Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Costco Wholesale in 2016: Mission, Business Model, and Strategy, by Arthur A. Thompson (page C-26) Read the case and then respond to the case questions

Costco Wholesale in 2016: Mission, Business Model, and Strategy, by Arthur A. Thompson (page C-26) Read the case and then respond to the case questions provided below. In addition to reading the case study provided in the textbook, research the company further to find any relevant events that have transpired since the writing of the case study, especially since the advent of Covid-19's impact on businesses. Use the company's website, Internet search engines such as Google, online data services, or other sources to locate the latest articles about the company including press releases and current financial information. Be sure to cite all sources according to APA guidelines. Note: For assistance with analyzing any financial data in this case, Table 4-1 (Key Financial Ratios: How to Calculate Them and What They Mean) in your textbook is a useful reference. Please limit your analysis to 4 pages (1000 to 1100 words), double-spaced. Feel free to bring in any recent news or current events concerning this company into your answer.


Case Questions

1. The first chapter of your textbook begins with a quote from Jack Welch, former CEO of General Electric: “Strategy means making clear-cut choices about how to compete.” Do the efforts, actions, and practices of Costco support Welch’s statement? Explain your answer. Be specific, and provide examples to support your views in your response.

2. One of the planks in Costco’s principles and operational approaches states that the firm “take[s] care of our employees.” Do Costco’s compensation and workforce practices align with this principle? Explain your answer.

3. Does Costco enjoy a competitive advantage over BJ’s Wholesale? If so, what is the nature of its competitive advantage? Does Costco have a winning strategy? Support your answer.

4. For a set of organizational strategies, goals, and objectives to have a chance of success there must be pervasive support by/from the organizational culture. Which of the practices of Costco do you feel has the most direct influence on its business culture? Explain the foundation for your response. Is the nature of that influence positive or negative for Costco’s organizational culture? Support your position.

5. Which revenue stream do you think is most important to the Costco business model and strategy? Provide details of your selection as well as the rationale for your choice.

Step by Step Solution

3.54 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

5 Solution 1 Yes the efforts actions and practices of Costco support Welchs statement The key elemen... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Communication Process and Product

Authors: Mary Ellen Guffey, Dana Loewy

7th edition

538466251, 538466257, 978-1111951887

More Books

Students also viewed these General Management questions

Question

What would you do if the bullies and victim were girls?

Answered: 1 week ago

Question

What is a statement of purpose, and what function does it serve?

Answered: 1 week ago