...[pic] TRADER JOE’S Description: Trader Joe’s has become a multi-billion dollar national chain partly through its ability to find cheap real estate, skip name brands and smartly manage its supply chain. It’s also due to its workforce management practices. Below, excerpts from a book Trader Joe’s Adventure, review the company’s management compensation, encouragement of multitasking, screening and wages, careful use of money, fun culture, sense that its people are its brand, and communication style. Learning Objective: Our focus with this case is on immersing students in the fundamentals of organizational culture. Organizational culture is defined as a complex set of shared beliefs, guiding values, behavioral norms, and basic assumptions acquired over time that shape our thinking and behavior; they are part of the social fabric of the organization—its genetic code. As such, culture drives the organization and guides the behavior of everyone in that organization—how they think, feel, and act. In other words, the culture forms a behavior template. Davis and Landa succinctly captured the essence of culture when they say, The factors which define culture are in part internal, deriving from the unique character of the organization and, in part external, determined by the background and experiences managers and employees bring to the enterprise. Culture is a major determinant of productivity; it shapes organizational responses to external pressures; and suppresses or enhances...
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...HILLSONG - "BORN IS THE KING (IT'S CHRISTMAS)" Born unto us this day a Saviour Gifted from heaven to a manger The hope of the world A light for all mankind All of the earth rejoice It's Christmas time So lift up your voice and sing out His praise It's Christmas Born is the King, rejoice in the day It's Christmas Make a joyful sound It's Christmas Let His praise resound It's Christmas Goodwill to all the earth And peace divine All of the earth rejoice It's Christmas time It's Christmas time So lift up your voice and sing out His praise It's Christmas Born is the King, rejoice in the day It's Christmas Make a joyful sound It's Christmas Let His praise resound It's Christmas So lift up your voice and sing out His praise It's Christmas Born is the King, rejoice in the day It's Christmas Make a joyful sound It's Christmas Let His praise resound It's Christmas So lift up your voice and sing out His praise It's Christmas Born is the King, rejoice in the day It's Christmas Make a joyful sound It's Christmas Let His praise resound It's Christmas 1 DON'T KNOW WHAT TO DO, DON'T KNOW WHAT TO SAY I have loved you only in my mind But I know that there will come a time You'll feel this feeling I have inside You're a 'hopeless romantic' is what they say Falling in and out of love just like a play Memorizing each line I still don't know what to say What to say... Refrain: Don't know what to do whenever you are near ...
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...Assessment ONE. Individual Case Study Report (40%) MKT 3130 Coursework Aldi and Lidl: International Expansion of Two German Grocery Discounters Source: Ghauri, P. & Cateora, P. 2010, page 566-571 With a worldwide annual sales volume of €3.7 trillion in 2007 and an average annual sales growth of 2.7 percent during the past ten years, the grocery retailing industry can be considered as one of the world’s key economic sectors. Over the past decades, grocery discounters such as Aldi and Lidl have strengthened their position in the grocery retailing industry – especially in Germany and Europe. With their no-frills approach, they have led to significant changes in the industry and have challenged many companies which operate other store formats,’ such as supermarkets or hypermarkets. In this context, a Financial Times report on international retailing noted in 1995: ‘The spread of the discount format has been particularly disruptive to Europe’s grocery retail industry and has driven retailers to examine cross-border markets’. The Grocery Discount Format The key terms describing a grocery discounter are ‘minimalism’ and ‘efficiency’, which are integrated into all business areas. In fact, grocery discounters’ ambitions are to sell quality products at the lowest price possible. To realise profits in spite of the low prices, grocery discounters reduce their costs to a minimum and attempt to generate high volumes of sales through a limited product range of fastmoving items...
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...History and Background Started in 1967 by Joe Coulombe, Trader Joe’s began as a convenience store but quickly migrated to a more novel design for adventurous food and beverage shoppers. Initially, Trader Joe’s was comprised of 17 stores in the southern California area. By the early 1980s additional food products were introduced as the number of stores grew to 26. In 1988 they expanded to northern California. The combination of innovative products along with a service-oriented culture has created a loyal customer base that continues to grow nationally. Today, TJ has over 270 stores in 22 states with revenues exceeding $5 billion. Coulombe sold the business in 1978 to the Albrecht family, owners of a multi-billion dollar retail chain in the EU. However, the company remains private. The Albrechts are passive investors—operating control was left in Joe’s hands who continued as CEO until he retired in 1988. John Shields, whose background includes retail and merchandising, and who provided the operational know-how to expand the business, became CEO, a position he held until 2001. Dan Bane is the current CEO. Trader Joe’s offers an array of products that are distinct from those sold in traditional supermarkets. They do not carry national brands, but rather a host of food and beverage products along with a number of healthcare selections. Products include cheese, wine, ready-to-prepare foods, frozen items, produce, and ethnic choices, of which 75 percent carry the Trader Joe’s label...
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...Theo Paphitis I have chosen Theo Paphitis as my effective business man because he is a very successful businessman. He is famous for making deals with businesses offering them money and support for a portion of their companies, this is shown by the TV program dragons den. Before he had even left school he was already in the world of business as he ran his school tuckshop aged 15 with great success. Now after hard work and determination he has a net worth of around £255million. After the sale of his business La Senza for a reported £100 million he continued to earn with another company called Ryman the stationer where he is now the chairman. The reason that I chose Theo Paphitis is because he is an amazing business man and is able to go from company to company earning money and add to his vast empire of businesses. Theo also is a man who I believe has the drive and determination needed to be in the world of business. With his umbrella of businesses he is able to maintain his high net value. In his book enter the dragon Theo shows off some of his master class of business techniques and gives a life story on how he came to have his fortune. I was also impressed by the way he has used the TV show dragons den to increase his reach on the world of business. During the show he is offered a proportion of many businesses for a price, this means that he only needs to invest in what he thinks would be successful. By doing this he gains parts of successful businesses and they get a master...
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...Trader Joe’s is a growing chain of grocery stores with a difference. Whilst not a monstrous chain store, Trader Joe’s emphasises small stores which sell a selection of goods hard to find elsewhere at lower prices. The fact that quality goods come at such low prices is just one reason why the Trader Joe’s company has become so successful. From humble beginnings, the company has now grown into a multi-billion dollar giant. This may seem strange when the small and far less numerous stores of Trader Joe’s are compared to the number and size of stores associated with other grocery store giants. Even so, Trader Joe’s can now boast of two hundred and forty branches across nineteen states. Not bad for a company which started out as a number of convenience stores in Los Angeles in 1958. When competition from 7-Eleven stores threatened, the owner of the stores, which were then called Pronto Markets, decided to expand his business by starting to sell gourmet food at reduced prices. As such, the idea of high quality goods at low prices was started along with the new name, Trader Joe’s, in 1967, named after the owner, Joe Coulombe. A big part of the stores’ success immediately came from the fact that the majority of the produce sold is sold under the company’s private label. As such, Mr Coulombe immediately created a trusted product, which, as it was also cheap, drew in the customers, creating a loyal clientele. As the number of items on sale is accordingly low compared to huge...
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...Case Study: Trader Joe’s In 1958, Trader Joe’s first began as a small convenience store named Pronto Markets. Trader Joe’s didn’t receive their Trader Joe’s name until 1967 when they opened up a store in Pasadena. Mr. Coulombe had transferred his stores into an oasis of value and started putting innovative, hard-to-find foods in the Trader Joe’s name. By doing this Trader Joe’s was able to cut costs and save you money. In 1979, Mr. Coulombe sold the Trader Joe’s chain to the Albrecht’s, own about 9,000 Aldi markets in the United States, Europe, and Australia. “Value” is a concept that both Mr. Coulombe and the Albrecht’s take very seriously. Value not only means providing great prices on great products—no sales, no gimmicks, no special shopping clubs to join, no reward cards required for sales, but also by buying directly from suppliers whenever they can by rotating the “not-so-popular” products from the shelves to make room for something different. At Trader Joe’s their philosophy is great food plus great prices equals’ value. To help contribute to that philosophy, Trader Joe’s believes in promoting from with-in. Trader Joe’s believes that it nurtures its employees with a promote-from-within philosophy, and its employees earn more than their counterparts at other chain grocers. Outlet managers are highly compensated, partly because they know the Trader Joe’s system inside and out because managers are hired only from within the company. Future leaders are enrolled...
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...Van Doesburg was one of the principal artists of the Stijl Movement. The colors of the chair were one of the principal characteristics of the style. “The chair is composed out of a dramatic interplay of straight lines, where each element still maintains its own identity. Lines produce forms by enclosing space” (designhistory). The color scheme used is blue, black, red, and yellow. This colors created a dynamic balance and contrast. There is radical simplification by the use of straight lines and angles. This chair was created for reflection and to demonstrate that it is conceivable to create beautiful objects out of simple machine parts. (designhistory) It has a lot of similarity to the cubism movement but its ideology was different and their...
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