Tahj Tolbert Salihah Clinkscale Jeremey Ingrim Founded in 1971 Seattle, Washington Pike Place Market The name was inspired by Moby Dick Over 15,000 stores 50 Countries Zev Siegel Jerry Baldwin Gordon Bowker Named chairman and CEO of Starbucks in 1982 Howard Schultz’s Vision He had a vision to bring the Italian coffeehouse tradition back to the United States. A place for conversation and a sense of community. A third place between work and home. Our mission: To inspire and nurture the human spirit – one person, one cup and one neighborhood at a time. Our Motto: “We are not in the coffee business, serving people. We are in the people business, serving coffee”. Starbucks Coffee Company’s reputation is so exceptional The company must maintain the outstanding brand reputation. Due to such rapid expansion Starbucks must keep quality as their first priority. Place Promotion Product Price Product Hot or cold beverage Price Ranges from $2 to $5 Promotion Happy Hour Place US, UK, Japan, and Canada Maximize market penetration Provide a relaxing, attractive social place Offer high quality products Create a great working environment Achieve profitability Brand Marketing Innovation Smart Partnerships Creating a Starbucks Community “Perfect Cup of Coffee” Third place between home and work Customer Satisfaction Target Market Percentage Adults Young Adults Teens and Kids Gourmet Coffee Regular Drip Coffee Non-Coffee Beverages Bottled Coffee Starbucks Panera Bread Cash Cows Dunkin’ Donuts Strengths Strong global bran Strong financial foundation Unique promotional products Weakness High price/ premium coffee beans Recent increase on a cup of coffee price Opportunities Expansion opportunity’s Meet growing trends by being ecofriendly Threats Current economy downturn Addition of new competitors in the industry Present Product New Product Present Market Market Penetration: Hotels, Grocery Stores, Schools, Businesses, Industries Cafeteria Product Development: Salads New Market Market Development: Open stores all over the world Diversification: Music CD’s, Clothing, Chocolate Candy STARBUCKS now offers a new coffee drink machine. With every flavor and combination possible. Build your own cup of coffee or chose from our variety of other drinks and flavors! Coffee like YOU’VE never had it.