Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Costco strategic issues

07/01/2021 Client: saad24vbs Deadline: 2 Day

Running head: COSTCO CASE STUDY 1


COSTCO CASE STUDY


9



Case study analysis on Costco wholesale


Student


Tutor


Course


Date


Costco is one of the biggest warehouse stores in America apart from Walmart. Costco warehouse was founded in 1983 in Seattle by Jeffrey Brotman and Jim Sinegal. It was during this time that Jeffrey Brotman had started a small shop of men’s clothing but had flopped later on while Jim Sinegal was working for fed mart at the time. Jeffrey approached JimSinegal with the idea of opening a warehouse store in Seattle and they both had agreed upon a start up warehouse club in which result became Costco. During this time Costco was conceived to be more than a business company, but a mission thus is the mantra of “Do the right thing always”. Both Jeffrey and Sinegal divided their roles to smoothen out their work and be able to operate clearly and more focused. Sinegal became the merchandising, operational leader and the face of the company as the CEO until his retirement in 2011. Broman’s roles included selection of store sites and competitive strategist. It was during October 1993 that Costco merged with price club. The company was then able to establish its routes further outside the country into the world.


To this day, Costco has valued itself as being a discount based company wholesale where they sell their products cheaper (in bulk for consumers) to make a faster turnover of commodities. To make this possible, Costco has gone ahead and marked some strategic external environments that might hinder their visions. The external forces may include political, technological factors, social factors, economic factors, and lastly environment. These factors have all been considered by Costco by partnering with the government and making sure they adhere to the rules and regulations required by the law. Costco is a major third-largest warehouse store that has gone ahead fashioned in working with the best mins in the job of technology experts and buying the latest technology to go with the latest models. Social factors have a significant impact on how stores run their shops by studying the population of where you are going to set up shop to show that you can account the people's needs and what kind of products you need to focus on giving discounts which Costco has keenly observed. Environmental factor includes land law, climate of the place affect how business will run and so far Costco has established a clean sheet of being the best in the industry by engaging research on lands laws and regulation that can safeguard their work.


Costco strength and weakness


Costco's strength, weakness, opportunity, and threat analysis usually confirm the most significant threat that concerns the company at hand. Costco has been a discount friendly company that faces a lot of challenges and weaknesses a lot when it comes to buying and selling products and the returns that the company makes in profit.


Strength weakness.


Stiff market availability competition with retail store


Expansive supply chainanimal rights trends


Strong brand signature online competition


Diversification exclusive to membership


Expansion of products low-profit margins


Expansion of locations limited product margins


Costco SWOT analysis


Like all retail stores, Costco faces a significant threat of weakness and opportunities that usually save the company operations by looking into Costco's internal gaps and strategic factors, limited product, and exclusiveness to membership and low-profit margin (Frue, 2019). Having low insufficient product margin compared to their competitor makes it hard for customer to get what they wanted due to the low availability of products in-store and having a customer membership to exclusively make it hard for others to enter and buy goods in its warehouse. Due to Costco discount rate it makes it hard to make a big profit from their sales and leaves small window of price adjustments.


Though Costco may be facing some severe threats, there are a few ways that can save the company from falling and go down the drain like diversification, expansion of product mix, and the development of locations. Costco can diversify and expand through the extension of products like Walmart. Products sold at the company can also get added where customer has all the variety they need in one place. The company has no zero policy to open its shops in one place but can do so in many areas, states, and countries where there are better economic benefits and grow in size. This makes points that Costco has a better chance in growth opportunity and expansion.


Costco faces threats that are social cultural-based that can render the market performance redundant. Competition with retail stores, online games, and online competitions are some of the risks that Costco is facing at the moment. The company is facing threats from its rivals such as Walmart’s Sam’s clubs in the market segment. Small business is now selling products online for a cheaper price giving Costco a run for their money and a hard time. Animal rights are some of the challenges that Costco is dealing with at the moment due to the fact they can reduce their animal products thought the company could make some adjustments and comply with the law and improving their supply chain policy. The company, however, needs to enhance its environment to do better than its competition.


Costco has the ability that firms use to grow their market and make extensive profits. Strong market presence, expansive chain supply, and strong brand like Kirkland signature. Costco is one of the leading wholesale shops in America, that has enabled it to have better exposure to consumers or customers. Expansive chain supply of Costco has helped the company created a very significant strength to achieve economy of scale. Having Kirkland as a brand assures customer that the quality of products that they deal with are legal and of good quality.


Costco corporate level strategy


Costco has a straightforward level strategy that is to always provide members with goods with quality and services and the lowest price possible. This business model can be linked back to their corporate strategy, where they intend to achieve quality and cost leadership. Costco's mission of having lower price products, goods and services is what keeps consumers coming back for more since they love it (Grunig Kuhn, & Montani, 2018). This strategy by the corporate to lower price proves as an advantage to Costco from competitions.


Costco usually makes its sales in large amounts, creating more turnovers. This is due to their low cost and trade Kirkland land trademark, where the goods they sell are of good quality. Making more turnovers makes it so they have added advantage from their competitors, thus creating more profit.


Costco also usually makes a big chunk of money by investing with their workers. This tactic helps clear more turnovers while lowering the amount needed in employing more workers every time during cycles. This motivates their employees making them appreciate the work that they are doing and better serves the customer right.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Essay Tutor
Writer Writer Name Offer Chat
Top Essay Tutor

ONLINE

Top Essay Tutor

I have more than 12 years of experience in managing online classes, exams, and quizzes on different websites like; Connect, McGraw-Hill, and Blackboard. I always provide a guarantee to my clients for their grades.

$115 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Great barr birmingham postcode - Mth 221 discrete math for information technology - Organizations with adhocracy cultures are described as - Health information technology paper - Oedipus rex short version - Climate map of the world - Microsoft smart card base components windows 7 - Cat c2 2 valve adjustment - Seed lab sql injection solution - List of hedge funds in london - Civil service written policy exercise - Hsun tzu basic writings pdf - Under variable costing fixed manufacturing overhead is - Mission statement of red cross - Becoming a coach requires a shift from old behaviors - Bricklaying method statement free download - 8946 candlewood lane clarence ny - Tp castt poetry analysis answers - Boeing defence space and security - Ap reserve invoice sap b1 - SDM - PCA - Responsible accountable consulted informed - Dc latching solenoid valve - Abbeygate nursing home moulton - Morgan county jail indiana - Animal cell drawing with labels - Discourse community thesis - Iba data acquisition system - Funk mma bodyweight workout - B2b sales process ppt - How does academic dishonesty undermine the purpose of graduate school - The sanctuary of school by lynda barry main idea - Plan for success essay - List the four possible subshells in the quantum-mechanical model. - Case Study - Australian monitor amc 120 - Organizational behavior emerging knowledge and practice for the real world - Biopsychosocial model of addiction - Critical Thinking Oral Answer - Positive thoughts breed positive outcomes - Exchange hunter jumper - Powerpoint Should Consist Of 18 Slides. Rubric Is Attached .PLEASE FALLOW THE RUBRIC - Organizational ethics a practical approach 3rd edition - Peter boyce building certifier - Stevenage bus times sb1 - Extended star topology - Take my hand we'll make it somehow - Wsq conversational english competency level 3 - Volleyball line judge flag signals - Perspex rod static electricity - Time series analysis notes - Common eastern froglet tadpoles - Ron white shoe buddy meaning - Central obesity correlates with an increased incidence of - George markoski net worth - Apnea rx harvey norman - How to avoid parallax error in physics - Timber span tables australia - History - Educare past exam papers - Balance sheet in xbrl format - Capsim Exam - Bibl 104 quiz 1 answers - Ink chromatography lab answer key - Immigration accreditation past exam papers - 4 p's of promotion - Research design and methods - Mcgraw hill connect accounting answers chapter 10 - What is Plagiarism - Strathclyde uni exam dates - Schools interested in proposing a curriculum consistent with a nation at risk would probably offer - Rhetorical analysis assignment - Statistic probability - Cumberland university executive phd - 2021 exam timetable vce - Health sciences library mcmaster university - Is the dissolution of nh4cl exothermic or endothermic - Mosquito coil making formula - Restricted earth fault relay wiring diagram - Aaahq.org/asclogin.cfm - Extra crispy bp bonnyrigg - St vincent's hospital pathology - St bridget school tuition fee - The process of managing the baseline settings of a system device is called ________. - Brands that are promoted through comparative advertising are most likely to be - Computer hardware lecture notes - Anthem for doomed youth form - Travel to work loan - Goldman sachs bank wiki - Human Nature - Journal of artificial intelligence in electrical engineering - 5 ps of sports marketing - Archive org details malwaremuseum&tab collection - The psychology of the simpsons pdf - First isomorphism theorem for modules proof - 7 principles of business ethics - Excel Project - Importance of ihi certificate wgu - Ashworth college medical billing and coding final exam - Glifeeis.grantham.edu