Financial Feasibility Of Starbucks Corp. Expansion In Italy.

Financial Feasibility of Starbucks Corp Expansion in Italy Patten University Financial Feasibility of Starbucks Corp Expansion in Italy This report will focus on evaluating the financial stability of Starbucks Corporation by assessing the feasibility of an expansion of operations into Italy and will include a forecast of future financial outcomes as a result of the expansion. Introduction Company Description Starbucks began in 1971 as a single store in Seattle’s historic Pike Place Market. From just a narrow storefront, Starbucks offered some of the world’s finest fresh-roasted whole bean coffees. The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition†¦show more content†¦Starbucks is no stranger to international markets and has multiple overseas subsidiaries in almost every country in which they operate. In 1985, Starbucks started its expansion into different cities in the USA and Canada, opening in Chicago and Vancouver, B.C. In 1995, Starbucks decided to internationalize its business outside of North America and expanded into Japan by creating a joint venture with SAZABY Inc. Today, Starbucks is the largest coffee shop company in the world holding 42.4% of the U.S. market share (Tucci, 2017) and generating more than 10 times the revenue of its closest global competitor, Costa Coffee, as of 2015 (Presi dent, 2015). Annual Reports Financial Statements This section shows copies of the company’s financial statements for the past five years. STARBUCKS CORP INCOME STATEMENT Fiscal year ends in September. USD in millions except per share data. 2012-09 2013-09 2014-09 2015-09 2016-09 Revenue 13300 14892 16448 19163 21316 Cost of Revenue 5813 6382 6859 7788 8511 Gross profit 7486 8510 9589 11375 12805 Operating expenses Sales, General and administrative 4719 5224 5630 6608 7425 Other operating expenses 980 3611 878 1166 1208 Total operating expenses 5700 8835 6508 7774 8633 Operating income 1787 -325 3081 3601 4172 Interest Expense 33 28 64 70 81 Other income (expense) 305 124 143 372 108 Income beforeShow MoreRelatedExploring Corporate Strategy - Case164366 Words   |  658 Pagesto be big and cutting edge – there are big mass market brands like Nike and PlayStation that manage to retain an edge despite their size. That’s what we intend to do.9 6 7 Financial Times, 30 April (2003), p. 13. Financial Times, 28 February (2003), p. 22. 8 9 New Media Age, 13 November (2003), p. 24. Financial Times, 30 April (2003), p. 13. ECS8C_C02.qxd 22/10/2007 11:53 Page 608 CASE STUDY The global pharmaceutical industry Sarah Holland The case looks at the developmentRead MoreInnovators Dna84615 Words   |  339 PagesSalesforce.com’s Marc Benioff. For a full list of innovators we interviewed whom we quote in this book, see appendix A; virtually all of the innovators we quote, with the exception of Steve Jobs (Apple), Richard Branson (Virgin), and Howard Schultz (Starbucks)—who have written autobiographies or have given numerous interviews about innovation—are from our interviews. We also studied CEOs who ignited innovation in existing companies, such as Procter Gamble’s A. G. Lafley, eBay’s Meg Whitman, andRead MoreManaging Information Technology (7th Edition)239873 Words   |  960 PagesProject at Consumer and Industrial Products, Inc. CASE STUDY III-2 A Make-or-Buy Decision at Baxter Manufacturing Company CASE STUDY III-3 ERP Purchase Decision at Benton Manufacturing Company, Inc. CASE STUDY III-4 The Kuali Financial System: An Open-Source Project CASE STUDY III-5 NIBCO’s â€Å"Big Bang†: An SAP Implementation CASE STUDY III-6 BAT Taiwan: Implementing SAP for a Strategic Transition CASE STUDY III-7 A Troubled Project at Modern Materials, Inc.

Building Sentences With Adverb Clauses (Part Two)

As discussed in part one, adverb clauses are subordinate structures that show the relationship and relative importance of ideas in sentences. They explain such things as when, where, and why about an action stated in the main clause. Here well consider ways of arranging, punctuating, and revising sentences with adverb clauses. Arranging Adverb Clauses An adverb clause, like an ordinary adverb, can be shifted to different positions in a sentence. It may be placed at the beginning, at the end, or occasionally even in the middle of a sentence. An adverb clause commonly appears after the main clause: Jill and I waited inside the Cup-A-Cabana Diner until the rain stopped. When Gus asked Merdine for a light, she set fire to his toupee. As I shuffled humbly out the door and down the front steps, my eyes to the ground, I felt that my pants were baggy, my shoes several sizes too large, and the tears were coursing down either side of a huge putty nose.(Peter DeVries, Let Me Count the Ways) When a bus skidded into a river just outside of New Delhi, all 78 passengers drowned because they belonged to two separate castes and refused to share the same rope to climb to safety. Punctuation Tips: When an adverb clause appears at the beginning of a sentence, it is usually separated from the main clause by a comma.A comma is usually not necessary when the adverb clause follows the main clause. An adverb clause can also be placed inside a main clause, usually between the subject and verb: The best thing to do, when youve got a dead body on the kitchen floor and you dont know what to do about it, is to make yourself a good strong cup of tea.(Anthony Burgess, One Hand Clapping) Punctuation Tip: An adverb clause that interrupts a main clause, as show in the example above, is usually set off by a pair of commas. Reducing Adverb Clauses Adverb clauses, like adjective clauses, can sometimes be shortened to phrases: If your luggage is lost or destroyed, it should be replaced by the airline.If lost or destroyed, your luggage should be replaced by the airline. subjectverbis Editing Tip: To cut the clutter from your writing, try reducing adverb clauses to phrases when the subject of the adverb clause is the same as the subject of the main clause. Practice in Revising Sentences with Adverb Clauses Rewrite each set below according to the instructions in parentheses. When you are done, compare your revised sentences with those on page two. Keep in mind that more than one correct response is possible. (Shift the adverb clause--in bold--to the beginning of the sentence, and make it the subject of the adverb clause.)The forest supports incessant warfare, most of which is hidden and silent, although the forest looks peaceful.(Shift the adverb clause to a position between the subject and verb in the main clause and set it off with a pair of commas.)While he was on maneuvers in South Carolina, Billy Pilgrim played hymns he knew from childhood.(Reduce the adverb clause to a phrase by dropping the subject and verb from the adverb clause.)While he was on maneuvers in South Carolina, Billy Pilgrim played hymns he knew from childhood.(Turn the first main clause into an adverb clause beginning with the subordinating conjunction whenever.)The sea builds a new coast, and waves of living creatures surge against it.(Make this sentence more concise by dropping the subject and the verb was from the adverb clause.)Although she was exhausted after the long drive home, Pinky insisted on going to work .(Move the adverb clause to the beginning of the sentence, and make the sentence more concise by reducing the adverb clause to a phrase.)Clutching his teddy bear, the boy hid under the bed because he was frightened by the lightning and thunder.(Emphasize the contrast in this sentence by converting the first main clause into an adverb clause beginning with although.)Teachers who contend with blank or hostile minds deserve our sympathy, and those who teach without sensitivity and imagination deserve our criticism.(Omit the semicolon and convert the first two main clauses into an adverb clause beginning with after.)The storm has passed, and the flash floods dump their loads of silt into the Colorado River; water still remains in certain places on rimrock, canyon beach, and mesa top. When you are done, compare your revised sentences with those on page two. NEXT:Building Sentences with Adverb Clauses (part three) Here are sample answers to the exercise on page one: Revising Sentences with Adverb Clauses. Although it looks peaceful, the forest supports incessant warfare, most of which is hidden and silent.Billy Pilgrim, while he was on maneuvers in South Carolina, played hymns he knew from childhood.While on maneuvers in South Carolina, Billy Pilgrim played hymns he knew from childhood.Whenever the sea builds a new coast, waves of living creatures surge against it.Although exhausted after the long drive home, Pinky insisted on going to work.Frightened by the lightning and thunder, the boy hid under the bed, clutching his teddy bear.Although teachers who contend with blank or hostile minds deserve our sympathy, those who teach without sensitivity and imagination deserve our criticism.After the storm has passed, and the flash floods dump their loads of silt into the Colorado River, water still remains in certain places on rimrock, canyon beach, and mesa top. NEXT:Building Sentences with Adverb Clauses (part three)

William Wordsworth Free Essays

Describe similarities and differences between â€Å"I wandered lonely as a Cloud† by William Wordsworth and the extract from The Grasmere Journals by his sister Dorothy Wordsworth. Comparison must include comments on the, language, imagery, genre and audience of the two texts. â€Å"I wandered lonely as a Cloud† by William Wordsworth is a lyric poem focusing on the poet’s response to the beauty of nature. We will write a custom essay sample on William Wordsworth or any similar topic only for you Order Now A lyric poem presents the deep feelings and emotions of the poet rather than telling a story or presenting a witty observation. This is also seen on the language of the poem as W. Wordsworth uses personifications when he starts by comparing himself to a lonely cloud. Another personification and metaphor is when W. W compares the daffodils to a crowd of people and further more dancing humans. He starts his poem with a simile Alliteration: lonely as a cloud (line 1). Simile: Comparison (using as) of the speaker’s solitariness to that of a cloud (line 1). Personification: Comparison of the cloud to a lonely human. line 1) Alliteration: high o’er vales and Hills (line 2). Alliteration: When all at once (line 3). (Note that the w and o have the same consonant sound. ) Personification/Metaphor: Comparison of daffodils to a crowd of people (lines 3-4). Alliteration: golden Daffodils (line 4). Alliteration: Beside the Lake, beneath the trees, Personification/Metaphor: Comparison of daffodils to dancing humans (lines 4, 6). The speaker humanizes the daffodils when he says they are engaging in a dance. How to cite William Wordsworth, Papers