“We measure what drives perception of our brand and the single most important thing, is the connection made between partners and customers.” Of the people who consider purchasing at Starbucks, 47 percent do so because of the partner and customer connection.
Starbucks seven strategies for growth:
1. Be the Employer of Choice – Invest in partners capable of delivering a superior customer experience.
2. Lead in Coffee – Continue to build our leadership position around coffee agronomy, sourcing, roasting, brewing and serving handcrafted beverages.
3. Grow the Store Portfolio – Increase the scale of the Starbucks store footprint with disciplined expansion. (Different formats, licensing opportunities and international expansion)
4. Create New Occasions to Visit Stores – Grow store usage across day parts with new product offers. In addition to breakfast, create new food offerings for lunch, afternoon refreshment and snacks, and evenings.
5. CPG Brand Growth – Focus on the Starbucks brand to unlock profitable growth rarely seen in consumer packaged goods internationally.
6. Build Teavana – Create a second major business in tea. The global tea market is about a $109 billion dollar industry. (Emphasis on Tea Bars, relevant tea products and formats, Teavana in Starbucks, and Teavana in the grocery aisle)
7. Extend Digital Engagement – Drive convenience and brand engagement through mobile commerce platforms. This includes expanding the number of customers participating in My Starbucks Rewards, and launching Mobile Order & Pay and Delivery. (1 in 8 Americans received a Starbucks gift card for Christmas)
"These strategies will deliver growth and the enduring company Howard spoke about.