Andover Business Club

Topic:  Costco   and other warehouses sell lots of different items in bulk and it is significantly cheaper to purchase from a warehouse.  What are some of Costco and other warehouse strategies to optimizing business?  How do they save money and pass that on to customers? In addition, shopping in bulk is now becoming more readily available online with companies such as Jet.com.  How does this business model compare to an in-store shopping experience? NPR has a podcast called:  The Anti-Store  about Costco.  A very interesting listen. https://www.npr.org/sections/money/2015/09/25/443519599/episode-653-the-anti-store

Topic 1:   Let’s suppose you were to design a new product (anything: protein bar, mobile app, car etc.), how would you   market   it?  What are some things you’d consider, especially if you’re trying to   break into an established and competitive market ?  Here’s an article you might find interesting about marketing new food products. https://www.thebalance.com/effective-supermarket-promotional-ideas-1326141 Topic 2:   One of our Managing Partners thought it would be a good idea to talk about   Elon Musk ’s plans as the founder of SpaceX and Tesla, and his plans to venture into   space and the electric car industry .  As a manager, how does he do this all?  Why do people think, “Tesla”, when they hear “electric car?”  How has Elon Musk established and branded Tesla?  Here’s an article about SpaceX’s BFR Vehicle.   https://www.extremetech.com/extreme/267292-spacexs-bfr-vehicle-is-already-taking-shape

As a reminder, our meeting will take place in   Freeman Room   from   6:30-7:15.    Mr. Charland is the CEO of Wilkins Investment Counsel, and he will be speaking about personal finance and money management in today’s era.  There will probably be a Q&A session afterwards! Invite all your friends and bring your questions!