Home Business Brand Marketing Innovation Design  
SEP 16

How Starbucks lost its 'fidelity'

Exclusive book excerpt: In the trade-off between quality and convenience, the coffee juggernaut fell into the trap of becoming too familiar.

FORTUNE, September 16, 2009 — In this adaptation from his new book, Trade-Off: Why Some Things Catch On, and Others Don't (Broadway Books), author Kevin Maney explains the tension between two key qualities and how a great brand got caught in a no-man's-land between them.

We constantly, in our everyday lives, make trade-offs between fidelity and convenience.

Those trade-offs, and how they affect business, help explain why Starbucks (SBUX, Fortune 500) hit a wall in 2007 — and why CEO Howard Schultz is still struggling to get his company's mojo back.

Categories: Brand, Innovation, Design

Add Your Comment

(required)
(required)



(to prevent comment spam)
 


Any HTML in your comment will be removed upon submission. All comments are moderated, and it may take up to 24 hours for your submission to be approved and published. The BackPocket editors reserve the right to edit or remove comments at any time and for any reason.