Costco Research Paper
Southern States University
Principle of Management
Aline Campos
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 prices that are bellow general retail.
The concept of warehouse came from Price Club which was a warehouse that provided small business the opportunity to buy a limited variety of products at nine percent over wholesale. When the demand expanded they included retail customers to shop at their place as well. In 1983 Costco merged with Price Club and they opened their first store in Seattle and by the end of their second year in business they opened …show more content…
Jim Sinegal, is a son of a steelworker and he came a long way to be where he is today and has a very inspirational history. He was born on January 1, 1936 and was raised in a typical working class family. When he was younger his dream was to go to medical school and he applied for enrollment at San Diego College and after he finished his degree he enrolled in San Diego State University. To maintain himself through school years he applied for a job at Sol’s price newly expanded Fed-Mart and his tasks there were unpack mattresses as they arrived. At this job he discovered his passion for retail and within a few years he was promoted to a store manager which made him to quit school and dedicate himself full time to this position. After years of hard work he was the executive president of the chain. Fed Mart was a success but Jim was ready to move on and invest his experience in another project: …show more content…
He is doing a great job to balance employees, suppliers, members and shareholders’s interests. He likes to visit his warehouses very often, he spends forty weeks on the road to check out the performance of his stores. He believes that his role in the company is the same as each member of the organization and he is very humble and does not put himself on a pedestal to be above everybody else. His leadership is very authentic and has a strong connection with his employees and they genuinely like their boss. He answer his own phone and has an office with no walls which is very welcoming to every person of the company. He never forgot his roots, he started his retail experience unpacking mattresses and has strong working-class values.
Costco’s success is attribute to team work as well. Teamwork and mutual support are important characteristics of the company. They believe that if everyone works together and communicates with each other, the job gets done more quickly and productively. They believe if their employees are happy therefore their members will be happy
Principle of Management
Aline Campos
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 prices that are bellow general retail.
The concept of warehouse came from Price Club which was a warehouse that provided small business the opportunity to buy a limited variety of products at nine percent over wholesale. When the demand expanded they included retail customers to shop at their place as well. In 1983 Costco merged with Price Club and they opened their first store in Seattle and by the end of their second year in business they opened …show more content…
Jim Sinegal, is a son of a steelworker and he came a long way to be where he is today and has a very inspirational history. He was born on January 1, 1936 and was raised in a typical working class family. When he was younger his dream was to go to medical school and he applied for enrollment at San Diego College and after he finished his degree he enrolled in San Diego State University. To maintain himself through school years he applied for a job at Sol’s price newly expanded Fed-Mart and his tasks there were unpack mattresses as they arrived. At this job he discovered his passion for retail and within a few years he was promoted to a store manager which made him to quit school and dedicate himself full time to this position. After years of hard work he was the executive president of the chain. Fed Mart was a success but Jim was ready to move on and invest his experience in another project: …show more content…
He is doing a great job to balance employees, suppliers, members and shareholders’s interests. He likes to visit his warehouses very often, he spends forty weeks on the road to check out the performance of his stores. He believes that his role in the company is the same as each member of the organization and he is very humble and does not put himself on a pedestal to be above everybody else. His leadership is very authentic and has a strong connection with his employees and they genuinely like their boss. He answer his own phone and has an office with no walls which is very welcoming to every person of the company. He never forgot his roots, he started his retail experience unpacking mattresses and has strong working-class values.
Costco’s success is attribute to team work as well. Teamwork and mutual support are important characteristics of the company. They believe that if everyone works together and communicates with each other, the job gets done more quickly and productively. They believe if their employees are happy therefore their members will be happy