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starbucks-marketing.ppt

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Marketing Mix: Starbucks
Marketing Mix: Starbucks
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starbucks-marketing.ppt

  1. 1. Starbucks marketing
  2. 2. Brief history of the term “marketing-mix”  1964’ Neil H. Borden published “The Concept of the Marketing Mix”  “Marketing-Mix” included: product, planning, price, branding, distribution channels, personal selling, advertising, promotions, packaging, display, servicing, physical handling, and fact finding analysis
  3. 3. Brief history of the term “marketing-mix”  1940’s James Culliton “marketing manager=mixer of ingredients”
  4. 4. Brief history of the term “marketing-mix”  E. Jerome McCarthy grouped each aspect into 4 categories  The 4P’s of Marketing: product, place, price, promotion
  5. 5. The 4 P’s of Starbucks Marketing 1. Product  Must meet customer requirements  Products should meet expectations  The goal is to satisfy consumers needs
  6. 6. The 4 P’s of Starbucks Marketing 1. Product  Starbucks is known for one product: extremely good coffee  No more breakfast sandwiches because does not compete with coffee aroma
  7. 7. The 4 P’s of Starbucks Marketing 2. Price  Discounts, financing  Price decisions: profit margins and response of competitors  Determined by the quality of the product and the target consumers
  8. 8. The 4 P’s of Starbucks Marketing 2. Price  Starbucks has achieved the highest price point for cofee in the restaurant industry  Consistent high quality beverage  Threat of competitors: McDonald’s- McCafe Dunkin Donuts- Dunkachino  Starbucks counter offer: $1 cofee item
  9. 9. The 4 P’s of Starbucks Marketing 2. Price
  10. 10. The 4 P’s of Starbucks Marketing 3. Place  Channels of distribution  Distribution decisions include market coverage, channel member selection, logistics, and levels of service
  11. 11. The 4 P’s of Starbucks Marketing 3. Place  Starbucks has strategically located its retail locations  Target potential customers
  12. 12. The 4 P’s of Starbucks Marketing 3. Place  College campuses  Irreplaceable real estate  Helpful mobile applications with store locations
  13. 13. The 4 P’s of Starbucks Marketing 4. Promotion  Business of communicating with customers  Promotion decisions involve advertising, public relations, media types  Successful promotion increases sales
  14. 14. The 4 P’s of Starbucks Marketing 4. Promotion  Starbucks is an overall success story when it comes to promoting their products and services  Brand image: “the third place”, unique & relaxing atmosphere
  15. 15. The 4 P’s of Starbucks Marketing 4. Promotion  Use technology to promote their brand  Social Media Marketing: Facebook daily notices  Free wifi  Loyalty cards
  16. 16. Starbuck’s ads  Starbucks: Make a Difference. Take The Pledge: http://www.youtube.com/watch?v=KRFofwu-0o4  Starbucks new TV advert, UK: http://www.youtube.com/watch?v=19r4I70fZRU  Starbucks "Mondays Can Be Great" Campaign: http://www.youtube.com/watch?v=sj5NxPryPXE
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