This presentation discusses the dynamic strategy and disruptive innovation in the coffee industry, focusing on Starbucks. It explores the internal, external, market, and technology perspectives of the company. The presentation provides recommendations for improvement in various areas.
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Dynamic Strategy and Disruptive Innovation
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Introduction Starbucks Corporationis an American Coffee Company and Coffeehouse Chain. The company was established in Seattle, Washington in 1971. It is considered as the main representative of “Second Wave Coffee”. Starbucks provides hot and cold coffee to its consumers The company uses the technology to produce the coffee and delivering the services. Tweet-a-coffee is also technology devices that is launched by the company.
Internal Perspective Human Resources Employees first preference is quality Supportive employee- LATTE System Differently thinking Organisational Culture Collectivism Connectivity
Resource Allocation Starbucksinvest the high amount on equipment's – Custom designedespresso machine Milk Pitcher High technology Organisational Structure Marketing department Innovation Management Policies
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Recommendation Recruitment process Lean production system
External Perspective commitments and relationships with stakeholders Committed to provide thefacilities Satisfy the concern while investing the money Regulatory and economic conditions Complies with rules and regulation Tax Advantage Inflation, high price rates, price discrimination
Recommendation Influence Stakeholders High dividend to shareholders Analysis the environment
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Market Perspective Customer visit programs •Immediate feedback •Converted weaknesses into strength Empathic designs •5 Step Process •Innovation experience
Lead-user processes Upper-Medium class Innovative services to consumers High quality Different verities
Recommendation Research and development department Improve lead users process
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Technology perspective Technological strategies Starbucks Digital Network Social Media
Technology perspective Brewing Different equipment's Mobile App Paying bills
Recommendation Starbucks Machines Avoid Social Media for promotion
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Conclusion Starbucks is a Coffee Company best disruptive innovation company internal, external, market and technology perspective Recommended that the organisation has to adopt some new techniques
References Basulto, D. (2015).How Starbucks’ dominance could one day be threatened. [online] Available from: https ://www.washingtonpost.com/news/innovations/wp/2015/03/12/how-starbucks-dominance-could-one-day- be-threatened/?noredirect=on&utm_term=. 502233b488d9[Accessed 10/7/19]. Gajsek, D. (2019).[Growth Study] Starbucks Marketing Strategy – How to Introduce an Old Product to the New Market. [online] Available from:https://dgajsek.com/starbucks-marketing-strategy/[Accessed 10/7/19]. CAIL. (2017)Innovation at Starbucks. [online] Available from:https://cail.com/innovation-at-starbucks/ [Accessed 10/7/19]. Starbucks. (2018)The Best Equipment. [online] Available from:http:// www.starbucks.in/coffee/espresso/best-equipment[Accessed 10/7/19]. Soper , T. (2017)Starbucks is a tech company: Why the coffee giant is investing heavily in digital innovation. [online] Available from:https ://www.geekwire.com/2017/starbucks-tech-company-coffee-giant-investing-heavily-digital-innovation/ [Accessed 10/7/19].
References Thompson, A. (2017)Starbucks Coffee’s Stakeholders: A CSR Analysis.[online] Available from:http:// panmore.com/starbucks-coffee-stakeholders-csr-analysis [Accessed 10/7/19]. Marketing Week. (2015). How Starbucks is using technology to boost revenue.[online] Available from: https://www.marketingweek.com/2015/10/30/how-starbucks-is -using-technology-to-boost-revenue/ [Accessed 10/7/19]. Starbucks. (2018)How to Brew Coffee Press. [online] Available from:http://www.starbucks.in/coffee/how-to-brew [Accessed 10/7/19].
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References Foster, L. (2018).5 Ways Starbucks is Innovating the Customer Experience. [online] Available from:https:// www.qsrmagazine.com/consumer-trends/5-ways-starbucks-innovating-cus tomer-experience [Accessed 10/7/19]. Starbucks. (2018)About Us.[online] Available from:http:// www.starbucks.in/about-us[Accessed 10/7/19]. Christensen, C.M., Raynor, M.E. and McDonald, R., (2015)What is disruptive innovation.Harvard Business Review,93(12), pp.44-53. Pisano, G.P., (2015) You need an innovation strategy.Harvard Business Review,93(6), pp.44-54. Christensen, C.M., McDonald, R., Altman, E.J. and Palmer, J., (2016)Disruptive innovation: Intellectual history and future paths(pp. 1- 52). Harvard Business School.