There is a need for any profit-making company to have organizational measures if the business is to run smoothly and make good profits. The organizational aspect of a company tends to incorporate a business plan which keeps the company or firm on track. In a business plan is important to have an outline of the main obligation for every stakeholder in the business. In such a case, any given company will be able to determine all the duties that have to be performed and at what time they should be performed. It is also important for one to have a well-stated Mission and Vision whenever starting a business. This paper hence discusses the analysis of Costco Wholesale Corporation in terms of management.
The management operations in a business are very important because they play a very big role in ensuring that the business objectives and goals of the business have been successfully obtained. For instance, it is quite necessary to have good management structures and operations within any given business organization that is what shall promote performance within the given organization. In that case, there has been the need for different organizations to effectively adopt a number of measures that shall be useful in promoting performance in the business. In that case, the basic approach which can be greatly useful is through the adoption of managerial skills, leadership, mentoring, and encouraging of cohesive groups. This shall make it possible to have better performance with the business (Miler & Paulson 46). The human aspect has to be encouraged, and hence the need of integrating the human resources which are capable of elevating the human output to a totally new level of performance (Miler & Paulson 47).
Costco – Join the Club
This has been a selling strategy for this company which has been seeing it being able to achieve a greater deal of performance and achievement of the greatest profits. This has been done by having all people being encouraged. This has been done by having more and more individuals being encouraged in the practice. More and more people and players have been encouraged in this corporation in order to promote performance (Miler & Paulson 77). While doing so, more and more strategies have been adopted thus making it possible for the organization to achieve a great deal of performance. This company is hence known to be the world’s leading leader in supplying all necessary networking equipment to the clients. It is also leading in the pack especially when it comes to business culture and ethics. It is ranked high among the best and friendly corporate organizations in the American continent. The company reflects a workforce that is extremely united and practicing very strong business values as well as maximum commitment in the maintenance of high business standards and operations (Miler & Paulson 48).
James Sinegal, The Conscience of a Corporation
his concept created a big change in the code of ethics throughout the business operations of the company. Such a move saw the company winning much praise and also winning a number of Business Awards on the American Continent. This saw the company getting the Stevie Award due to its good ethics and business conduct. In 2007 the company partnered again to re-design the Business’ Code of Conduct, and this also saw the company winning another award (Miler & Paulson 65). Through its deliverance of customized and effective ethics practices in the company, there have been increased transformations in terms of business integrity and culture. In the company, employees are not only aware of the importance of business ethics but are also very close in line with the virtues and values of the company. This has hence been seeing the company do well in most of its business operations. Sinegal was hence keen on ensuring that the conscience of the organization was what would promote performance in the organization (Miler & Paulson 55).
Costco Turns 500
For over fifty years, this company has been able to grow from a single business to a very big business which has been able to achieve a lot of operations and performances. This kind of approach has been necessary due to the fact that all the operations and processes which have been done in the organization have been able to promote a dynamic development and the reason today the company has been proud of very many years in its business. Today, it is something worth noting that the company has been able to mark over fifty years hence being able to be one of the best performing organizations in the history of the world.
Costco’s Generous Pay Yields Generous Profits
As we have seen, there is the need for any profit-making company to have organizational measures if the business is to run smoothly and make good profits. The organizational aspect of a company tends to incorporate a business plan which keeps the company or firm on track. In a business plan is important to have an outline of the main obligation for every stakeholder in the business. In such a case, any given company will be able to determine all the duties that have to be performed and at what time they should be performed. It is also important for one to have a well-stated Mission and Vision whenever starting a business. This has been the approach that has been adopted in the corporation thus making it possible to achieve a great deal of performance that outdoes all the other business organizations in the country (Miler & Paulson 47).
Providing Leadership In Bulk
In order to improve services to channel partners, this company has introduced tools and advanced programs that are aimed at supporting effective data transfer solutions to small businesses and medium-scale customers. Some of these tools include the Express Configuration Kits used to speed up deployment and configuration of connection into a fully-converged home or office data transfer technology. The systems also facilitate remote reporting, monitoring, and predicting the health of every customer’s network connection. Many programs integrate quotation tools meant for ordering bundles and also managing financial resources for the successful implementation of totally converged solutions in the connections of a given customer (Miler & Paulson 48). All the above have been achieved through the adoption of leadership skills and patterns which have ensured the achievement of plenty of profits. In any given business, the management processes should be able to come up with leadership procedures that have the capability of promoting performance. This is what has seen the organization being able to achieve a great deal of performance (Miler & Paulson 55).
Costco’s whopper of a fish tale.
During any kind of operation towards positive business performance, there is a great need of coming up with adequate structures and performances which make it possible to have a good business environment for a company. In that case, all elements towards better business achievements have to be incorporated, and these include things such as enhancement and promotion of globalization, encouraging diversity in the business, promoting ethical performances in the business, and as well incorporating adequate social responsibility. The ethical elements within a given business are very vital and hence the major reason why this company, Costco Wholesale Corporation, has been able to achieve a great deal of performance and operations which promotes overall business performances (Miler & Paulson 46).
At Costco Wholesale Corporation, there has been the embracement of positive leadership patterns and skills which have been functioning positively towards better performance and realization for profits in the company which has been supplying a lot of materials in bulk from different companies and being able to deliver effective services for the clients. This has been seeing the company being able to promote performance and reaching many clients in different parts of its operation zones. While doing that, there has been a great need of encouraging leadership and motivation in the business hence placing it in a better position of being able to achieve a greater deal of operations which promotes the number of profits gained in the business.
Leadership shall be agreed to be the rightful key and the process at which someone can influence another in order to accomplish a stated task or objective (Miler & Paulson 87). This has been adequately incorporated within the business operations of Costco Wholesale Corporation. The leader here will direct an organization on its right track hence predicting growth in the firm or the institution. A professional leader carries out this duty by applying all the basic attributes of leadership. The major leadership skills and attributes that have been greatly noted to be effective in the Costco Wholesale Corporation business have been including ethical values, moral values, beliefs, application of appropriate knowledge, and achievement of skills and good character with all the individuals within the business. Despite the fact that the position of a given manager or a supervisor gives him the authority of accomplishing a given objective in the company or organization, such ability cannot necessarily make him a leader. This simply places him on top like a boss and not a leader. Leadership has hence been noted to be effective since it promotes mentoring thus making it possible to achieve better performances with the business (Miler & Paulson 65).
At Costco Wholesale Corporation Business, there has been the application of well-designed leadership which is a key part in influencing the company’s employees and motivating them to realize all its and objectives and as well be able to attract many players in the organization. Leadership shall hence be noted as an aspect that has the capability of playing a big role in any organization’s performance (Miler & Paulson 66).
Such a leadership approach has been making it possible for the business to achieve better performance. Another important reason to have strong kind leadership in Costco Wholesale Corporation has been in effecting communication across all the operations of the firm. Leadership is therefore seen as a critical aspect that will help improve the performance of any given organization. Other key areas addressed at Costco Wholesale Corporation include helping the employees and clients to understand some of the major business strategies of Costco Wholesale Corporation. The leadership in Costco Wholesale Corporation has also been facilitating information sharing among the different levels of management and the employees hence playing a very big role in making sure that the company shall be able to achieve its overall or ultimate goal (Miler & Paulson 72).
It is important to have teams and groups in a company if its operations are to be run smoothly. Such teams or groups facilitate effective delegation of duties hence resulting in the company’s achievement. Costco Wholesale Corporation has therefore integrated these groups and teams in its operation mission. The top management believes that the use of such teams will improve the way customers are served in the company and achieve a marketplace transition. It was in January of this year when the firm announced a number of management changes that would change the organizational structure of the company (Miler & Paulson 83).
There have been cohesion and motivation of groups in the firm that has been helping in technological systems and adoption of new methods towards performance. Some groups formed following the company’s transition from the original three teams of operation. Different teams in operations within the selling processes have been encouraged which has been making it possible to achieve positive development. Now the newly created eleven groups in the company have been able to allow the firm to effectively be focused much on the company’s success. At Costco Wholesale Corporation, management is basically achieved through a hierarchy of administration which enables smooth running of the business operations and encouraging positive relationships with the clients and other customers for the business (Miler & Paulson 46). This hierarchy entails a top seat which is held by the Chief Executive Officer.
Current Performance and Recommendations
It shall be something necessary that we come to a common agreement that there has been a great deal of performance and better operations in this organization which has been seeing it being able to achieve better performances (Miler & Paulson 93). To begin with, in order to ensure that all the operations in the business have been done positively, there has been the provision of human resources mechanisms which have been making it possible for different individuals in the business to be able to function positively thus making it possible for the business to achieve its goals (Miler & Paulson 109). Just to mention, the majority of the operations that have been done in this organization have been done in a very positive manner which has been able to promote performance. This has been the major reason why Costco Wholesale Corporation has been able to achieve a larger percentage of clients and customers (Miler & Paulson 94).
However, it has been necessary to note that there have been some weaknesses which have been noted in the company. For instance, motivation has not been done effectively and hence it would be necessary that a great deal of management operations is integrated to promote performance. There should also be ways of encouraging cohesive groups which might not have been greatly considered in this organization (Miler & Paulson 96). This kind of approach shall see different organizations which are a part of Costco Wholesale Corporation being able to adopt such cohesive approaches which promote the performance of the business. It is also very necessary to come up with ways through which different individuals shall be encouraged in the operations of Costco Wholesale Corporation. This can be achieved by the provision of promotions and presents which make sure that more and more participants have been encouraged. This shall be a sure way towards improving performance and seeing more individuals engaged in the business functions (Miler & Paulson 101).
There has also been a problem of decision making which has been seeing a number of employees in the lower levels of the business not being involved in the making of decisions in the organization. In that case, there should be ways of involving all the players in the organization. This will make it possible to come up with major decisions which are quite positive and ensuring that operations in the business have been done in a much positive manner. While all these proposals have been encouraged in Costco Wholesale Corporation, it will be very possible to have proper measures which shall promote business functioning and see Costco Wholesale Corporation being able to achieve a great deal of performance, which attracts more and more clients and associates into the business. This holds the key to the future success of this company (Miler & Paulson 46).
Costco Wholesale Corporation is a business company that has been able to achieve a great deal of performance due to the integration of all the values that have been discussed above. In that case, it would be necessary to come up with ways of adopting the suggestions and recommendations which have been indicated in the paper for Costco Wholesale Corporation so that it can be able to achieve a great deal of performance. This has to also involve the integration of human resource departments and all other structures of management (Miler & Paulson 46). This should also be done in a positive manner that integrates all the managerial aspects as noted in the paper. This holds the future for Costco Wholesale Corporation (Miler & Paulson 46). Therefore, there is the need for any profit-making company to have organizational measures if the business is to run smoothly and make good profits. The organizational aspect of a company tends to incorporate a business plan which keeps the company or firm on track. In a business plan is important to have an outline of the main obligation for every stakeholder in the business. In such a case, any given company will be able to determine all the duties that have to be performed and at what time they should be performed. It is also important for one to have a well-stated Mission and Vision whenever starting a business. This paper has hence been able to discuss the analysis of Costco Wholesale Corporation in terms of management.
Miler, Peter and Paulson, Eric. Inside Costco Wholesale Corporation: the real story of sustained M & A growth. New Jersey: Wiley, 2009.