The slide is all about how Starbucks does marketing research and what are its marketing strategies to always sustain in the market.
Also how the giant coffee chain established itself in India as well.
10. MARKET RESEARCH METHODS
• My Starbucks Idea platform
• Monitoring social media
• In-Store product testing
DAIRY-FREE ALTERNATIVES AT STARBUCKS
11.
12. MYTHBUSTERS
MYTH FACT
Price is very important attribute that
people consider before going to a cafe.
Price is not even in top 5 attributes.
People don’t mind paying more for better
experience.
People go to CCD because it’s the best. Starbucks surpassed CCD in almost all
attributes when ranked by customers.
13. SEGMENTING MARKETS
• Demographic Segmentation (age, gender, income)
• Geographic Segmentation (region of a country or the world)
16. MARKETING STRATEGIES
• Innovation
• Just Say Yes
• My Starbucks Reward Program
• Starbucks Card
• Getting personal with customers
• Cluster of coffee shops
19. STARBUCKS IN INDIA
• Entered Indian Market in 2012
• Strategies for Indian Market :
i. Choosing a Local Partner
ii. Measured Pace of Expansion
iii. Opting for Realistic pricing