Starbucks aims to open nearly 10,000 new stores globally by 2019 and achieve $30 billion in annual revenue. The organizing function will help accomplish these goals by identifying profitable locations for new stores worldwide and organizing sales promotions to attract more customers and increase revenue.
Starbucks aims to open nearly 10,000 new stores globally by 2019 and achieve $30 billion in annual revenue. The organizing function will help accomplish these goals by identifying profitable locations for new stores worldwide and organizing sales promotions to attract more customers and increase revenue.
Starbucks aims to open nearly 10,000 new stores globally by 2019 and achieve $30 billion in annual revenue. The organizing function will help accomplish these goals by identifying profitable locations for new stores worldwide and organizing sales promotions to attract more customers and increase revenue.
Starbucks has said its goal is to open nearly 10,000 new stores globally by 2019.
In addition,the company has set a
Question 6 financial goal of attainingtotal net revenue growth of 10 to 13 percentand $30 billion in annual revenue by 2019. How will the organizing function contribute to the accomplishment of these goals?
- The organizing function of the management deals with the different
arrangements of the resources that are important to accomplish the organizational plans. As the company has the plan to open 10000 more stores all over the world, the managers will try to find out the different countries and locations which have the potential for greater demand for coffee where the company has yet not started its operations.
- This will help the company to identify profitable and revenue-
generating locations all over the world. Once these stores are established and operated, this will result in revenue generation and therefore the other plan of having an increase in the net revenue growth by 13% can be accomplished. Apart from this, the company managers can also organize different sales promotion activities, adding new flavors and product items to the menu so that more customers will be attracted and thus improving the net revenue generation