Identify the Controllable and Uncontrollable Elements That Starbucks Has Encountered in Entering Global Markets
By: wdsa • Essay • 301 Words • May 9, 2010 • 2,044 Views
Identify the Controllable and Uncontrollable Elements That Starbucks Has Encountered in Entering Global Markets
) Identify the controllable and uncontrollable elements that Starbucks has encountered in entering global markets:
The controllable factors that Starbucks has encountered entering the global market are similar to those in their domestic market. These factors include product, price, place and promotion. The Starbuck's name and image connect with millions of consumers around the globe. Internally, Starbuck's is able to make adjustments to fit a county's cultural tastes and expectations regarding their product, it's price, where it is available and how it is marketed. Starbuck's is also able to take part in market research to be sure their product has the right fit for each of its international locations. According to the company's website, they maintain a high level of success internationally by choosing international partners who share their values and commitment to bringing the Starbuck's experience to customers worldwide. The controllable elements can be altered in the long run and, usually, in the short run to adjust to changing market conditions, consumer tastes, and corporate objectives.
The uncontrollable factors that they have encountered have been tougher