Final answer:
Starbucks stakeholders may encounter challenges around specialization, sustainability, and consumer preferences for local retailers, which can affect employees, investors, suppliers, and strategies for innovation and customer engagement.
Step-by-step explanation:
Potential issues for Starbucks stakeholders in their functional areas can encompass a variety of challenges. For example, in their bid to maintain global dominance as a coffee retailer, they may face issues related to specialization, where efficiencies are gained by individuals or locations focusing on tasks that they perform most effectively, thereby lowering costs and potentially increasing profits. This could impact stakeholders such as employees who may need to adapt to specialized roles, investors concerned about the costs and returns on investment, and suppliers trying to meet the demand for specific, high-quality products. Additionally, stakeholder concerns may include a commitment to sustainable practices, considering the social and environmental impact of sourcing coffee and managing waste. Furthermore, the dynamic preferences of consumers towards local or smaller retailers could influence Starbucks' market share, as some customers base their decisions on factors such as the desire for unique, locally-sourced products, personal service, or support for local economies. This could lead stakeholders to contemplate strategies for innovation, community engagement, and customer loyalty programs.