Starbucks Marketing Essentials: A Company Analysis Report

This report provides an overview of Starbucks' marketing strategies, focusing on key elements such as advertising, distribution, and pricing. It highlights the importance of marketing plans for the company, emphasizing their role in promoting goods and services, introducing new products, and achieving specific objectives like increasing profitability and expanding into new markets, such as China. The report delves into the marketing process, including strategies like advertising, promotions, and public relations. It examines the concept of market segmentation, outlining the four main types: demographic, geographic, psychographic, and behavioral. Additionally, it discusses targeting strategies, emphasizing customer preferences, and the importance of positioning to maintain a competitive edge. Finally, it covers the '4 Ps' of marketing - Place, Promotion, People, Process, and Physical evidence - to provide a comprehensive analysis of Starbucks' marketing approach.

Marketing Essentials

Overview
Starbucks is a brand of high quality goods and
services in the market. The company sells its
products and services at premium prices. The
company deals with the coffee. The company
gives first priority to the consumers and their
satisfaction. The coffee taste is appreciated by
customers. The article can elaborates
advertising, distributions strategies and pricing
strategies used by the Starbucks company.

Importance and value of marketing
plans
 Marketing promotes the good and services of
Starbuck company .
 For the organisations marketing is important for
selling products and services.
 If company produces new product marketing
introduces them to the market.

Marketing objectives and strategies
 The main objective of marketing to provide
goods and services to the customer.
 To promote products of organisation in the
China.
 To increase profitability with 25%.
 Marketing process use the strategies for
making good productivity by advertising on
TV or social media.

continued
 Marketing strategy includes advertisement,
promotion on radio, selling product as a free
sample and by other mouth publicities.
 Marketing plan of the company is to
established our business in the China
 The company is focusing on increase
productivity by 25%.

Monitoring of marketing plans
The marketing plan introduces internal communications andThe marketing plan introduces internal communications and
increasesincreases profit. The marketing plan of Starbucksprofit. The marketing plan of Starbucks
company is to increase the number of enquires by 20 %company is to increase the number of enquires by 20 %
with in 2 years.with in 2 years.
The company also focuses on to increase sales by 30 % .The company also focuses on to increase sales by 30 % .
This can be done from best marketing objectivesThis can be done from best marketing objectives

Concepts of segmentation
 Starbucks needs to use market segmentation that
divide the customers in groups through their
needs.
 Mainly there are four kinds of segments.
 The first one is Demographic such as marital
status, age , gender, education and ethnicity.

Continued
 Second is Geographic, that includes country ,
states, city, region and neighbourhood.
 Third is psychology , that includes personality ,
values, risk aversion and lifestyle. Forth is
behavioural, that includes products and benefits.

Concept of targeting
 There are several factors to analyse size and
potential growth.
 It is related to the customers who owns the
market as there preference is must for the
company, who want to retain in the market for
long period.

Continued
 Starbucks is a company that targets the
customers in such a way that they covers the
entire market by giving primary priority to
the customers.

Positioning
 Positioning refers to the place offered by a
customer to the company. So that the
company can fight competitions and define
its competitors by keeping their product on
top with the help of their existing customers.

Place: Will expand into few cities of China
Promotion:these includes many communication tools
as its key factors like Social media