Nice Guys Can Finish First : The Success Story Of Jim Sinegal

Though I’ve only been with Costco for two years, I’ve had the opportunity to work with different leadership and management styles during my time here. Though this has helped me develop my

This report completed by observation of how management works and what type of leadership in the costa coffee shops in the UK, the establishment based on chain of coffee shops around the country and has many employees who comes from different background and walks of life which represent Cost company as a rich culture to attract many customers to increase their revenue.

Promote From Within: “Promote From Within” strategy is promoted by Jim Sinegal, the founder of Costco. Costco does not hire business school graduates but cultivate employees who

Costco Wholesale club is the second largest retailer in the United States. It is a $42.5 billion company that operates wholesale club stores in seven countries across western Europe, North America, and Asia Pacific.

In my understanding of the case study one the CEO Jim Sinegal has proven to be an effective CEO. I would give Mr. Sinegal a “B+” in overall strategic Management Process. In developing a strategic vision he has visualized who, what, and how he is going to sell Costco products. The managements vision is to have rapid inventory turn-over, with operating efficiencies by volume purchasing, efficient distribution, reduce handling of merchandise in no-frill, self-service warehouse facilities. This will enable the company to operate at lower price then their rivals and continually offer members lost cost merchandise.

Wal-Mart evolved from Sam Walton’s purpose for great price and great consumer service. “Mr. Sam,” as he was known, believed in management through service. The principle that true leadership depends on willing service was the standard on which Wal-Mart was built, and drove the choices the business has made for the past 50 years. So much of Wal-Mart’s past is attached to the story of Sam Walton himself, and so much of our future will be deep-rooted in Mr. Sam’s principles. Sam's rivals thought his plan for a thriving business couldn’t be built around low prices and great service. As it happened, the company's achievement went beyond even Sam's hopes. The company went public in 1970, and the profits funded a steady growth of the business. Sam recognized the rapid increase of Wal-Mart not just to the low prices that fascinated consumers, but also to his staff of workers. He depended on them to give customers the great buying experience that would

Market Basket opened the first store in Lowell, Massachusetts in 1916, and almost one hundred years later, the family owned and operated company has expanded its chain to seventy one supermarkets across Massachusetts, New Hampshire, and Maine. By all accounts, the grocery store chain has been very successful, generating four billion dollars in revenue in 2012, and making a profit of over 200 million. (Kohn, S. 8/1/2014 Market Basket Workers are Right; Retrieved from: www.wcvb.com) However, a change in leadership has brought on a temporary demise of the company, providing evidence that a great leader is the backbone upon which an organization thrives.

THE ORGANIZATIONAL BEHAVIOR OF FOOD RETAILER TRADER JOE’S IS UNIQUE IN MANY WAYS. FROM OWNER, JOE COULOMBE, TO A STORE CLERK, THEY ALL HAVE THE SAME VISION IN MIND- TO SET THEMSELVES APART FROM THE REST. NOT FALLING INTO STEREOTYPICAL FOOD CHAINS, TRADER JOE’S DOES BUSINESS THEIR WAY. THIS MAKES THEM PERFECT AT BEING THEM. FROM INTERVIEW QUESTIONS TO JOB DESIGN, THEY ARE NOT YOUR STANDARD FOOD MARKET. THE SOCIAL CAPITAL IN WHICH MANAGEMENT IS CHOSEN, TO THE STORE’S ATMOSPHERE AND POSITIVE REINFORCEMENT FOR ALL EMPLOYEES ARE HAVE A PROVEN TRACK RECORD OF SUCCESS. ADDED WITH IMPECCABLE CUSTOMER SERVICE, THE ORGANIZATIONAL BEHAVIOR OF

What recommendations would you make to Jim Sinegal regarding the actions that Costco management needs to take to sustain the company’s growth and improve its financial performance?

Giant Eagle is a large grocery and convenience store chain in Western Pennsylvania, Ohio, Eastern Indiana, Northern West Virginia, and Northwest Maryland. • The organizational culture – About a decade ago, Laura Karet, CEO, began setting the “Virtuous Circle” and the “Core Values” cultures in place. The Virtuous Circle theory is that by taking cost out of the overhead and using it to reduce prices, that would increase volume of sales and thus profits, which could then be reinvested into the employees and shareholders. By conducting multiple progress meetings that demonstrated how various process improvements were impacting the Virtuous Circle, she could gain acceptance and increased participation in the new program. team members could see

As a successful Fortune Fifty company, Lowe’s depends on great leaders to help the organization achieve its financial and organizational goals, motivate its extensive workforce, and build a culture where employees share and cultivate the purpose of the organization. While many great leaders, including Wheatley, Cashman, Peters, and others have written on the subject of leadership, the success of Lowe’s Companies has demonstrated that since 1946, it has been the home of many great leaders. By interviewing recognized leaders in key positions at Lowe’s, I hope to learn several valuable aspects of effective leadership, which I plan to incorporate in my personal leadership style.

Assess the need for a change in Best Buy 's strategy when Brand Anderson became CEO.

The focal point of the book is Ross Johnson: the fiery, energetic and entertaining Chief Executive Officer of RJR Nabisco. The Canadian businessman got his start in General Electric as an accountant, after graduating from the University of Manitoba in 1952 on a military scholarship. After General Electric, he moved on to T. Eaton Company, where he was the Vice-President of merchandising. Shortly after, he was named president of Standard Brands Ltd. In 1981, Johnson began his reign at the top of the corporate ladder when he began discussing a merger between his company and Nabisco with the then CEO

1. How would you evaluate Astor in terms of his motive, his managerial ability, and his ethics? What lesson does his career teach about the relationship between virtue and success?

The styles and different types of leadership within businesses are important as it will be the determining factor in regards to the survival and success outcomes in which it will have. Hence, this is the contributing factor of why most recently Staples went through several leadership changes. In January last year, a few resignations of several executives happened, which included Demos Parnero, the president of North American stores and online and Otis Pannell, the senior vice president of U.S retail operations (Bonacci, 2016). Both Parnero and Pannell had a long and successful run over their years at Staples, they also proved that this was a company that promoted from within as they worked several positions and moved up the ranks.