Question: Construct an IFE (Internal Factor Evaluation) Matrix for Starbucks. In 250-300 words, write a brief explanation of the findings and implications of the data identified

Construct an IFE (Internal Factor Evaluation) Matrix for Starbucks. In 250-300 words, write a brief explanation of the findings and implications of the data identified in the IFE

Strengths
1 Brand Awareness
2 Employer of choice, investing in workers to provide a better customer experience
3 Mobile, loyalty, and digital capabilities are driving convenience and brand engagement.
4 Providing consistent growth in the tea industry
5 Changes in household composition encourage the constant increase in out-of-home coffee purchases
6 Constant expansion
7 Employees feel well respected
8 Number one coffee brand of the world
9 Socially and envirnomentally responsible
10 Largest caffeehouse chain in the world
Weaknesses
1 Price points that are high
2 Competitors that compete on low pricing can erode the company's market share
3 Product imitability
4 Increasing prices of coffee beans
5 No unique products
6 Dependent of the US operations
7 Every store is the same - does not adapt to the local culture
8 High rental or leasing costs for store locations
9 Long wait times
10 Limited options and availability of products

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