Strategic Business Management for Organizational - myassignmenthelp

Question: Discuss about theStrategic Business Management for Organizational Process. Answer: Traders Joes is one of the well-known names in the retail sector of business in Washington, D.C that first came up in the year 1967. The company famous for its grocery products handles its outsourcing business with enough efficiency so that it can give a tough competition to its rivals (Joes, 2015). The company maintains its product complement by bringing in products that are of private labels. In a store of Trader Joes more than 80% of the products are of private labels. Mention can be made of Traders Joes extensive range of private label products under the brand names like Trader Joes, Trader Mings, Trader Jose and so forth. This has enhanced the growth of the company unlike the other retail stores (Joes, 2015). Another important approach that Traders Joes has taken is not to follow trends. In its place, the company has focused its business strategy by introducing new products that the customers had never used before (KENYA, OBAGA, 2016). Apart from this, another significant approach of Traders Joes that can be mentioned is that the products of the company are mainly targeted at the sophisticated consumers and hence the products of Traders Joes differ from other retail grocery stores (Joes, 2015). Moreover, the company preserves a dynamic product mix by launching 10-15 products each week and as a result it has at times created confusion among both the employees and the customers. In the recent years, due to gradual increase of demands for the companys product the company must open its new stores in certain locations where customers can easily access it as well as the company can expect a huge profit from the selling of its products (KENYA, OBAGA, 2016). References Joes, T. (2015). Trader Joes. KENYA, D., OBAGA, E. M. (2016). The Importance Of Strategic Content, Strategic Context And Organizational Process Factors To Effective Strategy Implementation: A Case Study Of.