Demonstrate your understanding of the notion of perceptual mapping by “drawing” a perceptual map for Starbucks.

What consumer segment does your selected company serve in, and why are you pursuing it?
July 6, 2019
What are the different kinds or types of financing that this company has used to raise funds? Where do they fall in the continuum between debt and equity?
July 6, 2019

Demonstrate your understanding of the notion of perceptual mapping by “drawing” a perceptual map for Starbucks.

Question Description

After reading the Starbucks Case in your text, address the following:

The case demonstrates how Starbucks created more clarity for its brand to coincide with the company’s 40th anniversary. Search the term “perceptual mapping” online. Note that a perceptual map is typically created based on two attributes. For example, a hotel might pick cost and service as the two attributes for a given map, but the hotel might do several different maps, with several different attributes, when analyzing how consumers feel about its brand vs. competitive brands. Demonstrate your understanding of the notion of perceptual mapping by “drawing” a perceptual map for Starbucks. You determine the attributes and the competitive brands that will be included on your map. Draw the map. Then take a picture of it with your phone and attach the image to your journal submission. Write about your thinking in creating the perceptual map, and give your impressions as to how it would be of value to Starbucks..

Keeping a “level playing field” for all, your journal entry must be between 300 and 400 words in length. Please plan your response before writing your submission.