1.What is the company name and contact information: physical and/or mailing address(es)‚ web site address‚ phone number(s). Costco Wholesale Corp 999 Lake Dr. Issaquah‚ Washington 98027 United States www.costco.com 1-425-3138100 2.In what type of business is this company involved? Costco is a members-only warehouse club retailer that provides low prices on a limited selection of nationally branded and selected private-label products. 3.Identify one of the company’s industry NAICS codes
Premium Sam's Club Costco Wal-Mart
1. Key economic and industry variables: Industry analysis (provide data to support): a. Market Size * $125 billion discount warehouse and wholesale club segment of North America consists of: Costco‚ Sam ’s club‚ Bj ’s. * Warehouse Club Sales In North America: Costco 56% ‚ Sam ’s club 36%‚ Bj ’s 8% b. Scope of Rivalry * * supermarkets * department stores * drugstores * office supply stores * consumer electronics
Premium Costco Warehouse club Sam's Club
Name Professor Corse Date Retailer: Costco Introduction Costco Wholesale Corporation began operations in Seattle‚ Washington in September of 1983. The firm operates an international chain of membership warehouse that carry quality‚ brand name merchandise at considerably lower prices compared to conventional wholesale or retail stores (Costco Wholesale 2013). James Sinegal‚ current CEO and President of the firm‚ and Jeffrey Brotman‚ Chairman of the Board of Directors founded the company. The company
Premium Costco Marketing Sam's Club
learned that a strategy is only as good as it appeals to its target market. Costco’s have clearly identified who their customers are and designed its strategy to keep those customers coming back for generations. Jim Sinegal‚ cofounder and CEO of Costco Wholesale‚ while his methods may be unorthodox‚ his business strategy is certainly working. He is not only interested in taking care of his customers but also his employees. With his methods of interacting with his employees‚ he has proven that a
Premium Costco Sam's Club Warehouse club
XEROX - THE BENCHMARKING STORY Source link: http://www.icmrindia.org/free%20resources/casestudies/xerox-benchmarking-5.htm The case examines the benchmarking initiatives taken by Xerox‚ one of the world ’s leading copier companies‚ as a part of its ’Leadership through Quality ’ program during the early 1980s. The case discusses in detail the benchmarking concept and its implementation in various processes at Xerox. It also explores the positive impact of benchmarking practices on Xerox. "Benchmarking
Premium Management Xerox Quality assurance
Costco Wholesale Corporation (NASDAQ: COST) is the largest membership warehouse club chain in the world based on sales volume‚ headquartered in Issaquah‚ Washington‚ United States‚ with its flagship warehouse in nearby Seattle. Costco’s Canadian operations are based in Ottawa‚ Ontario. It is the fourth biggest general retailer in the United States‚ after Wal-Mart‚ The Home Depot‚ and Kroger. Type Public (NASDAQ: COST) Founded 1983‚ Costco‚ Seattle‚ Washington Headquarters Issaquah‚ Washington
Premium Costco Warehouse club
Criticisms of Benchmarking Despite all of the positive recommendations for benchmarking cited‚ there are critics of the benchmarking proces. Wolverton (1994) states that benchmarking‚ as a cornerstone of CQI‚ is based only on current information‚ and may not give us the freedom and flexibility to see the future. In addition‚ Wolverton adds that this focus may relegate us to the role of follower‚ instead of leader. In writing about a related quality improvement technique‚ Business Process Reengineering
Premium Business process reengineering W. Edwards Deming
Running head: MACROECONOMIC IMPACT ON BUSINESS OPERATIONS Introduction Understanding macroeconomics may help managers make better decisions within their organizations. This knowledge will help them to understand pricing‚ analyze their costs‚ and realize demand (University of Phoenix‚ 2006). "Organizations that care about how the strength of the economy might affect their ability to raise prices or how it might determine the price of goods and services they must buy will pay close attention
Premium Economics Balance sheet Generally Accepted Accounting Principles
1. Introduction This report provides a financial quarterly trend analysis for Costco Wholesale Corporation‚ Inc. founded in 1983. Costco Wholesale Corporation is the seventh largest retailer company in the world. As of July 2012‚ it was the fifth largest retailer‚ and the largest membership warehouse club chain in the United States ("Wikipedia‚ the free‚" 2011). Costco Wholesale Corporation’s stock is publicly traded on the National Association of Securities Dealers Automated Quotation (NASDAQ)
Premium Financial ratios Financial ratio Balance sheet
Benchmarking in Business Many benchmarking professionals believe that the most important type of benchmarking is business process benchmarking. Business process benchmarking is based on the concept of 5w2h which was developed by Alan Robinson. It is labeled as such because the business benchmarking process should result in the answers to seven questions. Five of those questions begin with w which stands for (who‚ what‚ when‚ where‚ and why)‚ and the h stands for (how‚ and how much). The 5w2h
Premium Management Project management