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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Case Analysis Whole Foods Market in 2010: Vision‚ Core Values‚ and Strategy By: Katie Hollar Baker College Online Case Analysis Whole Foods Market in 2010: Vision‚ Core Values‚ and Strategy Overview Whole Foods Market was established in Austin‚ Texas in 1980 as a natural and health food supermarket‚ and it has since become the world’s largest supermarket chain in organic and natural foods. Whole Foods Market had 289 stores located in Canada‚ Great Britain‚ and predominantly in the
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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. What role‚ if any‚ does McGregor’s Theory Y play at Whole Foods? Explain. “McGregor believed managers could accomplish more through others by viewing them as self-energized‚ committed‚ responsible‚ and creative beings” (Kreitner & Kinicki‚ 2013‚ p. 9). Mackey believes that if his employees are happy‚ customers will be happy‚ which in turn will make investors happy. Therefore‚ nobody is losing because each person can be satisfied and get his or her “piece” of the pie. Based on how Mackey describes
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The Whole Foods business model is completely dedicated to McGregor’s Theory Y (Kreitner‚ 2013). The entire route to market system relies on a conscious capitalism culture of shareholders‚ employees‚ and leaders that are committed to the heroic higher calling to “try to change the world‚” (Kreitner‚ 2013). Whole Foods believes that creating that culture will result in higher service levels‚ making happier customers that will drive continual growth. Whole Foods looks within and starts at the employee
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Whole Foods Markets’ sales have been in decline since last year due to intrusion from mainstream and specialty grocers. Whole Foods plans to revive its growth by starting a lower-priced chain aimed at millennials in 2016. These stores will be called 365 By Whole Foods Market and will concentrate on the sale of its private label inside a smaller footprint‚ and provide a technology-infused shopping experience. It is my opinion that the creation of Whole Foods 365 is a strategic blunder because (1)
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Organizing for International Business Activities I. Selecting a Global Company Structure Whole Market Foods (here by called the company) is a domestic company headquartered in Austin‚ Texas‚ United States operating 284 stores in the United States and 11 internationally as of September‚ 2009 (Annual Stakeholders Report 2009). The company is operating through subsidiaries (here by called stores) domestically and internationally and are wholly owned by the company. Local stores domestically
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Whole foods case study Organizational Behavior 1. What role‚ if any‚ does McGregor’s theory Y play at Whole foods? Explain. Theory Y view employees are capable of self-direction‚ of seeking responsibility‚ and of being creative according to the text. Companies want to have happy consumers and in order to obtain this they need happy employees. Management needs to be creative and find ways to keep employees involved. Management makes sure they hire good people; they want employees who will
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WHOLE FOODS MARKET ENTERPRISE LEVEL GOALS Whole Foods Market is a foods supermarket chain based in Austin‚ Texas which emphasizes "natural and organic products." The company has been ranked among the most socially responsible businesses. In the words of John Mackey‚ Founder and CEO of Whole Foods Market‚ the goals of the company are 1. Satisfying & delighting customers 2. Increased financial resources 3. Community and environmental responsibility 4. Team members happiness Whole Foods is
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SWOT analysis on Whole Foods Market. The strength is being one of the top grocers in the U.S. by providing healthy and organic food. The option to purchase high quality natural food is available for consumers who are health conscious. The weakness for Whole Foods is viewed as a luxury shopping destination. Lower and middle class people with limited finances cannot afford to shop there on a regular basis. The opportunity is available to expand within international markets. Whole Foods can explore nonexistent
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