The returning CEO is set to focus on employee wellbeing amid staffing setbacks.
👉 Background: Howard Schultz was the CEO of Starbucks from 1986 - 2000. He made Starbucks… Starbucks…with all its random size of coffees.. Ya ventis, grandes etc.
👉 What happened: And yes, before we go any further, there are still 61 Starbucks cafes in Australia. In the past year, Starbucks has been performing very well globally - record sales last year in fact.
👉 What else: But despite its increasing revenue, it has faced staff revolts and unionisation as well as the inevitable inflation. So now, please welcome back Howard Schultz for his third stint as CEO.
💡 Businesses generally have 3 main stakeholders that they need to keep happy.
💡Performing well across all three key stakeholder groups is a balancing act, which some companies struggle to balance well.
💡 Although Starbucks may have been performing well from a business perspective - they were seriously lagging with their staff.
Sign up for Flux and join 100,000 members of the Flux family
