop in Seattle, Washington in 1971. Howard Schultz, who joined the team in 1982, later bought out his partners and fashioned his new stores after the Milan, Italy coffee customs he observed during his travels there. His intent was to establish his coffee houses as a “third place” behind home and work. He wanted to make neighborhood coffee houses a regular social experience, where

Boards of Directors are mandated by business law to carry out their responsibilities with the notion of operating in the best interest of the corporation. This is largely interpreted as operating “in the best interest of the shareholder” or maximizing shareholders value. “However, there are situations in which the company’s “best interest” doesn’t match the best interest of its shareholders. It’s left to boards of directors to make these company “best interest” decisions.” (Gillan, and Starks, 2000) Boards of directors are made up of two kinds of agents: inside and outside directors (independent directors). Inside directors are employees of the company, usually company CEO’s, CFO’s, and/or other high level company executives. Inside directors are held accountable for authorizing budgets created by company executives, creating and overseeing the company’s business policy, and authorizing important corporate plans and ventures. Outside directors are chosen externally; they’re non-employees. The sole reason for having independent directors on boards is to add

Organization I came up with is Tesco as it is one of largest retailers in the UK as well as globally. Its UK business contributes 60% of all revenues and profits in the retail market. It provides with diverse variety of food compared with its rivals. It generates over one billion pounds per annum in its Finest and Everyday Value ranges food brands.

Starbucks Corporation is a specialty coffee retailer, roster and marketer internationally. The first stand alone Starbucks coffeehouse was opened in Seattle, Washington by Jerry Baldwin, Zev Siegl and Gordon Bowker in 1971. In 1985 Starbucks Corporation was founded and, in 1987, the original founders would sell the company to current CEO Howard Schultz for $7 million (“Starbucks Corporation”). Having 22,519 retail stores in 67 countries worldwide, Starbucks has grown into the largest coffeehouse company globally (“Starbucks Company Profile”). The company currently offers a variety of products, such as handcrafted beverages, packaged ground and whole bean coffees, bottled drinks, tea, single-serve products, merchandise and snack items, at licensed stores and grocery markets. (“Starbucks Corporation Public Company Profile”).

Supply Chain Management Chapter 5 Network Design in the Supply Chain 5-1 Outline A strategic framework for facility location Multi-echelon networks Gravity methods for location Plant location models 5-2 1. Network Design Decisions  Facility role: What role should each facility play? What processes should be performed at each facility?

In 1971, three young entrepreneurs began the Starbucks Corporation in Seattle Washington. Their key goal was to sell whole coffee beans. Soon after, Starbucks began experiencing huge growth, opening five stores all of which had roasting facilities, sold coffee beans and room for local restaurants. In 1987, Howard Schultz bought Starbucks from its original owners for $4 million after expanding Starbucks by opening three coffee bars. These coffee bars were based on an idea that was originally proposed to the owner

The Starbucks Company is a purveyor of gourmet coffee that was founded in 1971 at Seattle’s Pike Place Market (Retrieved March 10, 2015, from http://www.starbucks.com/about-us/company-information). At that time Starbucks was a single storefront that offered premium, fresh roasted whole bean coffees. Since opening that single store Starbucks has grown to an international presence with branding that is recognizable worldwide. In addition, Starbucks has increased their product line beyond hot and cold coffee beverages to include hot and cold teas, packaged whole bean and ground coffees, high quality, fresh foods and coffee making equipment and supplies. Starbucks operates a total of 19,767 company operated and licensed stores and operates in 62 countries. In addition to the Starbucks’ brand the company also owns and operates other well-known brands such as Teavana and Seattle’s Best Coffee. (Retrieved March 10, 2015, from http://news.starbucks.com/uploads/documents/Starbucks_Fiscal_2013_Annual_Report_-_FINAL.PDF)

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

The background of the Starbucks is very interesting. “The first Starbucks opened in Seattle, Washington, on March 30, 1971, by three partners who met while they were students at the University of San Francisco. The three were inspired to sell high-quality coffee beans and equipment by coffee roasting entrepreneur Alfred Peet after he taught them his style of roasting beans. The company took the name of the chief mate in the book Moby-Dick: Starbuck, after considering “Cargo House” and “Pequod” Nowadays, the company has been in North America, Latin America, Europe, and the other 37 countries, with more than 12,000 coffee shop and more than 117,000 employees.