Costco Mission, Vision & Values
Costco Mission Statement
Costco Wholesale Corporation’s mission statement is similar to the identified vision statement above. The mission statement says that Costco aims “to continually provide our members with quality goods and services at the lowest possible prices.” This mission statement has the following main points: Quality goods and services Lowest possible prices Continual offers Costco’s mission statement shows that the business uses quality as a selling point. This factor is important because there are many other firms that compete against Costco on the basis of low prices. The company’s mission statement also indicates low prices as a major selling point. Customers are drawn to the discounts and low prices available at Costco. Moreover, the mission statement shows that these offers are always available at Costco warehouses/stores to members. A strategic objective linked to this mission statement is to develop a supply chain that supports cost minimization and high quality.
Costco Vision Statement
A place where efficient buying and operating practices give members access to unmatched savings.
Costco Values
Costco Employee Alignment
Costco's mission, vision & values motivate 78% of Costco employees. Besides getting paid, the “company mission” is the most important thing about their work for 8% of employees at Costco. 10% of employees say that the main reason they stay at Costco is because of the Costco company mission. When asked to whom they feel the most loyal at work, 19% of employees said Costco's mission and vision. Comparably data clearly shows that a focused mission statement and cohesive core company values are vital to maintaining employee alignment.
