Pages 4 (1004 words)
Brand Analysis Name of Student University A brand is a collection of symbols or experiences that is associated with a product, service or organization (Gupta, 2009, p. 01). The brand of a company reflects the organization’s concept, principles, ethics and values.
After a few years, Starbucks completely redefined the American coffee shops. High priced Brews, Lattes, Moccachinos, Cappuccinos and Frappes awakened the senses of 50 million customers across the globe (Burks, 2009, p.01). The company was formed in 1971, in Seattle. It was an initiative of a group of three friends-Gordon Bowker, Jerry Baldwin and Zev. Initially, the store was named as ‘Starbucks coffee, Tea and Spices’ (Burks, 2009, p.01) and the brand logo depicted a chocolate brown colored two tailed mermaid (Gilbert, 2008, p. 13). Later, the name of the store was changed to ‘Starbucks’ and its logo was re-colored to bright green. Starbucks was initially formed with the motto of selling good coffee with a unique flavor that a regular coffee brand wouldn’t offer. After the company was listed in the National Association of Securities Dealers Automated Quotation (NASDAQ), the growth of the company accelerated and it opened 16,680 stores across the globe. Today, it has become a global brand with its footing in 47 countries around the world and its net revenue reaching over $ 10 billion (Burks, 2009, p.06). Most of the consumers associate a brand with its logo, which reminds them of the brand promise that an organization makes. ...