Starbucks Final Case Study Essay - 3803 Words

Final Case Study and Strategic Plan: Starbucks’ Global Quest BUS 402 Strategic Management Business Policy Executive Summary Here at Starbucks, we have had a very rewarding year thus far, and have been very successful since the beginning of our journey. As a matter of fact when you mention the name, Starbucks, people quickly think about that wonderful aroma and taste that is associated with the Starbucks’ name. This is truly what we are trying to create, a partnership with our customers, employees, and shareholders. One article suggests that â€Å"Starbucks Coffee Company is the leading retailer, roaster and brand of specialty coffee in the world. In addition to its retail locations in North America, Europe, the†¦show more content†¦Ã¢â‚¬Å"Starbucks Corporation† http://www.mhhe.com/business/management/thompson/11e/case/starbucks-2.html). From the very beginning, Starbucks wanted to be different from other firms; we wanted to create a friendly atmosphere, one where we felt closeness with our customers. â€Å"Our mission is to inspire and nurture the human spirit-one person, one cup, and one neighborhood at a time† (http://www.starbucks.com/about-us/our-heritage). There are numerous strengths present which are highly responsible for the upward direction that Starbucks is moving toward. Starbucks is the leading retailer of specialty coffee with a strong brand name image that is associated with high quality and customer loyalty. Not only can Starbucks be found all over the United States, but we have now globalized and are welcome in most countries. Our sales and services have made us land on the Fortune 500 list several times. We are truly committed to their customers and recognize their employees as partners which have made Starbucks a great place to work. Economic Assessment The economy has definitely made it tough for us; in 2008 we felt the pressures from the recession but has since made some adjustments. However, since that time, we have once again made it to be a top competitor in the coffee business. Because there are not many other organizations who can offer what we can offer is great for business. Additional products have been added to the list ofShow MoreRelatedStarbucks Final Case Study4310 Words   |  18 Pages CASE STUDY: STARBUCKS CORPORATION (SBUX) Frank Mabson BUS 411: Strategic Planning Professor Oma Lopes Midway College - Online Historical Background The name Starbucks came from a character that was chief mate aboard the Pequod in the novel Moby Dick by Herman Melville (Rolph, 2012). Originally, the name for the company was Pequod until one of the original co-owners vetoed it and agreed on the name Starbucks instead. 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The professional management and strategies used by Howard Schultz made the company globally successful. The result of his efforts lead to the expansion of stores from 400 in US to 4700 inRead MoreMGT330 Case Study Starbucks Structure w1237 Words   |  5 Pagesï » ¿ Case Study: Starbucks’ Structure Cynthia Duff MGT330: Management for Organizations Instructor: James Worsley October 13, 2014 Case Study: Starbucks’ Structure Starbucks Coffee, we all know the name and most love the coffee and atmosphere it brings to our daily lives. Starbucks started out like most organizations a small coffee shop in 1971 in Seattle’s historic Pike Place Market and grew. This small shop started out as a single owner who the employees answered to which is known as departmentalizationRead MoreMarketing Analysis of Starbucks1182 Words   |  5 Pagesessential to the success of any company. A company may have an ideal product, but without proper positioning, identification of a target market, and a proper marketing plan a company would not be able to successfully market its products to consumers. Starbucks has been successfully able to convert an activity carried out at home to a commercial success through proper implementation and execution of its strategic intent. The firm has been able to convince consumers that its stores provide more than justRead MoreStarbucks : Just Who Is The Starbucks Customer1085 Words   |  5 PagesStarbucks’: Just Who Is The Starbucks’ Customer? Case Study Introduction: Starbucks started out in Seattle by three friends who were passionate coffee lovers. The small coffee shop became an instant hit with the locals. It sold the finest coffee and satisfied the thirsty community and by 1980, after less than a decade since its inception, it had become Washington’s biggest coffee master. 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The Philippine National Police - 8266 Words

Philippine National Police ( PNP ) The Philippine National Police or PNP is the national police force of the Republic of the Philippines with a manpower strength of 113,928 as of end-July 2007. It provides law enforcement services through its regional, provincial, municipal, district and local police units all over the islands. Created by virtue of Republic Act 6975, otherwise known as the â€Å"Department of the Interior and Local Government Act of 1990, the PNP came into being on January 29, 1991, at Camp Crame, Quezon City, when the Philippine Constabulary and the Integrated National Police were retired as mandated by law. Vision The Men and Women of the PNP are committed to a vision of a professional, dynamic and highly motivated†¦show more content†¦It was set up by virtue of Organic Act No. 175, enacted by the Second Philippine Commission on July 18, 1901. The Constabulary then was composed of six thousand men led by American officers and former members of the Spanish Guardia Civil. Under close American direction and control, it functioned as a military organization. Since its formation, the Constabulary had been primarily discharging police law enforcement and public safety functions. Its officers and men had served with distinction both in the field of law enforcement and in combating violence and lawlessness, and in various aspects of public service. There was even a time in history when they performed the duties of teachers, sanitary inspectors, midwives, doctors and foresters. The Philippine Constabulary was mandated as a civilian organization on March 15, 1945 when it was placed under the general supervision of the Interior then later transferred to the Secretary of National Defense on March 30, 1950. The Secretary of Interior had supervision over the Constabulary as early as January 13, 1939 until the outbreak of World War II. As an insular police force, the officers of the Constabulary carried the civilian title of â€Å"inspector.† Its peacekeeping duty was limited to areas where military rule had been lifted. The Constabulary At War The participation of the Constabulary in the dark years of the Second World War began upon President Roosevelt’s declaration of a state of emergency in the United States. ManilaShow MoreRelatedA Bloody Clash Of Philippine National Police1504 Words   |  7 PagesEvents On 25 January 2015 a bloody clash transpired between Philippine National Police (PNP)-Special Action Force (SAF) troopers, the Moro Islamic Liberation Front (MILF), and Bangsamoro Islamic Freedom Fighters (BIFF) forces leaving 44 police commandos dead. It was believed a high valued target (HVT) MILF leader Zulkipli Bin Hir of Malaysia, also known as Marwan was killed as a result of operation. (Kabiling, 2015) (Recuenco, 2015). 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Case Study Solution about Astro Incorporated Financial Investments

Questions: Case I Astro Incorporated Financial Investments Astro Incorporated ("the Company" or "Astro"), incorporated in Delaware, is principally engaged in the manufacture and sale of clothing. The Company has three lines of business: (1) outerwear, (2) t-shirts, and (3) tank tops. Astro was extremely successful in its early years when it partnered with colleges and universities to create outerwear, t-shirts, and tank tops for athletes, students, and alumni. This partnership also enabled Astro to hire a group of college graduates with a proven track record and a passion for investing in the stock market. Together, Astro and these graduates created a new investment department in 2014. Astro management set aside a portion of the previous years' profits for the investment department to invest in equity and debt securities for the Company. Astro has six investments remaining in the department's portfolio as of December 31, 2014. Astro classified all equity and debt securities as either available for sale or held to maturity under the Company's investment policy. The accounting department is preparing financial statements for the fiscal year ended December 31, 2014, and the auditors have asked Astro whether any of its investments are other-than-temporarily impaired. The CFO of Astro needs to present the investment department's financial results at the next operating committee meeting so the committee can decide whether to continue the investment program and if so, determine the amount of funds that should be allocated. In looking at the accounting records provided by the accounting department, the CFO is beginning to question the investment department's expertise because all investments have declined in value relative to each investment's original purchase price. The accounting manager compiled the following information about each of the investments in order to determine whether the investment is other-than-temporarily impaired as of December 31, 2014. 1. Astro purchased 11 shares of Happy New Year Co. stock on January 3, 2014, at $20 a share to celebrate the new year and classified its investment as available for sale. In March, the share price dropped to $15, and from April through November the price remained steady between $14.75 and $15.25 per share. On December 31, 2014, the price was $15. Astro management does not believe the decline in price to be permanent and has asserted that it does not intend to sell this investment in2. On November 11, 2014, Astro purchased notes of Beary Beary. As of December 31, 2014, the amortized cost of the debt security is $95 and the fair value is $88. Although Astro's investment committee established a policy requiring the sale of this security when the fair value declines below $90, Astro still held the investment on December 31, 2014.3. On September 20, 2014, Astro purchased bonds issued by Buy-A-Lot Company with an amortized cost of $100 and a fair value of $88 as of December 31, 2014. In D ecember, SP upgraded the credit rating of Buy-A-Lot Company from BBB to BBB+. Management has asserted it does not intend to sell this investment in the future.4. On March 25, 2014, Astro bought 50 shares of March Madness Incorporated stock at $100 a share, classifying its investment as available for sale. In August, the price of the stock decreased to $70, and from September through November, the stock price fluctuated between $65 and $75. As of December 31, 2014, the price of the stock was $72. On January 31, 2015, the date the Company's financial statements are issued, the price of the stock went up to $75.5. Astro purchased bonds issued by Tohoku Toys on February 9, 2014. The bonds have an amortized cost of $25 and a fair value of $5 as of December 31, 2014. Tohoku Toys is going through a restructuring because it was significantly affected by a severe earthquake in April 2014. Astro does not believe that the restructuring will ultimately be successful. 6. Astro holds a debt secur ity issued by Chatterbox with an amortized cost of $100 and a fair value of $90 as of December 31, 2014. The present value of the cash flows Astro expects to receive, taking into consideration the credit quality of Chatterbox, discounted at the security's original effective interest rate is $92 as of December 31, 2014. Astro intends to sell this security. Required: A For the following investments, determine if Astro should record an other-than- temporary impairment as of December 31, 2014, and if so, for what amount:a. Happy New Year Co.b. Beary Beary.c. Buy-A-Lot Company.B. Assuming Astro has determined its investment in March Madness Incorporated stock is other-than-temporarily impaired, how much should be recorded as an impairment charge as of December 31, 2014? (show calculation)C. Assume the same facts as in 2 above, but that Astro has not yet determined whether an impairment exists or the amount of any possible impairment. For March Madness Incorporated, would Astro still conclude that the investment is other-than-temporarily impaired, and would the impairment charge as of December 31, 2014, be different if the stock price at issuance of the financial statements (i.e., as of January 31, 2015) was $95 and not $75?D. For Tohoku Toys, determine if Astro should record an other-thantemporary impairment as of December 31, 2014.E. For Chatterbo x, what amount should be recorded as the other-than-temporary impairment as of December 31, 2014? Does the answer change if Astro does not intend to sell the security and it is not more likely than not that it will be required to sell the security? Answers: A. Happy New Year Co. stock: as per the Accounting Standards Codification 320, when the decision of whether the equity security is temporarily impaired or not, the following has to be taken into account: Whether its fair value is below cost Whether this fall in the fair value has been in existence of a longer period of time The financial position of the issuer has deteriorate dover time and it has been experiencing problems The issuer is facing the issue of going concern and the same has been stated in the auditors report. The fall in the value is due to some of the specific reason The dividends have bene reduced or eliminated The changes in the tax laws, regulations or the other governmental policies have impacted the issuer Keeping in mind the above stated points, the shares of the company have a fair value that is lower than what they were purchased for and the fall has been in place for quite some time now. Also, there is no specific reason for the fall, therefore, the investment will be treated as to be other than temporarily impaired. Beary Bear debt security: as per the ASC 320, any debt security whose fair value is lesser than its amortized cost is said to have been impaired. For the entity to impair its investment, it has to consider whether it has the intention to sell the asset. For determine that, it has to consider all the available evidence such as the following: The entity or its agent has approved the sale of the security The entity directed it to sell the security The security is the part of the securities of the entity and has identified the same for sale The security is sold shortly after the date of the balance sheet. In case the intention of the entity to sell does not exist, then the factors like the requiring the entity to sell the security and the probability of the factors that occur during the anticipated recovery period will be taken into account. If the entity does not sell the security, then it is more likely that it will be required to sell an impaired debt security, then other than temporary impairment exists and the amortized to be impaired will be Fair value minus the amortized value of the debt security. Therefore the notes of Beary should have been sold but were not, therefore the fall in the value will be treated as the other than temporary impairment. (IAS 320, 2015) Buy a lot company: (FASB 325) Debt Security is defined as the security that represents the creditor relationship with the entity. And will include all the following: Preferred stock is expected to be redeemed by the issuer or at the option of the investor S. Treasury securities S. government agency securities Municipal securities Corporate bonds Convertible debt Commercial paper All securitized debt instruments, such as collateralized mortgage obligations and real estate mortgage investment conduits Interest-only and principal-only strips. (Law resource, 2015) As per the ASC 320, any debt security whose fair value is lesser than its amortized cost is said to have been impaired. For the entity to impair its investment, it has to consider whether it has the intention to sell the asset. For determine that, it has to consider all the available evidence such as the following: The entity or its agent has approved the sale of the security The entity directed it to sell the security The security is the part of the securities of the entity and has identified the same for sale The security is sold soon after the date of the balance sheet In case the intention of the entity to sell does not exist, then the factors like the requiring the entity to sell the security and the probability of the factors that occur during the anticipated recovery period will be taken into account. If the entity does not sell the security, then it is more likely that it will be required to sell an impaired debt security, then other than temporary impairment exists equal to the difference between the fair value and the amortized cost of the debt security. Therefore the bonds of Buy a lothave been asserted to as not being held for investment, therefore the fall in the value will be treated as the other than temporary impairment. B. The following is the calculation of the impairment charge: $(100-72)50 = $1,400 This is in light of the FASB 325, In case the intention of the entity to sell does not exist, then the factors like the requiring the entity to sell the security and the probability of the factors that occur during the anticipated recovery period will be taken into account. If the entity does not sell the security, then it is more likely that it will be required to sell an impaired debt security, then other than temporary impairment exists equal to the difference between the fair value and the amortized cost of the debt security. C. The revaluation is done as on the date of the balance sheet which is December 31 and even if the price of the stock has risen after it but fallen as on the next balance sheet date, there is an impairment loss. Hence, the calculation will be as under: $(100-72)50 = $1,400 D. As per the Accounting Standards Codification 320, when the decision of whether the equity security is temporarily impaired or not, the following has to be taken into account: Whether its fair value is below cost Whether this fall in the fair value has been in existence of a longer period of time The financial position of the issuer has deteriorate dover time and it has been experiencing problems The issuer is facing the issue of going concern and the same has been stated in the auditors report. The fall in the value is due to some of the specific reason The dividends have bene reduced or eliminated The changes in the tax laws, regulations or the other governmental policies have impacted the issuer Keeping in mind the above stated points, the price of bonds of Tohoku Toys fell due to the natural disaster that took place. Therefore, the investment will be treated as being temporarily impaired. E. The amount to be recorded must be $(100-90). In case, the business decides to sell the securityor it is more likely than not that it will be forced to do so before, then there will be a recovery of the amortized cost of the security and the loss of the earnings must be recognised. But in case, the business does not intend to sell the security and it is more likely than not that it will not have to do so, then a separate impairment will have to be made for the credit loss. Once the impairment is done, the amount becomes the new amortized cost ($90) and then no upward recording in the price can be done. Hence, the security can in no case be recorded as impairment at $92. The amount of $(92-90) can only be treated as the interest income. (Accounting tools, 2015) References: Accountingtools.com, (2015). The other-than-temporary impairmentconcept - Questions Answers - Accounting Tools. [Online] Available at: https://www.accountingtools.com/questions-and-answers/the-other-than-temporary-impairment-concept.html [Accessed 2 Mar. 2015]. Law.resource.org, (2015). 325 Investments Other. [Online] Available at: https://law.resource.org/pub/us/code/bean/fasb.html/fasb.325.2011.html [Accessed 2 Mar. 2015]. www.iasplus.com, (2015). IAS 320. [Online] Available at: https://www.iasplus.com/en/publications/us/financial-reporting-alerts/2013/fra-13- [Accessed 2 Mar. 2015].