...Whole Foods Market Strategic Management Table of Contents Introduction…………………………………………………………………….…….p. 3 Trends in the Organic Foods and the Impact on Whole Foods…………………........p. 3 Application of Porter’s 5 Forces Model………..…………………………….............p. 4 Most Significant Environmental Threat and Whole Foods Combat ………………...p. 6 SWOT Analysis….…………………………………………..………………........…p. 7 Sustaining Competitive Advantage...…………………………………...….………..p. 8 Summary….………………………………………………………….………..…….p. 8 References.…………………………………………………………..……………....p. 10 Whole Foods Market Introduction John Mackey cofounder and Chief Executive Officer (CEO) founded Whole Foods in 1980 with the purpose of providing organic foods to the grocery shopping public. This started a movement over the next 30 years that has brought organic foods to the common shoppers in many markets around the U.S. that had only been previously serviced by smaller health food stores or by their local grocery chain. The success of Whole Foods moving forward will be how they can succeed and maintain their profitability when unemployment remains high and Americans have less disposable income. This essay will look at several factors of Whole Foods, including latest trends, the competitive environment in the grocery industry, environmental threats, SWOT analysis of the business operations and strengths that must be leveraged to maintain a competitive advantage. Trends in the Organic Foods...
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...Whole Foods Case Study Whole Foods Case Study Whole Foods started from humble beginnings and has emerge into a major corporation. It’s success results from its dedication to its human capital. I will discuss Whole Foods investment in human capital, its high-involvement management, democratic model, and globalization. Human Capital Whole Foods uses human capital as a course of competitive advantage by investing heavily in their employees. They have created a so called “work place democracy.” Whole Foods has been ranked as the top 100 companies to work for best companies to work for by Fortune magazine. (Hitt, Miller, Colella 2015). The company has basically given the employees self worth and have allowed them to be a part of the company and its decision process. It has been transparent in allowing access to financial records and limiting executive salaries. Employees at Whole Foods feel that it is their company. This promotes commitment and dedication to the employees and the company. High-Involvement Management High-involvement management contained in Whole Foods when concerning it’s associates is achieved by creating a team structure. There is not just associates and a manager, the company has developed a team concept. Each employees is assigned to a particular team that specializes in a certain product, department, or product line. Each team has a team leader that interacts with the store manager. Team leaders are highly trained and well versed in their department...
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...CVS Health Summary of Industry Characteristics December 31, 2014 Summary The Food and Drug Store industry consists of stores that primarily focus on the sale of food, drugs (nonprescription and prescription), or a combination of both. Typically smaller than General Merchandisers, such as Wal-Mart, the companies in the Food and Drug Store industry provide grocery products such as cold and hot foods, pharmaceuticals, general pet care, and typical household products meant for everyday living. Stores that fall within the industry may specialize in one aspect over the other, such as CVS Health in pharmacy and health care. Even though the major products of the industry are food and drugs, there are several other minor products like health clinics and fuel centers that play an important role in the industry. Industry Sales The industry revenues can range from $139,367 Million to $14,194 Million and profits range from $4,644 Million to $113 Million, just within the companies within the Fortune 500. Their revenue is mostly derived from their sales of their inventory, no matter which side of the industry they sell from. Since most companies will use FIFO inventory methods, this helps decrease their product waste due to expiration dates and will increase their total sales and revenue. Their highest costs tend to be for plant, property, and equipment. Kroger, for example, owns a majority of the buildings where their retail stores are located and they are slowly disposing of their...
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...Fall 2014 Accounting 501 Term Paper Whole Foods Market, Inc. Financial Analysis Whole Foods Market, Inc. Based in Texas December 2014 Executive Summary Whole Foods Market, Inc. has been in operation for over 30 years, and has since demonstrated a very successful business model that continues to benefit all stakeholders. When the first Whole Foods Market store opened in 1980, business owners John Mackey and Walter Robb had no idea they would become the 8th largest public food and drug retailer in the U.S., nor did they know at the time that they would soon rank #232 on the Fortune 500. In 2005, the firm hit a major milestone reporting six stores averaging roughly $1 million per week. Now they have more than 50 stores averaging at least $1 million or more. In 1985, the Declaration of Interdependence was crafted by 60 team members. The document was last updated in 1988, 1992, and 1997. The piece proclaims the party’s vision of instilling a clear sense of interdependence among various stakeholders, and validating the contingency upon their efforts in communicating more often, more openly, and more compassionately. The idea behind this concept is the fact that better communication in turn equals a greater understanding, and therefore more trust. Today food retailing is more competitive than ever with an ever-growing demand for fresh, healthy foods. However, Whole Foods’ industry-leading metrics complement their ability toward innovation and display of high...
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...Whole Foods Market Business Environment MGT/541 March 19, 2012 Jeannette Singh Whole Foods Market Business Environment Whole Foods Market specializes in offering organic and natural food and product across North America, Canada, and the United Kingdom. Currently ranked 273 in Fortune 500 companies would appear to be a good company to invest in. Prior to investing, the duties of a mutual fund manager are to examine the business environment of a potential investment. The documents that need examining are the income statement, balance sheet, and cash flow sheets. This analysis will aid in the determination of the financial health of Whole Foods Market. A comparison of Whole Foods Market with two competitors—United Natural Foods and Hain Celestial Group—will be completed. Technology is important within a business environment; therefore, the strength or weakness that Whole Foods Market has will also be discussed along with globalization. The paper will conclude with a benchmarking analysis of Whole Foods Market against United Natural Foods and Hain Celestial Group. Financial Health Every public company trading on the New York Stock Exchange is required to file quarterly and annual statements regarding financial records. To analyze the financial health of Whole Foods Market as a potential investor, I could access the United States Security and Exchange Commission (SEC) filing dated January 15, 2012. The key factors of a financial statement according to William...
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...prices, thereby becoming more competitive -- a plus for the consumer. Another is when a company or CEO uses devious tactics or unethical means to influence the market for corporate or personal profits. According to a statement made by Brian Schactam from CNBC, “John Mackey used a pseudonym on financial message boards to bash rival Wild Oats as a bad business not worth its stock price.” Those inaccurate postings concerning Wild Oats caused their stock prices to fall and deterred other investors from buying the stock. That tactic is highly unethical. An article on Daily Finance blogging dated July 11, 2007 cites the following statements and sources made concerning Whole Food CEO: “John Mackey often criticized Perry Odak, Wild Oats' former CEO, who resigned last year. "While Odak was trying to figure out the business and conducting expensive 'research studies,' to help him figure things out, Whole Foods was signing and opening large stores in OATS territories," Rahodeb wrote in 2005. "Odak drove off most of the long-term OATS natural foods managers" and brought in executives who "didn't know too much about the natural/organics industry or their customers." The CEO of Whole Foods Markets Inc. (NYSE: WFMI) is proving to have an ability, rare among CEOs, to hang himself with his electronic words. The Wall Street Journal reports that between January 2000 and last August, John Mackey used the name "Rahodeb" -- an anagram of his wife Deborah's name -- to make nearly 1,400 posts...
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...Executive Summary: Whole Foods was founded in 1990 with a mission to offer good, wholesome food with an emphasis on natural and organic food. Through a series of acquisitions and expansions Whole Foods is a major grocery store representing organic products in the United States, Canada and the U.K. It is consistently ranked in the top 100 best companies to work for and the top 100 best Corporate Citizens. Business Proposal: This document outlines the possibility of Whole Foods expanding into the German Market. Considerations are explored in the realm of German Culture, the Organic Food market, Competitors, Pros and Cons, Entry and Exit Strategy, and Human Resources strategy to declare whether or not Germany is an appropriate fit for Whole Foods. Whole Foods Entering Germany: Successful Whole Foods CEO John Mackey, is quoted as saying "If you want to be competitive in the long term, your business needs to have discovered its higher purpose and it needs to adopt a stakeholder philosophy." In a world where unhealthy food, rife with chemicals and saturated fats is becoming the norm; Whole Foods definitely seems to have found it’s higher purpose. Whole Foods, which is providing individuals with fresh organic food to promote a healthy lifestyle and a higher way of living is poised to spread this philosophy to the rest of the world. This stakeholder philosophy puts the ownership of healthy living on each and every one of us by providing the piece that has sorely...
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...MARKETING PLAN SAIGON EATS RESTAURANT Table of Contents 1. Executive Summary 3 2. Situation Analysis 4 2.1 Market Summary 4 2.2 SWOT Analysis 4 2.2.1 Strengths 4 2.2.2 Weaknesses 5 2.2.3 Opportunities 5 2.2.4 Threats 5 2.3 Competition 5 2.4 Product Offering 5 2.5 Keys to Success 6 2.6 Critical Issues 6 3. Marketing Strategy 6 3.1 Mission 7 3.2 Marketing Objectives 7 3.3 Financial Objectives 7 3.4 Target Markets 8 3.5 Positioning 8 3.6 Strategies 8 3.7 Marketing Mix 8 3.8 Marketing Research 9 3.9 Marketing Communications 9 4. Financials 9 4.1 Break-Even Analysis 9 4.2 Sales Forecast 10 4.3 Expense Forecast 11 5. Controls 11 5.1 Implementation 11 5.2 Marketing Organization 12 5.3 Contingecy Planning 12 6. Appendix A………………………………………………………………………...13 1.0 Executive Summary Saigon Eats is an existing restaurant specializing in Vietnamese cuisine. The first location of Saigon Eats is in San Jose, California. This is marketing plan for Saigon Eats as the first Vietnamese restaurant located on the campus of UC Berkley in California. Our restaurant offers a large assortment of healthy tasty and not expensive food such as appetizers, hot dishes and deserts. SWOT analysis is a key factor of the strategic plan...
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...Executive Summary As reported in its Annual Report on Form 10-K for fiscal year ended September, 27, 2015, Whole Foods Markets, Inc. continues to be the leading natural and organic foods supermarket (and the 5th largest public food retailer and 10th largest food retailer based on industry 2014 sales rankings), currently operating 431 stores in 42 U.S. states and the District of Columbia, 10 in Canada and 9 in the United Kingdom. In this case study, “ WFM” or the “Company” will refer to the parent company and the name “Whole Foods” will refer to its stores and grocery business generally. What started as a single small natural foods store called SaferWay in Austin, Texas in 1978 led to the opening of the original Whole Foods Market in 1980, followed by a combination of building new stores and acquiring existing ones. WFM went public in 1992 and not only continued to increase the number and size of Whole Foods stores, but also raised industry standards for the production and distribution of natural foods as well as promoting respectful and sustainable farming and business practices. Additionally, WFM is regularly recognized as one of most desirable employers, with human resources and management practices that allow for more regional discretion and local involvement plus genuine employee input, enhanced employee education and development, and relatively higher compensation within the industry. Founder and CEO John Mackey strives to balance his health- and environment-oriented...
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...be conveniently located for both tourists and locals and a complete restaurant. The owners all bring business management background, as well as hospitality and food industry experience. Table of Contents I. THE BUSINESS 4 A. Description of the Business 4 B. The Market 4 C. Competition and Feasibility Study 5 D. Location of Business 5 E. Management 6 F. Personnel 6 G. Application and Expected Effect of Loan or Investment 6 H. Summary 6 II. FINANCIAL DATA 7 A. Sources and Application of Funding 7 B. Capital Equipment and Furniture Lists 7 C. Projected Balance Sheet 8 D. Break-even Analysis 8 E. Projected Income Statements 8 F. Cash Flow Projections 8 G. Financial Reports 9 I. THE BUSINESS A. Description of the Business Chicago Style Pizza provides premium pizza with fast, free delivery to the Triangle area. Chicago Style Pizza specializes in making superior pizzas, with proven recipes that family and friends have enjoyed for years. The restaurant combines hand-tossed dough, along with a secret sauce, that entices customers to return. Menu items are priced marginally higher than pizzerias in other areas, as the primary customers are business travels and locals, whom expect to spend more while on business trips. This allows for free delivery, as well as additional menu options, such as whole-wheat dough. Chicago Style Pizza offers a wide menu selection to appeal to many different customer preferences. As more people are...
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...Whole Foods Market: A Strategic Analysis Adrienne Lee Richard Linowes Spring 2009 General University Honors 5/6/2009 1 WHOLE FOODS MARKET: Strategic Company Analysis EXECUTIVE SUMMARY Whole Foods Market, Inc. has long been admired as an innovative company with quality standards, a devotion to community and environmental responsiveness, a healthy growth model and highly-regarded employment practices. However, the company has faced recent difficulties as a result of the economic recession, increasing competition, and complications from acquisitions. To revitalize the company from historical lows in its toughest year in history, Whole Foods Market must reassess its costs, refocus its expansion strategies, and promote its brand to compete for the diminishing consumer spending dollar. During the changes in strategic initiatives, it is also important for the company to keep Whole Foods Market’s mission and its brand value intact. The chain is known for its high standards, quality, and ethical practices; this image is at stake when any changes in brand or reputation are made. It is of utmost importance to balance the positioning in order to increase awareness and sales, but at the same time avoid diminishing the brand and message of the company. Without the value behind the Whole Foods brand, the company will not survive—recession or not. If Whole Foods can successfully complete these initiatives that include major restructuring while also generating public relations...
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...Written Analysis and Evaluation of TABLE OF CONTENTS 1. Title Page…………………………………………………………………….page 1 2. Table of Contents……………………………………………………………page 2 3. History and Background……………...…………………………………..pages 3-5 4. Products and Services………………...…………………………………..pages 6-7 5. Financial Summary………………….……………………………………pages 8-9 History and Background Kirk Perron, the founder of Jamba Juice, had a desire of self-business since he was very young. At the age of 16 he started to work at Vons, bagging groceries, and ultimately he became assistant manager at Safeway. This process helped him to gain 10 years of valuable retail experience. At the age of 25, he stop his day job and worked late night stocking groceries and started working out and bicycling during the day. Usually after exercising, he would buy a smoothie, which was healthier than frozen drinks. This eventually put the ideas in his mind to open his own smoothie store. Kirk Perron started to gather his people to help him launch the business. He met his director of research and developer, Joe Vergara, at Safeway store who already was involved in the juice bar business, Kevin Peters who became director of partnership development, and Linda Ozawa the head of marketing. One of the obstacles that Kirk Perron faced at the start of the business was the fact that he could not convince the bank to get loan. Therefore, he had to sell his apartment and borrow money from his mother and his friend...
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...Chapter I THE EXECUTIVE SUMMARY This aspect of Feasibility Study discusses all the details with regards to the Executive Summary of the proposed project study. It also contains the five major components of the study including Management and Personnel Feasibility, Marketing Feasibility, Technical Feasibility, Financial Feasibility and Socio-Economic Feasibility. Highlights of the Study 60’s Diner is one place to remember when looking for a good place to eat. Waitresses serve food by moving around on skates, giving that all 60’s feel. We put up this business because this restaurant provides fairly fast and friendly service. We loved its uniqueness compared with the other businesses.It is designed by a group of students where they can provide a unique type of Diner that they can convince and attract different types of people. 60’S Diner is a restaurant that is a partnership business organization which is composed of seven (7) partners, namely, Antonio, Jennica; Austria, Cyrille; Baluyot, Babylyn Roxinne; Corpuz, Kim; Domingo, Charmaine; Empemano, Julie; Millena, and Maria Fatima who will contribute 500,000 pesos each for a total capital of 3,500,000 million pesos to start up the business. The partners decided to rent a space located at 480 Mayon, Sta. Mesa Heights, Quezon City. It has 300 square meters rectangular in shape and it cost 200 pesos per square meters for a total of 60,000 pesos monthly rental fee. The location is very accessible and...
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...Whole Foods Market Industry Whole Foods Market Industry Originally, Whole Foods Market (WFM) was founded in Austin, Texas, by twenty-five year old college dropout John Mackey and twenty-one year old Rene Lawson Hardy in 1980 with a staff of 19 people. It was born with the idea to provide a grocery store featuring good, wholesome food; not a "health food" store filled with pills and potions. As soon as the store opened, it was an immediate success and there were less than half a dozen natural food supermarkets in the United States. Sales doubled each year for the first four years. From 1980 to present day, the company has grown primarily through various mergers and acquisitions, which have included their signature brand coffee Allegro and Wild Oats Markets. Currently, Whole Foods Market has 408 stores, including 9 stores in the U.K. and 10 in Canada. (Whole Foods Market, 2015) WFM’s mission statement is “Whole Foods – Whole People – Whole Planet.” Strengths Whole Foods Market (Whole Foods) owns and operates a chain of natural and organic foods supermarkets through several wholly-owned subsidiaries. The company’s supermarkets are located in the US, Canada, and the UK. It employs about 87,000 people. In 1984, Whole Foods Market began its expansion out of Austin. While continuing to open new stores from the ground up, they fueled rapid growth by acquiring other natural foods chains throughout the 90’s: Wellspring Grocery of North Carolina, Bread & Circus of Massachusetts...
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...1.0 Executive Summary 3 2.0 Justification of the Restaurant 3 3.0 Non-Financial Analysis of the Restaurant 5 3.1 Products and Services 5 3.2 Market Segmentation 5 3.3 Strategies 7 3.31 Competitive Edge 7 3.32 Promotion Strategy 7 3.33 Management Summary 7 4.0 Financial Analysis of the Restaurant 8 4.1 Breakeven Analysis 8 4.2 Cash Flow Data 9 4.3 Income Statement 10 4.4 Balance Sheet 11 4.5 Taxation 11 5.0 Conclusion 12 6.0 References 13 1.0 Executive Summary The main purpose of this report is to generate a business plan for a start-up restaurant for the Wurst family. This report consists of marketing and financial initiatives of the restaurant for about 3 years to 30 October 2013, which have been generated through undertaking research, collecting financial and non-financial data, and analysing them. Supported by Matt’s inheritance of $70,000 from the will of his great uncle, the restaurant will be located on Playford Avenue in Whyalla offering both ethnic and organic food to attract customers from the five main markets of minority ethnic groups, students, young couples, tourists, and those concerned about dieting and health. The competitive edge of the restaurant will be its products themselves while it is necessary to promote the products via brochures, discounts, and others as well. The financial status of the restaurant will be appraised every six months as a financial period. After...
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