This essay focuses on a business by the name Joe's company, its growth, and basically how it has managed to be one of the top firms in the United States. To arrive at an understanding of the business, some review questions on this case study are posed, and answering them below will aid in the knowledge of Joe's store.
Trader Joe's business clearly understands and takes into account consumer behavior in their operations. For instance, the business offers a wide variety of products for every dietary need, making it a choice for many clients. According to the passage, Joe's traders' employees assist in marketing the business by wearing t-shirts with advertising messages on them. This helps to gain more clients. In terms of valuing its employees, the company does so, and that is why each employee strives to offer the highest quality. One mistake of this business is that it doesn't offer a wide variety of products and sells most of its products cheaply. This might affect it in the future if the customers taste changes, and the business can't meet it anymore or when market patterns don't favor the few products they offer.
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The business plan of limiting the variety and selling quality produce assists them to be competitive in the market. Limiting the store size also reduces the expenses in terms of floor space and rent. The organized managers wearing loud tropical print shirts and chalkboards with slogans assist the business to grow significantly. Ensuring the quality of the products they offer makes customers attract others and this way they save greatly on the advertising costs.
Suppose the new employee is given a chance to work with Trader Joe. In that case, she should first familiarize herself with either the working environment, follow the business operations carefully to learn how the business is run. She should also inquire from the relevant sources on activities and should not, at any point, compromise on the quality of products and services offered by the team she is supervising.
Due to the company's foreign ownership, the owner may decide to relocate the company to another place based on the current market behaviors. Committing to such a company as an employer may render the employees jobless if the company transfers. This is because relocation may mean to another country or state, and the earnings may not be sufficient to support employees' lifestyles as foreigners.
