Liberty University Final Group Paper BUSI520 –B21 Jeffrey Wietholter, Nathaniel Martin, Richard Oros, John Rafoss, Kevin Staples March 7, 2012 Executive Summary Keurig is today’s fastest growing home and business single cup coffee maker. Their invention of the single K-Cup coffee roasting product has revolutionized the coffee industry. Keurig today is a subsidiary of Green Mountain Coffee Roasters (GMCR). GMCR prides itself on producing premium all natural coffee beans and is now providing the coffee for Keurig’s K-Cups. Written below is an integrated marketing analysis of Keurig’s current business.
More than just a high priced coffee shop, Starbucks offers a combination of quality, authority, and relative value. The company sets it price on a simple idea: high value a moderate costs. Starbucks also spends a lot of time and energy on differentiating itself from the competition.
2) Improve the quality of their financial statements by a) implementing improved systems to track inventory and b) updating the manner in which royalty revenue is classified. 3) Increase operational efficiencies by leveraging assets of newly acquired firms while putting a hold on future acquisitions. Who was Green Mountain? Humble Beginnings Now a billion dollar publicly traded company, Green Mountain Coffee Roasters began as a local café in Waitsfield, Vermont. The small business venture roasted their own top quality Arabica coffee beans, distributed coffee to local restaurants and inns, and positioned themselves as coffee roasters, not just distributors.
Top executives at Starbucks realize the importance of preparation and planning. The link between these two words promotes sound business decisions and goals for the company. This is defined in their mission statement “To establish Starbucks as the premier purveyor of the finest coffee in the world while maintaining our uncompromising principles as we grow (Starbucks.com, 2009) defines how the company sells the highest quality coffee beans and best tasting coffee products by following firm yet practical standards to acquire the highest quality of coffee beans throughout the world. Starbucks overall mission is “To inspire and nurture the human spirit— one person, one cup, and one neighborhood at a time” (Starbucks.com, 2009), further defining how management interprets employees as well as how their coffee affects the community through interaction, whether just for one moment or over a period of
A comparison of net revenues (excluding specialty operations, which are broken down in Exhibit 1) and store growth reveals a pattern of diminishing returns (Exhibit 2). This might contradict Day’s view that “significant cannibalization…was more than offset by the total incremental sales associated with the increased store concentration. Caribou Coffee, a competitor, differentiated itself from Starbucks by focusing on store environment, whereas Peet’s Coffee and Tea positioned itself as the freshest coffee on the market. Evidently there were thousands of independent specialty coffee shops which were in a position to provide “highly personalized service to an eclectic clientele.” Furthermore, Dunkin Donuts, a 3700 store chain, was generating half of its profits from coffee and positioned itself as a fast service coffee-to-go brand. Despite this intense competition Starbucks is estimating that by 2005 would own approximately 20.5% of the US retail coffee market (Exhibit 6 in Case Study).
Strategic Initiative Paper FIN/370 March 12, 2012 Rick Schultz Strategic Initiative Paper A strategic plan is an important component of any organizations success. With a solid strategic plan in place an organization will have a clear understanding of: * What they do, * Who their customers are, and * What risk factors they face (Titman, Martin, & Keown, "Section 17.1, An Overview of Financial Planning," 2011) Having a clear understanding of what an organization does enables them to compare every activity in the organization against their mission. For example, at Starbucks their primary objective is to maintain their standing as one of the most recognized and respected brands, as a premier retailer of specialty coffees
Task 1 P1: Describe the type of business, purpose and ownership of two contrasting businesses Introduction: In this assignment I am going to introduce of both my selected businesses and in my case my selected businesses are Starbucks and Warung Tegal. The activities that both of the businesses have, a description about each of the business types, the purposes (aims and objectives) they have and the form of ownership. Starbucks. Introduction Starbucks. Starbucks is an international coffee business from the United States and has over 20000 shops over 62 countries.
That is why in my assessment I will try to look closely to the company, see how it operates as well as will try to implement company strategic plan while comparing it to other similar brands in the market. Executive Summary Starbucks Corporation has arguably been the most successful coffee chain in the past few decades, using their aggressive expansion strategies to push out much of its competition. Through its expansion, Starbucks has focused on creating a dense network of stores all around America, while also opening up new locations all around the world. By leading the retail coffee market, Starbucks is able to sell its coffee for a premium price and increase their profitability. Its success can be seen in the gradual rise of its stock prices from 1992 till 2011.
Starbucks is one of the most successful companies of the US, which is well-known nationwide. Throughout its history, the company has reached outstanding results, becoming one of the leaders in the national market. At the same time, the time is changing and the process of globalization contributes to the growing competition, while the company’s administration perfectly realizes that Starbucks needs continue to progress. Otherwise the degradations is inevitable. In such a situation, it is extremely important to choose the correct strategy of the further development of the company.
CoffeeTime Research and Decision Making CoffeeTime is an organization specializing in acquiring and roasting some of the most exquisite coffee beans. These coffee beans are sold and blended to create coffee beverages bought in coffee bars in North America and Europe. CoffeeTime can be described by the customers as, “…a great place to hang out” (University of Phoenix [UOP], 2002). “For millions of American and Europeans, CoffeeTime stands for the celebration of coffee. Mocha Italia in the morning.