[Solved] Can you answer the following questions ? In the textbook, read... | CliffsNotes (2024)

Can you answer the following questions ?

In the textbook, read "Case 3: Costco Wholesale in 2020: Mission, Business Model, and Strategy". Consider how PESTEL and 5 Force can be used to assess Costco. Please refer to the book for case analysis - Thompson, Arthur A., A. J. Strickland, and John E. Gamble "Crafting and Executing Strategy: Concepts & Cases" 23rd Edition, McGraw-Hill Higher Education, 2022.

1. What are the chief elements of Costco's strategy? How good is the strategy?

2. Do you think Jim Sinegal was an effective CEO? What grade would you give him in leading the process of crafting and executing Costco's strategy? How well is Craig Jelinek performing as Sinegal's successor; what grade would you give him so far in leading the process of crafting and executing strategy? What support can you offer for these grades? Refer to Figure 2.1 in Chapter 2 in developing your answers.

3. What core values or business principles did Jim Sinegal stress at Costco?

4. How well is Costco performing from a financial perspective? Do some number-crunching using the data in case Exhibit 1 to support your answer. Use the financial ratios presented in Table 4.1 of Chapter 4 to help you diagnose Costco's financial performance.

5.How well is Costco performing from a strategic perspective? Does Costco enjoy a competitive advantage over Sam's Club? Over BJ's Wholesale? If so, what is the nature of its competitive advantage? Does Costco have a winning strategy? Why or why not?

6.What recommendations would you make to Costco top management regarding how best to sustain the company's growth and improve its financial performance?

Use direct quotations from the work to illustrate important ideas. Include a reference page with the article information.