Costco Swot Analysis Essay

Target corporation has many different location-related decisions to process in more than one aspect. The company must decide on the location of its retail stores, manufactures, and support help. Often the decision to outsource or participate in offshoring can be tempting to a company. Well the impact of outsourcing and offshoring must be examined to ensure that the decision is in the best interest of the company.

The introduction of Costco, an extremely large business to a semi rural area will have both pros and cons for not only the area but also Costco itself. These issues include • Political Implications • Environmental Implications • Social implications • Technological Implications • Legal Implications • Economic Implications Political – Political implications on the local community would obviously include legislation and regulation. For example the products they are able to sell and also the local politicians will campaign for or against it. The government controls the sale of certain products; this means that for Costco to want to sell particular products such as alcohol there is legislation that they must abide by. Costco will also have to

In Costco’s macro-environment, a variety of factors could affect the company’s economic viability. External factors such as inflation, foreign currency exchange rates, levels of unemployment, reduced consumer confidence, and changes in tax policies could unfavorably affect the demand for Costco’s products and services. Prices of some goods and services including food products, are often variant and subject to fluctuations deriving from changes in domestic and foreign supply and demand, competition, taxes, labor costs, or delays in delivery which could significantly affect Costco’s sales. Therefore, the product’s costs and selling could also increase affecting financial results. Other important economic factors include the increasing international

Costco sell low prices products at a very high volume. The products are bulk packaged and they sell it businesses and large families. Costco does not have varieties or different brands when the product is the same except when it has a house brand to sell it. These results of sales in a high volume from just one seller allow them to reduce the price, and reduce the costs of marketing. If the directors of Costco think that a product wholesale price is too high, they will refuse to supply the item.

Communities Wal-Mart is popular among most individuals for working hand in hand with the community in the attempt of providing them with quality goods and services as well as improving their living standards. Statistics shows that the enterprise works with more than 10000 neighborhoods around the world to improve the quality of life of these community members through building local strengths and addressing local issues. Some of the programs that the company undertakes at the community level include: a) Empowering facility managers and Wal-Mart associates to directly sponsor local nonprofit and institutions in need b) Encourage investment in local causes c) Create, develop and engaging Wal-Mart customers in local charitable activities

A bigger problem is that Costco’s primary market of upper middle-class suburbanites is aging out, and their kids are moving into smaller city dwellings, often without cars. The same efficient marketplace that led to its success is killing the sales and middle management jobs it needs to keep selling.

Best Buy’s Threats • A delivery service of the electronic devices reduced coming to the store • Extensive discounts are provided by the online or in-store competitors • Saving the customers trip by shopping online rather than coming to the store • Good reputation of the online store through providing lower prices • Comparing different types of products whether online or in-store before making a purchase

Introduction: The following is a situation analysis for Costco Wholesale Corp. Key issues are noted, and recommendation is provided. Current Situation: The discount membership concept was pioneered by Sol Price, who opened the Price Club in 1976. Jim Senegal got his start in retail working at Price Club at the early age of 18 loading mattresses.

Professional ethics on interior industry What is ethics? Ethics is moral principles that represent a man 's conduct or the directing an action the branch of information that arrangements with moral principles. As a designer we have a responsibility to, public, client, other designers & colleagues, association and interior design profession employee and our self as well. SLIID (Sri Lanka institute of interior design) has set a “code of conduct” principals for interior designers to follow. As interior designers member of SLIID we are bound to ‘code of conduct’.

Introduction The following strategic analysis report was carried out for Giant Hypermarket in Malaysia. Giant Hypermarket also popularly known as “Giant” is a subsidiary of Dairy Farm International. The objectives of the study is to advise the Board of Directors into a possibility to revisit and redesign the current business strategy based on the blue ocean strategy (Kim and Mauborgne, 2005) to provide value based innovation via cost reduction with increased value for buyers and to ensure sustainable business operation in Malaysia. Additionally, the analysis also includes the possibility of developing a global strategy for Giant.