Anodyne
Tuesday, February 20, 2007
 
Costco's Rules

A retailer originally drawn to my attention by Warren Buffett's second-in-command, Charlie Munger, a current Costco board member. An important role model for my thinking about Pulpfiction's role as a "didactic enterprise" in a larger social community.

"Professor Terrance Weatherbee, a business professor at Acadia University, explains that by dispensing with many of the costs associated with classic retail inventory practices, Costco is able to re-direct cash flow to employees, and make fairer deals with suppliers. Cheap floor displays, decreased individual packaging and bulk supplies are what allow Costco to remain competitive and redistribute its wealth to things like employee development, which it maintains as a high priority within the corporation."
- posted by cjb @ 9:46 AM


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