Costco Case study Introduction Costco is operating in a competitive business environment. As such, it needs to embrace business strategies that can enhance its competitive advantage. Furthermore, the organization has lagged behind its competitors due to its failure to adequately align its business practices to emerging trends in its industry, such as e-commerce. The failure by this organization to adequately respond to new entrants and the rise of new business models threatens the long-term performance of the company. The observation points to the gravity of the challenges which it faces because its industry is characterized by low entry costs and low switching costs. Analysis The core issue with the business operations of Costco is that it has failed to transform into an agile enterprise in a business environment that is characterized by increased competition. Having an agile enterprise would enable it to adjust to changing regulatory and economic situations in its business environment. For example, this organization is operating in a business environment that is likely to be affected by the increased focus on safety standards and the impending…
Benefits That You Get When Buying Gifts Online In life, there comes a time when you have to give gifts to your loved ones. Especially on special days such as birthdays, celebrating anniversaries as well as showing appreciation to someone. During this time you might look for certain gifts which are not available in shops. But today you don’t have to go through all the hustle of visiting gift shops. You will experience a lot of benefits when you shop online. In this article, we will explain some of the benefits associated with buying gifts from an online shop. Convenience Online shops are open for 24 hours every day. This makes it a convenient way to shop since you will only need to have the internet, and you can shop in the comfort of your home at any time. You can place an order online for a gift from any part of the world. The gift is delivered at the address of your choice. Low Prices You can compare prices of the gift that you want in different online stores.…
Holland Michiganchigan Tourism Sector International tourism refers to tourism carried out across country boundaries by tourists to foreign counties to view natural and human-made landscapes, buildings, economic activities, and historical sites present in other countries (Choudhary, 2017). In Holland, international tourism has played a significant role in its economy. In the past, Holland acted as a place of refuge for people in search of freedom. In an aim to enhance international tourism, residents had to build a channel for Lake Michigan to help it have freshwater in years to come. Immigrants also cleared a piece of land at the city center, which was to act as a market square. To grow the transportation sector, residents extended two railroads, which had to pass through Holland, hence people could travel easily in and out of the city. With the help of the surrounding regions, Holland was able to sustain itself, and as a result, the residents acquired amenities to help ease their way of life. These included the introduction of a water system, mobile network, electricity installation, and delivery of mails conducted…
How Corona Virus is Affecting the Gambling Industry Fear of coronavirus has led to the cancellation of flights, sports events, conferences and festivals. Some cities are on lockdown, and movement is restricted. This has affected major industries and the market. So, what does this mean for the gambling industry, the casinos and players? The estimated cost of the crisis could be $3.3billion for the Macau operators and much more for the whole industry. Here is how the virus is affecting the industry. Dropping Market Prices for Gambling Companies The virus has caused a fall in prices in most industries, and the gambling industry has not been left behind. Most gambling companies which are publicly traded are taking a battering; even the online casinos which are expected to make an upside turn when most parts are quarantined. If the virus persists for some more months, the economy will be affected, making it hard for the players and the casinos. Although online casinos might benefit, the hard way of life on the players will make an impact on them. Players are Turning…
How My Life Has Been McDonaldized In the modern world, McDonaldization is almost unavoidable. McDonaldization is the process through which the principles applicable in fast-food establishments become more dominant in more sectors of the society (Basic Ideas of McDonaldization, n. d.). This paper explores how McDonaldization is evident in my life in the areas of shopping, education, communication, and transport, among others. There are four principles of McDonaldization. One of them is efficiency. This principle entails reaching a specific end very fast with the least amount of effort or cost (Basic Ideas of McDonaldization, n. d.). I enjoy the efficiency that comes with automation. For instance, I prefer the self-checkouts every time I go shopping for my groceries. Additionally, I can use an app to order for various commodities and provide directions to my house. This approach enables me to get what I need more effectively and at the least possible cost. At the same time, I prefer self-service stations when I am buying gas. The other principle of McDonaldization is calculability. This principle focuses on the emphasis on things…
Stylish HandMade Men’s and Women’s Accessories – Change Your Look Today At times, we all do not have time for a long search for exciting things, and we also want to please ourselves and loved ones. It’s good when there is a favourite online store where there is always something for the soul. Excellent service, fast delivery, high-quality handmade accessories made of leather, cotton and wood, will not leave you indifferent. It is very easy to verify this by looking at the catalogue of ezyshopping.com. How To Choose Men’s and Women’s Accessories Online When choosing accessories for work clothes, you need to pay more attention to clothes. If clothes have strict lines, then you need to select accessories in the same direction. If your clothes have smooth shapes, then you should choose an accessory with smooth corners. When choosing an accessory, colour is probably one of the main and important elements in the choice that the fashion dictates. You need to choose the right color so as not to spoil the overall picture. The clothes should not…
Delinquency prevention programs Delinquency prevention refers to the activities that promote a modesty life and good morals in the society hence lowering the chances of a juvenile committing a delinquent act. Some of the delinquent acts may include, property crimes, drug abuse and a crime against a person. A delinquent child is generally a child between the age of 7 and 17 that have refused to obey the law (Finck, 1964). With that age, there is a need for an alternative justice system for the child separate from that of adults (Moodie & Fisher, 2009). The reason for this is that there is no mental and emotional maturity among children in the age group. A delinquent child will always experiment challenges in life, which makes it essential to have a delinquent prevention program. One of the most successful delinquent prevention programs is the Big Brother Sister (BBBS) Community- Based Mentoring (CBM) program. BBBS is a program that offers a direct mentorship opportunity to youths and young children under the risk of finding themselves in delinquent acts (Moodie & Fisher, 2009).…
Leadership skills Introduction In business, the tactics used by those given authority and mandate to manage other employees will determine how the business will progress. They should create a healthy business environment for their employees to work in to meet targets. Part A Katerina is influential is using this as one of her tactics on her subordinates. She exerts pressure on them to produce quality sales even in the low season. She is making it difficult for them to reach the market goal. To begin with, the market for luxury goods is very competitive. The subordinates will require more than threats for them to work harder. She is displaying too much anger towards the employees trying to make them meet the demands without wanting to care how the market is fairing. She makes constant demands which she expects everyone to follow, including the timelines she sets for everyone to attain goals. Due to this, the employees find it hard to grow nor hardly make any sales. The tactics being used by Katerina are not showing any results. They will…
LEGO DAD” Commercial Are there moments that are more valuable than those shared between a parent and child? The LEGO DAD commercial depicts the special moments shared between dads and their children. Some of these moments include fathers and children playing with toys both indoors and outdoors. The ad is sponsored by a company known as the Lego Group, which deals with toys. A song titled “The Heart” by Needtobreathe plays in the background of the LEGO DAD commercial. Needtobreathe is a South Carolina Christian rock group that has been producing songs since the 2000s (Brown). The song “The Heart” contains inspiring lyrics that make a person self-reflect on his or her life. Both the song and the commercial share numerous messages. This paper argues that the song “The Heart” supports the messages being conveyed by the LEGO DAD commercial when it comes to perspectives pertaining to wholeness, love, construction, individuals finding time to be with the people they value and the importance of one making a lasting impression. To begin with, both the LEGO DAD ad and the…
Libra and its Implementations on International Finance Libra Facebook proposed the creation of a digital currency for global use, Libra. The organization plans to introduce the currency to the world in the first half of 2020. The Libra White Paper defines Libra as a “global currency and financial infrastructure” (Schmeling 1). The currency would consist of three sections. Firstly, Libra is a digital currency based on blockchain. The blockchain would be reliable, secure, and scalable. Secondly, the currency shall have the backing of an asset reserve designed to avid volatility and maintain stability in the value of the currency (Schmeling 1). The financial assets to back the currency would include securities from the US Treasury and a basket of currencies. Lastly, an independent organization called the Libra Association would govern the currency. The Libra Association consists of various companies that have membership in the organization. These companies come from diverse disciplines, including nonprofits, payment, venture capital, technology, online marketplace, and telecommunication (Deloitte 4). This association would be responsible for developing the ecosystem of the currency. It would manage the…