[SOLVED] The retail giant Costco Wholesale

[SOLVED] The retail giant Costco Wholesale

Porters 5 Forces Model VoiceThread

VoiceThread Assignment 1

(Week 1)

  1. Watch the YouTube Video
  2. Study the 5 Forces Model Diagram on the last slide
  3. All commenting must be done on the last slide

 

The retail giant Costco Wholesale has dramatically changed the traditional way retail operations are operated. Costco’s transformative business style has led other competitors to reevaluate their long-standing and somewhat outdated ways of doing business. This has also had a significant impact on the behavior of the buyers of their products and services. Costco has undoubtedly been a disruptive force in retailing and has set the stage for other businesses to copy their successful formula. In addition to creating an innovative business model, Costco successfully marketed its brand by translating its vision into a practical reality. They also have leveraged technology in their business processes to streamline operations and gain a competitive advantage.

Please research and answer the following questions to generate a thoughtful discussion:

  • Explain why it is essential for Costco’s corporate accounting, marketing, and operations management business units to access and analyze information about individual store sales.
  • Explain how systems thinking supports business operations and how MIS solves the issue with information silos throughout Costco’s entire worldwide organization.
  • Only members of Costco can purchase products at Costco. Which of Porter’s Five Forces did Costco address through the introduction of its members-only program?
  • How is Costco addressing the other Porter forces?
  • Which of the three generic strategies is Costco following? What is their rationale for pursuing this strategy?
  • Explain why competitive advantage can only be temporary

Your first comment must be a video comment and be up to 5 minutes; while fully explaining your responses. Please reply to your video comment with a text comment, which will have the full hyperlink (s) you used to support your research? (Due:  Saturday, June 4).

 

A second comment should be made using a microphone (or video) and reply to a classmate.  Your analysis should “add value” to the discussion and not merely repeat your classmate’s response or only tell them what a great job they did or leave questions for them.

Your reply comment should be no more than 5 minutes and completed no later than Sunday (June 5).  Don’t wait till the last day/hour to submit as these comments generally are rushed and do not earn good grades. When replying to a student, please mention their name.   Check and correct your closed captions (especially for classmates’ names and terms!).

 

Review the additional attached document included in the assignment of the requirements and checklist.


Are you overwhelmed by your class schedule and need help completing this assignment? You deserve the best professional and plagiarism-free writing services. Allow us to take the weight off your shoulders by clicking this button.

Get help

Who Will Write your Paper

Writer avatar
Tutor_Charles

Rating: 4.9/5    Reviews 377

Success rate 98%

Completed projects: 545

I am an experienced writer offering professional services across diverse fields. I provide quality work with strict adherence to the deadline.

Writer avatar
Tutor_Dr. Edith

Rating: 4.8/5    Reviews 381

Success rate 97%

Completed projects: 490

I am an experienced writer with great research and analytical skills. Original quality paper and on-time delivery are guaranteed. Let's do this!

Writer avatar
Tutor_Dr.Judy

Rating: 4.7/5    Reviews 316

Success rate 97%

Completed projects: 398

I am a professional writer with more than 8 years of experience. My mission is to provide you with high-quality paper in a timely fashion.

Writer avatar
Tutor_Ian

Rating: 4.8/5    Reviews 371

Success rate 100%

Completed projects: 432

Hi, I deliver quality papers on time following all the instructions provided. Client's satisfaction is my priority. Welcome for plagiarism-free papers.

Writer avatar
Tutor_Prof. Allan

Rating: 4.8/5    Reviews 400

Success rate 98%

Completed projects: 487

With over half a decade of academic experience, I'm committed both to efficiency and punctuality. If it's quality you're looking for, then I'm here to provide!

Writer avatar
Tutor_Prof. Gabie

Rating: 4.9/5    Reviews 447

Success rate 96%

Completed projects: 546

A quality-driven, skilled writer with over 5 years of experience in various disciplines. I deliver plagiarism-free papers and content of impeccable quality, always original and always before the deadline!

Writer avatar
Tutor_Sarah

Rating: 4.9/5    Reviews 427

Success rate 99%

Completed projects: 567

I have been a full-time freelance researcher and writer for a period of over 6 years. I have successfully completed over 1000 projects and assignments. I have had a good professional relationship with my clients. Try me today!

Writer avatar
Tutor_Stella

Rating: 4.9/5    Reviews 305

Success rate 98%

Completed projects: 404

I am a proficient writer with knowledge across a wide range of academic disciplines. I guarantee quality, timely and original content.

Writer avatar
Tutor_SylviaYoung

Rating: /5    Reviews 419

Success rate 96%

Completed projects: 506

Hi, count on me to deliver quality and exemplary papers. I will pay attention to all your instructions, and meet all your expectations.