SWOT Analysis of Starbucks Report

Added on - 21 Apr 2020

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Running head: SWOT ANALYSIS OF STARBUCKSSWOT ANALYSIS OF STARBUCKSName of the StudentName of the UniversityAuthor note
1SWOT ANALYSIS OF STARBUCKSEXECUTIVE SUMMARYThe purpose of this report is to provide a SWOT analysis of the famous coffee makingcompany Starbucks’s talent management function. A detailed discussion about the concept oftalent management and the usage of SWOT has been included in this report. In addition tothis, the overview of the company, Starbucks, and a list of questions related to the SWOTanalysis of the talent management function of Starbucks has been attempted in this report.The report concludes with the fact that Starbucks is a very promising global company in theworld albeit of certain mishaps. It is recommended that Starbucks must convert itsweaknesses into strengths and retain its strengths to continue to be a top player in the globalbusiness scenario. Starbucks must make its talent management team more appealing andwinsome.
2SWOT ANALYSIS OF STARBUCKSTable of ContentsIntroduction................................................................................................................................3An Overview of Starbucks:-...................................................................................................4SWOT Analysis of the Talent Management Initiative of Starbucks:-.......................................4The strength of the talent management initiative of Starbucks-............................................4The weakness of the talent management initiative of Starbucks-..........................................5The opportunities of the talent management initiative at Starbucks-.....................................6The threats of the talent management initiative at Starbucks-...............................................7Conclusion..................................................................................................................................7References..................................................................................................................................9
3SWOT ANALYSIS OF STARBUCKSIntroductionTalent management is regarded to be an important concept of business scheme intoday’s high tech corporate world. Talent management can be defined as the dedication of anorganization to attract, hire, develop and sustain exceptionally talented employees for theoverall growth and prosperity of the organization. Talent management is essential for anorganization to keep and maintain a consummate workforce. Generally, talent managementpolicies or strategies are incorporated in an organization to beat the rivals in the stiffcompetition in the global business scenario (Stahl et al., 2006).This is because employees arethe ultimate driving force in enhancing the efficiency and performance of the organization.The performance of the employees of the Starbucks has improved immensely due to the re-modification of the talent management strategy of Starbucks. I have personally experiencedthe appreciative conduct and the rapid productivity of the employees working in the nearbyStarbucks store (Reinecke, Manning & Von Hagen, 2012).SWOT analysis is the shortened form for strength, weakness, opportunities andthreats. It is a detailed organized report that assesses the performance of an organizationbased on these four crucial components. SWOT analysis can be applied for any individual,group, location, sector or an organization. In accordance to the marketers, strengths andweaknesses are regarded to be the in-company or internal components. On the other hand,opportunities and threats are considered to be the independent or external components. In aSWOT analysis, strength and opportunities are considered to be affirmative by nature.Contrastingly, weaknesses and threats are considered to be pessimistic by nature (Hollensen,2015). The main motive of attempting a SWOT analysis report by an organization or anyother entity is to convert the weaknesses or the failures into robustness or strength and thethreats or challenges into opportunities or possibilities. Resultantly, this will enable the
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