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    The Starbucks business and general business environment.

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    This is an individual assignment 1200-1350 words This assignment is worth 30% of total marks – due date is Sunday 26th October at midnight Many factors have great influence on and determine the ways in which business operates within the ASEAN countries. This includes not only foreign owned, multinational or international firms, but also local businesses. Business is most impacted in the areas of: Management practices and styles Business ethics and practices Employment conditions Marketing and management strategies Business risk identification, evaluation and man...

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    Starbucks is primarily a premium coffee shop industry and gets categorized under Snacks & Food Restaurants Industry for its wide range of products. The industry faced a heavy slowdown in 2009 due to the worldwide economic slowdown when most consumers preferred to buy low cost products and skipped eating out in order to shrink their budgets within their available income. In this research study, we are aiming to study the business model that the company adopted to see how much of its success was due to the same. We also propose to study the failures and obstacles it has faced so far in its growth story. (GeeReddy, 2012)

                Any worldwide chain has its growth and decline story. But the Starbucks model offer wide scope for deep analysis right from its relatively short period since founding, its product range to see if it has any impact since they cater to the taste and preferences of its customers,  its innovative marketing strategies, its customer relationship model such internet forums and last but not the least its competitors. With a wide of reach of over 60 countries, every year adding a few more to its circle, Starbucks has of late, forayed into Internet marketing and sales too, which makes it a truly global leader in its category. (Hora, 2008)

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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