These ideas are closely connected with concepts of growth, achievements and satisfaction which help Starbucks to increase productivity and ensure stable market position. Motivational principles are based on equity theory. The theory is based on idea that "people need to feel that there is a fair balance between inputs and outputs" (Equity Theory 2007). The core of the staff works full-time in the organization while next to them or with them are employees on temporary assignments, part-time workers, and people working in joint venture settings. The result may therefore be individuals working together whose allegiances and concerns may involve differences that are highly important to Starbucks. Relationships, views, and expectations among those who are all part of one group-or who view themselves as part of the same company or as "insiders"-are different from the types of relationships and communication patterns that develop among those who view themselves as belonging to different groups. The aim of HR is to motivate both part-time and full-time employees and level possible differences. Equity has a great impact on satisfaction and achievements of employees. Starbucks provides provide financial and other resources for developing and implementing career programs for full-time and part-time employees, particularly programs emphasizing personal growth. They provide recognition of the frequently temporary nature of contemporary work settings while at the same time encouraging positive relationships between individuals and organizations over the long run. To achieve growth, Starbucks develops skills in the employees not previously realized and thus eventually prove beneficial to the individual and the organization. Starbucks uses such strategies as financial rewards and recognition to motivate and inspire employees of all ranks and positions. These accounts are linked to individual work patterns and individual work behavior in a more immediate manner. These plans focus on health and welfare benefits as much as if not more than pay and pension concerns.). Equity theory can be seen as a strategy for achieving organizational growth and success rather than as a fixed cost of doing business. Also, these motivational strategies support high performance teams and influence cohesiveness and friendly atmosphere, cooperation with the workers, managers, and leaders, personal commitment and high productivity (Robbins, 2004).
In the paper “Evaluating Performance of Starbucks” the author analyzes the activity of Starbucks Coffee, a leading coffee roaster and retailer company which operates on the American and European markets, and started its penetration into the Asian market…
The author states that the original mission of the company was to appear unique; the way they delivered their services, the way they handled their workers, the relaxing atmosphere the customers got from every store belonging to Starbucks changed drastically. However, Starbucks uniqueness has changed.
The key factors contributing to the success of the company includes its strategic management, quality control and distinctive marketing approach. Analyze Marketing Activities and Performance of Starbucks Company Background Starbucks Coffee Company (NASDAQ: SBUX) was established in 1971.
Starbucks uses software named ‘Star Labor’, which gathers information on the performance and activities of employees. It monitors the number of customers attended in a day and an employee’s training level to create schedule (Kumar, 65). This allows managers to effectively maximize the potential of employees with constant shifts to the employees for maximum productivity.
The testing help in finding out the performances of the students in terms of their reading, numeracy knowledge, writing, language etc that whether they are in accordance to the ‘Australian Curriculum, Assessment and reporting Authority’ (“The Tests”).
Acme needs funds of $500 million for its proposed overseas production facility. The alternatives that we can choose from are debt financing or equity financing. We can also use a combination of both but that decision can be done after we take a brief look at the advantages and disadvantages of both.
The involvement of members from different departments was necessitated by the fact that a change in organizational culture will affect all the departments in the organization. The team’s performances were evaluated and the result
4 pages (1000 words)Assignment
Got a tricky question? Receive an answer from students like you!Try us!
Let us find you another Case Study on topic Evaluating Performance of Starbucks for FREE!