Strategic Review
Whole Foods Market is one of the top retail stores dealing with organic and natural foods in the United States. The company operates and owns a chain of organic and natural foods supermarkets across the United States and Canada. In essence, the company has been able to reach large number of customer by operating through several subsidiaries, and Whole Foods is the first company in the United States to be awarded the first "Certified Organic" grocer. Whole Foods Market was incorporated in 1978 and started the organic and natural foods business in 1980. Within the last 35 years of its operations, the company has become the largest retailer in the organic and natural foods. The success that the company has enjoyed over the years makes the Whole Foods and ABC Company considering integrating their business portfolios.
Objective of this report is to provide a top-notch advice to the Whole Foods Company on the strategy move to integrate with the ABC Company.
Mission
Whole Foods mission is "to promote the vitality and well-being of all individuals by supplying the highest quality, most wholesome foods available." (Annual Report, 2013 p 1). The mission of the Whole Foods is to use high standards and quality as its pertinent. The company core mission is also to devote to the promotion of healthy eating, organically grown food as well as sustainability of the entire ecosystem. The company aims to set a standard of excellence within the retail food industry.
Vision
Our vision statement is to expand beyond being a food retailer. To fulfill our vision, we will measure our success towards customer satisfaction, return on assets, and team member satisfaction. We strive to enhance a better communication with our stakeholders to achieve a financial success.
Core Values
Whole Foods aims to create values for its major stakeholders, and the company core values are as follows:
To sell organic and natural products that commands the highest quality in the market.
To nourish, satisfy, and delight our customer.
To support our team member excellence and happiness.
To create wealth through growth and profits.
To support and serve our global and local community.
To practice and advance our environmental stewardship.
To create a win-win relationships with our suppliers, and Promoting the core health of our stakeholders using a health heating education.
The study provides the situational analysis of the company to enhance a greater understanding of the current business and financial performances of the Whole Foods.
Situational Analysis
Since 2002, Whole Foods...
Business Feedback Loops and Organizational Learning at Whole Foods Market To remain competitive and responsive to internal and external pressures, firm need to observe and monitor the outcomes of their activities (Mintzberg et al., 2011). Feedback loops explain the way in which processes may be maintained, or change takes place. In line with other businesses, Whole Food Markets cannot avoid the presence of feedback loops. When the feedback loops are recognized, they
This is challenging, as it will require Whole Foods to continue to adapt in order to make themselves stand out. Prices can have a negative impact on the firm's bottom line results. This is occurring through increasing costs on the wholesale level and tremendous amounts of discounting. Over the course of time, these factors can hurt the company's earnings and ability to maintain their competitive position. ("Global Food Retailing
The analysis of the weaknesses and threats are based on an analysis of the companies' filings with the Securities and Exchange Commission (SEC), specifically their annual reports, 10Qs and periodic filings of business activity. Table 2: While Foods SWOT Analysis Strengths: Continued revenue growth despite a challenging economy Well-executed growth strategy domestically in the U.S. And globally Strong growth in brand equity and value as a trusted advisor in organic foods Strength in acquiring and
Whole Foods Market Significant key points Key financial indicators Graph of sales growth from year 2002 until 2011. Opportunities Threats Strengths Weakness SWOT and TWOS analysis TOWS Strategic Alternatives Matrix Pros and Cons Implementation Evaluation and control The Whole Foods Market is a progressive and focused corporation with presence in three developed markets including U.S., United Kingdom, and Canada. The company has achieved growth since its inception. The increasing market share of the company has enabled it to expand in international markets. The
Strategic Review -- Whole Foods Organizational diagnosis of Whole Foods, Inc. involved environmental and institutional analyses. The environmental analysis involved categories of political, economic, social, technological, geographical, community relation and informal sector network, seeking to discern opportunities and threats. The institutional analysis involved categories of organizational role & profile; membership; programs and services; resources and capabilities; management systems; and external links, seeking to discern strengths and weaknesses. The combined environmental and
System Feedback Loops of Whole Foods Systems model use two basic feedback loops, so-called Balancing and Reinforcing loops, to illustrate the relationships between growth and goals. This paper identifies one Balancing Loop and one Reinforcing Loop that are critical to Whole Foods Market's performance and success. An explanation of each of these feedback loops, including the causal factors and how they affect each other, is followed by a discussion concerning an
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