How does your religion play a role in your
everydayness? Do you think it defines you
on a partial level or wholistic level?
Do you think religion, in general, creates any conflicts with your day-to-day life? Does it
pose negative performances or actions that are unregulated in your religion?
How has religion impacted your daily life? What do you love most about your
religion/faith?
What are the risks associated with
conducting interviews related to religion?
This week we had to determine one of our methods for our research. I am conducting
interviews with multiple folks and will need to compile some general statistical
information, including financial information (which should be readily accessible, but
could make my process more interesting if there is reluctance). All research contains
some level of risk, and interviews are no exception to that. My main concern is
participant bias, and the risk of folks not being entirely honest about some things,
particularly subjective questions ("how do you feel about...", "why did you/the church..."),
and maybe pandering to the research project in some capacity. What steps will you take
to safeguard your data and ensure it is as pure as possible? How will you "test" the
data? Are there other risks associated with data collection that I'm not considering?
I think this Barna study presents some interesting results that are worth considering as
we prepare to conduct our own research. There are some numbers here that are useful
on a global scale, although they may not speak to our congregations with any
specificity.
Create your own Question regarding Religion
Running head: STARBACKS’ MARKET ANALYSI 1
STARBUCKS’ MARKET ANALYSIS 4
Starbucks’ Market Analysis
Tabatha Hall-Politte
March 1, 2020
Introduction
The success of any organization is based on how well it will be able to align its internal and external operations. Various factors impact the process of the organizations, and thus, it's the role of the organization management to align these factors with organization key objectives (Shaburishvili, 2017). In this case, the study will analyze the market and industrial factors that affect the operation of the Starbucks operation. In this study, the main focus will be laid in the analysis of the emerging that that affects its operation; market and industrial factors and also its strength and weaknesses.
Critical environments factors that affect Starbucks operation
Numerous factors affect the business operation, and these factors play a significant role in determining the performance of the organization. In this case, the study will analyze two factors – technology and globalization. The research will focus on investigating how these two factors impacts Starbuck's operation and performance.
Globalization
The increase in globalization and International corporations affects how the business operates. Globalization affects Starbucks in two main ways ...
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How does your religion play a role in your everydayness Do .docx
1. How does your religion play a role in your
everydayness? Do you think it defines you
on a partial level or wholistic level?
Do you think religion, in general, creates any conflicts with
your day-to-day life? Does it
pose negative performances or actions that are unregulated in
your religion?
How has religion impacted your daily life? What do you love
most about your
religion/faith?
What are the risks associated with
conducting interviews related to religion?
This week we had to determine one of our methods for our
research. I am conducting
interviews with multiple folks and will need to compile some
general statistical
information, including financial information (which should be
readily accessible, but
could make my process more interesting if there is reluctance).
All research contains
some level of risk, and interviews are no exception to that. My
main concern is
participant bias, and the risk of folks not being entirely honest
about some things,
2. particularly subjective questions ("how do you feel about...",
"why did you/the church..."),
and maybe pandering to the research project in some capacity.
What steps will you take
to safeguard your data and ensure it is as pure as possible? How
will you "test" the
data? Are there other risks associated with data collection that
I'm not considering?
I think this Barna study presents some interesting results that
are worth considering as
we prepare to conduct our own research. There are some
numbers here that are useful
on a global scale, although they may not speak to our
congregations with any
specificity.
Create your own Question regarding Religion
Running head: STARBACKS’ MARKET ANALYSI 1
STARBUCKS’ MARKET ANALYSIS 4
Starbucks’ Market Analysis
Tabatha Hall-Politte
March 1, 2020
3. Introduction
The success of any organization is based on how well it will be
able to align its internal and external operations. Various
factors impact the process of the organizations, and thus, it's the
role of the organization management to align these factors with
organization key objectives (Shaburishvili, 2017). In this case,
the study will analyze the market and industrial factors that
affect the operation of the Starbucks operation. In this study,
the main focus will be laid in the analysis of the emerging that
that affects its operation; market and industrial factors and also
its strength and weaknesses.
Critical environments factors that affect Starbucks operation
Numerous factors affect the business operation, and these
factors play a significant role in determining the performance of
the organization. In this case, the study will analyze two factors
– technology and globalization. The research will focus on
investigating how these two factors impacts Starbuck's
operation and performance.
Globalization
The increase in globalization and International corporations
affects how the business operates. Globalization affects
Starbucks in two main ways – other organizations starting to
invest in Starbucks ' traditional market and Starbucks finding a
new market. Globalization has opened up new market and
production sites, thus allowing the organization to start a
company or sell their product in any part of the world (Voigt,
2017). These issues have resulted in increased competition to
Starbucks products; on the other side, globalization has enabled
Starbucks to grow by expanding new market. In the past few
years, Starbucks has opened up new branches in other
4. continents such as Europe and India. The opening up of the
global market, to some extent, has facilitated Starbucks '
growth.
Technology
In the recent past, technology has become a key player in
business operations despite the type of industry it operates.
Starbucks has heavily used technology to improve the services
it offers, marketing operations, and reaching to the other level
in the global market. As the purpose and intent of taking coffee
changes, from traditional use as the part of breakfast, to as a
way of enjoyment, Starbucks have utilized technology to
improve the quality of coffee meet people's needs. Starbucks
has used technology to enhance the smell of coffee and to
obtain various varieties. Thus, this has enabled it to achieve the
right customers' experience.
Impacts of forces of competition on Starbucks operations
Starbucks Inc. operating in the competitive markets it is
exposed to the five forces of competition. Since Starbucks is a
service company, the main factors of competition that affect its
operation are the bargaining power of the customers and the
threat of substitute products. Starbucks has made all efforts to
address the barging power of the customers and the threat of
substitutes. Starbucks' main focus in the last few years has been
the aim to improve clients' service. The company has improved
the quality and varieties of coffee offered to enhance customers'
experience aiming at maintaining customers' royalty (Sakal,
2018). Though, the addressing of threat of substitute product is
hard to achieve, achieving clients' royalty can serve a
significant role in ensuring the customer doesn't substitute
coffee with other products.
Studying the Starbucks trends in addressing the issue of
bargaining power and the threat of new substitutes, Starbucks is
likely to focus more on improving clients' experience. The
company will engage in research and development to come with
the best approach to offer their service. The company is aimed
at coming with strategies that improve company service delivery
5. from not just selling coffee but selling the experience. Thus, the
company in the future is likely to design its coffee outlet offer
place when people enjoy their free time.
External threats and opportunity of Starbucks
The main threats that face Starbucks operations include a
new entry in the market, increased cost of production,
regulation, and tax laws. Operating in a free market, Starbucks
expects to receive increasing competitors; the company may
experience the high cost of production depending on the area of
production, and new business and tax regulations are forms of
external organization threats. Starbucks being a big company
can utilize the industrial organization model to maintain its
market share (Sholihah, 2016). By use of the economic model,
Starbucks can outdo its new rivals by reducing production and
transaction costs, advertisement, and forming of the strategic
alliances. Also, the organization can apply other deliberate
moves to minimize competition by suppressing emerging small
companies, thus making it hard to penetrate in the market.
The foremost opportunity of the Starbucks Company is its
strong roots in its home market. This opportunity allows the
organization to explore the new global market, drawing its
support from its original company. This opportunity forms a
unique capability as the organization can use the resources and
experience to set new firms in the global markets.
Starbucks greatest strengths and most significant weaknesses
Starbucks Inc. is going well in its market since it can make
billions every year, and its profit seems to grow yearly. Here
are some of its greatest strengths that have facilitated the
growth of excellent performance. Quality, profitability, and
ethicality are the leading strength of Starbucks ' growth.
Starbucks has established itself as a premium coffee house,
offering high-quality products despite its vast market (Sholihah,
2019). The quality and pricing are customers friendly, and thus
it has maintained its immense market. On the other side, like
6. any other company Starbucks has its weakness. On the other
hand, like any other company Starbucks has its weakness. The
main weaknesses of Starbucks include high price point and lack
of over product.
Starbuck to fully benefit from these strengths and address its
weaknesses, and it can employ efficiency and reinvestment
strategy. The company should use the profit obtained to improve
its service and expanding to a new market. The company can
use its vast advantage to conduct research and development to
come up with unique products.
Starbucks’ resources, capabilities, and core competencies
The main in important Starbucks include human resources,
retail shops, and brand value. Starbucks, at its initial stage, was
able to develop a culture of employing and retaining high
experience experts (Morais, 2014). Starbucks has robust brand
equity; this an essential strength of the organization as it helps
the brand from other products; thus, keeping it's off from the
competitors. Starbucks has managed to locate its retail shops in
centrally located places; therefore, this serves as great company
resources. The key Starbucks capability includes global
experience; the organization can expand to any part of the
globe. Worldwide expertise and presence help the organization
to explore global markets, labor, and mean of production in
different regions in the world. The company's key competencies
include customer services; the company has managed to apply
various means and strategies to ensure its clients are satisfied.
Producing a high-quality product is another crucial competence
in Starbucks.
References
Morais, U. P., Pena, J., Shacket, K., Sintilus, L., Ruiz, R.,
Rivera, Y., & Mujtaba, B. G. (2014). Managing diverse
employees at Starbucks: Focusing on ethics and
inclusion. International Journal of Learning and
Development, 4(3), 35.
Sakal, D. V. (2018). COMPANY ANALYSIS OF STARBUCKS
7. CORPORATION.
Shaburishvili, S. (2017). The peculiarities of inclusive business
development under globalization. Globalization & Business.
Sholihah, P. I., Ali, M., Ahmed, K., & Prabandari, S. P. (2016).
The Strategy of Starbucks and it's Effectiveness on its
Operations in China, a SWOT Analysis. Asian Journal of
Business and Management (ISSN: 2321–2802) Volume.
Voigt, K. I., Buliga, O., & Michl, K. (2017). Globalizing Coffee
Culture: The Case of Starbucks. In Business Model Pioneers
(pp. 41-53). Springer, Cham.