...[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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...'White City' of a Lie H.H. Holmes proved his madness in his design of his hotel near the World's Fair in Chicago. He had a litany of evil deeds that would take a lot of lives of innocent people. Holmes’s personality is perfect for someone who could be able to commit murder, someone with, “dark hair, and striking blue eyes” (35). On the surface H.H. Holmes seemed to be a productive member of society. Born and raised in the small state of New Hampshire, he turned his fascination with the human body into a career when he graduated from the University of Michigan Medical School in 1884. Wealthy, well-educated and refined, the young doctor moved to Chicago where he became the owner of a drugstore, and eventually opened a hotel. His design of the building reflected Holmes’s desires to hide bodies, and clothing within the basement of the building to cover his crime. Later, the building was destroyed as a death chamber. Holmes wanted his hotel, “just comfortable enough and cheap enough to lure a certain kind of clientele and convincing enough to justify a large fire insurance policy” (85). He was a total lady-killer. Holmes knew how to make women feel special and knew how to use the greater liberalism of the time by carefully, gently flouting convention, which women away from their homes and families desired: "He stood too close, stared too hard, touched too much and long. And women adore him for it." (5). Even after he was discovered women defended him: "Holmes, she swore, had...
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...Nature vs. Nurture The stories of serial killers have intrigued all of us at times. One of these stories is Devil in the White City written by Erik Larson. It tells the story of the World’s Fair and of America’s first serial killer, H.H. Holmes. Scientists and psychologists have wondered why people like H.H. Holmes do what they do. It brings up the question which has a bigger effect on your personality, the genetics you were born with or the environment you were brought up in. In other words, nature versus nurture. This concept was debated by well respected scientist, Matt Ridley. He looked at both ideas in a chapter he wrote called “Free Will”. Another story where nature versus nurture could be debated was in The Book Thief by Markus Zusak. It’s a story about a foster child in Nazi Germany. These nonfiction texts about evil lead me to believe that a person’s environment has the biggest effect on their social behaviors and their prejudices. Behavioral tendencies are caused by a person’s environment. Matt Ridley also believes this when he says everyone’s fate is determined by their environment: “This dystopia owes nothing to nature and everything to nurture. It is environmental, not genetic hell. Everybody’s fate is determined, but by their controlled environment, not their genes” (Ridley 304). Ridley agrees that everyone’s fate is determined by their environment and that fate determines their behavioral tendencies. In The Devil in the White City Holmes had a traumatic experience...
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...History 7 October 31 2013 The devil in the white city The novel The Devil in the White City is a 2003 literary nonfiction book by Erick Larson. The novel is based on real characters and events; it illustrates the time period surrounding the building of the World’s Columbian Exposition, or also known as the Chicago World’s fair in 1893. The Fair was considered to honor and memorize the arrival of Christopher Columbus to America. The book is divided into four parts; the first three parts of the book take place between the years of 1890 till 1893 in Chicago, while the last part of the book takes place in Philadelphia in the year of 1895. The novel recreates the lives of two separate, yet very connected men during the Chicago World’s fair. The first character we are introduced to is Daniel Burnham, who is the architect that built the 1893 World’s Columbian Exposition. The story explains how he overcame many obstacles and struggles that he faced during the construction of the fair. The second character is H.H. Holmes AKA Herman Webster Mudgett, the serial killer who bring fear and terror to the fair, and haunts the fair in search of his victims. With the novel explaining how a great event the World’s Columbian Exposition is, and the mention of the story of H.H. Holmes, there is no doubt that the era from 1890 till 1893 was a great time as well as an evil time for the united states. With many events that has influenced and effected the novel The Devil in the White City, the...
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...The Life of America’s First Serial Killer Being known as America’s first serial killer may not have been on Herman Webster Mudgett’s bucket list however, pursuing a career in scamming and murder was. Mudgett, also known as H. H. Holmes was born intellectually smart and used his gift for infamous reasons. Starting out with a passion for medicine he began studying animals and animals corpses, this then led to his obsession with disassembling human corpses and murdering victims for satisfaction. As a scam artist and murderer, H. H. Holmes can be classified as a human monster that possesses more fearful characteristics of a naturally born monster than a fictional character such as, Norman Bates. Born into a wealthy family on May 16th, 1861...
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...fascination with anatomy. When Hermann was 11 years, he began to dissect live animals and kept their bones. “His closest and possibly only childhood friend was killed in a suspicious “fall” while the two of them were playing in an abandoned house,” and he was apparently standing behind his friend during the incident, (Meyer & Weaver, 2009). When Hermann was 17 he married for the first time to Clara Lovering. Clara was wealthy and Hermann used that to his advantage. After the use of the money, Hermann left Clara. He then decided he wanted to become a physician and enrolled in school. He first attended a small college in Vermont and later transferred to University of Michigan. “His early criminal career (mostly using the pseudonym Dr. H. H. Holmes) was based on...
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...The Devil in the White City, a nonfiction novel written by Erik Larson, focused around the construction the 1893 Chicago World's Fair, also referred to as The World's Columbian Exposition, Daniel Burnham, the architect responsible for building World's Fair and the serial killer who exploits the fair to find his victims, H.H. Holmes, the two men's lives are recreated. Larson uses juxtaposition, imagery, and figurative language to portray the opposing forces of good and evil in action during the World’s fair. Introducing juxtaposition in into the novel Larson contrasts the good and evil presented by the fair. Larson compares the good of Burnham to light and the nefariousness of Holmes to the dark. Known as the “White City”, Chicago is a pivotal place where Burnham’s good natured intentions take place; however, “the black” is where Holmes’s wicked attraction dwelled. Holmes is aware of his evilness and even embraces it, claiming he “was born with the devil”(Larson 109) in him. Throughout the book, Larson often contrasts black and white, appealing to the audience, he intertwines these good and evil concepts. Imagery is another key element in Larson’s writing that depicts the good and evil that came to Chicago alongside the fair. He uses locations that flourished during the fair to portray an image of prosperity and goodness. Larson uses words such as “seductive” and “ravishing” in order to give the reader a complete idea of the sophistication of the park in the fair’s prime...
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... An ancient Chinese philosophy describes how seemingly opposite or contrary forces may actually be complementary, interconnected, and interdependent in the natural world—they coined the term Yin and Yang—light and dark—and they are put together to form one concept and exist at the same time. The light and dark sides both incorporate their counterpart within to symbolize that light and dark coexists. In The Devil in The White City by Erik Larson, in the midsts of the industrial revolution of America — Chicago is trying to make a name for itself in response to the Exposition Universelle of 1889 hosted by France, where the famous Eiffel Tower was constructed. After a close race with New York, Chicago eventually pulled through and earned the rights to host the World Fair in 1893. Chicago, being the largest city in the Midwest, had just recently recovered from the Great Fire and was in the rebuilding process. Erik Larson’s argument is that in everything there is a light and dark side — good and bad. In the event of the world fair meant to bring together innovation and pride to the city of Chicago, it also brought darkness in the form of a serial killer in a murder castle. An event meant for pride for Chicago, instead, brought shame upon the police for incompetence. Larson uses juxtaposition, appeal to the reader’s emotions, and the structure of the book to convey the drive that pushes an individual to either “engage the impossible” or “manufacture sorrow.” Starting off, Larson leaves...
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...Landon Nelson HERMAN WEBSTER MUDGETT Herman Webster Mudgett, more commonly known as Henry Holmes was born on May 16th, 1861. He was raised in the town of Gilmonton, New Hampshire. As a child, Henry grew up with his mother and father as a single child, his family was wealthy. His father often was referred to as a raging alcoholic. His mother on the other hand was a strict Methodist who would often read Henry excerpts from the Holy Bible and try to teach him good morals. However these morals would be soon washed away with the help of his classmates in school. Kids in his school would often force Henry to touch human skeletons. Due to this, Henry became very fascinated with the human anatomy and death. Although this was a major catalyst to his curiosity with medical science, Henry was already known to be a very smart kid and loved medicine. After his experience with human skeletons, Henry decided to take his fascination to the next level. He proceeded by discecting animals for fun and he would read books about medicine. Eventually he would move on to college to become a doctor. In his later years, Mudgett attended the University of Michigan where he was later expelled for stealing corpses and performing experiments on them. He would also use the...
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