onStrategy

Starbucks is going through transformational changes

February 14, 2023
< 1 minute

By Sorin Anagnoste

Strategy | Business Models | Tech

#onStrategy

Starbucks Q4 2022 quarterly results Source: The Economy App; Starbucks’s Quarterly results (Q4 2022)[/caption]

With 36k stores worldwide Starbucks has multiple challenges:

  1. As can be seen from the graphic, food is still underrepresented. What happens in a Starbucks after 16.00 PM? Nothing much…and that’s a problem.
  2. The future of restaurants is to go. LINK
  3. The most ordered drinks take more than 3 minutes to be prepared and involve a number of actions and machinery. A total redesign is under way, but should happen much faster. LINK
  4. Communities are crucial and entertaining and rewarding them is a new skill that Starbuck should continue excelling at
  5. A new CEO is underway to take the lead. LINK

Discover posts:

Good vs. Bad Strategy

Good strategy is elegant, precise, and unmistakably actionable. It identifies the critical problems, focuses energy where it matters most, and commits to coherent, deliberate action. Like a scalpel, it cuts away distractions and aligns effort to impact. Bad strategy? It’s noise masquerading as substance. It’s a wish list of aspirations, (...)

Read more
Microsoft AI Copilot

Microsoft AI Copilot

Microsoft showed a 36 minutes video on their new toys: AI to all productivity tools. Writing is one of the most powerful skills one can have. Now, even if you don’t have it you still have great help: Microsoft AI Copilot and other similar tools. What it means for businesses: (...)

Read more
Explore newsfeed