Costco Wholesale Corporation (Costco) operates membership warehouses in the U.S.A. and other countries. As of 2022, its stated mission was “to continually provide our members with quality goods and services at the lowest possible prices.”The company further stated that “In order to achieve our mission, we will conduct our business with the following Code of Ethics in mind: Obey the law. Take care of our members. Take care of our employees. Respect our suppliers.If we do these four things throughout our organization, then we will achieve our ultimate goal, which is to reward our shareholders.”Based solely on the information given above, which of the following choices best represents the extent to which this code of ethics is motivational and strategic in the stated mission?1 pointNot Motivational; not strategicMotivational; strategicNot motivational; strategicMotivational; not strategic
Question
Costco Wholesale Corporation (Costco) operates membership warehouses in the U.S.A. and other countries. As of 2022, its stated mission was “to continually provide our members with quality goods and services at the lowest possible prices.”The company further stated that “In order to achieve our mission, we will conduct our business with the following Code of Ethics in mind: Obey the law. Take care of our members. Take care of our employees. Respect our suppliers.If we do these four things throughout our organization, then we will achieve our ultimate goal, which is to reward our shareholders.”Based solely on the information given above, which of the following choices best represents the extent to which this code of ethics is motivational and strategic in the stated mission?1 pointNot Motivational; not strategicMotivational; strategicNot motivational; strategicMotivational; not strategic
Solution
The code of ethics provided by Costco can be seen as both motivational and strategic in the context of their stated mission.
Motivational: The code of ethics is motivational as it provides a clear direction for the employees to follow. It encourages them to obey the law, take care of members and employees, and respect suppliers. This can motivate employees to work in a way that aligns with the company's mission.
Strategic: The code of ethics is strategic as it outlines the key actions that need to be taken to achieve the company's mission. By obeying the law, taking care of members and employees, and respecting suppliers, Costco can provide quality goods and services at the lowest possible prices, which is their mission.
Therefore, the best choice would be "Motivational; strategic".
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