Tuesday, November 11, 2008
Bailout for Starbucks
Starbucks announces its profits dropped 97%. This is clearly a world crisis! How will people get their caffeine?!? Starbucks is too big to fail! Bail them out! Quick! Before all coffee vanishes from the world with the terrible condition Starbucks is in! Someone call President Bush! Better, call Barack Obama! Only a great and powerful and all-wise and all-knowing world leader like the President of the United States can save us now!
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3 comments:
Mr. Schultz' "back to basics" program for Starbucks is a disaster. Acting like a Jim Collins "hedgehog" is burrowing into the dirt - and letting competitors run right over Starbucks. This is bad news for investors, and the innovative employees that historically helped move Starbucks into new growth businesses. Read more at http://www.ThePhoenixPrinciple.com
Let's hope they get it together--I don't want to spend Friday afternoons reading at Target.
Actually, it might make for a great business opportunity. Nothing like having a niche open up to make big bucks.
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