Starbucks business-level strategy

1. 1 · Evaluate the business-level strategy of either Starbucks or Lockheed Martin to determine whether you believe the strategy is appropriate to offset forces in the industry. Provide specific examples to support your response. · Make recommendations for improving this strategy as well as describing any challenges you foresee in executing those recommendations. Provide specific examples to support your response. 2. · Let’s talk about two?trade-offs?we face every day: how we spend our time and money. There are many things we can do with our money. Money spent on one thing isn’t available to spend on another. Also, there are many things we can do with our time. We can spend time doing one job or another. We can spend time with family. We can spend time in leisure. · Start your discussion by responding to these questions: . Describe a?trade-off?you have?made in terms of your income or your time. . What choice did you make with your money or time? . Why did you make that choice? 3. You are a contracting officer in your agency, tasked with acquiring office equipment software. After the contract was awarded, you discovered that the speculations for the software that was delivered are different from what was in the request for proposal. · Choose two questions you should ask as you consider whether to request corrective action from the supplier. · Explain why you chose your questions. 4. To prepare, remind yourself of the topics you considered in the Week 2 discussion. As a review, those topics were: · Describe how you define yourself to others. Be specific. · Describe how you define yourself to yourself. Be specific. · Describe how you think others might define you. Be specific.

In the world of coffee, Starbucks is unrivaled. Based on past patterns, it is likely that the company will continue to maintain its position as the dominant coffee company for the near future. Starbucks is the primary method used by business to change to the changing trends within the food and drink industry is to focus on market expansion. Starbucks can effectively expand into new international markets using its current strategy. This strategy capitalizes on Starbucks its strength and position the company alongside industry giants. Up to date, Starbucks has employed three very simple methods to expand its international reach. Partnerships, fully owned subsidiaries and licensing are just a few examples of these strategies. El-Amin (2022) states that Starbucks has achieved its success opposition to industry rivals can be directly linked to its joint ventures. Collaboration with partners by Starbucks has enabled it to expand into new markets. The market entry strategy will continue to protect Starbucks from fierce competition, financial risk, and the uncertain performance of the products in markets outside that of United States (foreign market) without first adapting it to the particular demands of these markets (Gregory 2018, 2018). One way to enhance this strategy is to learn the local language in order that you can converse with customers more efficiently. To avoid legal issues It is also essential to be aware of the legal processes of different countries. The only drawback is that you’ll need to find additional funds to put this plan in place.