Trader Joes free essay sample

I believe one of the â€Å"must have† managerial skills for a Store manager of Trader Joe’s is leadership. Leadership is very critical and important; it is the ability to motivate other employees towards common goals, like providing great costumer service or building an effective work team. Basically, employees will follow the lead of a store manager and if the skills of the manager are effective, it will result in successful performance of the department. Also, a good leader is always looking for new ways to make improvements inside or outside the store. Even though store managers may face difficult situations or need to handle problems with employees, it is important to make a decision based on the information, stick with it and deal with the consequences. Some of the risks that international ownership and global events pose for Trader Joe’s performance efficiency are political and economical. Trader Joe’s has to follow political changes, because they won’t be able to operate effectively when the government has a negative impact on individuals in certain countries. We will write a custom essay sample on Trader Joes or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Also, they need to be aware of countries financial responsibilities. If a country is not able to meet those obligations, or has negative effects on interest rates or exchange rates, it will be difficult to make international business. Furthermore, in today’s world there is an environmental risk such as natural disasters or environmental pollution that could damage global business as well. There are some important keys a team leader has when raising up to a manager role. One of them is communication. A team leader needs to be able to communicate well to the workers, so they believe in the message and can follow instructions clearly. Additionally, he or she will make an extra effort to step in when more help is needed. It is also essential to build teamwork and have a great attitude towards difficulties among employees and changes in the work environment. If a team leader can create a balanced work atmosphere for everybody, this will result in a better and more active work. Trader Joes free essay sample How does Trader Joe’s design jobs for increased job satisfaction and higher performance? â€Å"Trader Joe’s has designed jobs to increase job satisfaction by showing appreciation in providing more benefits to their employees than other chain grocers. They provide starting benefits including medical, dental, and vision insurance, company-paid retirement, paid vacation, and a 10% employee discount, Pg. w-100. † Traders Joes also recruits people with certain personality traits that the company wants in their stores. They are able to enrich their employees with knowledge of their products that they are selling, as well as inducing customer involvements. As a result, they are able to have higher job performance because they are able to train and nurture their employees to have the same values and philosophy as the company, as well as granting supreme employee benefits. 2. In what ways does Trader Joe’s demonstrate the importance of each responsibility in the management processplanning, organizing, leading and controlling? For Trader Joe’s, they are able to demonstrate the importance of each responsibility in the management process by establishing a plan to serve quality products with natural ingredients, inspiring flavors, and buying direct from the producer whenever possible, pg. We will write a custom essay sample on Trader Joes or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page w-99. They also organize their stores to limit its stock, carrying about 1,500 to 2,000 products compared to retail mega-markets with 25,000 to 45,000 products. Through leading, Trader Joe’s support their future leaders by hiring managers only from within the company. Future leaders enroll in training programs called, Trader Joe’s University that foster in them the loyalty necessary to run stores according to both company and customer expectations, pg. w-100. Lastly, Trader Joe demonstrated the responsibility in controlling by placing standards to sell natural based ingredient products, as well as striving to offer the highest quality type foods. 3. Describe the methods that show Trader Joe’s knows the important of human capital. One method that shows Trader Joe’s knows the important of human capital is the fact that they encourage employees to taste and learn about the products they are selling and sharing their experiences with their customers. By doing so, Trader Joe’s adds value to their employees. Secondly, Trader Joe’s hires managers only within the company, partly because they know the system inside and out. Their knowledge of how their system works is the human capital, because an outside manager would not have he experience and in depth knowledge as would the person who was hire within the company. 4. Explain the value chain as it pertains to Trader Joe’s. Trader Joe’s value chain consist of it buyers that travel all over the world in search of great tasting food and beverages to buying directly from the producer whenever possible. The company itself is part of the internal value chain where they purchase their wholesome products to their staffing in employees. Customers add value to their chain because they trust Trader Joe’s to offer the most nutritious, sustainable, and organic food, pg. w-100. 5. Research Question: What do the blogs and current news reports say? Is Trader Joe’s management benchmark for others to follow? In what areas relevant to Organizational Behavior does the firm have an edge on the competition? Current news report describes Trader Joe’s as a â€Å"trendy grocery store with cult like following,† Similar new report that Trader Joe’s are opening up a store in Florida. I do believe Trader Joe’s is a management benchment for others to follow because of their widely success that shows in their new expansion in opening new stores in different states. As more and more people are willing to purchase healthy food, I can see that business would want to incorporate some of the values Trader Joe’s has been practicing. Some of the areas relevant to OB that gives Trader Joe’s an edge in competition is being able to sell simple and exotic products that are inexpensive as well as creating a single brand that consumer has learned to trust.