Trader Joes Study Case
Trader Joe’s 1) In what ways does Trader Joe’s demonstrate the importance of each responsibility in the management process – planning, organizing, leading, and controlling?
At the stage of planning, Trader Joe’s demonstrate importance by intending to carry unique products at a low cost. About organizing, apparently is demonstrate finding unusual foods from around the world, contracted directly with manufacturers, maintaining a small stock of each product. Their leadership was exemplified by hiring employees with job skills such as being “ambitious and adventurous” and providing a laid-back atmosphere both for their workers and customers. Also, paying higher rates and great benefits to their employees demonstrate a good leadership. Because managers were hired from within, they had an ultimate knowledge-base of how the system works. Also, the employees were encouraged to taste and learn about the products to be able to share with their customers, creating a more involved employee to customer relationship. Regarding Trader Joe’s control, they were able to control real estate costs by buying smaller stores and staying away from “prime” locations. Their “one in, one out” policy to get rid of poorly selling products or have rising costs replaced by new products helped to control costs and also listened to their customers when a product is not appreciated.
2) Trader Joe’s is owned by a German company operating in America. What are the biggest risks that international ownership and global events pose for Trader’ Joe’s performance effectiveness and performance efficiency?
Being a German company, I’d say that the big risk could be communication. However, if the culture or language were a problem, Trader Joe’s wont never had reached such a success with their 365 across the United States along this years. Therefore, I cannot see or mention any risk for Trader Joe’s effectiveness and efficiency performances. So that Trader Joe's will open its first Alabama store in
At the stage of planning, Trader Joe’s demonstrate importance by intending to carry unique products at a low cost. About organizing, apparently is demonstrate finding unusual foods from around the world, contracted directly with manufacturers, maintaining a small stock of each product. Their leadership was exemplified by hiring employees with job skills such as being “ambitious and adventurous” and providing a laid-back atmosphere both for their workers and customers. Also, paying higher rates and great benefits to their employees demonstrate a good leadership. Because managers were hired from within, they had an ultimate knowledge-base of how the system works. Also, the employees were encouraged to taste and learn about the products to be able to share with their customers, creating a more involved employee to customer relationship. Regarding Trader Joe’s control, they were able to control real estate costs by buying smaller stores and staying away from “prime” locations. Their “one in, one out” policy to get rid of poorly selling products or have rising costs replaced by new products helped to control costs and also listened to their customers when a product is not appreciated.
2) Trader Joe’s is owned by a German company operating in America. What are the biggest risks that international ownership and global events pose for Trader’ Joe’s performance effectiveness and performance efficiency?
Being a German company, I’d say that the big risk could be communication. However, if the culture or language were a problem, Trader Joe’s wont never had reached such a success with their 365 across the United States along this years. Therefore, I cannot see or mention any risk for Trader Joe’s effectiveness and efficiency performances. So that Trader Joe's will open its first Alabama store in