tag:blogger.com,1999:blog-7169279.post5360372482086388262..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Starbucks is Shutting Down!Dr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-7169279.post-8654915790293767722008-05-05T11:40:00.000-06:002008-05-05T11:40:00.000-06:00Ummm ... yikes ... so "anonymous", are you going t...Ummm ... yikes ... so "anonymous", are you going to be so vocal when things don't pan out that way?Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-25291923037537972982008-04-16T09:02:00.000-06:002008-04-16T09:02:00.000-06:00Dr. TufteSpeechless huh, that really is a shocker!...Dr. Tufte<BR/>Speechless huh, that really is a shocker! Surprisingly, I do have something to say about the whole Starbucks thing. Were they trying to show consumers that they care about quality and customer service by shutting down their stores to have a training? It just doesn’t make sense to me. What message did that act really send? I mean come on, you are a business, if you really need TheFindlayhttps://www.blogger.com/profile/14684917982252116960noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-55308084450359276312008-04-10T16:19:00.000-06:002008-04-10T16:19:00.000-06:00Dr. Tufte-Extra CreditWhy in the world would the l...Dr. Tufte-Extra Credit<BR/><BR/>Why in the world would the largest coffee shop in the world shut down operations for three hours? I have the answer, stupidity! Never give your competitors an opportunity to steal your customers. I just watched Starbuck's most recent propaganda to rebuild their business on ABC's Nightline. Their CEO admits they have strayed from their original business that madeRyanhttps://www.blogger.com/profile/01338076792414399829noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-83747284135038535232008-03-06T15:43:00.000-07:002008-03-06T15:43:00.000-07:00Trinity. That really is a small minded under-thoug...Trinity. That really is a small minded under-thought short sighted statement. Especially after 27 years of Reaganomics to learn from. Jobs don't 'generate' wealth. They only circulate it. In other words, if I expand my business and hire 5 workers, their pay must be drawn indirectly from others. Who split their little share of the pie with me in return for a product or service. Unfortunately, the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7169279.post-53630667786160706442008-03-04T17:09:00.000-07:002008-03-04T17:09:00.000-07:00Extra Credit - Dr. TufteThis really appears to be ...Extra Credit - Dr. Tufte<BR/>This really appears to be a contradictory effort by Starbucks. This article reveals the difficulty companies face when they become the front-runner. This move does not seem to be a good way to re-invent their brand.Gavinhttps://www.blogger.com/profile/04581522223831636340noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-27534837204059902322008-03-04T15:17:00.000-07:002008-03-04T15:17:00.000-07:00Dr. Tufte said he has no idea what to make of this...Dr. Tufte said he has no idea what to make of this. I would agree. Why in the world wouldn't Starbucks just schedule the training in a way that would allow them to stay open. It is absurd to allow competitors an advantage like this. <BR/><BR/>Also, the anonymous post above mine is ridiculous. Don't bother reading it. I can refute his/her statement with 1 sentence- The wealthy create wealth CMChttps://www.blogger.com/profile/06230361937701865420noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-91386739598728135742008-02-29T12:04:00.000-07:002008-02-29T12:04:00.000-07:00Don’t believe one optimistic word from any public ...Don’t believe one optimistic word from any public figure about the economy or humanity in general. They are all part of the problem. Its like a game of Monopoly. In America, the richest 1% now hold 1/2 OF ALL UNITED STATES WEALTH. Unlike ‘lesser’ estimates, this includes all stocks, bonds, cash, and material assets held by America’s richest 1%. Even that filthy pig Oprah acknowledged that it was Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7169279.post-12274617163542618932008-02-28T23:13:00.000-07:002008-02-28T23:13:00.000-07:00I'm speechless about this whole thing - really jus...I'm speechless about this whole thing - really just no idea what to make of it.Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-89976447792556111332008-02-27T19:19:00.000-07:002008-02-27T19:19:00.000-07:00I also agree with Aidan. It's important to note h...I also agree with Aidan. It's important to note how big the coffee industry is today. So many customers drink coffee as a daily routine. When coffee drinkers decide to switch coffee brands, it is usually a life time change. The decision by Starbucks to close all American stores, even temporarily, was not a smart idea. I think the outcome hurt their image and will push coffee drinkers toward Tehani and Tommy Douglashttps://www.blogger.com/profile/16026947573454351356noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-80408044206959788102008-02-27T15:28:00.000-07:002008-02-27T15:28:00.000-07:00Aidan - I totally agree with you. Just one custom...Aidan - I totally agree with you. Just one customer can truly make a difference for an organization. It's a really great way to attract the competitor's customers. <BR/>Here are some interesting statistics: <BR/>80% of business's sales come from the top 20% of their customers/clients.<BR/>It costs 6x more to sell something to a prospect than selling it to an existing customer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7169279.post-47801964677854909182008-02-27T14:26:00.000-07:002008-02-27T14:26:00.000-07:00Instead of focusing on energizing their employees,...Instead of focusing on energizing their employees, maybe Starbucks should look into getting rid of their pre-ground, pre-packaged coffee. I can see why McDonald's and Dunkin' Donuts are gaining market share as Starbucks becomes more and more like them, but still charges high prices.Anonymousnoreply@blogger.com