Starbucks’ New Plan

Posted by vlad on March 20, 2008

Brand autopsy covers the Starbucks’ new plan, as disclosed at their 2008 shareholder meeting. Apart from trying to compete with McDonald’s, the company launched a platform that solicits ideas from customers. Yes, even you can go to MyStarbucksIdeas.com and submit your great idea.

Here is the problem though: a premium brand that asks for ideas inevitably almost exclusively gets the ideas of giving out  stuff for free. Free wifi, a punch-out coffee card to get a free coffee every 10 purchases, free cup of coffee when you buy a coffee beans, free drink on your birthday, and so on.

Acting out on these ideas is simple brand suicide. Just focus on quality and on ways to showcase quality.

Trackbacks

Use this link to trackback from your own site.

Comments

Leave a response

Comments