Products with Chinese market characteristics, “GOOD GOOD” strategy, sustainable development
Abstract
This study analyzes Starbucks in the Chinese market and provides insights into the company’s strategy based on a questionnaire survey of consumer cognition. Starbucks has successfully localized its products by launching products with Chinese characteristics, such as the “Fuman Chestnut Macchiato” launched during the Spring Festival, which resonates with local cultural sentiments. The company has also strategically expanded its presence in lower-tier cities where competition is less fierce, allowing it to capture new markets. This strategy, high brand awareness, extensive distribution network and recognized product quality have consolidated its position in China. Secondly, this study also analyzes Starbucks’ social responsibility. Starbucks launched the “GOOD GOOD” initiative to encourage environmental protection through plant-based products and sustainable materials. This is in line with its global Sustainable development Goals. The study also conducted a questionnaire survey, according to which Starbucks’ environment, variety of beverages and personalized service are its most popular features in China. The company has high brand recognition and an extensive store network, though future efforts should focus on lowering prices and offering more products suited to Chinese tastes to further improve its market position.
