Basically the growth in advertising spend per sector looks like this
- Healthcare - 10%
- FCMG or Fast moving consumer goods - 6.7%
- Clothing and accessories - 5.5%
Misadventures in Marketing Management involving Budget management, Group facilitation and Strategic management
What went wrong at Starbucks? To invoke the venerable business cliche, they didn't stick to their knitting. Their core business was overcharging consumers for coffee, and a very lucrative business it was. Then they started selling dreamy CDs, and the company even helped produce a movie, "Akilah and the Bee," that bombed at the box office. Schultz bought a basketball team and started hanging out with Mick Jagger and Paul McCartney, the usual recipe for business disaster.