Stakeholders of starbucks

Almost every type of organization has stakeholders who are members of all levels of an
organization. Members who have an interest in a business or an organization.
Stakeholders can have a huge impact on a company's operations and financial
management. This type of person or group can have a big impact on whether a task
succeeds or fails. Such individuals or groups can have a major impact on the success
or failure of a business venture.

Starbucks is the world's largest coffeehouse chain. Starbucks is in the coffee industry.
So in that case they have to deal with serving the customers, getting quality coffee
beans, and market forces. Starbucks has 7000+ locations worldwide. The largest
coffeehouse chain in the world which is one of the largest food service outlets in these
places. The major holders of Starbucks are employees, customers, suppliers and
stockholders.

Employees

Starbucks total number of employees in 2020 was 349,000. Employees, both part-time
and full-time, are all critical stakeholders. Starbucks employs a large number of workers.
If they stay consistent, the business will expand and reach a larger number of profit and
also will create impact to generate more money.

Customers

Starbucks works with a number of different coffee companies that offer a wide range of
flavours, and they are all stakeholders in the business. In this scenario, money is a
major factor. Gordon Bowker, Jerry Baldwin, and Zev Siegl are the key funders. They're
all involved as stakeholders.

Suppliers

Starbucks has 4 key suppliers. These are Regency centers, First Capital Realty, Tingyi
Cayman Islands Holding Corp and Dean Foods. To reach out to its customers and
communities, Starbucks works with a range of suppliers and media channels. In some
way, they're all engaged. They have participated in several coffee-related events and
activities, including the Food EXPO and the World Coffee Championship. They have
collaborated with a large number of suppliers and distributors for these events. They
also collaborated with Barista Magazine. There are a lot of locations where Starbucks
serves their work through their business model. As a result, all of the communities are
stakeholders. Starbucks Pop-Up Parties and Veterans Day at Starbucks are examples
of how they seek to expand and interact with more people. In effect their company's
growth.

Stockholders

Stockholder is the synonym Shareholders which means they are the owners of an
organization. So in that case Starbucks also has shareholders and the list is quite long.

Stockholder Stake Shares owned

The Vanguard Group, Inc. 7.91% 93,276,305

BlackRock Fund Advisors 4.29% 50,596,589

SSgA Funds Management, Inc. 3.97% 46,846,120

Magellan Asset Management Ltd. 2.46% 28,992,998

Geode Capital Management LLC 1.71% 20,109,266

Northern Trust Investments, Inc 1.46% 17,152,739

T. Rowe Price Associates, Inc. 1.23% 14,519,152

Loomis, Sayles & Co. LP 1.14% 13,443,871

Polen Capital Management 1.10% 13,000,370

Norges Bank Investment Management 0.99% 11,632,077

Starbucks administration is dedicated to advancing the business strategy and

increasing the value of the company for the benefit of stakeholders. All of these
shareholders have the right to audit the books and records of the business.They have
the ability to sue the corporation for violating the managers' and officers' laws. Also they
can take advantage of the business's announced dividend.
 Critical Stakeholders

Customers, investors, communities, and workers will all be considered as critical

stakeholders. Because one form of critical stakeholder is one who is actively involved in
the creation and implementation of a strategy, technique, or proposal.

Starbucks employees, customers and suppliers are internal critical stakeholders and the
external stakeholders are competitors.

First, let’s look at the customers.Customers who put their money into the business and
are directly involved in its activities. If something goes wrong with Starbucks' service or
their process, then the consumer will be affected negatively. As a result, when
Starbucks delivers excellent coffee, it enhances the image of the coffee chain industry
and the customers they serve. Starbucks provides their signature coffee which they are
famous for also they serve ice-cream and bottled cold coffee drinks. Which means they
are directly engaged with the customers through their coffee chain. Also they have to
face few internal and external issues such as competition, technological factors and
economical factors.

The next one about the employees.Employees are always an essential part of any
business. The employees at Starbucks, combine their hard work and creative thoughts
for the best possible outcome. Their work benefits the reputation of their business and
has a significant influence on the larger coffee chain industry. As a result, the workforce
is a vital partner.

Starbucks is known for offering only the best whole bean coffee and coffee drinks. They
handle coffee sourcing, drying and packaging. Global distribution of coffee is an
important sector of their activities, just to ensure the right quality of coffee. Which
clarifies that the suppliers play a vital role in their business and they are internally
related with their business operations.

Now let’s look at the external stakeholders. The competitors of Starbucks are the
external stakeholders.External competitiveness relates to how businesses engage their
employees in comparison to other companies.
Because of the competitiveness they are fighting with Dunkin’ Donuts and McDonald’s
in recent years. When Dunkin started marketing their "America Runs on Dunkin"
marketing, it indirectly started a war against Starbucks. On the other hand, Starbucks
has created a conducive environment for its customers to have a strong position in the
market. McDonald's surpassed both Starbucks and Dunkin' after introducing flavored
and iced coffees in the mid-2000s. But Starbucks did research on their consumer
mindset and continued to understand what they really prefer. Consumers unspoken
wants, and the circumstances in which they utilize products This battle refers to how the
food chain competes and functions against Starbucks competitors. However this
competition indirectly influences the market of starbucks. This created a competitive
advantage for Starbucks and it’s sustainable.