The Risk Management Plan For Starbucks - 880 Words

Businesses face a Variety of risks every day. These risks usually have a negative impact on performance and financial condition. Without an effective risk management plan, organizations would not grow and thrive. In this paper, we developed a risk management plan to help us identify, evaluate and treat all potential risks faced by an organization. The risk management process will focus on the frequency and severity of potential losses, with a view to risk control or risk finance. Introduction: Starbucks, founded in 1985, is the world’s largest coffeehouse chain, with more than 19,000 coffee shops in 62 countries. Starbucks product mix includes specialty coffee, hot and cold beverages, fresh food items, and other items such as mugs and coffee grinders. Starbucks-brand coffee, refreshers, and ice cream are also offered at grocery stores. Mission: â€Å"to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time.† At Starbucks, it is all about quality. Starbucks strives to maintain a positive brand image within the company itself and also within the communities they serve. The company s passion is expressed throughout its products, engaging baristas, and modern store designs, all directed towards enhancing the â€Å"Starbucks experience† for its customers. With these high goals and standards as well as the desire to deliver the best service within all of its locations, the company is exposed to various types of risks. The frequent potential lossesShow MoreRelatedCase Study : Qso 600 Milestone Three Essay1375 Words   |  6 Pagesinherent risk when a company attempts to introduce a new product to the market, and most of the risk is associated with the initial risk mitigation strategy as well as management strategies for how manage the new product’s launch. Research shows that roughly 75% of consumer packaged goods and retail products fail to earn at least $7.5 million during their first year, and much of these failures can be attributed to poor strategy (Schneider Hall, 2011). Starbucks is not immune to the same risks thatRead MoreControl Mechanisms972 Words   |  4 PagesStarbucks: Control Mechanisms Starbucks: Control Mechanisms Starbucks is the leading coffee company in the world. They have locations around the world, many of which are independently owned. In order for the corporation to keep accurate records on the stores, they have implemented many types of controls. Four types of controls used in the Corporation are Bureaucratic Control, Budgetary Control, Financial Control, and Concurrent Control. Bureaucratic Control Read MoreEssay on Starbucks Risk Management1233 Words   |  5 PagesINTRODUCTION Starbuck Corp is well known as one of the world’s largest coffee chains. From original Seattle stores, Starbucks has grown to a multi-national company with more than 17,000 stores across the globe in less than 40 years. Starbucks going deep in Asian markets because of the emerging markets in Asia. Asian consumers’ disposable wages is growing as their countries’ economies nurture, as well as for the most part of all, people over there are open to Western lifestyles. Starbucks decided toRead MoreSwot Analysis : The Matrix1371 Words   |  6 Pagesexternal opportunities and threats facing a company and matches them up to the internal strengths and weaknesses, to give the company four possible strategic alternatives (Hunger, Wheelen, 2011, p. 77). As discussed previously, a major concern for Starbucks is their need for growth in foreign markets, and their education of the foreign markets, needs wants and expectations. According to the TOWS matrix, an alternative Strength Opportunity (SO) Strategy is to utilize the company’s ethical values andRead MoreStarbuckss Strategic Initiatives At Starbucks1243 Words   |  5 Pagespresident and chief executive officer of Starbucks, Howard Schultz, launched a transformation plan, which included focusing on the customer while still achieving value for the shareholders. In January 2008, Starbucks released a statement regarding the strategic initiatives planned to accomplish just that (Starbucks announces strategic initiatives to increase shareholder value; chairman Howard Shultz returns as CEO, 2008). In the announcement Schultz shared that his plan would include refocusing on the customerRead MoreStarbucks Risk Management Essay1110 Words   |  5 PagesStarbucks Risk Management FIN 415 March 25, 2013 Starbucks Risk Management In this documentation Team B will discuss different risk management benefits and techniques, and how companies use these benefits and techniques to further their financial goals and prevent future losses. There are two distinct risk management benefits categories: hard and soft. Hard risk management benefits are contingencies, decisions, control, and statistics. Hard benefits support the strategic business planningRead MoreCritical Thinking Application B International Hr1422 Words   |  6 PagesCritical Thinking Application 2- B International HR: 1. So what are the critical HR issues with regard to Starbucks’ international goals? Critical HR issues include: One of the critical HR issue that may have a direct influence on Starbucks when operating outside the United States is related to compliance with the employment and labor law in the host country: management should understand the labor law in the host countries, staff entitlements and benefits, staff promotions and compensations, recruitmentsRead MoreStarbucks Company Evaluation1607 Words   |  7 PagesBA 530 Employee Retention and Company Success Starbucks believes that the compensation paid to executive officers should be closely aligned with the performance of the company on both a short-term and a long-term basis, and that such compensation will assist the company in attracting and retaining key executives, which is critical to long-term success.    Thus, compensation for executive officers consists of three components: annual base salary, annual incentive bonus, and long-term incentiveRead MoreStrategic and Financial Planning1336 Words   |  5 Pagesthe goals of an organization or business, financial planning is described as the approach towards the management of an organizations finances in methods that contribute to the accomplishment of the business needs. Links between Strategic and Financial Planning: Strategic and financial planning processes involve the definition of objectives, collection and analysis of data, execution of the plan, and evaluation of results. As previously, mentioned, strategic and financial planning have two majorRead MoreStrategic Management : Mission And Objectives1176 Words   |  5 Pagesremain diligent in their strategic management. Review of Mission and Objectives According to all three summary analysis tools that have been utilized, the EFAs, IFAS, and the SFAS, these tools indicate that Starbucks understand what their mission, vision and goals are. They also understand that they need to continually assess where their current strategic plan is placing them in their market and what weaknesses and threats continuously remain for them. Starbucks understands that with corporate

The family must be patient in waiting Free Essays

Addiction is a grave dilemma that cannot be ignored. The more the addiction is denied, the more problem it poses not only to the addict but to the family as well. Counselling is one possible solution on how to approach problems such as addiction. We will write a custom essay sample on The family must be patient in waiting or any similar topic only for you Order Now However, in counselling, patience is needed. The family must be patient in waiting for the slow but sure change that comes with counselling and also patience for the addicted family member. It will take some time for counselling to take effect and it is a continuous process. Counselling is defined collectively as a process of exploring an individual’s life that pertains to the problems causing emotional pain or frustrations while focusing on improving his or her psychological well-being in such a way that the client will be able to reach their full potential after the program. An alcohol and drug counsellor deals with the issues that could have caused the addiction for the individual. Before the actual counselling begins, the counsellor has to be able to gather apt and suffice data and information regarding the past and the present condition of the individual that needs counselling. Assessment or getting the basis data from the client for treatment is one of the methods used in counselling. Upon entry into the program, a safe and trusting environment has to be established and then determining the problem to be worked on follows. In determination of this problem, counselling has to involve assessment. Assessment involves gathering pertinent information and data about the client. Some methods that counsellors use for assessment include qualitative techniques, testing, behavioural evaluation and checking of past records, among many others. The data gathered by the counsellor is then interpreted to be able to formulate a hypothesis or a diagnosis regarding the client’s condition. However, assessment is not just a one-time affair. Assessment should be progressive and all through out the program to ensure that there has been an improvement in the client. Because counselling is continuous, so is the assessing of the client. This can be of help to the treatment because whatever the client is feeling as of the moment may change throughout the course of the counselling. The objectives that the client has agreed to meet upon today may have to be changed as the days go by either because of progress or by retreat. In addition, there might be new problems that emerged as a result of the few therapeutic sessions that took place already or there might be fewer problems than when the first assessment occurred. As aforementioned, the assessment of the client can also be used as a basis for progress. Another helpful tool in assessing the client is collecting and examining the client’s past records. This is because when only the client is interview and assessed, he or she may not be aware of the past problems or issues that he or she was suffering from and in turn may hide this from the present counselling. In addition, these records may be able to assist the current counsellor on what the previous treatments done to the client were not able to work, so that the counsellor would not invest time and effort in it. In addiction counselling, the vital assessment tools that are to be conducted on a regular basis are the urinalysis and breath analyzer tests, in addition to the self-reports addictive behaviour. The Addiction Severity Index or the ASI, is an interview that quantifies the seven addiction-related areas which are drug and alcohol use, medical, family/social, psychiatric, legal, and employment/support troubles. As soon as the counsellor has figured out what his actions or plans are, the client can now be engaged in the program. It is important that the counsellor and the client have some sort of contract or even a verbal agreement on what they both plan to achieve at the end of the treatment program. By doing so, the commitment and the expectations are both laid out in the open. Once the goal has been identified and the client and counsellor agreement is committed into achieving it or least trying to, an exploration process is started upon by the counsellor. The counsellor will explore on the different approaches that he or she can take to attack the problem presented in front of him or her. There are a lot of solutions and interventions that the counsellor can implement but he or she should be careful in choosing it. The factors that he or she should consider would be the ones that he or she was able to find out from the previous assessment that he or she made. Sometimes, to get a second opinion, the counsellor can also seek for a brainstorming session with his or her colleagues, albeit the identity of the client is not freely shared for confidentiality purposes. When the exploration process is done and the counsellor has devised an approach on the problem, he can now choose from the solutions on hand. However, choosing one method or one solution now does not mean that he cannot alter this in the process. Tweaking the approach per client’s need may be necessary, but it will always be the call of the counsellor to do such a move. How to cite The family must be patient in waiting, Essays

The French Society in the Mid and Late 19th Century

Question: Write an essay on the French Society in the Mid and Late 19th Century. Answer: The French society saw a Realism movement until the late 19th century that depicted a truthful and objective vision of the contemporary life. This era was just after the end of the monarchy of Louis-Philippe and came under the rule of Napoleon Bonaparte (iii). In the painting Olympia, Edourd Manet depicted Olympia as a nude women. The painting was first hung in Salon, Paris. The critics were very negative about the painting. It depicted Olympia as a nude woman but very rich. She was understood to be prostitute of the time. Eduard Manet painted the actual reality of Paris as he said the middle class man of Paris use to go to the prostitutes and it was a daily affair. This reality was hidden and it was not so often spoken in a sophisticated society. From the mid to late 19TH Century, the society of France had passed through many revolutions and the people were embracing modernisation. The woman in the society had started working outside their houses (Bishop, 2008). Depiction of slavery in Olympia: The black servant`s presence in the painting emphasizes the fact that the courtesan, unlike the street walker or common man has a control and governance and may even imply that those who capitulate the beauty and charms of Olympia are subordinate to her just like black servant. Attitude towards slavery in the 19th century America: In the 19th century, the public had changed their mind towards slavery but the law did not enforce this. The society was going to achieve equality and the people wanted to live in peace harmony and liberty (Horton and Horton, 2005) References Bishop, M. (2008).Contemporary French art. Amsterdam: Rodopi. Horton, J. and Horton, L. (2005).Slavery and the making of America. Oxford: Oxford University Press.