Batch: 2019-21 Trimester: 3rd Course Code: IT 301 Course Title: SMBD Date: 08/04/2020 Day: WEDNESDAY Start Time: ___11.27 AM_______________ ANS 1.1) The main strategy adopted by Starbucks is the introduction of new technology into their business which attracted customers, along with that with the use of this technology they also make the loyal customers by binding them with the mobile app by giving them incentives. They maintained their dominant position in coffee shop despite of highly competitive market by introduction of mobile app and online payment. They also made use of social media platform were customers enjoyed uploading their star bucks reward and hence increasing publicity of brand.
Ans 2.2) In early 2009, Starbucks introduced components of smaac
stack into their business, they made use of social and mobile technology for gaining the competitive advantage. Introduction of this technology widens their scope of business. They introduced the mobile payment application in which customers get a 2d barcode which they can scan and make their payment, customers find this attractive and more convenient mode of payment, they refer it as fastest way to pay. This app makes customers generous about the technology they adopted and attracted them to visit the shop. This app also allows customers to check their balance, recharge their star buck balance through credit card or paypal which is very convenient for the customers. They can also locate nearest strarbuck shop with this app. Along with this mobile app Starbucks also started offering rewards to the customers which makes them loyal customers and force the customers to visit the shop regularly to get benefit of the rewards, this process of rewarding the loyal customers binds the customers to Starbucks and customers are willing to visit the store regularly. Another use of technology Starbucks made is the use of social media, customers upload the rewards they get from Starbucks on social media, this makes the brand to gain publicity through social media, more and more customers upload their rewards and in this way Starbucks became popular among more number of customers and thus widens the business to wide extent. Customers find it prestigious if they get more reward from Starbucks, so the competition among the customers begins to get more Rewards and, in this way, social media became platform for the Starbucks to expand the business more. In this way mobile app and social media helps starbucks to gain competitive advantage, as customers find it convenient way of payment and also, they get security of their financial transaction using this app. Social media widens the business as it increases the publicity of the brand to grater number of customers, it leads to greater efficiency and productivity. Ans 1.3) Starbucks give my star buck rewards to the loyal customers, this reward is in the form of incentives, the customers who habitually buy and pay through mobile app gets more reward points, ad gets free drinks and snacks. Customers find it prestigious if they get reward from the starbucks and upload it on social media sites like Facebook and twitter, this make loyal customers for starbucks along with that the brands name reach to more and more people with this kind of publicity, This increase efficiency and productivity of brand. Ans 2.2) Being an information technology consultant, to resolve the issues faced by the Mrs. Agrawal and taking her business to next level, I would recommend her to take her business to online platform. As social media can be a good platform to take the business to next level. Here she can make use of social media platform such as Instagram, Facebook, printrest to display images of various designs of garments of her brand. This will increase the reach of business to more and more number of customers which in turn can expand the business, I will also recommend her to advertise about requirement of expertise designer on sites such as linkedin Naukri etc, from were she can get employees worth for her business, along with that, To take the business into next level, there can be certain strategies which will surely help as market research as she has done her post graduate in economics. As she can conduct the meeting regarding the work ethics and she can also set certain rules and regulation in the business that after this no one can come late, like the basic ethics that can help her to resolve her problem while meeting customers demand. She can also have customized business in systemized order like working in a systematic manner. To take business online which really help her as she won't be requiring much space for that and also not much workers. One of the best things is taking business online is that it does not cost much and it will attract more customers as many people are into internet, by establishing the business on internet will help her in business to grow and expand. There she does not have to do much walking like she did in local market with her samples, she has to be just sit and work. There many beneficial features of the internet for establishing the business online, by creating website for the business, she can develop her own website and upload her designs and much more. By having her own website, she can also get feedback like what she can more improve in her designs as well as in her business. By taking business into online. she generates profits that is one of the main motives of any business. Ans 2.1) According to case study, business of Mrs Agrawal is in initial phase and the information available for evaluating Mrs Agrawal is limited. However, some major issues faced by Mrs Agrawal is lack of planning, decision making and leadership qualities. Any business requires initial planning to setup and expand, in case of Mrs Agrawal she doesn’t make the proper plan about her accounts, her workers, about capacity she required for setup, manpower and pricing of the product, this leads to unappropriated decision making and thus she faced problem in business. She is good human but not good leader, being an entrepreneur, you need to be time bound and need to make your workers time bound which Is the primary requirement to make business successful. In case of Mrs Agrawal she provides relaxation to her employees in terms of time, due to this supply of orders cannot match with demand which is harmful for any business, this may shift customers to competitors, so this is the area of improvement for her.