Southern States University
Principle of Management
Costco was founded by James (Jim) Sinegal and his partner in business Jeffrey H. Brotman, on September 15, 1983. Costco is a warehouse that offers food, clothes, appliances, office supplies and other supplies at...
increased profits. The following case study will assess Costco operations as they apply to FLT.
Flexible Leadership Theory and Costco
Jim Sinegal co-founder and CEO of Costco has a proven track record showing that FTE can lead to the success of an organization. As an upper-echelon leader, he...
Do you think Jim Sinegal is an effective CEO? What grades would you give him in leading the process of crafting and executing Costco’s strategy? What support can you offer for these grades? Refer to Figure 2.1 in Chapter 2 in developing your answers.
Jim Sinegal isn't a typical corporate...
Costco uses various communication strategy tactics to win the trust and acceptance of their employees, board members, and customers. According to Jim Sinegal, the Company's President and Chief Executive Officer, "Costco is able to offer lower prices and better values by eliminating virtually all the frills...
be offered the next time a member visits Costco. Therefore, customers are allured to buy these items at an irresistible price.
Do you think Jim Sinegal is an effective CEO? What grades would you give him in leading the process of crafting and executing Costco’s strategy? What support can you offer...
average employee at Costco, was 12%, which was considerable lower than the industry average (Ruggeri 2009). (REQUIRE MORE STATISTICS)
For instance, Sinegal explains that many managers started out at 19-20 years of age and have been employed by Costco for at least 10 years (Staff 2012).
. It appears as...
“treasure-hunt merchandising”, or high-end products acquired in closeouts and liquidations. This approach works well with the company’s target market CEO Sinegal signaled that he intends to keep this strategy during his tenure, arguing that low price, high value products are precisely what it takes to achieve...
has emerged and a feeling of confidence became eminent. Leaders really can be effective leaders and run a very productive company as shown by Jim Sinegal who is CEO of Costco. His outlook on the company is very inspiring and motivating for those reading the case study.
In looking for more information...