Starbucks Corporation: Finance and Accounting

Running Head: Starbucks Corporation
Starbucks Corporation: Finance and Accounting
Student name
College
Instructor
Course
Starbucks Corporation
Starbucks is a global coffee chain whose headquarters are located at Seattle. It is referred to the biggest coffee chain in the world with its stores located in 55 countries. It has more than 1700 stores around the more 11,000 stores located in US. The greatest opportunity that Starbucks tapped was the fact that coffee is among the most common drink in the world. Through strategic management, Starbucks number of stores rose from 17 in 1987 to more than 16,120 stores by 2009. Critical decision making by its management has been key to the success of Starbucks.
Founded in 1971 by three partners, Zev Siegel, Gordon Bower and Jerry Baldwin in Washington at Seattle, it has matured from a small shop to a global giant corporation that initially operated in US only. Alfred Peet, who used to grow high quality coffee beans in his farm influenced these founders. Initially they choose him to be their only supplier of the bean, which they would process and sell them to the bars and restaurants where these beans were on high demand. Howard Schultz joined the partnership in 1982 but would sell the coffee in his coffee house referred to as II Gionale. Later, he acquired the Starbucks Coffee chain from the original owners who were also the founders. II Gionale and Starbucks coffee chains were integrated to form Starbucks. Through dedication and deep research and development along with making viable economic decisions, Starbucks number of stores rose from 17 in 1987 to more than 16,120 stores by 2009. The key to its growth has been dedication to expansion while focusing on quality. The stores are located strategically in community where the stores ensure that it becomes part of a society where we work as a community that brings together clients, workers, and other society members together. Through this corporation, Starbucks has become a force to reckon with, as it leads, others follow.
The mission statement, goals, and objectives are very important tools that give direction in all the operations of a firm. At Starbucks, this is clearly defined to guarantee the success of this firm and offer it a strength that lacks among its competitors. Starbucks corporate missions is "To inspire and nurture the human spirit-one person, one cup, and one neighborhood at a time"(Our Starbucks Mission Statement, 2010). A number of principles / objectives that enable the mission statement to be achieved support the above clearly stated mission statement
Being a global corporation, Starbucks financial operating system is separated into three segments. These segments are:
* US
* International and
...