Comprehensive Strategic Plan
Create an 8 APA formatted page strategic plan for Costco company, incorporating SWOTT, VRIO, and scenario planning. Include a policy recommendation section addressing corporate governance and ethical considerations. Cite seven (7) peer-reviewed articles.
SWOTT Analysis: Conduct a SWOTT (Strengths, Weaknesses, Opportunities, Threats, and Trends) analysis for Costco to identify internal and external factors affecting strategic choices.
VRIO Analysis: Perform a VRIO (Value, Rarity, Imitability, Organization) analysis to evaluate Costco’s resource-based advantages and potential areas for improvement.
Scenario Planning: Develop various strategic scenarios based on possible future developments. Discuss how these scenarios could impact Costco’s strategy and decision-making processes.
Policy Recommendations: Propose policy recommendations that address corporate governance, ethical considerations, and regulatory compliance. Include a discussion of how these policies support strategic objectives.
Implementation Plan: Outline a high-level implementation plan for the proposed strategies and policies. Include timelines, resources needed, and key performance indicators (KPIs) to measure success.
Conclusion: Summarize the key findings and recommendations. Discuss how the strategic plan aligns with Costco’s vision and mission, and addresses future challenges.
