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Friday, February 22, 2013

Strategic Management

Starbucks was founded in 1971, opening its first store in Seattles expressway Place Market. Growing

to only five stores up to 1982, the club hired a marketer, Howard Schultz, but rejected his ideas.

As a result he opened his own deep brown shut in 1986 based on Italian coffee cafes. A year later, he

expanded to three stores and bought Starbucks for $4 billion from the original owners and under him

Starbucks steadily grew. Today, Starbucks has expanded to more than 7,300 stores oecumenical with

approximately 25 million people visiting its stores both week. Starbucks Mission Statement:

Establish Starbucks as the premier purveyor of the finest coffee in the world; maintaining our

uncompromising principles while we grow. The Starbucks relegation statement was put forward by

Howard Schultz. He guide Starbucks using this statement, resulting in success as the company

flourished worldwide. He also describes the statement as being an organic form of beliefs. Starbucks

have also developed six guidelines to help them pulse the aptness of their decisions:

- Provide a great work environment treating each other with respect and dignity.
- Embrace diversity.
- Highest standard of excellence.
- burst enthusiastically satisfied customers.

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- Contribute positively to communities and the environment.
- Profitability is intrinsic to future success.

Starbucks has a separate mission statement to pay its commitment to the environment which

is: Starbucks is committed to a role of environmental leadership in all facets of our business. They

developed sevener guiding principles that would help them accomplish this mission:

- Developing advanced(a) and flexible solutions.
- To buy, sell and use environmentally friendly products.
- pecuniary responsibility is vital to environmental future.
- Establishing environmental responsibility as a corporate value.
- Measuring progress for each project.
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