The Starbucks Business Model After 3 Turnaround Strategies

A Starbucks sign that represents Starbucks's business model

What’s the Starbucks business model? What business principles did Howard Schultz bring to Starbucks? As CEO, Schultz made a multitude of decisions that helped Starbucks survive the financial crisis. In total, he made three turnaround strategies: overhauling Starbucks’ management, improving its financial standing, and enhancing the coffeehouse experience. Let’s discuss these decisions and how they left Starbucks in good standing by the end of 2009.

How to Overcome Instant Gratification and Stop Procrastinating

A woman holding a present with a pile of papers behind her, failing to show how to overcome instant gratification

Why do future rewards feel less important than current ones? How does instant gratification cause procrastination? One of the reasons why we procrastinate is that we want to have experiences that our brains perceive as rewarding—experiences that feel good rather than bad. According to Timothy A. Pychyl, this tendency explains why we prefer being rewarded now, rather than later. Find out how to overcome instant gratification, which will then help solve procrastination.

Perception in Leadership: 2 Ways to Shape Your Thinking

A female business leader looking through a magnifying glass to embrace perception in leadership

Why is perception in leadership important? How can you look at the bigger picture in a corporation? Leading your perception means taking an active role in shaping how you think about things. This is an important axis of leadership because your perception of a situation influences how you react to it. Below, we’ll discuss the two main ways you can lead your perception: taking a big-picture view and practicing critical thinking.

Starbucks’s Management Strategy Under Howard Schultz

A Starbucks employee holding a coffee cup as part of the Starbucks management strategy

What was Starbucks’s management strategy after Howard Schultz’s return? Why did the company’s management need to be overhauled? After returning to Starbucks, one of Schultz’s initial turnaround strategies was to completely overhaul the company’s management. There were three major changes Schultz made to accomplish this strategy: hiring new executives, securing emotional buy-in from executives and managers, and reaffirming key values in Starbucks’ management strategy. Continue reading to delve into these three major changes.

Procrastination and Time Management: Why We Put Things Off

A man ignoring his chores with a clock behind him, representing the correlation between procrastination and time management

How are procrastination and time management related? Why do people underestimate how long it takes to complete a task? One reason why we procrastinate is that we have trouble with planning. Figuring out how to accomplish everything on your to-do list requires planning, but most of us aren’t very good at these kinds of plans. Learn how bad planning and poor time management puts you on a direct path to procrastination.

How to Practice Critical Thinking to Improve Leadership Skills

A woman who knows how to practice critically thinking, with a lightbulb and question marks around her head.

Do you know how to practice critical thinking? Why do leaders need to have critical thinking skills? Every leader needs critical thinking and problem-solving skills in their back pocket. Critical thinking helps you identify ways to improve the situations and organizations you’re involved in. Keep reading to learn how to practice critical thinking to become a leader among your peers.

Procrastination & Emotional Regulation: The Unexpected Link

A stressed person ignoring work and experiencing the connection between procrastination and emotional regulation.

How do your emotions cause you to procrastinate? What happens when you avoid negative emotions, rather than confront them? Timothy A. Pychyl says that procrastination results from a failure of the cognitive capacity psychologists call emotion regulation. This is the ability to manage your emotions, attention, and behavior so you can work toward your goals or act according to your values. Continue reading to learn why procrastination and emotional regulation are more commonly related than you might think.

How Howard Schultz’s Leadership Style Saved Starbucks

Former CEO of Starbucks Howard Schultz smiling

What is Howard Schultz like as a leader? How did Schultz help Starbucks out of a rut? In 2008, Howard Schultz made his official return to Starbucks. In his first few months as CEO, he used two strategies to project a reassuring image to both internal and external stakeholders: strong communication and timely action. Let’s look at these two elements of Howard Schultz’s leadership style.

Identity and Leadership: Discovering Your Core Beliefs at Work

A woman in business attire conflicted about identity and leadership, looking at a wall that reads "Who am I?"

Do people look up to you at work? What type of identity do you have as a leader? To be a role model to others, you need to have a firm grasp of what your own beliefs and values are. Clay Scroggins says that understanding this connection between identity and leadership can help you identify your strengths and weaknesses. Continue reading to discover what your leadership identity is.

Howard Schultz: Starbucks’s Savior During Financial Trouble

Howard Schultz, Starbucks's former CEO, smiling on stage

Why did Howard Schultz return to Starbucks in the mid-2000s? How did Schultz make a smooth transition back into the CEO role? During a grave position at Starbucks, Schultz stepped in as CEO for the second time in 2008 to steer the company in a better direction. In his book Onward, he discusses his motivation for reprising his role as CEO and the leadership strategies he used to restore stakeholders’ trust in Starbucks. Discover more about the process behind Schultz’s return to Starbucks.