Starbucks’ Business Strategy and Risk Management

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TABLE OF CONTENTS: Executive Summary............................................................................................................. 3 Introduction.......................................................................................................................... 4 Body..................................................................................................................................... 5 Strategic Goals.........................................................................................................5 Business Strategies...................................................................................................6 Functional Strategies…………................................................................................8 Risk Management and Responses......................................................... .................10 Role of Board of Directors……………………………………….………………..12 Conclusion.........................................................................................................................13 Appendices........................................................................................................................14 Bibliography................................................................................................................. .....15 EXECUTIVE SUMMARY This report provides a broad discussion on Starbucks’ strategic goals, business strategies, and functional strategies. Using Michael Porter’s strategic analysis framework, several analyses and examples were done to understand how Starbucks gain its customer loyalty and brand. Risk management and its respective responses are also discussed how Starbucks’ “unconventional” approach has been successful. INTRODUCTION According to Statistics Canada, coffee consumption is ranked second

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