Doing Right

Excellent essay on how Costco does it and how it manages to survive the retail apocalyse. Worth reading in it's entireity. For me these lines stood out the most:

Corporations only act as ethical as their subset of consumers, and consumers only are pressured to only act as ethical as their value-maximizing formulas allow them to be. This means that making a premature leap towards offering more progressive yet more expensive products or services comes with risk. Risk averse corporations, especially large ones like Costco, have to be completely sure that a market has come maturity before they offer up a product that represents a premium shift in its consumers' ethical frameworks.

The author concludes by offering a solution that seems to address the needs of both retailers and customers

Instead of reacting to the slow evolving standards of decency of its shoppers, there's nothing that's stopping a company from playing a more proactive market making role as long as they accompany this push with convincing evidence for consumers why a new offering is valuable for them.

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