This interview focuses on interviewing the financial manager of Starbucks Corporation which focuses on the purchase and roast high quality coffee to make various products. The interview will cover areas on the company, internship and financial problems facing the company.
I: A part from reinvesting into your business what other avenues does your company support financially.
Finance Manager: Our Company also uses its funds to support community-based activity with the aim of enhancing community responsibility. For instance, the company issued $15.6 million for community development. Starbuck Foundation got $11.8 which it used $3.7million to fund Youth Leadership Grants and $347,000 for social development grants. On the other hand, the remaining funds issued by the corporation went to other community building programs. Furthermore, it also uses its funds to enhance clean water asses to the community by funding Etho Water Fund.
I: That is very good for the company growth and development. Okay, tell me about your relationship with other management staff in other positions despite the financial problems surrounding the company.
Finance Manager: Actually, this is a very good question. Well, I cooperate well with the other management staff of the company. We share a lot among different personalities in the management staff with the aim of coming up with better financial decisions for the company. I guide and advice the other management staff on issues to deal with financial management of each department. In addition, I communicate to the senior management the key accounting issues and all the financial changes within the company. Finally, I advise the senior management of the capital budgeting decisions on whether to invest in a given capital project or not depending on the rate of return (Brigham 122).
I: Thank you for your good response. Let me ask another question about your docket. What are some of financial problems facing your company?
Finance Manager: The financial problems facing our company began during the economic crisis of 2008. The first financial problem facing the company is coping with the current financial problems facing America. However, this is a problem facing many companies in America. Nevertheless, another problem facing has leading to financial issue in the company is the challenge of dealing with competitors.
I: wonderful, that is a good move as a finance manager. The conversation is becoming more interesting as am gaining some managerial tips. Despite the challenging economic environment, your company remains profitable. What are some of the strategies you have played to enhance profitability in Starbucks as the manager?
Finance Manager: we have ensure profitability in our company despite harsh economic conditions by aligning the company’s cost structure, focused on meeting customer satisfaction through enhancing value and quality of our products and services. In addition, we have also invested much in the tools and training of all the entire managers of the company. Finally, we have also improved our focus on technological investments and enhancement of operational efficiencies.
I: Finally, what are the qualifications of applying for an internship in your company and more particular to your department?
Finance Manager: In order to be considered for an internship in the finance department you should be pursuing a degree in Finance or any other related course. If one meets these qualifications, he or she needs to apply for the vacancy to the human resource department for consideration.
Brigham, Eugene F., and Joel F. Houston.Fundamentals of Financial Management. 10th ed. Mason, Ohio: Thomson/South-Western, 2004. Print.