Personal Statement: Costco

They are performing very well from a strategic perspective. No, Costco does not enjoy a clear competitive advantage over Sam’s. It does however enjoy a competitive advantage over BJ’s. the nature of this competitive advantage includes the fact that BJ’s has too many products, which makes rapid turnover harder to achieve. I think that Costco has a winning strategy because they are selective with the

Pick two to three competencies from the listing for which you feel you are currently strong, and describe why you feel that way.

What do you bring to the position? What do you hope to gain from the position? *

Pick two to three competencies from the listing for which you feel you are currently strong, and describe why you feel that way.

1. Complete the ranking of “What’s Important on the Job” on page 4. Type the top three most important and three least important and relate how they fit or do not fit with your career choice.

3. In the ad, list the top 5 job activities/tasks and the top 5 job specifications for the professor position.

The current job specifications for the store manager position that is required, by most district managers, at CompTech is that the candidate being considered should have a MBA or at minimum three years’ experience as store manager. CompTech’s strategic objective is to meet customer requirements and expand their customer base, so I would also include strong customer service skills as a job specification. To validate the specifications that have been given I would look towards the job description initially and I would perform some

Costco does not have distributors or retailers to supply its products to the end users. They do, however, have reseller who buy their products for their business and sell to the end user. For example, Costco’s business membership offers tax-exempt purchases to restaurant and small grocery store owners; they then sell those purchased goods to the end user.

1. Do all three warehouse club rivals – Costco, Sam’s, and BJ’s Wholesale – have highly

Costco has a target market that it is trying to reach. The target market that it is trying to reach is usually a suburban group that is somewhat older and in the middle class. (knowthis.com) The target consumer is in the middle class because the membership costs about fifty-five dollars a year. Therefore, the member is typically financially stable to afford this yearly cost. Costco also targets businesses by offering a special membership called the business membership. The company appeals to many different people.

In 2010, Costco, Sam's Club and BJ's Wholesale Club were principle competitors in a nearly $125 billion discount warehouse and wholesale club industry. These companies dramatically changed the competitive landscape of retail by offering bargain-priced, broad selection merchandise to the masses through annual memberships. Major and local supermarkets, drugstores, department stores and the like have found it hard to compete with the substantially lower operating costs, advertising expenditures, overhead costs, and volume discounts offered by wholesale clubs. In addition, rapid inventory turnover affords wholesale discount clubs more cash on hand to finance higher percentages of inventory and secure better payment terms from suppliers than competing companies. Thus, chief competition has been within industry. All three warehouses employ a low-cost provider strategy; however, each has also developed ways of differentiating operating tactics and marketing strategies to improve the overall bottom line of the company.

Another important aspect is a limited selection of goods. Whereas Walmart or Target may have upwards of 150,000 items sold in their stores. Costco will have less than 4000. They also have their own private label which is only equal to 15% of what they carry in the stores, but it equals out to over 30% of their total sales currently. Another aspect of the product selection is that instead of buying many

Smart strategy allowed Costco by the end of 1993, to open its 100th store, including an international store in Canada, and boasted a 2 for 1 stock split and a 3 for 2 stock splits respectively. In 1993, the shareholders for both Costco and Price Company approved a merger, to create PriceCostco. The two companies, who were once competitors, were now merged and moving globally. By 1997, PriceCostco had opened stores in Essex, England, Seoul, Korea, and Taiwan, and were up to 200 in total. These stores were now setting up in-store Hearing Aid centers and gas station pumps in their parking lots. (HHC Publishing, 2010)

If you have noticed, most of the time we would go for a quick errand to buy necessities we would usually go to Wal-Mart, Sam 's Club, King Soopers, Safeway, Walgreens, or Costco. Of course, there are other retail markets out there, but we 're going to focus on the "two leading American retailers, posting more revenue than any of their rivals" (Bowman): Wal-Mart and Costco. For many years, Wal-mart has been growing instantaneously and is the number one retailer in the world for many years. Although, when it comes to employee benefits, Costco 's would be considered a better choice for employees. Costco may be treating employees better when it comes to

In this course, I’ve learned the appropriate audience, purpose, structure, and voice for a cover letter. A cover letter accompanies a resume and is written formally. It is used to convince the company that you are fit to be hired, and to introduce yourself to them. The audience of a cover letter is the manager of a business or company. The purpose is to introduce yourself to a potential employer and to highlight any relevant skills you possess. The structure of a cover letter includes your address, the date, the recipient’s address, and a salutation. The opening paragraph states why you’re writing, establishes a point of contact, and gives a brief introduction of yourself. The body paragraphs highlight some of the more important points from your resume. The closing paragraph should politely request an interview at the employer’s convenience. Identify what supplementary material’s being sent, such as a writing sample or a portfolio. The reader should be thanked for their consideration and you should indicate that you’re looking forward to hearing from them. There should be a complimentary closing followed by your name and signature. The voice of a cover letter should be polite, formal, and concise.