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Whole Foods Market
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Business Policy and Strategic Management
Spring 2009

Team C

TABLE OF CONTENTS
Section 1: Case Study of Whole Foods 1 1.1 Historical Background 1 1.2 Organization Mission 1 1.3 The External Environment 2 1.3.1 Remote Environment 2 1.3.2 Industry Environment 3 1.3.3 Operating Environment 3 1.4 The Internal Environment 4 1.5 Generic Strategy 4 1.6 Long-Term Objectives 5 1.7 Grand Strategies 6 1.8 Short-Term Objectives 6 1.9 Functional Tactics 7 1.10 Strategy Execution Policies 8 1.11 Executive Bonus Compensation Plans 8 1.12 Organizational Structure, Culture, and Leadership 9 1.13 Strategic Control 10 1.14 Innovation 10
Section 2: Identification of Key Strategic Issues for Whole Foods 11
Section 3: Analysis and Evaluation of Whole Foods 12 3.1 The External Environment 12 3.2 Industry Analysis 12 3.3 Internal Analysis 14 3.3.1 Resource-Based View 14 3.3.2 Value Chain Analysis 15 3.4 SWOT Analysis 16 3.5 Mission Statement Analysis 16 3.6 Generic Strategy Analysis 17 3.7 Long-Term Objectives Analysis 19 3.8 Grand Strategy Analysis 20 3.9 Short-Term Objectives Analysis 21 3.10 Functional Tactics Analysis 22 3.11 Strategy Execution Analysis 23 3.12 Executive Bonus Compensation Plans Analysis 23 3.13 Organizational Structure, Culture, and Leadership Analysis 24 3.14 Strategic Control Analysis 25 3.15 Innovation and Entrepreneurship Analysis 25
Section 4: Recommendations 27 4.1 Major Insights of External Analysis 27 4.1.1 Remote Environment 27 4.1.2 Industry Environment 28 4.1.3 Operating Environment 29 4.2 Major Insights of Internal Analysis 30 4.3 Mission Statement 30 4.4 Generic Strategy 31 4.5 Long Term Objectives 32 4.6 Grand Strategies 32 4.7 Short Term Objectives 34 4.8 Executive Compensation 35 4.9 Effective Strategy Implementation 36 4.10 Control Recommendations 37 4.10.1 Premise Control


Cited: “About Whole Foods Market | WholeFoodsMarket.com.” Whole Foods Market: Natural and Organic Grocery. 2009. 04 Mar. 2009 . “A Big Delivery For Whole Foods.” WDIV ClickOnDetroit.com. 9 Mar. 2009 . Dess, Gregory G., and Joseph C. Picken. “Changing roles: Leadership in the 21st century.” Organizational Dynamics (2000). ScienceDirect. Auraria Library, Denver. 8 Mar. 2009 . Dvorak, Phred. “Limits on Executive Pay: Easy to Set, Hard to Keep.” Yahoo! Finance. 20 Apr. 2007. 09 Mar. 2009 . “Fair Trade Certified | Transfair USA | Press Releases.” Transfair USA | Welcome. 17 Mar. 2009 . Fishman, Charles. “Whole Foods Is All Teams.” Fast Company. 18 Dec. 2007. 09 Mar. 2009 . “Green Mission | WholeFoodsMarket.com.” Whole Foods Market: Natural and Organic Grocery. 2009. 04 Mar. 2009 . Gottschalk, Mary. “Whole Foods locations still a go; construction costs cause delay.” Mercury News 16 Dec. 2008. 8 Mar. 2009 . Hamner, Sussana, and Tom McNichol. “Ripping up the rules of management.” Business 2.0 May 2007. CNNMoney. 8 Mar. 2009 . Hytrek, Nick. “Whole Foods Grocery Chain to Buy Locally Produced Organic Food from Innovative Iowa County.” Sioux City Journal 14 Sept. 2006. Organic Consumers Association. 28 Mar. 2009 . “Leadership Team | WholeFoodsMarket.com.” Whole Foods Market: Natural and Organic Grocery. 2009. 04 Mar. 2009 . Moore, Angela. “Whole Foods profit slips, but shares rise.” Market Watch. 31 July 2007. 4 Apr. 2009 “100 Best Companies to Work For: Whole Foods Market.” Fortune Magazine “Organic Food Industry Profile.” Organic Food Industry Profile. 08 Mar. 2009. Auraria Library. 10 Apr. 2009 . “Our Core Values | WholeFoodsMarket.com.” Whole Foods Market: Natural and Organic Grocery. 2009. 04 Mar. 2009 . "Our History | WholeFoodsMarket.com." Whole Foods Market: Natural and Organic Grocery. 4 Mar. 2009 . Pearce, John A., and Richard B. Robinson. Formulation, Implementation, and Control of Competitive Strategy. 11th ed. New York: McGraw-Hill/Irwin, 2009. Porter, Michael E., and Mark R. Kramer. "Strategy & Society: The Link Between Competitive Advantage and Corporate Social Responsibility." Harvard Business Review 84 (2006): 78-92. Academic Source Premier. EBSCOhost. Auraria Library, Denver. 7 Mar. 2009 . “Real Estate Development | WholeFoodsMarket.com.” Whole Foods Market: Natural and Organic Grocery. 30 Mar. 2009 . "Section 14A Whole Foods." EDGAR. 26 Jan. 2009. Securities and Exchange Commission. 10 Apr. 2009 . Shaddock, Samantha. “Grocery Stocks: Safeway Sacked.” Stock Quotes, Financial Market & Wall Street News. 26 Feb. 2009. 04 Mar. 2009 . Tapscott, Don. The High Performance Enterprise: Bridging the Strategy-Execution Gap. Rep. Sept. 2002. 8 Mar. 2009 . “The Winning Ways of Whole Foods Market.” Brand Autopsy. 16 Oct. 2005. 08 Mar. 2009 . “WFMI: Major Holders for Whole Foods Market, Inc.” Yahoo! Finance. 04 Mar. 2009. 04 Mar. 2009 . Whole Foods 2008 Annual Report. Rep. 2008. Whole Foods Market. 7 Mar. 2009 . "Whole Foods Market, Inc." Hoover. EBSCO. Auraria Library, Denver. 15 Apr. 2008. Keyword: Whole Food Market. “Whole Foods Profit.” Business, financial, personal finance news - CNNMoney.com. 18 Feb. 2009. 04 Mar. 2009 . Wojcik, Joanne. "Bonuses, commissions spur workers to better health | News, Analysis & Articles." Business Insurance. 09 Mar. 2009 . Zolezzi, Anthony. "Company Insights, Whole Foods vs. Wild Oats; Anthony Zolezzi.com." Anthony Zolezzi.com; Organically created tools for positive change. 04 Mar. 2009 .
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