...Jordan Davis Whole Foods Market Baker College Whole Foods Market Economic environment The economic environment is describe as the totality of economic factors, such as employment, income, inflation, interest rates, productivity, and wealth, influencing the buying behavior of consumers and institutions. It has five main components; they are economic conditions, economic system, economic policies, international economic environment and economic legislations. Whole Foods CEO John Mackey has pioneered a different approach for the operation of his company than most large retail businesses. John Mackey has the ideal that business and “crony” Capitalism is fundamentally based on greed, selfishness and the exploitation of consumers, workers, society, and the environment for the goal of maximizing profits.(Mackey 2013). However as his business has grown and become very successful he grew to believe that if ran correctly business and capitalism can be a vehicle to solve most of the economic problems of the world we live in. (Mackey 2013). The economic condition of the world affects the profitability of Whole Foods Company through several different factors. The standard of living in which the customers of Whole Foods Market are subject to dictates the amount of tangible goods they can purchase from the company. Organic offerings cost more to produce that other types of offerings making the price to consumers considerable higher than non-organic...
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...Whole Foods Markets Based On the Congruence Model Name Institution Whole Foods Markets Based On the Congruence Model Introduction World Food Market just like any other established organization, regardless of size and the capacity to facilitate production, enters the business world with expectations to meet targets for the desired outcomes. The desired outcomes in most instances rely on the possibility of implementing the appropriate business strategy from which a baseline is derived to attain the set goals and objectives through systematic planning, execution, and review. Imperatively, the current world economy is directed by the evolving market dynamics. Currently, Whole Foods Market is regarded as the most prolific and reputable organization in the global industry. For Whole Foods Markets to achieve goals and objectives set by the top management through the implementation of top quality strategies instituted to steer the organization to new heights. However, with many prolific organizations as with Whole Foods Markets, challenges are not unavoidable and quite inevitable. Whole Foods Markets have encountered numerous challenges that have impacted the organization’s ability to achieve its postulated projections as depicted by the current higher rates of competition within the natural food industry, a fledgling economy and the inherent problem of identifying and acquisition of business locations (Thompson, 2012). Consequently, Whole Foods Markets have come up...
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...Nova Southeastern University H. Wayne Huizenga School of Business & Entrepreneurship Assignment for Course: | MGT 5012: 21st Management Practices | Submitted to: | Dr. Bahaudin G. Mujtaba | Submitted by: | Kandis D. Gaines | | N01408070 | | 5800 Lake Pointe Village Cir #617 Orlando Fl 32822 | | 386-316-1449 | | | Date of Submission: December 8, 2013 Title of Assignment: Final Term Paper: Business Ethics and the Moral Foundation of Effective Leadership CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I used data, ideas or words, either quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course. Student's Signature: _____Kandis D. Gaines_________________________ ***************************************************************** Instructor's Grade on Assignment: Instructor's Comments: Business Ethics and the Moral Foundation of Effective Leadership Introduction In the global business spectrum, ethics play a huge role within any form of business where key ethical principles such as morals, values, and judgment determine the overall success and direction of the company. Managers and entrepreneurs who make moral determinations behind ethics build trust and create positive relationships with their employees, consumers...
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...we the students are require to generate a report using the Nadler-Tushman Congruence Model to conduct an analysis of Whole Food Market’s inputs and how they align with the current company strategy, as well as its outputs. In this case study we will use the strategy we previously discussed in Module 1 and using the Porter’s three generic competitive strategies to analyzed organizational categories input to the strategy using the congruence model. The model should be able to help us determine how aligned the inputs are with the strategy. The model will give us three categories for inputs: the environment, resources and historical inputs and three categories for outputs: organizational level, group level and individual level to help us determine the congruence of the outputs. While conducting the Congruence Model we will use the inputs and outputs categories to determine the organizational level congruence of the Whole Food Markets; using all these various aspects the model will give us a good vision of the current organizational structure and performance of the company. Lastly we will analyzed all three level of organizational inputs and outputs and determine how each of these categories interact with each other to determine their similarity to was the Whole Foods Market business strategy. 2- Whole Foods Markets Inc. Strategy The Whole Foods market’s business strategy is based on their reputation and differentiation from other firms in the Grocery industry. The company has establishes...
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...Business Analysis Part I MGT 521 12/15/11 Whole Foods Business Analysis Part I Whole Foods Market (WF) is the largest supermarket specialized in selling natural and organic foods ("About Whole Foods Market," 2011). They offer a wide variety of products, mostly specialized items, as well as prepared meals. The business operates on the principles of food quality, customer health and social responsibility. Since their start in 1980, Whole Foods has continued to grow and today consists of more than 310 stores in the United States, Canada and the United Kingdom ("About Whole Foods Market," 2011). The organic food retailer has growth opportunities in various areas, although its weaknesses and potential threats should be considered as factors in determining whether to invest in this company. The following is an analysis of Whole Foods’ strengths, weaknesses, opportunities and threats. Strengths Whole Foods 0 With consistent revenue growth throughout the years and 2010 financials reporting a 12 percent increase in sales and an 84 percent increase in stock price, WF market is undoubtedly the leader in the organic supermarket industry ("Whole Foods Market Annual Report," 2010). Their initial success was in large part due to existing health food stores that were small, pricey and carried few products. Whole Foods offers a wide variety of quality foods, even including deli food and other prepared food. They also offer catering, in-store events and a robust website with...
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...Whole Foods Market History Whole Foods Market was founded in Austin, Texas, when four local business people decided the natural foods industry was ready for a supermarket format. The founders were John Mackey and Renee Lawson Hardy, owners of Safer Way Natural Foods, and Craig Weller and Mark Skiles, owners of Clarksville Natural Grocery. The original Whole Foods Market opened in late 1974, it was an instant success. At the time, there were less than half a dozen natural food supermarkets in the United States. They have grown by leaps and bounds since the first store opened. The first Whole foods supermarket opened in New Orleans in 1974; with only staff numbers 19 employees, it was a huge success and made $1 million. Business ethics- is a form of professional ethics that examines principles and moral or ethical problems that occur in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Business ethics in the whole food market are very welcoming because they have high principles and respect new businesses to come in to their store to sell your products, also this market care for communities Benefits the company- The benefits of the company through business ethics are that they gain a good reputation from being honest to their customers and showing the customers that they can be trusted. By following business ethics they get respect from everybody who assoiled with their business also get...
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...Introduction: The organic foods industry is one that shows consistent growth. From year to year, they are undergoing an increase in demand. There are a number of factors that contribute to the industry’s growth. These factors include more consumers being educated, and conscious of health concerns of processed foods having a negative impact on their body and the environment (Dimitri & Oberholtzer, 2009). Trends in the retailing of organic foods would include the ups and downs in the farming industry, healthy lifestyles, the environment, and the fluctuating economy. Majority of consumers are now paying more attention to what they are ingesting. This is in large part to making sure what they are putting into their body is ensuring safety. This healthy lifestyle is not only being used for individuals, but also families. Obesity is increasing from year to year; even schools are taking a step into promoting a healthier lifestyle by changing the items they have for sale. For example, many schools are no longer sale sodas during school hours and have now selected baked chips or sun chips over your regular choice of bagged goodies. The ups and downs of the farming industry will always be a trend pertaining to the retailing of any foods. A bad season can lower the available supplies for businesses causing a shortage. Unexpected weather can cause a bad season. Hurricanes, tornadoes, or any heavy rainstorm can cause crops to be lost. Another belief of consumers is that...
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...Anne Muriithi 05/08/15 Executive Summary: Whole Food Market, Inc. Whole Food Market, Inc. was founded by John Mackey in 1980 in Austin Texas. Initially, John began with one store and hired nineteen employees. Overtime, Whole Food Market Inc. has been able to expand and has become a leading grocery store chain that sells natural and organically grown produce in the United States and overseas. Whole Food Market, Inc. mission, culture and values are as follows: Mission: “We believe that companies, like individuals, must assume their share of responsibility as tenants of Planet Earth. We actively support organic farming, the best method of promoting sustainable agriculture and protecting farm workers and the environment. We also aim to protect the environment by supporting alternative sources of energy and by recycling or composting our waste. We are actively involved in our communities by supporting food banks, sponsoring neighborhood events, and contributing at least 5 % of total net profits to not- for profit organizations. Our vision of a sustainable future means our children and grandchildren will be living in a world of that values human, creativity, diversity, and individual choice. Our whole business is about making a difference- in the lives of our team members and the customers we serve, and in the communities and environments that we operate. Our Philosophy is to satisfy and delight our customers- and to support team member’s happiness and...
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...Whole Foods Case # 2 By: Natalie Gallant Dr. Nathan Campbell Strategic Management January 31, 2012 Whole Foods 1. The chief elements of the strategy that Whole Foods Market is pursuing a fresh, natural and organic food and product with no preservatives or artificial ingredients. The company proclaimed that, “its deepest purpose as an organization was helping support the health, well-being, and healing of both people and the planet” (Thompson 246). Whole Foods Market can do this by promoting a healthier eating/lifestyle and increasing consumer knowledge on food safety, the environment and how pesticides affect the land as well as the human body itself. With giving knowledge to the public on how pesticides and growth hormones are toxic to a human body they can make the public question what they are putting into their body and by that they can get the public to soon become customers and get them to go the organic route of eating. Not only do they give knowledge on how these chemicals can harm the human body but they can also harm the environment, and with our planet trying to go more of the “green” route, Whole Foods also has an advantage on getting more customers that way. 2. The strategy is well matched to recent developments and conditions in the natural and organic food segment of the food retailing business. The Whole Foods strategy has worked well for the company. They have good products including their own “Whole” brand name as well as several other brand name...
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...“By focusing on a deeper purpose, a conscious business inspires, engages and energizes its stakeholders. Employees, customers, and others trust and even love companies that have an inspiring purpose” (http://www.consciouscapitalism.org/). It is not always about the money. A conscious business cares about its employees, suppliers, investors, community and the environment. The first of the four tenets of conscious capitalism is that a business has a greater impact on the world when it is based on a higher purpose rather than profits. Core values are essential, and should be the foundation of how a business should operate. The core values of a business are those values on which they perform work and conduct themselves. Higher purpose and core values are at the center of a conscious business. Sometimes businesses become so preoccupied with making money, they forget their purpose (Mackey & Sisodia, 2013). Whole Foods Market depicts an organization that deems core values to be what is truly important to them. Their core values include selling high quality products, satisfying the customer, supporting team members, increasing shareholder value, care of the community and the environment, partnerships with their suppliers, and promoting health through healthy eating. Whole Foods Market puts higher purpose and creating value for the stakeholders into every business decision they make. Another great representation of a business with core values, is the Zappos Family. They...
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...Organizational Goals and Objectives Whole food presents a “Declaration of Independence,” (the combined single mission statement) as follows: Our motto — Whole Foods, Whole People, Whole Planet — emphasizes that our vision reaches far beyond just being a food retailer. Our success in fulfilling our vision is measured by customer satisfaction, Team Member excellence and happiness, return on capital investment, improvement in the state of the environment, and local and larger community support. Our ability to instill a clear sense of interdependence among our various stakeholders (those who are interested and benefit from the success of our company) is contingent upon our efforts to communicate more often, more openly, and more compassionately. Better communication equals better understanding and more trust. Whole foods clearly has instilled in its core values the importance of having a balance within their stakeholders which makes whole foods have a inviting nature for all parties involved. Subsequently, the Whole Foods mission statement satisfies the needs of all stakeholders. Although, whole foods does pride that their costumer is their more valued stakeholder. Our customers are the most important stakeholder in our business. Therefore, we go to extraordinary lengths to satisfy and delight our customers. We want to meet or exceed their expectations on every shopping trip. We know that by doing so we turn customers into advocates for whole foods. We guarantee our customers 100%...
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...Whole Foods Markets: An Economic Buoy in a Sea of Uncertainty Whole Foods Markets: An Economic Buoy in a Sea of Uncertainty There are many economic factors affecting business today. This is no less apparent in the case of Whole Foods Market Inc (WFM); a leading retailer specializing in natural and organic foods. The economic, social, legal, technological, and competitive forces that affect other companies more directly affect a retailer with high visibility and a niche market such as WFM, yet the firm shows continued performance over competitors and increased profits for shareholders. WFM continues to navigate the market showing gains in profit, a dedication to the consumer, and competitive advantages that allow them to remain a strong competitor in a new and high growth market. WFM shows continual growth in a time of financial instability for many consumers and businesses. The growth plans of WFM have allowed the company to expand extensively over the last 33 years. The New York Times (2013) states, “As of September 25, 2011 Whole Foods Market operated 311 stores in the United States, Canada, and the United Kingdom” (Company Information). WFM has a strong history of growth that continues to be a basis of the company’s strategic plan. Current plans include the opening of 1000 stores in the United States in the coming years. This extensive growth plan can only be supported with a strong economic backing and the support of consumer spending. WFM has shown that they currently...
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...Topic: WHOLE FOODS MARKET : VISION, CORE VALUES AND STRATEGY Contents: * Introduction……………………………………………………2 * Main activity & Target group……………….......……………2 * Geographic Market & Acquisitions………......….….....…….2 * Challenges…………………………….………………………...3 * PEST…………………………………………………………….3 * Environmental analysis………………………………………...4 * Michael Porter 5 forces model…………………………………5 * Internal analysis………………………………………………...6 * Possessed Resources ……….………….……………………….7 * Strengths……………………………….……………………….7 * Weaknesses…………………………….……………………….8 * SWOT Analysis………………………….………………....…..8 * Current Economic Performance……….……………………..9 * Objectives………………………………….…………………...9 * Core values………………………………….………………….9 * Vision…………………………………………………………..10 * Mission…………………………………………………………10 * Strategy……………………………………....………………...11 * Conclusion……………………………………………………..11 Introduction I n 1978, 25-year-old college dropout John Mackey and 21-year-old Rene Lawson Hardy, borrowed $45,000 from family and friends to open the doors of a small natural foods store called SaferWay in Austin, Texas.When the couple got booted out of their apartment for storing food products there, they decided to simply live at the store. Two years later, John and Rene partnered with Craig Weller and Mark Skiles to merge SaferWay with their Clarksville Natural Grocery, resulting in the opening of the original Whole Foods Market on September 20, 1980....
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...January 22, 2012 Competitive Forces and SWOT Analysis Got organic? Concerns for healthier foods have led to consumers purchasing alternative foods. Consumers have found solace with organic foods. Organic foods are considered to be like natural foods. These foods do not contain any harmful processing agents or ingredients or chemicals and pesticides. Whole Foods Market is a producer and seller of organic foods. The trends associated with retailing of organic foods have impacted those of Whole Foods Market. Other supermarkets who are now selling organic foods have created a competitive environment in which Whole Foods Market must vie with. A SWOT analysis will reveal the key strengths, weaknesses, opportunities, and threats Whole Foods Market must face. A further analysis of these will be useful in Whole Foods Market maintaining a competitive advantage in the marketplace. Organic Food Trends “According to the USDA, 2000 was the first year in which more organic food was sold in conventional U.S. supermarkets than in the nation’s 14,500 natural foods stores (Thompson 2009, Pg. C-4).” Supermarkets have stocked more organic foods over the last decade and have even setup sections that only have organic foods in those sections. As consumers are becoming more health conscious, worried about what is in their foods, and concerned about soil and water conservation, organic foods have been growing by leaps and bounds in terms of sales (See Exhibit “A”). “Only one segment...
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...Whole Foods Market in 2010: Vision, Core Values, and Strategy 1. What are the chief elements of the strategy that Whole Foods Market is pursuing? The chief elements of the strategy that Whole Foods Market is pursuing are providing foods labeled natural and organic. Whole Foods executes that by offers the highest quality, least processed, most flavorful naturally preserved and fresh foods available. 2. Is Whole Foods’ strategy well matched to market conditions in the food retailing industry (one of the criteria for a winning strategy discussed in Chapter 1)? Yes, Whole Foods’ strategy is well matched to the market conditions. Their product line strategy is focused on providing natural, organic, and gourmet food and nonfood items to their customers. Whole Foods is recognized by the USDA as being a Certified Organic grocer by Quality Assurance International. This means that all their products are grown organically; the products are grown without the usage of pesticides, fertilizers, bioengineered, growth hormones, or antibiotics. 3. Do you think John Mackey has a good strategic vision for Whole Foods? Why or why not? Yes, I do believe that John Mackey has a good strategic vision. Now that organic food market is a fast growing market segment John Mackey got into the business of turning Farmers Markets is to Supermarkets at the right time. People are becoming more health-conscious than in years before, we as a people are more aware of what we are eating and what...
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