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by: leah wakeman tiffany king carrie dotson

What does Costco do?. Provides and sells a wide array of quality products and services to its members at lowest price possible. Where are They Globally?. Puerto RicoUnited KingdomJapanSouth KoreaMexicoCanadaTaiwanUnited States. Market Factors. Costco looks at many variables

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by: leah wakeman tiffany king carrie dotson

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    1. By: Leah Wakeman Tiffany King Carrie Dotson

    2. What does Costco do? Provides and sells a wide array of quality products and services to its members at lowest price possible

    3. Where are They Globally? Puerto Rico United Kingdom Japan South Korea Mexico Canada Taiwan United States

    4. Market Factors Costco looks at many variables… Political Economic Stability Purchasing Power Four elements Right place Right location Right products Right prices

    5. Puerto Rico / Canada Puerto Rico Part of U.S. Puerto Rico and U.S. Regulations / laws Culture Values Personal space non-existent Interrupting common Canada Diverse ethnic culture Diverse products Bilingual packaging

    6. United Kingdom / Japan United Kingdom Considered takeover and discount threat Rename of items Value… Team work Punctuality Japan Lack of acreage Buildings with more than one floor Long term negotiators Value social activities

    7. South Korea / Mexico South Korea Lack of acreage Product difference Live fish Mexico Value… Family Hierarchal structure Heritage (architecture, etc)

    8. Strengths / Weaknesses Strengths Diverse products and services Diverse target market Marketing strategy Weaknesses Concentration in California Relaxed quality control Weak compliance system

    9. Opportunities / Threats Opportunities Demand of private label Online shopping Expand market presence Threats Increase in competitors Low consumer confidence Legal accusations

    10. Human Resource Policies The theme found in each of Costco’s Code of Ethics Obey the Law Take Care of Our Members Take Care of Our Employees Respect Our Suppliers Reward Our Shareholders Take Care of Our Employees Avg. Wage 14 benefit programs Low Turnover The Anti-Walmart

    11. Cultural Integration & Market Adaptation Cuernavaca, Mexico The City Casino de la Selva The Purchase The Review The Trees The Murals The Gelman Collection What does this Story show?

    12. Costco’s Growth Costco first opened it’s doors in Seattle, WA 1983! 544 Stores worldwide 143,000+ employees worldwide

    13. Costco’s Global Strategies Advertisement Low Overhead drives down costs Relations with Suppliers Relations with Consumers “Treasure Hunt Atmosphere” Quality

    14. Organizational Design Costco’s Business Model:

    15. Organizational Design Jim Murphy, the senior vice president of international operations, says that, “Exporting Costco’s philosophy of quality and value requires four elements: the right people, the right location and the right products at the right price.”

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