Starbuck's coffee

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Back in 1983, Howard Schultz the idea of bringing a European­ style coffeehouse to America. People to slow down, he believed ­to "smell the coffee" and enjoy life a little more. The result was Starbucks, the coffeehouse chain that the trend in America of enjoying coffee to its fullest. Starbucks doesn't sell just coffee, it an experience. Howard Behar, Starbucks's interna­tional president, says, "We're not in the business of filling bellies, we're in the business of filling souls."
Starbucks now a powerhouse premium brand in a category where only cheaper commodity products just a decade ago. Starbucks's sales and prof­its like steam off a mug of hot java. Nine million customers the company's more than 2,100 stores each week-10 percent of them drop by twice a day. Last year, Starbucks's total sales at an average of over 34 per­cent; profits 68 percent a year.
Starbucks's success, however, has drawn a full litter of copycats, ranging from direct competitors such as Caribou Coffee to fast-food mer­chants. These days it seems that every­one its own brand of pre­mium coffee. "Drive up to a Mobil gas station and the convenience store has certified organic coffee supplied by Green Mountain Coffee Co.," one analyst. "In the Pacific Northwest, McDonald's a blend from Seattle Coffee Co." To maintain its phenomenal growth in an increasingly over caffeinated mar­ketplace, Starbucks has brewed up an ambitious, multi-pronged growth strategy. Let's the key ele­ments of this strategy: