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Starbucks recreating its uniqueness
Starbucks recreating its uniqueness
Distinctive competence of Starbucks
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1. How did Starbucks create its uniqueness in the first place?
Starbucks Uniqueness
Starbucks grew from a small business establishment to being one of the most successful Coffee Companies. It is the uniqueness of Starbucks that enabled it to be a successful company. This has created a sense of uniqueness among the customers. This is more surprising since the company hardly puts up billboards.
Its uniqueness is attached to its services and products. There is the concept of perfect coffee cup which has always maintained. The company has demonstrated that quality is the most important factor to win customers. The company is also known for designing another third place where people can check in after work; relax with friends in a welcoming and friendly atmosphere. This is a very crucial unique idea that the company developed so as to attract customers.
The company also explored the concept of customer satisfaction in order to be outstanding. It ensures the customers are satisfied by the “Starbucks coffee experience”. The company ensures that this experience is felt by the time a customer steps in its coffee store to the time of leaving .
The company also created a new concept of a community around its brand. This creates a unique feeling to its customers since they are allowed to share their Starbuck experience online with the entire community on the website .
The word of mouth strategy is one of the unique characters that the company adopted. This is a very difficult strategy for any business to adopt. In this strategy the company decided to adopt the word of mouth as a way of advertising. This has been a distinguishing character of this company with a policy that, “let the high quality of the products and services speak for themsel...
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...ney, How Starbucks lost its 'fidelity': In the trade-off between quality and convenience, the coffee juggernaut fell into the trap of becoming too familiar, (http://money.cnn.com/2009/09/16/news/companies/kevin_maney_starbucks.fortune/) viewed on 2/10/14
8. ForbesWhy Apple Is a Great Marketer, (http://www.forbes.com/sites/christinemoorman/2012/07/10/why-apple-is-a-great-marketer/) viewed on 2/10/14
9. Eisenhardt, Kathleen M.; Martin, Jeffrey A. (October 2000). “Dynamic Capabilities: What are they?”, 21 (10/11): 1105–1122.
10. http://www.starbucksexperience.net
11. David J. Teece, Gary Pisano, and Amy Shuen (August 1997). “Dynamic Capabilties and Strategic Management”. Management Journal, 18 (7): 509–533.
12. Harvard Business Review: The True Measures of Success by Michael J. Mauboussin (http://hbr.org/2012/10/the-true-measures-of-success/ar/1), viewed on 2/10/14
Great quality products, customized, served in clean, convenient placed stores for everyday coffee, friendly and fast serving, everything in a pleasant atmosphere - these were just few factors that lead to the great success of Starbucks during the nineties. Their USP was a place where every American could escape from home or work, for a coffee drinking ritual; high quality coffee, according to each customer's taste, served in a special, intimate ambience. Their image was supposed to appeal to anyone, being based on the idea of community, "exploiting" the need of people to interact with each other, in a "third place", away from home or work.
For one of my selections for buying stock, I invested into Starbucks, this company has attracted me with their wonders of different coffees, and I knew many others were interested in the very popular coffee company. Starbucks all started 1971 in Seattle Washington. With three men which were Jerry Baldwin, Zev Siegel and Gordon Bowker each of them put in one thousand three hundred and fifty dollars along with a barrowed five thousand from the bank to start up there small coffee shop in pick place market, witch is located in down town Seattle. The name for this company was inspired from the character Starbuck from Moby Dick; this character was a coffee lover. There close friend designed there well known logo. These men never thought of this small company to get large they just thought of it as a small coffee shop. Out of all three men Siegel was the only one that work at it full time. The men depened on a man named Alfred Peet for there coffee beans but soon then started there own blends of coffee beans. With in a year opening the first store they were able to open a second store. When the 1980’s rolled around, it was a thriving company, in the Seattle area. However, the co-founders began to have other interests and were involved in other careers simultaneously. Despite that, the company was about to undergo a major turning point. A man by the name of Howard Schultz started to pursue an interest in the company. He noticed that the coffee shop had a wonderful environment. He started asking a questions and becoming more and more interested by every moment. He loved how the founders had so much knowledge on the coffee and each blend. In 1982, Schultz became director of retail operation. This was just the start to a new phase with the company.
Adner & Helfat 2003, ‘Corporate effects and dynamic managerial capabilities’, Strategic Management Journal, Vol. 24, pp. 1011-1025.
Starbucks Coffee, Tea, and Spice opened its first store in April 1971 in the Pike Place Market in Seattle, by owners who had a passion for dark-roasted coffee that was popular in Europe, but hard to find in the U.S. (Harrison et al., 2005; Venkatraman & Nelson, 2008). The company’s mission was to provide Seattle with the best access to dark-roasted coffee, and sought to educated customers about the product. As a matter of customer education and acceptance of the product, Starbucks grew and expanded into the successful domestic market it is today. Much of this success can be attributed to a focus on the total customer experience and s...
In addition to being best-known supplier of the finest coffee and promising only the highest quality products, Starbucks emphasizes firm values, provides guidelines to enhance employee self-esteem. This is to ensure continued customer satisfaction. Moreover, diversity has become a priority to providing an inviting environment to all consumers. Starbucks continues to abide by a strict, slow growth policy in which they set out to dominate a market before moving on to expand, thus history has shown this strategy to be successful for Starbucks, making them one the fastest growing companies nationwide.
The 'Second Sparking Innovation through Learning. Crawford, A (2013). The 'Secondary'. Why the Best Success Stories Often Begin With Failure? Reuters, T (2013).
Starbucks is currently the industry leader in specialty coffee. They purchased more high quality coffee beans than anyone else in the world and keep in good standings with the producers to ensure they get the best beans. Getting the best beans is only the first part, Starbucks also has a “closed loop system” that protects the beans from oxygen immediately after roasting to the time of packaging. They did this through their invention of a one-way valve which let the natural gasses escape but keeping oxygen out. This gave them the unique ability to ensure freshness and extended the shelf life to 26 weeks. Starbucks isn’t only about the coffee, it’s also about a place where people can escape to enjoy music, reflect, read, or just chat. It is a total coffee experience. The retail outlet has been responsible for much of Starbucks growth and has contributed substantially to their brand equity.
This quote explains that the company cares more about growth than quality. It is important to think about growing, but according to the article, some people think like this about the corporation because of the competition between the coffee shops like Dunkin’ Donuts or other reasons. Furthermore, based on the research, the idea of having “Customer Snapshot” proves that the company cares about quality and service. According to the article, the Customer Snapshot is a measurement of service performance that Starbucks has. Basically, they lead the customers to rate them based on some of the basic services which are cleanliness, product quality, and speed of service. In addition, this quote supports the idea of having best ethical service, “The last thing we want to do is win the argument and lose the customer” (Moon). The company cares about the customers, quality, service, and growth. This shows that the company wants to improve and be better and have the best ethical services that make people want to be in their third place. And they will encourage others to try and have an amazing experience in Starbucks same as
Founded in 1971 at Seattle’s Pike Place Market, Starbucks Coffee, Tea and Spices, as it was originally called, has been “brewing-up” its famous blends in over 43 countries, including the United States. Now called Starbucks Coffee Company, business isn’t just about the coffee and tea anymore. Starbucks has its own line of bottled water, handcrafted beverages, fresh food, entertainment, merchandise and a Starbucks Card. The company has received numerous awards for their outstanding business practices. Fortune Magazine has ranked them as one of “The Best 100 Companies to Work For” in 1998, 2000, 2002, and 2008 (Starbucks, 2008). The Starbucks Experience provides consumers and the general public a direct line a of business communication. From friendly baristas to press releases from CEO Howard Schultz, Starbucks keeps its “partners” informed.
Starbucks is an international coffee house and it was created in 1971 when they opened the first store in Seattle, Newcastle. Currently, they own 21,000 stores in 65 different countries of the world, and their passion for the great coffee, excellent service and community interaction exceeds cultures and languages (Starbucks, 2014). This company is the number 1 brand coffeehouse chain in the world due to the best roaster, marketer and seller of speciality coffee. Its main slogan: “Our mission: to inspire and nurture the human spirit – one person, one cup and one neighbourhood at a time” (Jurevicius, 2013).
Starbucks – one of the fastest growing companies in the US and in the world - had built its position on the market by connect with its customers, and create “third place” beside home and work, where people could relax and enjoy others or themselves. It was the motto of Starbucks’ owner Howard Schultz and mostly thanks to his philosophy; company has became the biggest coffee drink retailer in the world. However, within the new customer satisfaction report, there is shown some concerns, that company has lost the connection with customers and it must been taken some steps to help Starbucks to go back on the right path regarding customer satisfaction.
"Rewarding everyday moments". The Starbucks Mantra clearly implies that they are not selling just coffee. They claim to be selling the coffee experience. Their coffee bars that sell specialty coffee also gives customers an ambience where they can be themselves. Starbucks advertises themselves as the third place between home and office, where you can escape, reflect, read, chat or listen. They have become the largest player in the coffee industry and is still looking for avenues to expand themselves.
Caf? Expresso, as the first mover in the coffeehouse marketplace, which has expanded quickly and become one of the ?big three? players in the global coffee shops chain. However, recently this company is continuously facing a lot of problems in terms of its staff, easy-copied business model and product range, resulting this company lost its leading position to the number three. Therefore, its adjusted visionary goal is ?return Caf? Expresso to the number one position in the marketplace? (Beardwell, 2010). To achieve this goal, Caf? Expresso identifies ?the coffee drinking experience? is significant to achieve competitive advantage and customer value-added, which was delivered through three key elements (graph 1),
Starbucks is a worldwide company, known for is delicious brews of coffee and seasonal varieties of tasty drinks for any occasion. Starbucks opened with two main goals, sharing great coffee with friends and to help make the world a little better. It originated in the historic Pike Place Market of Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker. The creation of Starbucks’ name came from the seafaring tradition of early coffee traders and the romance evoked from Moby Dick. At the time, this individual shop specialized in the towering quality of coffee over competitors and other brewing services enabling its growth to becoming the largest coffee chain in Washington with numerous locations. In the early 1980s, the current CEO Schultz saw an opportunity for growth in the niche market. After a trip to Italy he brought back the idea of a café style environment of leisure and social meetings to the United States we now see in Starbucks locations today. Schultz ultimately left Starbucks to open his own coffee shop, Il Giornale which turned out to be a tremendous success. Fast forward a year later, Schultz got wind that Starbucks was going to sell all their components of Starbucks including their stores and factories, he immediately acquired the funds to buy Starbucks and linked both operations. Within five years he was able to open more than 125 stores starting in New England, Boston, Chicago, and gradually entered California. He wanted Starbucks to be a franchise system based on the mission of telling the truth and emphasize the quality,
Starbucks, for example, has achieved the “trust” of their costumers by taking the necessary steps to become environmental friendly. How? Starbucks has been very ingenious executing their marketing and social strategies, and this is exactly what has been helping them become a very successful and recognizable company. From “hipsters,” to baby boomers, Starbucks have taken the right marketing strategies that played a very significant part in their growth. This company has adopted the use of social media as their principal marketing strategy involving more than six social platforms such as: Instagram, Facebook, Twitter, Pinterest and more. It is more than obvious that Starbu...