MGMT615 2.2 I need two responses-250 words each- APA style writting- Need tonight
Below is a discussion question for the week and a students response. I need to respond to the student's response with at least 250 words in APA format with references.
In the warehouse market there are many companies that share similarities. In some instances it is hard to recognize the differences between these markets because the prices and initial perception of their products and services seem to have the same quality and appeal to consumers. This is the case in wholehouse club rivals Costco, Sam's Club, and BJ's Wholesale. The commonality these stores share makes it hard for those who are not in key decision making and leadership positions to recognize or decipher. The nature and strength of the competitive pressures have to be examined force by force, and their collective strength must be evaluated (p. 85).
B.J's, Sam's, and Costco have similar strategies in attempting to maintain effective approaches in their perspective organizations. Because they have percise business practices that are of the same tenure, the differences in their strategic efforts to move beyond their rivals is not apparent. Firms in the same strategic group are the closest rivals; the next closest rivals are in the immediately adjacent groups (p. 79). These companies provide the same services, sale similiar products, and are all marketing bulk products to its consumers. The profitability and prices that revolve around each company helps in assessing a core difference in the broadening chains appeal to customers and share holders.
The differences in strategy are not at all easy to determine. Costco prides itself on advertising to its customers their desire to serve the public from an ethical standpoint. Sam's and BJ's also have a strong practice of governing to its customers its reliability on employing those who truly represent the company from all fronts, which as you can attest is in the lines of Costco's mission statement. All three intuities have membership fees that are of practical prices. Costco's membership program costs $55.00 a year and releases its own in-store coupons, but does not accept manufacturer coupons. The cheapest membership at Sam's Club costs $40.00 per year. BJ's offers a membership for $50.00. They also offer their own coupons, and they can be used in conjunction with manufacturer's coupons. All orgnizations also attract online markets and reward programs for consumers.
Although Costco has advanced above the competition, leaders in one institution does not necessarily have a better strategy than its competition. Lower prices are an advantage that will always appeal to consumers; however, there is currently not a big dollar value difference in the prices of the goods and services at one store over another. With that being said, I would also not suggest that one is weaker than the other. They are all popular companies that attract a substantial amount of people and all have many shareholders who partner in these particular organizations. In addition to this, these companies are worldwide and are recognizable to those outside of North America.
At current all of these competitors are likely to maintain success in the years to come. Other good clues about what actions a specifc company is likely to undertake can be gleaned from the announcements management is relaying to attract new personnel. Another indicator is the types of moves a rival is likely to make is its financial performance. All of the competition is currently performing with a similiar approach in mind. As long as this continues, the strategic level of Cosco, BJ's, and Sam's will continue to bear similiar strategic measures and business strategies.