Trader Joe
Trader Joe's Trader Joes' demonstrates the importance of organizing by limiting stocks and selling quality products at low prices, because of this they sell twice as much per square feet compared to other super markets. Trader Joe's only carries 4,000 products compared to other super markets who carry anywhere between 25,000 - 45,000 products. Studies show the more options a customer has to decide on they are less likely to choose any of the offers. It all comes back to the basics which is simplicity is key. And Trader Joe's offers that to their customers by only stocking the best products with limited options. Trader Joe's demonstrates the importance of leading by presenting a unique way of doing business compared to their competitors. They do not carry many products compared to other super markets which carry 6 times if not more products compared to them but in the end they still managed to generate more revenue. Because of this other companies are projected to follow in Trader Joe's footsteps by limiting the number of products their store carries. Because they clearly show their way of doing business works. Trader Joe's demonstrates the importance of control by keeping stores comparatively small and avoiding prime location by doing this they avoid high real estate cost. They also show that control does not apply within the company itself they do this by allowing customers feedbacks to be taken seriously which gives customers a sense of control which is very important. They also control their employees performance by giving them great benefits.
Because in the end the customers will interact with their employees who represent the company and it environment. Trader Joe's demonstrates the importance of planning by deciding on where they will acquire their supplies to keep costs low. They search for good, tasty food all around the world and contract directly with manufacturers to keep costs low. They maintain a small stock making each product fight for its
Because in the end the customers will interact with their employees who represent the company and it environment. Trader Joe's demonstrates the importance of planning by deciding on where they will acquire their supplies to keep costs low. They search for good, tasty food all around the world and contract directly with manufacturers to keep costs low. They maintain a small stock making each product fight for its