Internal Analysis and Strengths & Weaknesses for Costco in US Research Paper

Internal Analysis and Strengths & Weaknesses for Costco in US - Research newsprint ExampleFirstly, Costco US administrational structure experienced a dramatic change when its depot restructured its working hours by reducing them from 16 to 9 available hours a day. This streamlined their entire working schedule by saving them on the employment remuneration packages. In addition, the comp any resorted to readjusting their day-to-day operations to rack up into their new working timeline. This increased the efficiency of all employees who had to maximize their efforts in order to keep up with the demands brought virtually by their new working schedules (Hoovers, 2012). Secondly, Costcos Human Resources sector also experienced a change. Employees wages and benefits packages increased considerably. This ensured their employees remained dedicated to working hard throughout the restructuring phase, which brought about several changes within the organizations structure. As a result, the company recorded extremely low employee turnover rates despite the new, intensive working hours introduced by the companys management. Therefore, this provided the management with an opportunity to boost the morale of employees in a crucial time, which entailed the company undergoing some massive organizational changes. Most organizations are aware of the repercussions brought about by demoralized employees resulting from the introduction of changes affecting the entire organization. Therefore, Costcos decision to increase the wages and benefits awarded to employees was a strategic move that would help counter in store(predicate) problems resulting from the organization deviating from the norms. Just like other organizations, Costco relies on the satisfaction of their stakeholders. Meaning, appeasing them is the first item on their priority. Since, its establishment, Costco continues to rely on customer loyalty as an integral part of sustaining business operations. Therefore, they approach their CSR strategies from the point of view of their stakeholders. This means that they ensure the company operates in a way that their stakeholders would approve of without causing any negative reactions. Therefore, the pricing of their products occurs in a way that attracts and maintains the loyalty of their members. Furthermore, they also ensure the quality, and the uniqueness of goods and services offered remain high. Costco strives to maintain an exceptional relationship with its stakeholders. An analysis of Costcos internal operations presents the following strengths or capabilities (Goldberg 2006). They include Low mark-up policy- the 15% and below profit mark-up policy on their goods allows Costcos to set low, cheap wrongs for their clients. This helps to maintain customer loyalty while attracting new customers. Clients are also able to purchase goods for future sale at prices which will allow them to price their goods at reasonable prices. Rarity in the goods th ey stock- this provides customers with unique goods rarely stocked by other stores. The fact that these goods prices are also cheap makes Costco peoples preferred place to shop. Consistent, reliable supply of goods- Costco US depot receives goods from 17 other Costco depots ensuring that there is a consistent supply of the various goods stocked by the store. High employee satisfaction within the organization- Costco increased their