3. A stock analyst criticized Costco, saying: "Costco continues to be a company that is better at serving the clubmember and employee than the sharcholder." Do you think this a fair critique? Why or why not?4. Another analy st complained that Jim Sinegal "has been too benevolet. He's right that a happy employee is aproductive long-term employee, but he could force employees to pick up a little more of the burden." Again, doyou think this a fair criticism? Why or why not? Case Analysis: The Costeo ModelCostco is often cited as one of the world's most ethical companies. It has been called a "testimony to ethicalreryghcapitalism" in large part due to its company practices and treatment of employees. Costco maintains a companycode of ethics which states, "The continued success of our company depends on how well each of Costco'sItemployees adheres to the high standards mandated by our Code of Ethics... By always choosing to do the rightething, you will build your own self-esteem, increase your chances for success and make Costco moresuccessful, too."In debates over minimum wage in the United States, many commentators see Costco as an example of howhigher wages can yield greater company success, often pointing to competitors such as Walmart and Target asexamples that fall short in providing for their employees. Other commentators do not see Costco's model asbeing easily replicable for different types of businesses, citing wages as only one of many factors to consider incompanies' best practices.Costco tends to pay around 40% more and provides more comprehensive health and retirement benefits thanWalmart and Target, saving large amounts in employee turnover costs. The company resists layoffs, invests intraining its employees, and grants them substantial autonomy to solve problems. U.S. Secretary of LaborThomas Perez stated, "And the remarkable loyalty that [employees] have to [Costeo cofounder Jim Sinegal] is afunction of the fact that he categorically rejects the notion that, 'I either take care of my shareholders or myworkers.' That is a false choice."While few disagree with the benefits of fair treatment of employees, some commentators credit the success ofCostco to its broader business model that favors higher productivity, not employee satisfaction. Columnist andeconomist Megan McArdle explains, "A typical Costco store has around 4,000 SKUS [stock keeping units],most of which are stacked on pallets so that you can be your own stock boy.

Costco is one of the world's most ethical companies. It maintains a company code of ethics. It tends…

3. A stock analyst criticized Costco, saying: "Costco continues to be a company that is better at serving the club member and employ ee than the shareholder." Do you think this a fair critique? Why or why not? 4. Another analy st complained that Jim Sinegal "has been too benevolet. He's right that a happy employee is a productive long-term employee, but he could force employees to pick up a little more of the burden." Again, do you think this a fair criticism? Why or why not?

3. A stock analyst criticized Costco, saying: "Costco continues to be a company that is better at serving the club member and employ ee than the shareholder." Do you think this a fair critique? Why or why not? 4. Another analy st complained that Jim Sinegal "has been too benevolet. He's right that a happy employee is a productive long-term employee, but he could force employees to pick up a little more of the burden." Again, do you think this a fair criticism? Why or why not?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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