Professional Documents
Culture Documents
BSBA-HRM-2B
MISSION
“To inspire and nurture the human spirit”
VALUES
With our partners, our coffee and our customers at our core, we live these values:
GOAL
“to be the leading retailer and brand of coffee in each of our target markets by selling the finest quality
coffee and related products, and by providing each customer a unique Starbucks Experience.
SWOT
STRENGTHS
Strong Market Position and Global Brand Recognition: s. Starbucks is also the most recognized brand in
the coffeehouse segment and is ranked 60st in the best global brands of 2018. Further, management focuses
on increasing its global market share by judiciously opening stores in new and existing markets, remodeling
existing stores, deploying technology, controlling costs and aggressive product innovation and brand building.
Products of the Highest Quality: They give the highest importance to the quality of their products and
avoid standardization of their quality even for higher production output.
WEAKNESSES
Expensive Products: While Starbucks does differentiate their products with being high quality and
coupled with the whole ‘Starbucks Experience’, in times of economic sluggishness, consumers will switch to
competitor’s products with lower prices and forgo paying a premium. These premium prices could also pose
some weakness for it to succeed in developing countries.
OPPORTUNITIES
Expansion into Emerging Markets: Starbucks plans to open 600 new stores there in period from 2018 to
2022, expanding their physical footprint to 6,000 locations across 230 cities.
THREATS
Increased Competition: With the market being at a mature stage, there is increased pressure on
Starbucks from its competitors like Dunkin Brands, McDonalds, Costa Coffee, Pete’s Coffee, mom and pop
specialty coffee stores. Another trend which is becoming increasingly popular is specialty coffee roasters such
as Caveman Coffee, Onnit and Black Rifle Coffee.
STRATEGIC TRAINING AND DEVELOPMENT INITIATIVES