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The Key Success Factors Of Starbucks

Decent Essays

The return Of Howard Schultz as CEO in 2008, he brought strategic tools to support the macro-environment changes in the market. The mission statement as per the company profile is as follows:
“Our mission is to inspire and nurture the human spirit –one person, one cup and one neighbourhood at a time.” (Starbucks Coffee Company, 2015)
The constructing culture of Starbucks is to identify and communicate the “winning idea”, which is to spread into the market of coffee by reaching out every potential customer and to stand out competition with the inspiration of human spirit. Therefore, it is imperative for Starbucks to identify its key measures of success to shape tangible and measurable goals.
Hence, Howard Schultz developed the Key Success Factors of Starbucks. These elements enabled to cultivate product attributes, resource commitment and capabilities to attain competitive edge and recreate value for Starbucks. The strategy was to retain the values, corporate culture and principles of Starbucks. Howard Schultz decided to develop its intangible resources like human and innovation through Skills-Related Key Success Factors. He devoted the opening hours of …show more content…

The belief is that when employees will be quality conscious they will provide better services to customers as being the internal customer themselves and they will be able to interact with customers. He also connects with customers by digital media, a website where customers are open to complain or suggest ideas to Starbucks. Starbucks has established a relationship between its baristas and customers where both developed a trust on its brand. A skilful labour force has triggered product innovation capabilities, Starbucks stand out in the market with new product attributes and performance features. The concept of bottled Frappuccino on supermarket shelves and instant coffee, this brought better prospects for customer

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