The company Costco has become almost the goal standard when it comes to its cultural and talent management practices. This has led to the company becoming the second largest retailer worldwide. Its employees operate from the company’s seven- hundred plus stores worldwide. There are more than two- hundred thousand employees and a companywide growth rate at nearly thirteen percent. There have been reverses along the way, such as its misadventures in the Midwest during the 1980s. The company firmly believes in focusing inward. The cultural changes, transformations and practices need to be brought along from the factory floor on upwards. This empowers the people in charge, and also helps in tracking the changes in tastes and preferences.

Source:http://mitsloan.mit.edu/ideas-made-to-matter/how-costcos-obsession-culture-drove-success?utm_source=mitsloantwitter&utm_medium=social&utm_campaign=costco

Uploaded Date:26 February 2019