Review Questions To Answer:1. What is Costco’s business model? Is the company’s business model appealing? Why or why not?2. What are the chief elements of Costco’s strategy? How good is the strategy?3. Do you think Jim Sinegal was an effective CEO? What grade would you give him in leading the process of crafting and executing Costco’s strategy? What core values or business principles did Jim Sinegal stress at Costco? Refer to Figure 2.1 in Chapter 2 in developing your answers.4. What is competition like in the North American wholesale club industry? Which of the five competitive forces is strongest and why? Use the information in Figures 3.4,3.5, 3.6, 3.7, and 3.8 (and the related discussions) in Chapter 3 to do a complete five-forces analysis of competition in the North American wholesale club industry. Rate the importance/ strength of each force as either high, medium, low. Explain the rationale for your rankings.6. How well is Costco performing from a financial perspective? Do some number-crunching using the data in case Exhibit 1 to support your answer. Use the financial ratios presented in Table 4.1 of Chapter 4 (pages 85-87) to help you diagnose Costco’s financial performance.7. From a strategic perspective, how well is Costco performing? Does Costco enjoy a competitive advantage over Sam’s Club? Over BJ’s Wholesale? If so, what is the nature of its competitive advantage? Does Costco have a winning strategy? Why or why not?8. What recommendations would you make to Costco top management regarding how best to sustain the company’s growth and improve its financial performance?Helpful Costco Videos/Referenceshttps://youtu.be/mCU1hLF7jE0https://youtu.be/05Oji32ZYkshttps://youtu.be/pGZpM2bkvIUhttps://youtu.be/8XMmcz03RZshttps://www.youtube.com/watch?v=mYF2_FBCvXw (The Five Competitive Forces that Shape Strategy)Additional Instructions: Please see attached outline format/Word File.Text Resource: Thompson, Crafting and Executing Strategy: Concepts and Cases, 22e Connect Access Card Thompson Jr. GLO-BUS Access Card, 2e
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more