FINANCIAL VALUATION OF STARBUCKS LTD.

ABSTRACT

MACAU'S RETAIL INDUSTRY WAS FAMILIAR TO ALL SECTORS. RETAILERS TAKE UP MASSIVE RESPONSIBILITY FOR THE MACAU ECONOMY. THERE ARE FEW MANUFACTURERS IN MACAU, SO PRODUCTS AND GOODS ARE IMPORTED. AS THE FRONT-LINE STAFF OF A RETAIL STORE, EMPLOYEES WOULD NEED TO FACE MANY PEOPLE DAILY; IT CAN BE TIRING AND STRESSFUL FOR THEM. THEREFORE, THIS STUDY EXAMINED THE MOTIVATIONAL FACTORS OF FRONT-LINE STAFF IN THE RETAIL INDUSTRY. IT IS CRUCIAL TO UNDERSTAND VARIOUS MOTIVATIONAL FACTORS, AS ONE OF THE CHALLENGES THAT RETAIL ENTREPRENEURS FACE IS EMPLOYEE RETENTION. THIS STUDY EVALUATED THE CHARACTERISTICS OF MOTIVATION SO THAT MANAGERS CAN DEVELOP SOME STRATEGIES FOR THEIR EMPLOYEES. THE QUALITATIVE RESEARCH METHOD WAS ADOPTED IN THIS STUDY. IN-DEPTH INTERVIEWS WERE CONDUCTED TO DETERMINE VARIOUS MOTIVATORS AND THE REASONS BEHIND THEIR MOTIVATION. THIS STUDY USED PURPOSIVE SAMPLING, AND EIGHT CANDIDATES WERE SELECTED TO CONDUCT THE INTERVIEW. THE RESULTS OF THE INTERVIEWS CONCLUDED THAT MONETARY REWARDS LIKE SALARY AND SALES INCENTIVES HAVE THE MOST SIGNIFICANT EFFECT ON MOTIVATION. RELATIONSHIPS WITH COLLEAGUES AND SUPERIORS ALSO AFFECT THEIR MOTIVATION IN THE WORKING ENVIRONMENT. MOREOVER, EMPLOYEE BENEFITS LIKE PUBLIC HOLIDAYS, MATERNITY LEAVE, ETC, ARE ALSO ONE OF THE MOTIVATORS. DIFFERENT PARTICIPANTS MENTIONED OTHER MOTIVATORS, SUCH AS RECOGNITION, TEAMWORK, LEARNING AND GROWTH OPPORTUNITIES, TEAMWORK, AND FIT OF INTEREST. BASED ON THE RESEARCH QUESTION, THIS STUDY CONCLUDED THAT MONETARY REWARDS HAVE A LARGER EFFECT ON EMPLOYEES' MOTIVATION THAN JOB BENEFITS. MANAGERS AND LEADERS CAN DEVELOP STRATEGIES BASED ON THIS RESEARCH, AND FUTURE RESEARCH CAN ALSO EXAMINE SOME OTHER MOTIVATIONAL FACTORS WITH A LARGER SAMPLE