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Thursday, September 10, 2009
Team #3
Danielle Barnes, Lauren Gardner, Kimona Tolbert, La’Berrick Williams
MGT: 516 Strategic Management
professor Jerry Mitchell
Assignment Questions
1. What is Costco’s Business Model? Is the Company’s business model appealing? why or Why not?
& papal bullshit; To generate high sales volumes and fast inventory turnover by offering members very low-down prices on a especial(a) selection of nationally mark and selected private label products in a wide chain of merchandising categories.
• Yes, because they atomic number 18 able to sell confine selection of nationally branded products for low prices. In aftermath of the low prices Costco is able to sell more volume, which increases conjunction profit.
2. What are the chief elements of Costco’s strategy? How good is the strategy?
• The chief elements of the Costco’s strategy are low prices, limited product line, limited selection, and a “treasure hunt” shop environment.
• This is a very good strategy because the report values of the strategy allow the company to remain paid to continue to expand their business.
3. Do you think that Jim Sinegal is an effective chief executive officer?
What grade would you give him leading the process of crafting and executing Costco’s strategy? What support can you offer for these grades? Refer to epithet 2.1 in Chapter 2 in developing your answers.
• Yes, because he is very concerned with not only the business and company strategy and its profitability, but he also has a major concern for the Costco employees and their needs. He lives by the Motto of the company” cosmos a Company that is on a first stool basis” and the other core values of the code of ethics.
• I would give Jim Sinegal the letter grade of and “A”. He is very hand on in managing the company’s success with management and frontline...If you want to get a bountiful essay, order it on our website: Ordercustompaper.com
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