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Becoming Trader Joe has the strongest coverage in these notes.
Company
Company
Macy’s
1 Books1 Highlights13 Themes
Macy’s appears across 1 book, with 1 highlight.
Books
Notes
Recurring themes
Chunking for Initiative Taking, Genuine Retailer Identity Commitment, Six-Month Grievance Venting System
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[Peter] Drucker was . . . an admirer of Marks & Spencer, the giant British retail concern which, while copying some of Sears’ methods, notably in recruiting, training, and developing new executives, was imbued with a va…
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Highlights
"[Peter] Drucker was . . . an admirer of Marks & Spencer, the giant British retail concern which, while copying some of Sears’ methods, notably in recruiting, training, and developing new executives, was imbued with a variety of objectives, perhaps more diverse than Sears’ productivity and marketing, for example. It had also established “innovation objectives” as Drucker put it, by which “it rapidly built its quality control laboratories into research, design and development centers. It developed designs and fashions. Finally it went out and looked for the right manufacturer.” The result was one of the world’s best programs for private labels. —Isidore Barmash, Macy’s for Sale, 1989"
Becoming Trader Joe
Themes
Chunking for Initiative TakingGenuine Retailer Identity CommitmentSix-Month Grievance Venting SystemWhite Papers Before Major MovesReasonable Beats Optimal AlwaysPay Premium to Win PremiumEach SKU Profit Center DisciplineNo Secretaries No Secrets PolicyDiscontinuity as Core StrategyGrowth Skepticism as DisciplineOvereducated Underserved TargetingEntrepreneurial Vendor Treasure HuntingBrooks Brothers Strategy