Management of Costco | Report

Running head: MANAGEMENT
Management of Costco
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MANAGEMENT
Table of contents
Summary of the organization.....................................................................................................3
Customer base............................................................................................................................4
Mission and core values.............................................................................................................4
Vision.........................................................................................................................................5
Corporate level strategies...........................................................................................................6
Resource allocation................................................................................................................6
Organizational design.............................................................................................................6
Business level strategies.............................................................................................................7
SWOT analysis...........................................................................................................................7
References..................................................................................................................................9

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MANAGEMENT
Summary of the organization
Name Costco
Industry/market Retail
Location Headquarters: Issaquah, Washington, United States
Warehouses- 785 worldwide
History Under the guidance of Sol Price and his son, Price Club achieved its
successful launch on July 12, 1976. This launch provided a new
definition to the retail warehouse marketing. The Price Family placed
the club inside the series of airplane hangars. This club was previously
owned by Howards Hughes (Costco.com, 2020). Since then, the
warehouse is in operation under the name of Costco. The first
warehouse operation under the name was launched on 1983 in Seattle
under the leadership of James Sinegal and Jeffrey H. Brotman. It was
in 1993, when Costco and Price Club merged their operations.
Similarity persisted in the business model and size (Costco.com, 2020).
Description of
the products
and services
offered
Choice and prime beef, organic foods, rotisserie chicken and wine
Values  Compliance with the laws
 Understanding and caring approach towards the members
 Respecting the views of the stakeholders and shareholders
Table: Brief summary of the organization, Costco
(Source: Costco.com, 2020)