Starbucks and Team-Building
One company which builds the inherent value of team-building right into their reputation is Starbucks. Starbucks is known for valuing not only their employees but the manner in which their employees work together; this is an aspect of the company which has long been built into the company image.
The First Step of Team-Building: Valuing Employees
One of the ways that employees are rewarded for their teamwork starts with the way in which the employees are valued, regarded and treated. "Howard Schultz of Starbucks believes that teamwork is so critical to the company's success that employees (called, not coincidentally, 'partners' in Starbucks-speak) spend several days after getting hired learning how to be part of the Starbucks team. And Schultz tells all new employees (about 500 a month), via video, how happy he is to have them on board. Even part-time workers repeatedly hear how much they are valued during the 24 hours of training they get in their first 80 hours of employment" (Strauss, 2002). This is the absolute foundational element of team-building. Before any sort of team-building can begin, each member of the eventual team needs to understand that they are a foundational aspect of the entire company and completely valued beyond a shadow of a doubt. This valuation of individual team members needs to occur before employees are even rewarded through compensation, the sharing of profits or other benefits. Forbes consistently singles out Starbucks each year in its well-known list of the "100 Best Companies to Work For" and so much of it has to do with this strong valuation of individual employees. It starts as many have noted via the fact that the company refers to its employees as partners, even though none of the employees actually embody the traditional sense of that word in any real manner; however, the reality is that such a word is loaded and can contribute whole-heartedly to company loyalty.
More importantly, at Starbucks, "…they offer an enviable benefits package, one inspired by the childhood of Chairman Howard Schultz. As a boy, he watched his father work low-paying jobs and retire with little to show for his life, and Schultz wanted something different for employees of his company. The result is a benefits package given to employees who work a minimum of 20 hours per week that includes health, medical, dental and vision plans, a 401k, and access into Bean Stalk, the company's employee stock option plan. If that weren't already enough, those benefits extend to the opposite and same-sex spouses of these employees" (Bonander, 2012). It's no surprise that the company is able to inspire such loyalty and able to engage in such successful team-building. The compensation programs are in place to reward partners not just for working 20 hours per week, but in working 20 hours per week in a manner which inspires -- in a manner which embodies the teamwork and cohesion which is so important for each employee to engage in.
These types of compensation are in place to ensure that employees understand that they are all part of the same team, they are all valuable and that they understand that their good welfare is desired and ensured. In this same respect, Starbucks allocates stock dividends to all employees, so that the members of the Starbucks team is able to receive benefits from the dividends: this makes employees more receptive and motivated to earning more profits (Caseson, 2011). This means that employees feel valued and that Starbucks are the most important asset of all (Caseson, 2011).
Team Performance Criteria
One manner in which teamwork is able to thrive at Starbucks is as a result of the fact that the channels for communication are wide open and well-used. The structure for beneficial communication is already in place: all employees have to do is just take advantage of it as it's already there....
Managing All Stakeholders in the Context of a Merger Process Review of the Relevant Literature Types of Mergers Identifying All Stakeholders in a Given Business Strategic Market Factors Driving Merger Activity Selection Process for Merger Candidates Summary, Conclusion, and Recommendations The Challenge of Managing All Stakeholders in the Context of a Merger Process Mergers and acquisitions became central features of organizational life in the last part of the 20th century, particularly as organizations seek to establish and
SWOT Analysis: Oakland Athletics The story of Oakland Athletics starts in 1901 as Philadelphia Athletics and the stadium then had a capacity of only 9,500 seats. The capacity increased to 13,600 seats by 1905. This led to the opening of the Shibe Park or Connie Mack Stadium in the same city in 1909. The stadium was further developed to start night games in 1939 and capacity increased from 20,000 to 33,000
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now