The Starbuck’s board of directors is normally comprised of 12 directors, but due to current succession planning of a board member there are currently has, two of which are internal members of the Starbucks Company; the remaining independent, external directors meet the independence requirements set forth by the Nasdaq Stock Market. These highly qualified directors bring an immense amount of external insight and experience to the Starbuck’s board. Each member of the Board of Directors is chosen for their level of experience in the food and beverage industry, consumer products and food service industry, brand marketing experience, international operations and distribution, domestic and international public policy, digital and social media …show more content…
She also brings international experience with her as well, as she led McDonald’s Corporation’s worldwide marketing efforts and global brand strategy. Qualities that are critical for Starbuck’s need for emerging global markets.
Robert M. Gates, 72, is an external board member and has served on the board since May 2012. He has a long history of working for the Executive Branch of the U.S. government. This political knowledge could be very helpful, while guiding Starbuck’s leaders through the political obstacles most company face. He is also on the board of the Boy Scouts of America, and was previously on the board of Texas A&M University. Starbuck’s could utilize these connections to promote their youth skilled mentoring hiring practices.
Mellody Hobson, 46, is been an external board member since February 2005. She has served in several positions at Ariel Investments, LLC, an investment management firm. Her knowledge base could be instrumental in guiding Starbuck’s investment decisions. Ms. Hobson also works with several civic and professional institutions, including the Chicago Public Education Fund and After School Matters, a program that provides teens with “high quality out of school time programs”. These endeavors align consistently with the values Starbuck’s strives to encourage in others.
Kevin R. Johnson, 55, is an internal board member, serving since March 2009 and has served as President and
Starbuck 's has become a staple of American culture and for the most part, if you are in your 20 's, you have grown up with it and this has become what you expect coffee to be. Who can blame you, it is everywhere, so "wake up and smell the coffee"! I plan to tell you about the strategies that this giant uses, that have taken it from humble beginnings to a worldwide phenomenon. I also intend to explain how Starbucks is taking China by storm, mainly because marketer / entrepreneur Howard Schultz 's vision and mission statement is shared by everyone in the company!An excerpt from the London Financial Times published in February 2006 states the following in regards to Starbucks entering the Chinese market; "Mr Schultz said the company was
Starbucks is rated as the number one World’s leading coffee distributor. Customers satisfactions are always be in the center of their business and the company works consistently to maintain it as customer look forward to a unique experience when visiting one of Starbuck stores. With over 12,000 stores worldwide, Starbucks has always aimed at achieving and maintaining competition in the industry. Starbucks success reside in many factors : the company is admire and respected worldwide,employees are recognized and respected for what they contribute to the success of the company. Open communication
Ultimately, Jim Sinegal should be applauded rather than condemned for his management strategies. Costco’s future looks bright because his plans look into the long run. When confronted with annual sales figures, he insists, “This is good business.”[12] I would say it’s excellent business. Costco’s shareholders will be well taken care of by his human capital investment. Watch out ‘Wholesale Land’—with its voluminous ceilings and three packs of 64 ounce jars of mayonnaise – Costco is here.
Amanda Ripley’s article concerning Starbucks and Arizona State University’s collaboration to assist more workers pay for college is one with heavy support for the program. Through telling the story by using personal accounts from many of Starbucks’ employees who had gone through with the program, the reader is able to enjoy a more up close and personal experience.
Justin began his career with Kroger in March of 1993 as a Courtesy Clerk. Since then he has held various positions with the company including Cashier, Booth Associate, Drug G/M Manager, Co-Manager, Store Manager and his current role as the District 5 Operations Coordinator. Justin was a Key Retailing Confirmation Store Manager for six years. He has received multiple awards for his yearly sales improvements and EBITDA. Justin has also served as a Store Manager Mentor and served as the District Mentorship Chairman.
Starbucks celebrates 40 years with 17,000 stores in more than 50 countries (Goals & Progress, 2010). Starbucks thrive on their values as a company to improve the lives of people who grow their coffee, neighborhoods where the company does business, and they care for the environment (Goals & Progress, 2010). Starbucks strives to incorporate good business practices and ethics across the globe not only for the enhancement of the company but also for the enhancement of the stakeholders and the communities the company impacts. Starbuck’s mission statement is “to inspire and nurture the human spirit. As said by Howard Schultz, Chairman, President and Chief Executive Officer, in the 2010
John was President from 2001 to 2004. He has been a director since 1978 and was also Chairman of the Board from 1978-2009.
Being the giant leader of the coffee and snacks industry, Starbuck coffee company needs to develop a strong strategic plan
The political/legal segment focuses on the influences groups and organization has on the government and how the government influences them as well. While this country is still faced with a down economy, Starbucks CEO, Howard Schultz, wants to set a trend and “redefine the role of business in society” (Dolan, 2011). He is asking for companies to get involved in the education and training for society’s workforce in an effort to help decrease the unemployment rates and put people back to work. He believes it is the responsibility of the business community “to serve the communities where we do business by helping to improve, for example, the quality of citizens’ education, employment, healthcare, safety, and overall daily life….” ((Dolan, 2011). In addition, The Starbucks Foundation is partnering with
This assignment is based on the Starbucks case study; Trouble Brews at Starbucks written by Lauranne Buchanan and Carolyn Simmons (2009). The aim of this paper will be to discuss the the changing consumer experience, competitive landscape and external circumstances affecting marketing opportunities for Starbucks, while determining how Howard Schultz can provide Starbuck’s customers a greater long-term value.
“Starbuck’s mission is to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time” (as cited in Our Company, 2014). Starbucks vision is to “Establish Starbucks as a premier purveyor of the finest coffee in the world while maintaining our uncompromising principles while we grow” (Shah, Hawk, & A, 2011) In order to perform our mission and see our vision we must conduct business by the following values:
Starbuck has entered into these other categories through partnerships and joint ventures. These relationships make sense, because every partnership is with a company in an industry related to Starbuck’s industry (e.g. Pepsi, Kraft, Unilever, Green Mountain etc.). Starbucks does not enter into partnerships with only one company; but collaborates with many companies, that are the respective leaders in their industry. The coffee company uses many of their partners as guides to learn from, and build relationships in a particular industry. Strategically this makes sense because Starbucks is gaining knowledge and not spending a major amount of money. Therefore, when the
With Starbucks being on basically every corner, it is hard for other coffee shops to come in and be competitive. Another ethical issue that Starbucks faces is their use of hormone-addled milk in their coffees (Ferrell, Fraedrich, & Ferrell, 2015). With all of Starbuck’s unethical aspects and criticisms of their company, they are well-known for their ethical values. One of their top ethical attributes is their employee relationships. Their employee relationships with the company are what Starbucks is known for if you work for them. Starbuck’s offers their employees top healthcare and benefits. Naturally, their employee turnover rate is not high, and as I stated before, they are one of the top companies to be employed
This case assignment discusses the history of Starbuck’s accomplishments as they entered the American coffee culture heritage. In 1983, The chairman and CEO Howard Schultz traveled to Italy and had a dream to carry the Italy coffeehouse ritual back to the United States. Schultz was focused on creating an environment meeting company that makes good coffee but also be a social experiment. Starbucks today opened more than 19,000 stores functioning in 62 countries. Starbucks has numerous rewards that globalization has offered and they have significantly benefited from it, while in the coffee industry. Starbucks has a wide-range in marketing strategies to benefit the customers. During the different obstacles that Starbucks has encountered, they must stay reliable in quality and uphold to adjust to different customer values.
Starbuck’s global-level strategy, according to the case, is referred to as the Starbucks way. In the case it is stated that “the company finds local business partners in most foreign markets… It tests each country with a handful of stores in trendy districts, using experienced Starbucks managers.” The case further states that Starbucks “then sends local baristas to Seattle for 13 weeks of training. Then it starts opening stores by the dozen.”