How will the initiative affect sales? Describe risks associated with the initiative and financial effects they may have. Starbucks Strategic Initiative Your Name Here University Name FIN/370 Date Instructor Name Here Starbucks Strategic Initiative In this paper, Team C will describe the relationship between strategic planning and financial planning for Starbucks Corporation. The first topic covers Starbucks strategic planning initiative and identifies a strategic initiative discussed in the organization’s annual report; from this report Team C will describe how this initiative affects Starbucks financial planning. Team C will break down and address how Starbucks initiative directly affects costs and the sales of the company’s financial plan.
With a solid financial plan, the organization can tackle initiatives without the organization finding itself in so many debits they cannot recover. Initiatives can also affect a company’s financial planning, just as it affected Starbucks initiatives. Howard Shultz, the CEO of Starbucks stated, Starbucks has initiatives and plans that include increased stores, operating efficiencies, decreases in cost, and even more long time growth for Starbucks (Starbucks, 2011). In order for Starbucks to increase stores, decrease cost and increase operating efficiencies, they had to create a financial plan for this initiative. When a company, such as Starbucks, starts financial planning, it begins with a firm’s working capital to achieve the company’s goals and initiatives.
Trojan Technologies Joyce Guo is the Senior Buyer for Trojan Technologies which manufactures and sells water treatment systems world wide from their London, Ontario Canada facility. Joyce’s manager Randy Haill has tasked her with the strategic supply chain issue of Global Sourcing. In an effort to help find potential opportunities for lower costs with regards to their components or parts. Currently the majority of their parts are sourced in North America with a few sourced internationally under strategic sourcing agreements. Joyce has identified a list of parts that would be candidates for her global sourcing initiatives to China to reduce costs.
Running Head: Starbucks Marketing Plan Proposal GB530 Marketing Management: Starbucks Marketing Plan Proposal GB530 Heather Conley March 19, 2013 Starbucks Marketing Plan Proposal Upon careful consideration, I have decided to create a marketing plan proposal as an addition to Starbucks’ already-existing line of products. In fact, the product I have chosen for my project is an extension to their already-existing line of drinks sold outside of their independent stores, with a designated target of retail stores (ex. Wal-Mart, Albertson’s, etc). This new product will be called “Starbucks Refreshers.” Refreshers will be a product similar to that of Mio, Kool-Aid, and Crystal Light. The difference between this product and others previously mentioned is that Starbucks will sell drink mixes to be added to water, targeting flavors not already in existence, with Strawberry Lemonade to be the first flavor produced and sold.
An effective mission statement contains the aim of the organization, the organisations primary stakeholders, how the organization provides value to these stakeholders. A business should clearly be able to identify its key market (who is the target client/customer), contribution (what product or service do you provide) and distinction (what makes your product or service unique). Starbucks is a public company operating in the restaurant industry founded on March 30th 1991 by Jerry Bauldin, Gordon Bowker and Zer siegl and was first located at Pike Place Market in Seattle. The business as at November 16th 2011 operates in 20,366 countries with 149,000 employees. The CEO of the company is Howard Schultz.
Sustainability Team A: ECO/415 DR. Guthlac Anyalezu University of Phoenix February 27, 2012 Sustainability Introduction: Economic Sustainability is the ability of an economy, or in the case of this paper, PepsiCo, Inc. to support a defined level of economic production indefinitely (NA, 2011). Team A will define sustainability and explain why it is important for the financial success of PepsiCo. Team A will evaluate PepsiCo and identify the company’s financial stakeholders. Team A will also describe economic and non-economic business decisions that may negatively or positively affect stakeholders. This paper will explain how these decisions may affect PepsiCo’s profits when stakeholder reactions are taken into account and identify
Jory White English 120 Jessica Piek September 22, 2013 “For the Love of Joe: Language of Starbucks in Popular Culture.” Constance M. Ruzich In her 2008 article “For the Love of Joe: Language of Starbucks in Popular Culture.” Constance Ruzich main claim is that Starbucks uses appealing language to not only amplify our craving for caffeine, but Starbucks also uses it to cover up their advertising and how they manipulate people into buying their delicious coffee (Ruzich 428). Constance M. Ruzich is a Professor of English Studies at Robert Morris University. She holds a PhD in Writing from the University of Pennsylvania, and a Masters in English from the University of Pittsburgh. Her research examines the ways in which language practices inform action and shape identity (Robert Morris University 1995). When someone says they are going to get a drink from Starbucks, without thinking, you automatically are filled with images of a high-end coffee shop and can maybe even smell the brewed coffee.
IBM4840 Global Supply Chain Management Section 401 Term Project The Coca-Cola Company Submit to A. Kaimook Numgaroonaroonroj Group Members 1. I Ping Wang 5035206 2. Chokchai P. 5113207 3. Lertlakkana Sakornwimon 5115166 4. Xinlei Dai 5135586 Semester 2/2010 Table of Contents Supply Chain Strategy 3 Visions and Missions 4 Generic Strategy 5 Resource-Based Model 6 Value Chain Analysis 9 Macro-Environment Analysis 10 Industry Analysis 14 SWOT Analysis 16 Reference 17 Appendices 18 Appendix A: Company Background 18 Appendix B: Market Share Around the World 19 Appendix C: Organizational Structure 20 Appendix D: Details of SWOT Analysis 24 Supply Chain Strategy Coca-Cola Supply (CCS) was created earlier this year to make sure Coke products get from the bottler to customers as efficiently as possible.
This report will focus solely on the opportunity in China and the marketing strategy that will be implemented in order to proceed with developing an international presence. Product Strategy The focus product will be tea. A great variety of quality tea will be offered, as this is what the citizens of China value and consume in their daily lives. We will continue to provide the value breakfast and the famous in house made sandwiches. McDonalds and Starbucks have locations in China already, and both have a great breakfast selection paired with a wide variety of gourmet coffees.
Starbucks – Marketing Audit Table of Contents Executive Summary 3 Introduction………………………………………………………………………………...4 Marketing audit objectives………………………………………………………………..4 Marketing audit methodology…………………………………………………………….4 Marketing audit scope…………………………………………………………………….5 External marketing audit………………………………………………………………….5 PEST analysis……………………………………………………………………………..5 Political-Demographics…….……………………………………….……………5 Social/Culture…….……………………………………………..…………………6 Economic…………….………………………………………………………….…7 Technological…................................….………………………………….…..…7 Porter's five model……………………………………………………………………...…7 Micro enviromental………………………………………………………………………..8 Market Trends .........................…………………………………………………8 Competitors………………………………………………………………………..9 Distribution………………………………………………………………………...9 SWOT Analysis ………………………………………………………………………….10 Internal marketing audit…………………………………………………………………11 Marketing Strategy……………………………………………………………………....11 Marketing Objectives…..……….…………………………………………………….…12 Marketing Mix…………………………………………………………………………….13 Marketing productivity audit……………..……………………………………………...14 Marketing functions audit……………..……………………………………………...…16 Marketing system audit………..………………………………………………………..16 Marketing organization audit……………………………………………………………17 Recommendations…………………………………………………………………….…17 Referencies…………………………………………………………………………….…18 Executive Summary Since its foundation in 1971, Starbucks has been workinguncompromisingly to achieve the company objective of becoming the worlds leading coffee brand. Havinggone through various stages of growing pain, today theCompany is operating with over 10,000 stores in 37countries. Starbucks success was mostly a directresult of its aggressive expansion plan, that consequentlyturned the Starbucks coffee beverages into a mostfamiliar and