Starbucks s Effective Human Resource Management - 3267 Words

Starbucks is one of the most recognized and popular retail coffee chains in the world, with more than 21,000 stores in over 65 countries and upwards of 150,000 full and part time employees, it is clear that they are a powerhouse in the retail coffee market. One of the major reasons that the company has grown so steadily and exponentially since opening their first store in Seattle, WA in 1971, is their effective human resource management. Some of the primary responsibilities of HRM are managing, recruiting, training and developing a company’s human capital, a company’s human capital is one of its most valuable resources; which makes effective HRM one of the most important factors in determining a business’s success. The human capital aspect of the company is a core part of the foundation upon which a company is built and it is believed that â€Å"employees of companies employing effective human resource practices are more likely to demonstrate; higher levels of commitment to the supervisor, higher levels of trust in management, higher levels of effort and involvement in the company, higher levels of cooperation and a lower inclination to leave the company† (Collins, Ericksen Allen, 2005, p.5) When the economic downturn caused the coffeehouse industry to implode, Starbucks was not equipped to survive in a world where caffeine aficionados could no longer afford to drop five dollars on a cup of java. Despite the odds, Starbucks has refined their business model and has adapted toShow MoreRelatedStarbucks Annual Human Resource Operating Plan1259 Words   |  6 PagesStarbucks Annual Human Resource Operating Plan 1.1 Starbucks Mission Vision: An organizations mission and vision statement typically states your organization’s reason for being and why they continue to exist. It also defines what business you want to be in and the future goals of the organization. (Haines McKinlay, 2007). Starbucks mission is to inspire and nature the human spirit, one person, one cup, one neighborhood at a time (Smith, 2014, para. 3). Starbucks vision is to our partners, customersRead MoreThe Current And Predominant Trend Of Job Satisfaction And Work Motivation873 Words   |  4 Pagessatisfaction and work motivation along with the organizational commitment around the world, but when we check on local evidences we came to know about the scarcity of the information in this particular area. According to well managed establishments such as Starbucks; the most important factor of quality and productivity are workers. An efficient organization will recommend a concept of commitment and satisfaction among its workers at all times. There are many motivational theories such as Maslow Hierarchy ofRead MoreResume Internationalization of Starbucks1152 Words   |  5 PagesRESUME INTERNALIZATION AT STARBUCKS ? Index Starbucks Journey Porter’s five forces model for Starbucks Starbucks - SWOT Performance Analysis and Learning Next Steps Starbucks Journey 1996 - 1999 ï‚ · First outlets outside North America, in the Far East Japan and other countries in the region ï‚ · Starbucks introduced espresso drinks for the grocery channel in partnership with Pepsi-Cola ï‚ · Starbucks introduced a home espresso machine in 1997 ï‚ · Starbucks signed a licensing agreementRead MoreStarbucks, An American Coffee Company1439 Words   |  6 PagesStarbucks, an American coffee company which was established in the year 1971. At that time it has only one store in Seattle’s Historic Pike Place Market, Washington. It covered a long journey from that single store to hundreds and thousands of stores in different countries. It has 9 stores in Seattle till 1987. The professional management and strategies used by Howard Schultz made the company globally successful. The result of his efforts lead to the expansion of stores from 400 in US to 4700 inRead MoreWhy Starbucks Company Achieves Superior Performance1035 Words   |  5 PagesStarbucks Corporation is an American company, which are a premier marketer, roaster and retailer of the specialty coffee around the globe. The company operated in more than 60 counties and is known as the largest coffee company in the world. During fiscal year from September 28 to July 28 of 2015, it had generated consolidated revenue of 18.43 billion (1). Their product mixes comprise of coffee, handcrafted beverages, merchandise, various fresh food and other consumer products, such as bottled coffeeRead MoreStarbucks Case Study 31195 Words   |  5 PagesStarbucks case study 3 Q1. What type of departmentalization are being used? Explain your choices. Ans. Types of departmentalization being used are : a. Retail Expert b. Administrative c. Manufacturing d. Sales amp; Marketing Q2. Do you think it’s a good idea to have a president for the US division and for the international divisions? What are the advantages of such an arrangement? Disadvantages? Ans. Yes, it will be good idea to have a president for US division and internationalRead MoreStarbucks Control Mechanisms1624 Words   |  7 Pagessystems are designed and implemented as a means to control resources and to ensure that employees act in a manner that is beneficial to their organization. Effective managers can use control systems as a tool to make sure activities are carrying on as planned. Starbucks is a nationwide coffee house specializing in variations of coffee. Starbucks implements control functions like budgetary, financial, market, and clan. Control Mechanisms Starbucks, like most major corporations have many control methodsRead MoreImplementation Plan1245 Words   |  5 PagesStarbucks primary objective is to establish the company as the most recognized and respected brand in the world (Starbucks Website). Starbucks is a gourmet coffee shop so they must increase their name brand so as to justify their gourmet status. In order to maintain its success Starbucks must implement an effective implementation plan. A company may have a great product, but if it fails to identify a specific market, or to use a proper marketing plan, it will not be able to successfully reach theRead MoreInformation Management Systems ( Ims ) Essay996 Words   |  4 PagesInformation Management System (IMS) refers to a database that integrates financial and other information in organizations from different levels of management and produces regular reports. Starbucks is one of the firms that have implemented IMS. This paper describes IMS for Starbucks, its impact o n competitive edge and how it helps to coordinate supply chain partners and to monitor inventory levels. The paper also explains why managing information is better than moving products. Starbuck s IMS StarbucksRead MoreStrategic Alignment Is A Method For Understanding The Nature Of A Business1646 Words   |  7 Pagesachievable its visions for the future are (Morrison et al., 2011). On the other hand, ‘best practice’ demonstrates an established set of human resource practices that can be utilized within any circumstance to achieve competitive advantage and a win-win situation for all parties. When designing a remuneration and performance management system, it is recommended for the Starbucks Corporation to utilize ‘strategic alignment’, as this approach provides insight to where the company stands from its competitors