Trader Joe's

Topics: Grocery store, Trader Joe's, Management Pages: 2 (1085 words) Published: October 29, 2014

Trader Joe’s Management Responsibilities and Their Skill Sets Kristi RenyerUniversity of Central Missouri
Abstract
Trader Joe’s is a grocery store chain opened in California in 1967 CITATION Gle11 \l 1033 (Llopis, 2011). The company takes pride in keeping their experience unique with the way employees dress, their plan for success and keeping things original CITATION Gle11 \l 1033 (Llopis, 2011). They change the way they place product shelves and tables constantly CITATION Gle11 \l 1033 (Llopis, 2011). Trader Joe’s takes creativity and innovation to the next level.   The average store size is 8000 to 12000 square feet and typically has a modular design CITATION Joh10 \l 1033 (Case 1: Trader Joe's: Keeping a Cool Edge, 2010). The design of the store keeps competitors from gaining ground, because they can’t fight back.   At Trader Joe’s they make you feel like a part of the family not just another person that comes in to buy products and give them money. Trader Joe’s is a neighborhood market that eventually grew to a multibillion dollar supermarket CITATION Joh10 \l 1033 (Case 1: Trader Joe's: Keeping a Cool Edge, 2010). There are more than 300 stores across the United States today CITATION Joh10 \l 1033 (Case 1: Trader Joe's: Keeping a Cool Edge, 2010). Perhaps their perfect fundamentals for great management had something to do with their success. A normal day at Trader Joe’s consists of employees dressed in Hawaiian shirts to point customers to their gourmet, specialty, and natural foods. Customer Service is seen to be pretty laid back yet very passionate. Shopping at Trader Joe’s is not a duty as it seems to be with other supermarkets CITATION Joh10 \l 1033 (Case 1: Trader Joe's: Keeping a Cool Edge, 2010). They hold half as much stock as the average market and they believe this helps them sale twice as much more products simply because “Giving people too much choice can result in paralysis”, says Professor Barry Schwartz CITATION Joh10 \l 1033...

References: BIBLIOGRAPHY (2010). Case 1: Trader Joe 's: Keeping a Cool Edge. In J. John R. Schermerhorn, Exploring Management (p. 416). Hoboken: John Wiley & Sons.
Llopis, G. (2011, September 5). Why Trader Joe 's Stands Out From All the Rest in the Grocery Business. Forbes.
Sergeant, N. What risks do organizations face when eingaging in international financial activities? Investopedia.
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