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Leadership Strategies regarding Costco Company - Essay Example

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The paper endeavors to understand the pattern of leadership followed by the Chief Executive Officer of the Costco Company to gain the right competency in the international market. The study presents flexible leadership theory and application of flexible leadership in Costco’s operations…
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Leadership Strategies regarding Costco Company
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"Leadership Strategies regarding Costco Company"

Download file to see previous pages The performance parameters are interconnected based on the flexible leadership model to the human resources and innovation capabilities of the firm based on different situations tom render all round growth. This model thereby tends to gain a tradeoff between the different emerging situations and the performance and productive capability of the firm to help in meeting the changing needs of the different stakeholders and also in enhancing the productivity parameters. Henceforth the flexible leadership theory can also be regarded as a situational leadership model that helps the company to effectively adapt to the specific situations emerging in the external environment (Yukl and Lepsonger, n.d., p.2). . Application of Flexible Leadership in Costco’s Operations The paper would now focus on analyzing the potential to which Costco tends to operate based on the flexible leadership style as evaluated above. Firstly the company is found to operate based on the set up of large number of warehouses in the international market whereby it tends to render products to the consumers at seemingly affordable prices. This strategy of the company reflects that the organization largely follows the flexible leadership approach in meeting the growing needs of the consumers based in international regions. Further this practice also helps the company in enhancing on the dimensions of consumer loyalty. Secondly the company also works based on a centralized decision making approach such that the people working in the different warehouses and retail outlets based in international markets are tightly connected. This process helps in enhancing the administration potential of the concern in...
The paper would now focus on analyzing the potential to which Costco tends to operate based on the flexible leadership style as evaluated above. Firstly the company is found to operate based on the set up of large number of warehouses in the international market whereby it tends to render products to the consumers at seemingly affordable prices. This strategy of the company reflects that the organization largely follows the flexible leadership approach in meeting the growing needs of the consumers based in international regions. Further this practice also helps the company in enhancing on the dimensions of consumer loyalty. Secondly the company also works based on a centralized decision making approach such that the people working in the different warehouses and retail outlets based in international markets are tightly connected. This process helps in enhancing the administration potential of the concern in regards to controlling the performance and decision making activities of the people based along international regions to help drive business productivity. Thirdly the company also reflects conducting large amount of market research activities in the international markets to gain potential insight into the changing demand scenario and adjusts its performance parameters accordingly. The management of the company focuses on setting up right strategies to enter the different international markets bearing different characteristics. ...Download file to see next pagesRead More
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