Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Development and history of Starbucks
Development and history of Starbucks
Challenges with international marketing
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Development and history of Starbucks
Starbucks vs Dunkin Donuts
Starbucks
Our mission: to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time.
The company was founded in 1971 in Seattle, when an English teacher Jerry Baldwin, a History teacher Zev Siegl, and a writer Gordon Bowker decided to open their own coffee shop. Now, Starbucks is the most successful coffee company in the world that serves coffee in 65 countries.
Starbucks offers more than 30 blends of coffee. The prices for the product are high - it keeps the brand desirable. In this way, the main target market of Starbucks are adults from the age of 25 to 40. The coffee houses are designed to satisfy the basic needs of such customers – classic design, minimalism, comfortable furniture and newspapers. This audience has a
…show more content…
higher then average salary, so people can afford an expensive cup of coffee, they are focused on social wealth and have a successful career. For most of this people Starbucks is not just about coffee, it is an integral part of their life style. The second largest target market of the brand are young adults 18-25. Usually students, that can meet in one of the stores, enjoy a free wi-fi. According to the web site of Starbucks company, every employer of the brand is viewed as a partner. This helps the brand to achieve a high-quality service at any coffee-house. Each store has a “worry-free guarantee”: if a customer doesn't enjoy his cup of coffee – he can get another one for free. For the brand every consumer is important, each person can always have a high-quality service. Starbucks makes the experience of getting coffee more personal, each buyer gets a “personal cap” - the cup with his name on it. Starbucks web-site says that the brand is dependent on environment, so it helps to safe the environment: each store has LEED certification, cups are made of paper that helps to recycle them and reuse in future , the brand has a participation in coffee beans farmers' lives. As Starbucks company originates in Seattle, the brand provides a lot of support to this city, arrange events and has partnerships. Starbucks has strong brand identity and word of mouth that makes this brand hard to compete with. Dunkin' Donuts Dunkin' – your place for coffee Dunkin' Donuts brand was founded in 1950 by William Rosenberg.
It started as a donut place, but due to high contention in a fast food production, in the mid-1990 the brand became more coffee-orientated. From that time DD is known more as a coffee place.
Dunkin' Donuts offers 55 different types of coffee for affordable price. The position of the label is to serve the product for everyone who needs it. Dunkin' Donuts target market are American workers from 18 to 60 years old that would like to have a fast service, they have an average salary that can cover coffee-break expenses. As brand offers donuts in their stores it makes it desirable for kids, so children could make their parents come to a cafeteria.
A design of each coffee-house includes brand's colors – pink and orange. It makes each place look rosily and attract new customers to come in.
A lot of customers are worried about styrofoam cups that the brand uses to serve the product.
Similarities
Starbucks and Dunkin' Donuts offer coffee that is easy to reach. Both of the brands have a lot of stores world-wide. Some of their stores work 24/7, and have drive-through
option. Each company gives card for loyal customers, that can help them to have benefits, such as discount, free cups of coffee, or a free birthday drink. Both of the companies buy product placements in different films. Both are word of mouth driven. Video commercials of the companies are hard to remember. The brands have official pages in the most popular social networks, it helps them to collect a feedback or any suggestions, analyze it, improve stores' service. Starbucks positioning statement: enjoy being special Dunkin' Donuts positioning statement: we are affordable, fast, for everyone
Starbucks Corporation was founded in 1985 and is based in Seattle, Washington. (Bramhall) Company History The story of Starbucks coffee history begins in Seattle in 1971 when the first Starbucks opened at Pike Place Market, which is Seattle's and the Nation's oldest Farmer's Market. At this time, the company was a local coffee roasting facility. That remained their core business until 1982, when Howard Schulz joined the company. He was the new marketing executive and began right away to convince more and more local cafes, upscale restaurants, and hotels to buy Starbucks coffee.
Coffee has been around the market and homes for a very long time now. The first coffee shop in the United States opened in 1697 in New York. Today, nearly two-thirds of americans drink coffee. Coffee is usually associated with 'waking up' or 'staying awake' due to your high caffeine level, and it's invevitable to these two coffee chains be overcrowded during the rush hours in the morning. Coffee shops are always trying to innovate with different coffee flavor or mixtures to make them standout more than the other competitors. Starbucks and Dunkin' Donuts are the two coffee chains most popular in the United States. Starbucks was founded in 1971 in Seattle, Washington. While Dunkin' Donuts has been a bit longer around the market, being founded in 1950 in Quincy, Massachusetts. Dunkin' Donuts is famous for your convencience and for your coffee accompainments as donuts and sandwiches. On the other hand, Starbucks gets the customer's attention with its stress-free athmosphere and the extensive options of coffee mixed drinks.
Coffee, one of the world’s most known beverages. Seen being drinking at work places, colleges, or in the convenience of your own home. There are a variety of companies that provide us the people with coffee. It can be your local market, bakeries, or even fast food places. 3 places that stand out and our known very well for supplying Americans with coffee is Starbucks, Dunkin Donuts, and McDonald’s. From their strategic advertising, deals, and even straight down to the design of their cups, they meet the definition of marketing. We will be examining these 3 companies using the marketing mix which consist of product, price, place, promotion and also cover value based marketing and see how these companies meet these definitions and how they satisfy their customers as well.
In 2002, unexpected findings of a market research showed problems regarding customer satisfaction and brand meaning for Starbucks customers. The situation was unacceptable for a company whose overall objective is to build the most recognized and respected brand in the world. Starbucks was supposed to represent a new and different place where any man would relax and enjoy quality time, alone or with others. But the market research showed that in the mind of the consumers, Starbucks brand is viewed as corporative, trying to expand endlessly and looking to make lots of money. This huge gap between customers' perception and Starbucks' values and goals called for immediate action.
Dunkin’ Donuts was first established in 1950, in Quincy, Massachusetts, by William Rosenberg. Over the years the company expanded and now is the largest coffee and baked goods chain in the world. They serve over 5,500 retail outlets; selling more than 4 million doughnuts and 2.7 million cups of coffee daily!
One of its biggest strengths is it is one of the top coffee companies in the world. Dunkin Donuts has built a strong brand for itself. The company has over 1000 selections of doughnuts, and its stores are a perfect place for having breakfast and coffee. They have worldwide franchisees, totaling to more than 10,000 locations across 32 countries (Marketing Coach). Dunkin’ Donuts uses the fixed price but yields more which lets it to sell at a lower price because fixed costs are spread over a larger number of components. Dunkin Donuts has standardizations for each location so where ever the customer goes they can expect the same thing. They have control over the supply chain which contributes to lower costs. This is achieved by bulk buying to quantity markdowns, talking suppliers down on price, establishing competitive bidding for agreements, and working with sellers to keep inventories low. Dunkin Donuts has a strong customer loyalty rate, which it cost less to keep customers than to gain new ones. Dunkin has good partnerships with JetBlue, Smuckers, and Keurig. Dunkin does a lot of charity work like feeding the hungry, supporting children’s health, and making sure that neighborhoods are safe and secure ("Brand Power"). Dunkin Donuts has recently launched a green campaign that will building green certified program designed to help franchisees build sustainable, energy-efficient
Dunkin Donuts is one of the most recognizable names in the fast food industry. It dominates the Northeast market. One of its most popular slogans is “America runs on Dunkin”. Their prices are unbeatable for the quality of coffee; all the coffees are mostly under 3 dollars unlike their rival star bucks which can go over 5 dollars for a large coffee. Baskin-Robbins ice cream parlor has been around since the 1940’s and its 31 different ice cream flavors made it stick out. Another one of Dunkin Donuts strengths is brand loyalty. Most Dunkin Donuts customers are repeat, loyal customers. These customers value the convenience that Dunkin offers and the low prices that everyone can afford. These have drive-through stores which helps people get their food and coffee at a quick rate.
Economic- In order to attract and retain its customer base, Dunkin' Donuts must continuously pay special attention to the economic state of this, and every other country in which their stores are located. Because many Americans are in a position where money is tight and sometimes scarce, Dunkin Donuts has to develop a strategy where the customer's dollar can go as far as it possibly can. By offering coffee, baked goods, and a wide range of specialty goods at fairly lower prices than most of its competitors, Dunkin' Donuts is able to gain access to a wide consumer base. With the addition of their ...
The objective of this paper is to perform market research for Starbucks’ President, Charles Shultz to ascertain the possibility of establishing new coffee houses in China. The preliminary research and design for presentation to Mr. Schultz includes: 1) Two to three alternative target customer segments; 2) the types of secondary research used; 3) the problem statement; 4) research questions used to guide the study; 5) major competitors for this market; and 6) the cultural, economic, and political factors that need to be considered in China.
I wonder how Dunkin Donuts got started and were does this delicious coffee come from and how for so many years it has server in this market as one of the best tasting coffee. There are so many other coffee industries on the market like Starbucks. This multi-million-dollar company started selling its coffee and doughnuts to the construction sites back in 1963, as it is known Dunkin Donuts was more known for their coffee then their Donuts. An how was it name Dunkin Donuts were did that name come from I couldn’t believe a four year old boy by the name of Richard S. Snodgrass suggested that it be name what it is today.
...se the size of the cup could undergo minute alteration. Price is a major factor when the current inflation around the world is taking its toll hence discouraging a few prospective consumers.
Gordon Bowker, Jerry Baldwin and Ziv Siegl founded Starbucks in 1971. Their goal was to sell the finest quality whole beans and ground coffees (Starbucks timeline and history, 2004). In 1982, Starbucks had grown to five stores and started serving coffee to restaurants and espresso bars. Harold Schultz was employed as the director of retail operations and marketing. Harold Schultz convinced the founders of Starbucks to open a downtown Seattle coffee bar, which opened in 1984. With the success of Seattle coffee bar, Schultz left Starbucks to start his own company named Il Giornale. In 1987, Il Giornale acquired Starbucks retail operations for 4 million dollars. In addition, Il Giornale changed its name to Starbucks Corporation and opened locations in Chicago and Vancouver, B.C. (Starbucks timeline and history, 2004).
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).
With clear core values towards providing quality coffee, the best service, and atmosphere, Starbucks has enjoyed great success since it was founded 30 years ago. The company has being doing very well for last 11 years with 5% or more store sales increase, even with the rest economy still reeling from the post-9/11 recession. However recent research, conducted to Starbucks, have showed some concerns regarding company’s problem meeting customers’ expectations.