Preview

Whole Foods

Powerful Essays
Open Document
Open Document
3063 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Whole Foods
Patrick Arnason MGMT 475 Paper #1 1/23/12
Ensuring Whole Food 's Future
The organic foods giant originated in 1978 as a simple dream by its CEO and founder John Mackey: to do something different with food. His vision first began with the simply realization of food 's importance in personal well-being. It all began as a humble storefront in Austin Texas, Mackey and his then girlfriend, Renee Hardy, who made everything from scratch and helped develop this grocer empire. Together, their budding company became America 's first national certified Organic grocer (Whole Foods Market, 2011). Today, with over 330 stores expanding across North American and the UK and with around 60,000 employees, Whole Foods Market is the world 's largest grocer of natural and organic foods.
Current Strategy
Whole Food 's path to international success stems from CEO and founder, John Mackey 's initial vision for the company, “To promote vitality and well-being for all individuals by offering the highest quality, least processed, most flavorful natural and naturally preserved foods available.” (John Mackey) Rather than becoming one of the dime-a-dozen smaller retail chains throughout America, Whole Foods set out to open its own massive stores of around 50,000 square feet (Meador & Britton). After Austin Texas, they expanded out to Houston, Dallas, Palo Alto, and even Eastward to New Orleans during the 1980 's. As Whole Foods continued to expand, through both opening new stores and merging with other companies, it began acquiring existing natural food stores, so that some twenty years later in 2006, it was the nation 's largest natural/organic retailer. From day one, their concept has been to create an inviting and interactive store atmosphere where shopping for food was a fun and pleasurable experience.
Analysis of the Industry
The Grocery industry, which includes conventional supermarkets, supercenter, limited-assortment and natural gourmet supermarkets, netted approximately



Cited: Dess, G., Lumpkin, T., Eisner, A., & McNamara, G. (2012). Strategic Management: Creating Competitive Advantages (6th Edition ed.). McGraw-Hill Irwin. Marquis, C., Besharov, M., & Thompson, B. Whole Foods: Balancing Social Mission and Growth. Harvard Business School. Meador, D., & Britton, M. Case-Analysis-WFM. Organic Foods Production Act of 1990 (November 10, 2005). The Natural Industry. (2012). Natural and Organic Food Industry. Retrieved from Natural Industry Jobs: naturalindustryjobs.com/natural-organic-foods.asp Thrill, C. (2013, January 17). National Grocers: Vast Runway for Growth In A Surging Industry. Seeking Alpha . Warner, M. (2006, May 12). Wal-Mart Eyes Organic Foods. Whole Foods Market. (2011). FORM 10-K. Washington D.C.: United States Securities and Exchange Commission.

You May Also Find These Documents Helpful

  • Powerful Essays

    SIB429 Whole Food

    • 3764 Words
    • 12 Pages

    Whole Foods Market defines its mission in terms of “Whole Foods, Whole People, Whole Planet,” incorporating…

    • 3764 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    John Mackey, founder and CEO of Whole Foods Market, is one of the largest natural and organic food retailer worldwide. Throughout the article Mackey has made numerous accomplishment on many occasions with his business. In the article Mackey talks about his competitors, and how his company is different from other food retailers. Mackey talks about his management styles and what he believes to be, the best way to run his business. Throughout the Whole Foods article Mackey speaks of Organizational structure and how and why he uses centralization and decentralization throughout his company.…

    • 552 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Whole Foods Market is a foods supermarket which emphasizes "natural and organic products, the largest U.S. natural and organic grocer.…

    • 1382 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    In 2012, Whole Foods was the industry leader with having over 30% of the Organic Market sales. Whole Foods has continued to have increasing sales and profit growth every year. Their net income gain has quadrupled since 2008, going from $114 million to $456 million. (Market Watch) They have been able to sustain a higher gross margin and to increase sales while maintaining costs of expenses, which is currently at…

    • 2425 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Whole Foods Market has managed to build a strong brand reputation and has achieved having unique products in their stores. They’ve mastered the ability to offer high quality organic food and carry a variety of products, which most organic markets are not able to achieve. Furthermore, when visiting their stores customers are welcomed into a positive employee environment (Whole Foods SWOT, n.d.).…

    • 271 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Whole Food Market has become the largest retailer of natural foods in the United States. The company's fundamental values are the commitment to promoting sustainable food production practices and social responsibility; meanwhile, they also generate significant profits to satisfy the requirements of the traditional bottom…

    • 243 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    The cornerstone of Whole Food’s strategy is to carry the highest quality, lowest processed-foods, and the most flavorful and natural preserved foods available. Whole Foods deepest purpose is to help support the health, well being, and healing of people (customers, the Whole Foods team, and businesses) and the planet. John Mackey, cofounder and CEO of Whole Foods, attributes the rapid growth and success of Whole Foods to developing and maintaining a uniquely mission-driven company; a company that is highly selective about what is sold, that remains dedicated to its core values and high quality standards, and is committed to sustainable agriculture. Whole Foods wanted to be the international brand for natural and organic foods and be the best food retailer in every community in which Whole Foods Markets were located. The chief elements of Whole Foods strategy are as follows:…

    • 5601 Words
    • 23 Pages
    Powerful Essays
  • Good Essays

    Prior to the recession of 2008, Whole Foods’ strategy focused on Growth, Store Location, Product Line, and Pricing. After going public in 1991, Whole Foods implemented a Growth strategy that included opening new stores and acquiring smaller chains in attractive markets. Store Location strategy involved finding locations in affluent, urban areas. High traffic shopping destinations and prime real estate spots were part of this Location strategy. The strongest strategic element Whole Foods adopted was its Product Line. Whole Foods specialized in a huge selection of organic and natural foods not found in traditional grocers. Pricing strategy for Whole Foods aimed to be competitive. A majority of its private label foods…

    • 824 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Whole Foods Strategic Plan

    • 1273 Words
    • 5 Pages

    Whole Foods Market, Inc. which is headquartered in Austin, Texas, is an American foods supermarket chain it was founded by John Mackey who currently serves as the CEO of Whole Foods. To sum up their mission and vision statement, Whole foods as a company strives to help out in promoting positive health and well-being of people, this includes team-members, customers and the whole planet in general. Some of their core values include:…

    • 1273 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Whole Foods established as a business with seven “core values” which embody doing what you say you are going to, operating a fair business, and being good…

    • 424 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Whole Foods Market

    • 1462 Words
    • 4 Pages

    C. Enterprise Strategy - According to Whole Foods.com, Whole Foods has several local and global enterprise strategies. Locally all Whole Foods stores donate to area banks and shelters. Then several times a year the stores will hold a “5% day”, where 5% of all their net sales are donated to a local nonprofit or educational organization. Furthermore, on a global level, Whole Foods has several foundations that work towards poverty relief in developing countries.…

    • 1462 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Whole Foods

    • 2291 Words
    • 10 Pages

    From the fairly humble beginning of being a one-store entrepreneur living on the third floor and taking baths in the dishwasher, John Mackey has seen his 1978 Safer Way grocery store grow into an $8 billion a year corporation. As of September 2008, Whole Foods had 264 stores in the United States, six in Canada, and five in the United Kingdom. Whole Food’s is now the leading chain of natural food supermarkets in the United States. The company 's stores average 28,500 square feet in size and feature foods that are free from artificial preservatives, colors, flavors, and sweeteners. They also offer many organically grown products. Many locations include in-store cafes and juice bars. Whole Foods has also developed a growing line of private label products such as organic pasta, freshly roasted nut butters, oak-aged wine vinegars, and aromatic teas. After the company was founded in 1980 with a single store, it grew dramatically into a chain of more than 130 stores in 25 states, the District of Columbia, and Canada. It is a Fortune 1000 company, ranked as the 41st largest U.S. supermarket and the 730th largest U.S. company overall. There are few companies that attract the kind of following Whole Foods and its CEO/founder has both among its customers and the national media. Their corporate website averages more than 50,000 visitors a day. Through a long series of acquisitions, John Mackey has created a niche retailer which enjoys lofty profits in a very price competitive industry that is typically characterized by accordingly low profit margins. Whole Foods had 275 stores, and 50,000 plus team members in 2008 with a goal of 1,000 stores open in the future (Whole Foods Market, 2008a).This ever-evolving, often controversial organic retailer is facing several major strategic issues in both its external and internal…

    • 2291 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    Whole Food

    • 2211 Words
    • 9 Pages

    Whole foods was founded in 1980 in Austin, Texas with the staff of only 19 people and by 2009 whole foods was a leading brand in natural and organic food industry with 289 stores in USA, Canada and in Great Britain. Whole Foods offers highest quality, least processed, most favorable naturally preserved and fresh foods available, and it marketed them in appealing store environment with best customer service.…

    • 2211 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    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.…

    • 1041 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Case 2: Whole Foods Market

    • 1281 Words
    • 6 Pages

    2. Is the Whole Foods’ strategy well matched to market conditions in the food retailing industry?…

    • 1281 Words
    • 6 Pages
    Powerful Essays

Related Topics