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The Leadership Style Of Craig Jelinek

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Leadership Analysis Jim Sinegal’s leadership style would be considered rather unorthodox for a CEO, with his casual dress sense and relaxed demeanor whilst strolling through his stores in his cheap, open-collared shirt. His humble nature could be noticed simply through his simple nametag of “Jim,” which did not boast any title or emphasis on his surname. His natural characteristics did not draw attention to his status and would often cause customers to confuse him for a store assistant. He even looked at direct complaints to him as advantageous because the customer would be getting a response from the CEO himself, which would reflect well on Costco’s customer service. This is a positive mindset to have because it prevents hostility …show more content…

President and chief operating officer, Craig Jelinek took over from Sinegal at the start of 2012, maintaining his presidential status alongside his new role. Jelinek came into the role with 37 years into his career, having served in all of the major roles related to the company’s operations and merchandising tasks during his 28 years at Costco. Sinegal remained on the Board of Directors after stepping down from his position as CEO and was re-elected to serve a further three years by the board in December 2015. This is a very useful decision for the company because it allows Jelinek to still operate with the assistance of the long-serving CEO, providing his wisdom and experience to fall back on if …show more content…

Figure 1 displays the inventory turnover improving from 11.35 in 2015 to 11.47 in 2016. Additionally, the days of inventory were fairly consistent and highlight the productivity that has been achieved by opening new warehouses in each financial year of 2015 and 2016. In contrast to the gradual increase in profitability and activity ratios, the liquidity ratio illustrates a slight decrease in the company’s ability to pay current liabilities using assets that can be converted to cash in the near term. This decline is connected to a gradual decrease in current assets from the financial years 2014 to 2016. Costco’s leverage ratio shows how much debt the company has acquired and determines if the company can fulfill its financial obligations. From 2013 to 2016, the long-term debt-to-capital ratio fluctuated from 0.31 to 0.25. A ratio below 0.25 is preferable and allows for a larger capacity for the company to borrow added

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