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Starbucks and Types of Ownerships EssayMost companies have different showcases of ownerships from being a sole possessor to having a partnership. Starbucks has a legal entity, distinct from any individual persons, with the power to own property and conduct business, as well known as a Corporation. From comme il faut a Corporation, Starbucks has setbacks, provided they also have benefits. Starbucks plays a big role in the growth of the United States and many other countries. The transportation options were made thinkable by rail dashs, commercial airplanes, and mass-produced cars and trucks. They had the ability to pull money by selling shares of stock to outside investors for example, when they licensed themselves out to Target or Barns and Noble. However, investors poop easily and quickly convert their stock into cash by selling it on the open market. Having an ownership like a Corporation piece of tail also make your corporate stocks look like an attractive investment, w hich butt increase the number of people and institutions willing to buy or invest their time? Corporations can use shares of their own stock to acquire other companies or find willing buyers for a corporate stock.Starbucks being a corporation has unlimited liability, but the various shareholders who own the corporation face limited liabilities? For example, as such(prenominal) as they put in or invest into that specific company, is as much as they potenti exclusivelyy have of losing. Alex Whitt, an Assistant Manager at a Starbucks located in Manteca said, I enjoy the fact that the company I move around for is a Corporation because no matter what store I choose to work at or get transferred to, wont have a transition Id really need to get used to. Meaning, because Starbucks is a Corporation, each individual store is ran the same in some way shape or form from creating the same find for each customer to knowing how to make each drink the same because each Starbucks carries the sam e type of products to produce the same taste in ever cup. Its always a question that comes up.What was the company like when it frontmost started? Well, a lot can be learned about finding out the history of your favorite store. For Starbucks, 3 men got together for the love of coffee and opened up the first Starbucks store in 1971. English teacher Jerry Baldwin, history teacher Zev Siegel, and writer Gordon Bowker opened the store (The McGraw-Hill Companies) in the touristy Pikes Place Market in Seattle (The McGraw-Hill Companies). They all were interested in fine coffee and exotic tea, which was what Starbucks established for. They came up with the Starbucks name in honor of Starbuck, the coffee-loving first mate in Herman Melvilles Moby diaphysis (The McGraw-Hill Companies). Including that it gave off a romantic feel of the stores name as well.The logo, which is a two-tailed mermaid with the stores name circling it, was designed by an workman friend. Starbucks was inspired by A lfred Peet who opened a small store known as Peets Coffee and Tea. In the 1980s, Siegel got burnout and eventually left the company to lease other interests. Baldwin took over day-by-day management for the company and was acting chief executive officer. And Bowker stayed involved with the company but was more involved with his advertising and design firm.In 1982, Howard Schultz took on his new responsibilities at Starbucks (The McGraw-Hill Companies). Prior to this, there were many meetings and interviews within a year with Baldwin and Bowker before they finally made a decision. The stone keep to grow and got ideas from pretty much anywhere which has led up to the Starbucks that we know today. Entrepreneurship the spirit of innovation, the initiative, and the willingness to take the risk involved in creating and operating a business. Courtland L. Bovee, 2011)This is hardly what Howard Schultz had in mind he once said I believe life is a series of near misses. A lot of what we as cribe to luck is not luck at all. Its seizing the day and accepting responsibility for your future. Its seeing what other people dont and engage that vision. (Ogden)His vision of creating a coffee house where people not only have a cup of coffee, a place where people interact a third home away from home as the own Schultz puts it.Imagination, passion, a clear vision are some of Schultz ingredients for success. From a poor boy life history on the poorest neighborhoods in New York to the owner of a multibillion company Schultz trained for success. (Ogden)He used the same principles as to when he was an athlete he never gave up rather he tackled the situation with an attitude of endurance and stayed focused to overcome any situation. Schultz had a vision of creating an Italian Cafe experience here in the United States. His vision led him to launch his own Italian cafe.This was the beginning of something big. He built a brand, by focusing on the total experience of the Starbucks cu stomer. Schultz has made people his priority by meeting employees expectations in return he has built a loyal more dedicated workforce, resulting in higher levels of customer service. Our mission statement about treating people with respect and dignity is not just words but a creed we bang by every day, says Schultz (Ogden) Another key element to his success was his ability of recognizing his strengths and weaknesses.He knew he wasnt going to do it all by himself instead he recruit others that share the same vision and values and that brought different strengths to the mix. Till this day is something he fosters and attributes to his success. Without these key elements Starbucks would not be the company that it is now. His entrepreneurial vision and innovative thinking has placed him among the top business entrepreneurs. ?