Assignment 1: Starbucks’ Strategy Essay

The purpose of this paper is to explore key instalments for Starbuck pertaining to their advantage their approach to organisational purification and warinesss role in the proven mastery it has experience sphericly. Next, to converse about decision-making strategies that Starbucks heed has apply to introduce it belligerent position in the market arrange sh atomic number 18 a make outncy that is used by management and why this particular competency assist in the confederacys success regarding organizational culture. Lastly, share my opinion on persistent-run sustainability in the planetary industry in addition could the guild continue without Mr. Howard Shultz as CEO. organisational CultureIn avocation management it is imperative that strategies are micturated and implement so the lodge can experience growth and affix thither revenue addition all toldy they mustiness trade competition advantage, succinct and long-term planning to continue to sustain their posi tion in the market, include the orbicular market if it is applicable. In looking at Starbucks as a company a spherical drawing card in their respected industry, management had to consider the business strategies previously mentioned. However, management additionally had to consider organizational culture as part as of their strategic planning, along with being heathenishly sensitive since they operate globally.According to look into, the concept of culture helps managers read the hidden, tangled aspects of organizational life (Draft, 2012, p.75). When Starbucks management strategically design plans to for company success it requires them to look at various elements both internally and eternally. This is primal because when dealing globally the must figure the beliefs, set, etceteratera before operate in a particular area. Further more(prenominal), internally they have to ensure that their employees understand this information as 3well by doing this it will grow the dee d operate smoothly without any interruption to the operation. For instance, gaining an understanding law-abiding things that are visible or tangible which can be slender to internal operation such(prenominal) as, observing employee, beliefs, values, and much more. This requires management to be the companys mission and vision so it will perish conflicts so the company can function, as management desires in gear up to be profitable and competitive in the industry. The other key element is to focus on external elements, which will attract consumers to their stores, which is important when competing in a global competitive market. An analysis must be conducted to understand the customer competitor positioning, and marketing plans that will gain and allow the company to build its customer base this may require understanding customs, symbols, locations, etc.Thus, will increase profits and reduce liabilities and risk. Based on research it describes admitability culture in both inter nal and eternal segments. Managers encourage values that support the companys ability to rapidly detect, interpret, and translate signals from the surroundings into new behavior responses. (Draft, 2012, p.78). This type of understanding in organizational cultural behavior promotes achievement and consistency for Starbucks. Managerial DecisionsStarbucks has been self-made in their operation for many reasons because management is cognizant that customers need to feel welcomed and relaxed based on the facility layout and location. Additionally, this is back by employees who share in managements beliefs and values. Furthermore, the company is effective because they offer a mix of products that caters to their customer base. perhaps one of the high hat advantages that management offers to their customers are free services such as Wifi, reduced personify on music such as CDs and free musical downloads for electronic devices, along with diverse music that caters to all ethnic groups. Management effectiveness against their competitors depends on cost, applied science, productivity, and much more. The long-term close for any company is to increase profits and decrease there upset without compensating quantity everywhere type. This requires management to do business with quality producers of cocoa from around the world so their customers can have a variety of good to select from. Additionally, the decision-making that management made to appeal to customers relies on engineering science and it has proven to be effective in their competitive advantage over the competition.Research suggests that, technology should be acquired to support the companys elect competitive priorities, not just to follow the latest market fad. Also, technology may require the company to rethink its strategy (Reid & Sanders, 2010, p.43). It is imperative that management continues to be innovative in this area because technology is always ever-changing so they have to constantly look fo r ways to improve marketing, quality of products, and operational procedures. Key Management CompetencyA key managerial competency that managers should have at Starbucks understands that customer service and productivity enhances their capabilities as being global leader. The service that customers receive in a punctual fashion will always be an important factor when direct a business, thus, having knowledgeable staff that understands the functionality of the operation will minimize look times, products will be made to company standards, and much more.Furthermore, offering the customers more service that are free and accessible is a key energy that will help them to fit into various organizational cultures the key is that customers are the priority having great products effective marketing and pricing strategies, and conducting a competitive analysis quarterly so they will know how to make adjustments that best suit the market conditions. Lastly and perhaps one of the biggest co mpetencies management at Starbucks has and must give is good employees because they are an asset, they have the ability to prosecute 5 directives, initiative, and produce a quality product that will deem customers satisfied and selecting them over the competition. These are all good competencies to have when operating(a) a successful business globally. Long-Term SustainabilityAs a global leader in the coffee industry it can be express that the company has they halal structure and infrastructure to remain a leader globally even if the CEO, Mr. Howard Shultz were to be replaced. Senior management has a toilsome business plan in place that is long-term and it will maintain its profitability as long as the company keeps its core values, beliefs, etc. Along with this the company will have to be diverse in its operation and products. Furthermore, the business will continue to thrive as long as the employees embrace change and are given rewards to help to maintain a positive morale a nd atmosphere, especially when operating and interacting with customers daily.It is believed that long-term sustainability involves proper planning, along with this management must understand the organizational cultures both internally and externally and must be willing to adapt. Also, in order for long-term sustainability to occur management must make periodic marketing forecast and competitor analysis always look for ways to improve and create new products invest in better equipment and training for employees make cost adjustments due to economic conditions, and much more. If the company continues to embrace and operate in this manner it will achieve long-term goals and objectives without the current CEO. ConclusionIn closing, Starbucks is a global leader in the coffee industry and as previously mentioned, in business management it is imperative that strategies are created and implemented so the 6 company can experience growth and increase there revenue additionally they must con sider competition advantage, short and long-term planning to continue to sustain their position in the market, including the global market.One of the elements Starbucks understands the importance of organizational culture the company has been successful with their management and training department to incorporate their beliefs, values, etc. into the skills needed to compete against others in the coffee industry and by doing this the company has been able to expand, and has go through an increase in profits. This type of business philosophy is critical when go along long-term in achieving goals and objectivities through effective business strategies.Also, management must be confident in decision-making and must be willing to adapt when there are changes in the market, this may include but is not limited to the following, making changes to symbols, slogans, etc. Finally, it is believed that Starbucks could continue to operate as a successful company if the CEO were to change. The co mpany has a sound business plan and training program that appeal to internal and external components to organizational culture. Additionally, management in their operation comes from diverse backgrounds and the company has been able to gain on their innovative ideas and have implemented changes that have not unaccompanied benefited the company but more importantly the customers globally.ReferencesDraft, R. (2012). Management (10th ed.). Mason, OH Cengage Learning. Reid, D. & Sanders, N. (2010). Operations Management. An merged Approach (4th ed.). John Wiley & Sons, Inc.