1. In which ways does trader joe’s demonstrate the importance of each responsibility in the management process- planning, organizing, leading, and controlling? Traders joe’s outlet mangers are highly compensated, because they are trained on the traders joe’s system inside and out. The managers are hired from within the company’s already employed employees. Trader joe’s also writes job descriptions by desired soft skills. There employees are friendly and customer oriented. Trader joes have been using competitive advantages because trader joe’s has been doing extremely well and have been giving some advantages over there competitors in the marketplace.
2. Traders joe’s is owned by a German company operating in American. What are the biggest risks that international ownership and global events pose for trader joe’s performance effectiveness and performance efficiency? Trader joe’s would have to become a global management. This means that they would have to attract and hire a truly global manager who has a strong global perspective, are culturally aware, and always stay informed with the international developments. Trader joe’s would have to also become more in touch with global economy in which supplies, product markets, and business competition are worldwide and not local or national.
3. Given trader joe’s casual and nontraditional work environment, what should she do and what should she avoid doing in the first few days of work to establish herself as a skillful manager of this team? She should enroll in the traders joe’s training program so that she could learn the ends and outs of the company and there polices. She tries to make sure that she keeps a friendly crew. She should also make sure that her employee’s under her are well trained and knows the company polices and their expectations.
4. Are there any internal weaknesses or external competitors or industry forces that might cause future problems? Trader Joe is a perfect example of a Niche market store that has a very successful product differentiation strategy by focusing on their customer needs, taking care of their employees and continuing to provide great quality products. Today world whole and organic foods are in high demand, but it can be very expensive. Trader Joe has made this possible by bringing together healthy choices that does not hurt the customer’s pocket. If Trader Joe should continue to operate with this strategy they certainly have brighter horizon to see.