Whole Foods Market Strategic Audit I Current Situation a. Whole Foods Market‚ Inc. (WFM) reported on July 3‚ 2016 the results for 12 week third quarter. Total sales increased to a record $3.7 billion. Comparable store sales decreased 2.6%. Net income was $120 million‚ or 3.2% of sales‚ and had diluted earnings per share of $0.37 this equated to 8.8% of sales and adjusted return on capital was 13%. During the third quarter the company produced $189 million in
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Mission/External Analysis According to Whole Foods Market‚ Inc.’s Form 10-K from 2002‚ the company’s "goal is to become an international brand synonymous with not just natural and organic foods‚ but with being the best food retailer in every community in which we are located." The vision of Whole Foods goes deeper than just being a successful grocery store. The company is dedicated to ultimately improving the world in general; it plans to do this by continuing to focus on its immediate visions
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retailing of organic foods and the impact of these trends on Whole Foods Market. Existing trends in the retailing of organic foods are healthier eating habits‚ concern over purity of foods‚ health-consciousness and the idea that eating organic foods have a positive effect on the environment (Thompson‚ 2010). The craze of purchasing only organic foods has an effect on not only Whole Foods but on many supermarket chains. Although organic foods are marked up in comparison to processed foods there is much
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1.) The Whole Foods strategy seeks to provide products of the best quality to its customers by maintaining high standards that the farmers‚ organic growers must match. The strategy also involves providing best tasting food and foods that are fresh‚ wholesome and safe to eat. It also involves promoting organically grown foods to exercise their influence on the people and the industry. Customers are the most important stakeholders responsible for the growth of Whole Foods Market‚ thus satisfying their
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Whole Foods Market: A US Company selling China’s Produce In the past decade many people have taken an interest in the organic vs. non-organic food campaign. Some consumers believe that certain pesticides used on plants are unsafe. Whole Foods Market is the largest grocery store chain that claims to sell “the highest quality natural and organic products”. Which in fact is part of their logo. However‚ this has been challenged by ABC affiliate WJLA news report originally aired in 2008. The
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Whole Foods has many intriguing aspects as an organization. Cultural values‚ employee appreciation‚ and the idea of being conscious of healthy living and eating are factors that make Whole Foods appealing to work for. This appeal is sure to draw the attention of a variety of candidates; embracing and utilizing diversity is a characteristic of strength that most companies haven’t mastered yet. The cultural values of Whole Foods cannot be ignored. Corporate social responsibility is
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dollar against Euro‚ increase in the interest rates. ==> Moderate impact Socio-cultural factors - Increase a more healthy consciousness spirit. - Social pressures regarding the environment and animal welfare. - Trend to cook organic products with Whole Foods market’s cooking initiation. - Greater knowledge of links between
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Case #2: Whole Foods Market Case Questions 1. What are the chief elements of the strategy that Whole Foods Market is pursuing? Whole Market Foods strategy is in pursuit of offering the utmost quality‚ least processed‚ most appetizing naturally preserved and fresh foods. By concentrating on growth‚ store location‚ product line‚ pricing‚ and merchandising‚ Whole Foods Market is in search of promoting healthier lifestyles while also educating consumers in regards to food and the environment
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plays at Whole Food is a very ethical business practice. His focus is on a conscious level on all aspects of business roles such as management and leadership. McGregor theory flourishes with ideas on building a strong foundation of success and equal opportunities. McGregor vision a higher purpose for Whole Food stores through a consciousness of leadership‚ culture‚ and stakeholder models. These models will have everything to do with whole food. For instance‚ the employees and the setup of Whole Food
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References………………………………………………………………...……..Page 5 Introduction Whole Foods started in 1980 when it’s CEO‚ John Mackey merged his store‚ SaferWay‚ with a competitor‚ Clarksville Natural Grocery. Since then‚ Whole Foods has expanded to 275 locations in North America and United Kingdom with 47‚000 employees‚ making it the world’s leading supermarket retailer of natural and organic products (Harbin and Humphrey‚ 2013). With a mission to promote the vitality and well- being of individuals‚ Whole Foods strives to maintain the strictest
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