The problem addressed in this paper is the Costco's management style and how the business operates. The paper reveals the managerial functions including planning, organizing, leading as well as controlling performances of Costco in its global business operations…
Download full paperFile format: .doc, available for editing
Download file to see previous pages
This research will begin with the statement that managerial functions refer to a set of practices that can enable the organizations to successfully accomplish their predetermined business targets. The organizations of the present business world tend to highly focus on developing as well as designing effective and well-built managerial functions that can lead them towards sustaining in this competitive financial market. The managerial functions are regarded as the primary factors of an organization that incorporates a major set of practices like planning; organizing, leading as well as controlling that can lead them towards accomplishing their expected business goals. Costco is globally well-known for its extensive operations of retailing broad assortment of products for a different group of customers across the globe. The organization principally involves a membership warehouse facility that is dedicated to providing extensive collection of quality based merchandise to its global customers in a best possible price. Currently, Costco can be observed in more than hundreds of global locations with a wider range of merchandise, convenient specialty departments as well as elite membership services serving a different group of global customers. The managerial functions are regarded as the pivotal factors that significantly direct an organization to accomplish its broad array of business practices. According to the rapid development of the global business environment, the organizations seek to achieve better control of its range of activities to remain competitive....
te an effective set of managerial functions for the purpose of strengthening and developing its operational as well as managerial capabilities through designing effective set of planning, organizing, leading as well as controlling functions (Costco Wholesale Corporation, 2012). This can be better understood with the help of the following pictorial illustration. Source: (Daft & Lane, 2009) In relation to the business operations of Costco, it has been observed that the organization practices an effective set of managerial functions that enable the company to conveniently perform its wide range of activities by a considerable level. Planning Planning can be considered as the initial and major aspect of the managerial functions that perform by a particular organization. The phase highly involves unending course of functions that are set by the top hierarchical members of a specific organization (Lewis, Goodman, Fandt & Michlitsch, 2007). In relation to the present managerial functions of Costco, it can be identified that the top hierarchical members of the organization tends to make effective decisions in order to attain its expected business targets. In this regard, the decisions include setting any predetermined business goal, procedures along with policies and other plans to deliberately provide quality products or services to its potential customers. Moreover, the planning functions of the Costco also incorporate developing functional strategies and effective action plans that facilitates the organization to attract the customers by a greater extent (Costco Wholesale Corporation, 2011). In addition, the planning function of the organization also engages different marketing and promotional functions concerning warehouse opening, direct mailing to the new members along
...Download file to see next pagesRead More
Cite this document
(“Costco's Management Style and How the Business Operates Research Paper”, n.d.)
Retrieved de https://studentshare.org/management/1470964-costco-s-management-style-and-how-the-business
(Costco'S Management Style and How the Business Operates Research Paper)
“Costco'S Management Style and How the Business Operates Research Paper”, n.d. https://studentshare.org/management/1470964-costco-s-management-style-and-how-the-business.
Research Plan This essay will examine the similar elements between Los Angeles Noir, specifically its articulation in Michael Connelly’s Mulholland Drive, and the Southern California 1990s development of ‘gangsta rap’ as demonstrated in the music of artists such as Dr.
This is reiterated by Duin and Baer (2010, p.35), who state that Google’s “increasing prominence is a direct result of shared leadership”, which is shared an opportunity with millions of users who click through to access the company’s latest applications and resources.
The price of the coffee cannot prevent the coffee lovers from availing the stores. It offers an unbeatable environment to the customers which are much appreciated by them. The friendly staffs are always at the customers’ service whenever they are in need of something.
The broad objectives for which the research was conducted by distributing a questionnaire distributed to the employees of GG who witnessed the dispute and were employees during and after the dispute and the settlement thereof are:
The sample size was selected at 5 percent of the 881 employees working for GG during and after the dispute in 2005.
perceived as effective from generalised perspective, Hurricane Katrina proved that such system of dual government is a big disadvantage for the prompt responses required to be taken by the security departments at the time of the natural calamities. Based on similar grounds, it
The style also supports techniques that enable the systematic pursuit of functionality and beauty. The Japanese multinational founded by Akio Morita and Masaru Ibuka. One of Sony’s outstanding and innovative products is the Walkman. Sony’s competency
5 Pages(1250 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"Costco's Management Style and How the Business Operates"
with a personal 20% discount.