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Starbucks Strategic Analysis - Assignment Example

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Starbucks Strategic Analysis

Starbucks can deal with these mild threats by including other beverages in its menu (which it already does, but add variety to the non caffeine products being catered) and by entering into agreements with few large suppliers to seal the cost of inputs.
Based on the SWOT analysis, we can say that diversification (outlets in USA and in many countries outside) is a positive aspect in Starbucks but if the process is not synchronized and planned well it may act as a deterrent to the image. The group also believes in introducing newer products in shorter duration of time, this helps retain customers, but may cause confusion in the customer's mind. The price paid is higher than its competitors, but the elite ambience helps negate the price difference.
Starbucks has a unique way of treating its employees and care for all its employees as partners in the company, with every employee having the option to stocks and health insurance; thereby, keeping the employee turnover rate higher at 70% (industry standard 30%).The structure is not driven by the hierarchy instead every employee is given the power to enhance the decision process. ...Show more

Summary

For Starbucks to provide high customer satisfaction, keeping it aligned with the active diversification (geographical and product), which will help them maintain their premier image and competitive advantage.
(1) Threat of substitutes: substituting coffee completely is a rare possibility but independent coffee shops which served wine, beer and liquor along with the coffee may pose a threat, and bagel and donut shops do pose as a threat.
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