www.ccsenet.org/ass Asian Social Science Vol. 8‚ No. 10: August 2012 Managing Stakeholders: An Integrative Perspective on the Source of Competitive Advantage Minyu Wu’ ’ School of Business‚ Curtin Universify Sarawak‚ Sarawak‚ Malaysia Correspondence: Minyu Wu‚ School of Business‚ Curtin Universify Sarawak‚ CDT 250‚ 98009 Miri‚ Sarawak‚ Malaysia. Tel: 60-8-544-3844. E-mail: minyu.wu@curtin.edu.my Received: March 19‚ 2012 doi:10.5539/ass.v8nl0pl60 Abstract Despite the enormous amount of academic
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Costco: Weakness of Three Aspects‚ a Company‚ Diversity‚ and Globalization INTRODUCTION The history of Costco “We are a membership warehouse club‚ dedicated to bringing our members the best possible prices on quality brand-name merchandise.” Costco Wholesale Corporation is one of biggest wholesale corporations in the United States and several other countries. The story of Costco’s rise from a single Seattle store in 1983 to a multinational chain of enormously profitable warehouses is a
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The customer need that will be satisfied is that my gas station will have gasoline‚ diesel‚ and a service station to get the repairs or inspections they will need to have. There will be a free air pump‚ so they can have the option of filling up their tires. I will also have coffee‚ snacks and different beverages the customer can purchase as well‚ so they can also fuel up their bodies as well for the ride they are going to make. The product will be unique by my station having a self service‚ but
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“Cheap-chic” is a business model where inexpensive merchandise is marketed as stylish. It emphasizes style and design to distinguish oneself from competitors. (4) This allows for high levels of profit because these merchandise sell at low prices but have an expensive feel to them. Great examples of such a concept include: Target‚ Trader Joe’s‚ and Ikea. (1) As a loyal and regular customer to Target‚ I have found myself attracted to Target’s sales and aesthetic appeal. While Target and Walmart fall
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History Costco used to be a store under the Price Club name and it focused on serving small business at the very beginning. However‚ the company found Costco can attract a lot of non-business customers. According to Costco’s official website‚ Costco and Price Club merged in 1993 and combined together. It had 206 stores and earned $16 billion annually. In addition‚ Costco mentioned that the operating philosophy is lowing down the cost of goods sold and saving their customers’ money. Because
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Costco Wholesale Since 1983‚ Costco Wholesale has risen to the top as the most proficient‚ efficient‚ and effective wholesale distributors in the world. By using a strategy based around ultra-low prices‚ a limited selection of nationally branded private labeled products‚ a treasure hunt shopping environment and operating with low operating costs‚ as well as geographic expansion‚ Costco has been able to distinguish itself from its competitors as the leading wholesale provider in the world. While
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The case study is a perfect example of how failure to know and understand the market one is competing in can be disastrous‚ even for corporations as large and as experienced as Wal-Mart. Just because something has been successful in America it does not mean that the same business model can be duplicated in a different global market with the same results. Wal-Mart entered into a joint venture with Charoen Pokhand (CP) Group to facilitate their entry into the Chinese market. However‚ they failed
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Strengths As the nation’s leading drugstore in sales‚ earnings growth‚ same-store sales increases‚ prescription drug market share‚ and prescription sales per store‚ and first on the list of Global Most Admired Companies in the food and drugstore category‚ Walgreens’ position as the market leader is perhaps its greatest strength (Walgreens Corporation‚ 2006c; Carpenter‚ 2004). Its next closest rival‚ CVS‚ trailed Walgreens in sales by nearly $7 billion annually and Walgreens outsells number
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DHL was founded in 1969 in San Francisco by 3 entrepreneurs Adrian Daly‚ Larry Hellbox and Robert Lynn. They started shipping documents from San Francisco to Honolulu and now ship internationally to 220 countries worldwide. The DHL family offers an unrivalled portfolio of logistics products and solutions ranging from domestic and international parcel delivery to international express‚ road‚ air and ocean freight to end-to-end supply chain management. There are thousands of logistics companies operating
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Stakeholders The world ’ ’stakeholder ’ ’ was first used in an internal memorandum at the Stanford Research Institute in 1963. It refers to "those groups without whose support the organizations would cease to exist". There are two types of stakeholders‚ primary and secondary. The first type are those that engage in economic transactions with the business - stockholders‚ customers‚ suppliers‚ creditors and employees. The second type are those who do not engaged in direct economic exchange with
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