I'm have some problems with my project thats due today! Document Preview: Starbucks: Just Who Is the Starbucks Customer? SynopsisStarbucks is truly a unique company and brand. How many companies have...

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Starbucks: Just Who Is the Starbucks Customer? Synopsis Starbucks is truly a unique company and brand. How many companies have gone from just a few outlets to 15,000 outlets in a very short period of time, only then to stop opening outlets and start closing them? This case chronicles the rapid rise of Starbucks and the abrupt halt to its torrid growth. Students will be challenged by the numerous factors that play a role in this dynamic. Search chapter 6 in your text and the internet for additional information about Starbucks. Teaching Objectives The teaching objectives for this case are to: Apply the concepts of market segmentation, targeting, and positioning. Consider the ways to segment the consumer market for coffee. Develop positioning strategies. To provide students the opportunity to consider the effectiveness of a company’s change in target marketing strategy. Discussion Questions 1. Using the full spectrum of segmentation variables, describe how Starbucks initially segmented and targeted the coffee market. 2. What changed first, the Starbucks customer or the Starbucks experience? Explain your response by discussing principles of market targeting. 3. Is Starbucks’ “value” positioning targeting a new type of customer or simply appealing to existing customer types? 4. Will Starbucks’ “value” efforts work? What alternatives did Starbucks have? 5. Is it possible for Starbucks to eventually succeed with its goal of 40,000 stores?



Answered Same DayDec 23, 2021

Answer To: I'm have some problems with my project thats due today! Document Preview: Starbucks: Just Who Is the...

Robert answered on Dec 23 2021
132 Votes
Starbucks
1. Star bucks initially segmented its markets based on psychographic segmentation where the star
bucks coffee was meant for the ri
ch and exclusive American, who was better educated and
wealthier than the average American. The target customer was the rich. This was the
psychographic segmentation that star bucks initially aimed at. The social class, the lifestyle and
personality all bespoke of the rich. It was also based on demography where the starbucks
customer was more females than males, between the ages of 24 to 44 and predominantly
Caucasians. The Starbucks target segmentation was based on the truth that American women
loved to drink a tall good cup of richly brewed coffee. Their mission was to inspire and nurture
the human spirit with one person at a time, through one cup of coffee and at one neighborhood at
a time. This has been made possible by the marketing penetration strategy which star bucks have
use
2. The star bucks experience changed. the comfort customers found in Starbucks began to fade
away as more stores giving better amenities started operating close by, Starbucks started
offering menus to go with coffee and the hustle and bustle in the coffee shop started increasing
so with this the target market which Starbucks aimed at slowly underwent a change. Women
frequented the stores less as it no more has the appeal of a comfy coffee joint. There was too
much noise. The...
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