Costa Coffee
Costa coffee is a multinational company which was founded in 1971 by Costa brothers in London with the headquarter in Dunstable, Bedfordshire. In the beginning Costa Coffee was a wholesale operation supplying roasted coffee to caterers and specialist Italian coffee shops.
Costa Coffee have 3401 stores across 31 countries, is the second largest coffeehouse chain in the world behind Starbucks and the largest in UK. The biggest competitor of Costa Coffee (£153 million) is Starbucks (US $ 2.76 billion), Caffe Nero and Wild Bean Coffee.
PO1. In the first question will cover the differences between “for-profit”, “non-profit” and “non-governmental” organisations, then three sectors in any economy including “public
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Public sectors are to provide the governmental services to the citizens who do not seek to generate profit. For example, in Canada a Highest corporation is an initiative owned by the Crown (or Queen) but still can role like a private initiative. The BC Lottery Corporation is a local Crown company and in 2013/14 made $1.17 billion dollars of net income that it was able to directly invest back into BC’s provincial economy.( http://www.privacysense.net)
The voluntary sector is sometimes known as the third sector because it exists in neither in the public not in the private sectors but fulfils necessary roles in a free market economy. The voluntary sector is composed of businesses known as non-profit organizations. These organizations are predominant in areas specializing in technical research, medical services, agriculture, religion, disaster relief, philanthropy, and the arts.
The private sector of economy is divided in 4 categories: Sole trader Partnership Limited companies: Private (LTD) Public (PLC) COOPERATIVES
SOLE TRADER is a company where one person provides the company in financial returns, that person can keep the profits having full control of the company (for ex: the street shops). This kind of companies is easy to set up, the owner
A private sector is usually composed of organisations which are privately owned and not part of a government; whereas a public sector is composed of organisations that are owned by the government and voluntary sectors are composed of individuals of who seek help in charitable activities. Private sectors include corporations such as partnerships and charities, like the voluntary sectors, and the public sectors include corporations such as federal, provincial, state or municipal governments. An example of a private sector is a retail store or credit unions, and example of a public sector is an educational or
The Voluntary Sector is often referred to as the Third Sector or ‘Not for Profit’ Sector. Whist they do not exist to provide profit for shareholders, they need to generate income.
* The company cash flow is unreliable especially in the early stages of a new product development
Costa Rica now provided raw material for Starbucks which accounted for about 15 percent of the total coffee beans Starbucks needed every year. Costa Rica as one of the raw material suppliers plays an important role in global value chain. Coffee has played a pivotal role in the development of Costa Rica. It has shaped social, cultural and political institutions and is still one of country’s major agricultural exports. (Anywhere, 2016) The global value chain in this coffee industry can be described that Starbucks, the centre in this coffee global value chain, purchasing raw materials (coffee beans) from coffee farms in Costa Rica, reprocessing and reproducing in retail shops, selling the finished products (various kinds of coffee) to customers in the world.
If one were to take a survey in communities regarding for-profit and nonprofit sectors, would the results indicate knowledge and understanding of the differences amongst the sectors or would the results show a trend in people recognizing organizations by the services and products they administer, rather than the sector they belong to. With a multitude of organizations providing services to and for the people, how does an organization continue to flourish while a similar organization dissolves? In the book Good to Great and the Social Sectors, Jim Collins differentiates the social sector from the for-profit sector according to five issues: (1) Defining “Great”; (2) Level 5 Leadership; (3) First Who; (4) The Hedgehog Concept; (5) Turning the
Not for profit organisations consist of organisations that are not run for the profit or personal gain of individual/s. They are often referred to as charities and provide benefit services to society, often encouraging people to band together by sharing resources to achieve a common goal. Profits can be obtained by these organisations but must applied for the organisations purposes. These organisations include Surf life-saving, Churches, and Salvation Army etc. (Sessoms, 2014).
Non-profit organizations include, but are not limited to: Fraternal beneficiary societies, orders or Associations, cemetery corporations and corporations organized or trusts created for religious, charitable, scientific or educational purposes or for the prevention of cruelty to children or animals, home owner associations, business leagues or organizations not organized for profit but operated exclusively for the promotion of social welfare, as well as clubs organized and operated exclusively for pleasure, recreation and other non-profit purposes. The net profit of these organizations cannot benefit any private stockholder or member. An unwarranted salary, however, may cause a corporation or organization to lose its nonprofit status.
In total revenue, Costa Coffee showed £807.7 million in 2014, increased 20% (Whitbread PLC Annual report and accounts 2013/14, 2015) and the Turnover stated £6433.427 million. On the other hand, Starbucks Coffee showed £405.6 million in
Gerry Ford set Caffe Nero up in 1997. His ambition was to bring a continental-style café to Great Britain with authentic Italian coffee, extremely good customer
Costa Company is one of Australia’s largest grower, packer and marketer of premium quality for fresh fruit and vegetables. In 1930s, Tony
The Costa mission is to save the world from mediocre coffee, and that sentiment is echoed in everything the company does. The goal of every Costa enterprise is to leave a lasting positive impression.
Non-profit organizations do not belong to the commercial sector or the public sector, but occupy an intermediate position. It gives
Small businesses are mighty minnows, reflecting the competitive spirit that a market economy needs for efficiency; they provide an outlet for entrepreneurial talents, a wider range of consumer goods and services, a check to monopoly inefficiency a source of innovation, and a seedbed for new industries; they allow an economy to be more adaptable to structural change through continuous initiatives embodying new technologies, skills, processes, or products (Ibielski 1997, p. 1).
Costa coffee in Egypt faces high direct competition where around almost every corner in the cities, a coffee shop exists. Therefore, product differentiation is a must, and persistent high-quality is the way to keeping customers. Whichever Costa Coffee shop you enter, you are greeted the same, indulge in the same taste and pay what you see in the menu. Menu prices are tax inclusive which is different than most of other coffee shops.
A Non-profit Organisation (NPO) is an establishment that uses its funding for the pursuit of a specific purpose such as for a charitable cause (Lorette, 2015). It is different from a for-profit organisation as its objective is to provide greater good to the society rather than to maximise the wealth of its stakeholders. The surplus revenues of an NPO are used for either its expansion, self-preservation or plans and no part of the profit is distributed to its members. NPOs are increasingly starting to operate like traditional business organisations as strategic planning and marketing is imperative for their survival.