Process of crafting and executing costco strategy

Assignment Help Operation Management

Reference no: EM132273204

Do you think Jim Sinegal was an effective CEO? What grades would you give him in leading the process of crafting and executing Costco’s strategy? What support can you offer for these grades?

Students should refer to Figure 2.1 in Chapter 2 to develop answers to this question.

Select “yes” for the statements that describe Jim Sinegal’s leadership and choose “no” for those statements that are not accurate of his effectiveness as a CEO.

a. Jim Sinegal set forth a clear and well-defined strategic path for the company to follow.

b. Jim Sinegal had savvy merchandising skills and orchestrated the company’s effective strategy to create a “treasure hunt” atmosphere in the stores, to keep prices ultralow, and to build a high volume of store traffic that promotes rapid inventory turnover

c. Jim Sinegal would receive a grade of “B” for his effectiveness as a CEO. His approaches were aggressive, which made him intimidating to store managers.

d. Jim Sinegal was the driving force behind the company’s ability to achieve annual sales volume of close to $130 million annually per store.

e. Jim Sinegal would receive a grade of “A” for the job he did in leading the strategy-making process at Costco.

f. A weakness of Jim Sinegal was his focus on making decisions without consulting with other executive senior level leaders.

Reference no: EM132273204

Questions Cloud

Role assumptions play in the decision-making process : Discuss the role assumptions play in the decision-making process, and explain where information for developing assumptions originates.

Role of innovation in the strategic management process : Discuss the role of innovation in the strategic management process.

Sells delicious navajo tacos in the crossroads food court : Four Corners is an IBC company that sells delicious Navajo tacos in the Crossroads Food Court.

Identify an innovation in lululemon athletica : Identify an innovation in Lululemon Athletica, and argue why it is an innovation and not just a revision.

Process of crafting and executing costco strategy : Do you think Jim Sinegal was an effective CEO? What grades would you give him in leading the process of crafting and executing Costco’s strategy?

Just-in-time production implies : Just-in-Time production implies: That products will be pulled through the operations system to meet customer demand.

The supply chain side of many organization : Explain why ERP plays a very important role in the supply chain side of many organization such as SAP, Oracle, PeopleSoft, and JD Edwards.

Book trust and betrayal in the workplace : As Drs. Dennis S. Reina and Michelle L. Reina explained in their book Trust and Betrayal in the Workplace, "Some leaders assume.

What were the implications of the case for the food business : Explain the concept of Duty of Care and how it relates to the case Liebeck v. McDonald’s. What were the implications of the case for the food business.

User Account

All Pages