Highlights
Task:
This Assessment is a written submission assignment and will be using the analysis of the Starbucks case study which will be attached to this assessment brief.
The answers will address the questions related to the analysis of the case study which students will receive and must be uploaded into a Turnitin folder created on the course Moodle platform. After the case study is uploaded, students will be allowed a week to analyse the case study and answer the questions which are below. After a week the exam will be closed. Students are required to provide a comprehensive analysis of the case study, by answering to the questions in this assessment and including drawing on the various theories and cases covered during this course and through their own research. The answers must illustrate flow and progression of ideas through critical and independent thought.
EXAM QUESTIONS:
Based on the detailed and critical analysis of the Starbucks case given, answer the following below points:
1. Identify and critically assess the importance of each stage of a product life cycle using the Starbucks case. You must support your explanation of the product life cycle (PLC) with a drawing of the model.
Argue which stage of the product life cycle Starbucks Brand is in today and support your claim with evidence. What is the recommended marketing strategy relating to managing a brand in this stage? (35pts
2. Classify Starbucks business based on the case study analysis, using the Boston Consulting Group Matrix. Provide arguments for why you have positioned Starbucks in the chosen quadrant. (35pts)
3. Describe the Ansoff Product Market Expansion Grid. You must support your explanation with a drawing of the model and with regards to each quadrant of the Product Market Expansion Grid, argue which activities that Starbucks must undertake to ensure further grow? Support your argument with evidence. (30pts)
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