Costco's Basis Strategy

219 Words1 Pages
What would you describe as Costco’s basis strategy as a retailer? Costco strategy is simple they choose to focus on taking care of employees, customers and expenses. Costco offers fair wages, low prices and as a result they obtain an advantage in quality, profits, and customer satisfaction. Costco realizes that satisfied employees helps build a stronger company. How do its human resource practices support that strategy? Costco human resource practices include training, development and performance management. Costco also uses employees as a main source of management talent. Costco human resource practices include talent management and human capital which helps Costco in developing the employees for their current and future needs. In what ways