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Starbcks Table of Contents TABLE OF CONTENTS 2 EXECUTIVE SUMMARY 3 MANAGERIAL PROBLEM 4 SITUATION ANALYSIS 4 Company 4 Customer 4 Competitor 5 Complementors 5 STRATEGY
Submitted by m_irin on February 23, 2008
Category: Miscellaneous
Words: 3133 | Pages: 13
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Table of Contents
TABLE OF CONTENTS 2
EXECUTIVE SUMMARY 3
MANAGERIAL PROBLEM 4
SITUATION ANALYSIS 4
Company 4
Customer 4
Competitor 5
Complementors 5
STRATEGY (STP) 5
Segmentation 5
Target 5
PRODUCT LIFE CYCLE 6
Introductory Stage 6
Growth Stage 6
Maturity Stage 7
Decline Stage 7
IMPLEMENTATION PLAN AND RECOMMENDATION 7
Product 7
Price 7
Place (Distribution) 8
Promotion 8
APPENDIX 9
Executive Summary
Starbucks is the leading retailer and roaster for brand specialty coffee in the world. It has over 7,500 stores located worldwide. As Starbucks continues to expand, it will encounter all sorts of new product markets, with new and demanding customers for unique and appealing products. Starbucks has begun by introducing an extension of the Frappuccino line targeted to the non-coffee drinker. Entering this new market, Starbucks faces many challenges from having to compete to retain brand recognition of its primary products, yet increase awareness of its new product line. Our analysis and research of the market have resulted in keys findings as follows:
The new Frappuccino blended beverages, also known as the Summer Drink flavors will help Starbucks reposition itself in the developing non-coffee iced-beverage market; Starbucks will also need to enhance the product perception to maintain the perceived high quality. Customers of this segment are sensitive to taste and quality of food product and nutritional data.
With this new line extension, Starbucks will be facing many new competitors such as Jamba Juice, Orange Julius and other local non-coffee iced-beverage providers. Special care must be implemented to maintain Brand equity for it's primary product, and not become to diversified the current customers seek alternatives.
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