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The Cutbacks website states hat, “Our mission: to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time”. Cutbacks even has a separate mission statement dedicated to the environment, which states, “Cutbacks is committed to a role of environmental leadership in all facets of our business. ” Cutbacks makes conscious efforts to fulfill its company’s missions. The Cutbacks website lists the following as ways it is fulfilling its social responsibility. Coffee- ” It has always been, and will always be, about quality.
We’re passionate about ethically sourcing the finest coffee beans, roasting hem with great care and improving the lives of people who grow them. We care deeply about all of this; our work is never done. ” Partners- “We’re called partners, because it’s not just a job, our passion. Together, we embrace diversity to create a place where each of us can be ourselves. We always treat each other with respect and dignity. And we hold each other to that standard. ” Customers- “When we are fully engaged, we connect with, laugh with and uplift the lives Of our customers – even if just for a few moments.
Sure, it Starts with the promise of a perfectly made beverage, but our work goes far beyond that. It’s really about human connection. ” Stores- When our customers feel this sense of belonging, our stores become a haven, a break from the worries outside, a place where you can meet with friends. It’s about enjoyment at the speed of life – sometimes slow and savored, sometimes faster. Always full of humanity. ” Neighborhood- “Every store is part of a community, and we take our responsibility to be good neighbors seriously. We want to be invited in wherever we do business.
We can be a force for positive action – bringing together our partners, customers and the community to contribute every day. Now we see that our accessibility – and our potential for good – is even larger. The world is looking to Cutbacks to set the new standard, yet again. We will lead. ” Shareholders- “We know that as we deliver in each of these areas, we enjoy the kind of success that rewards our shareholders. We are fully accountable to get each of these elements right so that Cutbacks – and everyone it touches – can endure and thrive. On its website, Cutbacks professes to fulfill its environmental mission statement as well by understanding environmental issues and sharing information with its partners; developing innovative and legible solutions to bring about change; striving to buy, sell and use environmentally friendly products; recognizing that financial responsibility is essential to the environmental future; instilling environmental responsibility as a corporate value; measuring and monitoring progress for each project; and encouraging all partners to share in the mission. Coffee- It has always been, and will always be, about quality.
We’re passionate about ethically sourcing the finest coffee beans, roasting them with great care and improving the lives of people who grow them. We care deeply about all of this; our work s never done. ” Partners- ‘We’re called partners, because it’s not just a job, ifs our passion. Together, of our customers – even if just for a few moments. Sure, it starts with the sometimes faster. Always full Of humanity. ” Neighborhood- “Every store is part Of a community, and we take our responsibility to be good responsibility ?? and our potential for good – is even larger.
The world is ‘We know that as we deliver in each of these areas, we enjoy the kind of Of these elements right so that Cutbacks ?? and everyone it touches ?? can and encouraging all partners to share in the mission. The three components of sustainability Environmental perspective Our comprehensive approach to reducing our environmental impact means looking at all aspects of our business, how they intersect and how we can integrate new solutions to create meaningful and sustained change.
By building more energy-efficient stores and facilities, conserving the energy and water we use, and scaling front-of-store recycling for customers, we are pushing ourselves to reduce the environmental footprint of our business operations. Since 2004, we’ve been aggressively pursuing strategies to dress this problem and help farmers mitigate the impact of climate change on their farms. We’re constantly looking to innovate and collaborate with like- minded organizations to reduce our cup and packaging waste.
Economic perspective Three years ago Cutbacks stock was trading at under $10 per share and today it closed at $60. 63 per share, an all-time high. Cutbacks has undergone quite a few changes over the past several years, including the return of Howard Schultz as CEO of the company. Schultz slowed domestic expansion and pushed forward with aggressive growth plans in China. According to a Commonly. Com article, “China will be its second largest market by 2014 and that it plans to have more than 1 ,500 stores up in running in China by 2015. Ted States-based Cutbacks have undergone several changes over the past few years. The company changed its menu and now offers healthier food and drink items, the Cutbacks logo was redesigned as part of the company’s 40th birthday celebration and the company recently expanded beyond coffee by opening its first Evolution Fresh store Social perspective Aside from extraordinary coffee, Cutbacks has made a business out of unman connections, community involvement and the celebration of cultures.