Quicktrip

4398 WordsSep 23, 200818 Pages
QuikTrip QuikTrip: A Look At Effective Management QuikTrip: A Look At Effective Management Overview and Management In 2008, the 28th best company to work for according to Fortune Magazine was QuikTrip. In 2005 the 32nd largest privately held company according to Forbes Magazine was QuikTrip. QuikTrip was founded in 1958, in Tulsa, Oklahoma, by Chester Cadieux and Burt B. Holmes. Today QuikTrip employees over 10,000 employees and operates over 500 convenience stores in 9 different states. QuikTrip strives to be the best, focus long term, do what's right for QT, never be satisfied and do the right thing. The company’s success can be attributed to these core values. QuikTrip…show more content…
Training is on-going throughout a person’s employment with the company. QuikTrip does not advertise jobs – they advertise careers. A person could conceivably start as a part-time employee and promote through the ranks all the way to CEO. Five of the top executives began as part-time store clerks while they were attending college. When in school, none of them considered a career with QuikTrip. Such a value is placed on promoting from within that QuikTrip only hires 2% of people from the outside. When advancement slows down they simply build more stores. QuikTrip’s HR strategy is to hire the best people and keep those people happy and satisfied. In January, Cadieux had this to say about his company “This Spring, QuikTrip will open its 500th store, and in September we’ll celebrate our 50th year in business. The size and appearance of our stores and the products we sell have changed a lot over the years, but one thing that has remained consistent since the beginning is the quality of our employees. QuikTrip’s purpose is to provide our employees the opportunity to grow and succeed. Our people will always remain the core of our existence.” Clearly, this is a winning philosophy. The positive attitude of the CEO trickles down to the store clerks and is evidenced by customers returning time and time again. Ethics and Social Responsibility Ethics, as defined by our textbook, is the “inner-guiding moral principles, values, and beliefs that people use to

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