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The immutable law of this land is to maximize profit; that is, to increase sales or to decrease costs. Multi-billion dollar corporations categorize employee wages and insurance as costs and cut them in an effort to maximize profits. However, Jim Sinegal’s Costco provides a refreshing exception to this corporate cannibalism. Costco sees the respectable treatment of employees as an investment instead of an unnecessary cost.
At an average employee wage of $17 an hour, Costco’s business strategy has Wall Street analyst Bill Dreher of Deutsche Bank lamenting that at Costco’s, “it’s better to be an employee or a customer than a shareholder...
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Common topics in this essay:
- Costco's Extravagant Labor Costs Help Stockholders
- Sensitive Items
- Management inventory of seasonal items
- The Importance Of Securing Sensitive Items
- Werbeartikel als Instrument der Verkaufsforderung (Promotional items and sales promotion)
- Costco Wholesale
- Costco Market
- Costco Research
- Costco Wholesales
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