Costco Wholesale Corporation Essay Example | Topics and Well Written Essays - 2250 words

Costco wholesale Corporation - Essay ExampleAs the discussion highlights even in the uncertain economic fix of 2010, Costcos sales was 76.3 billion USD which was 9% more compared to 2009 (69.9 billion USD). Costco had tackled the recent financial crisis very efficaciously and had strong financial position at that time. The case will analyze the effectiveness of Costcos schema in achieving huge success in the sell industry. Because of the effective strategy, at present Costco has become wholeness of the leading players and a strong competitor in the market of the USA. The basic assumption of this case regard is to evaluate if the strategy of Costco is operative or not.From this paper it is clear that Costco has unique business model as compared to other competitors and it endeavors to bring on certain new aspects in the retail field. The wholesale risk-taking capability has unceasingly reinvented Costco and provided the organization a competitive advantage. By the durable pers everance on the highest superiority to earn revenue, Costco has for certain gained the faith of the associates. The faith and status of Costco has permitted the company to enlarge its business. Besides, the wholesale consumer products have also contributed to the success of Costco. Costcos business model was made on the basis of minimizing the costs and improving the care for the customers and employees .Immigrant Perspective Costco constantly tries to stay positive towards the cultural perception by incessantly viewing and grabbing opportunities which are ignored by other organizations. At times, other organizations are reluctant to grab those opportunities when the market condition is not in favor of them.Circular Visualization Costco had visualized the economic recession and was aware about the changes in retail sector. When Wal-Marts cost leadership strategy forced numerous retail companies to make business relationships, Costcos circular visualization had helped the company t o reorganize a new retail distribution channel.