Just finished this book on ALDI. Just LOVED it. Not the best written, but one of the few sources on one of the best businesses in the world bar none. Some things that struck me (there are many):
1) potency of simplicity - same concept executed for 70Y
2) scarcity breeds clarity
1) potency of simplicity - same concept executed for 70Y
2) scarcity breeds clarity
ALDI’s concept was born in 1948 bc the Albrechts didnt hv the resources to be a full SKU store
3) huge autonomy, decentralization and delegation. Virtually no central functions. They were a €30B co in 2011 that didn’t do central budgets..
- it is run as 100+ independent cos
3) huge autonomy, decentralization and delegation. Virtually no central functions. They were a €30B co in 2011 that didn’t do central budgets..
- it is run as 100+ independent cos
They are run w minimal metrics - supreme clarity of what drives the business (cheap prices in a focused assortment). Never got distracted.
Wish there was more data on talent alignment and retention; their cashiers were the most productive in the industry and best paid. Like IKEA
Wish there was more data on talent alignment and retention; their cashiers were the most productive in the industry and best paid. Like IKEA
Reminds me of $CSU_CN and $TDG. Epic decentralized businesses where small teams think and behave like owners.
The difference between a culture of employees vs intrapreneurs = footnote vs making history.
Clarity of purpose + focus + unleash talent (op excellence) = right tail
The difference between a culture of employees vs intrapreneurs = footnote vs making history.
Clarity of purpose + focus + unleash talent (op excellence) = right tail
• • •
Missing some Tweet in this thread? You can try to
force a refresh
