Friedman Mackey And Mackers Case Study

John Mackey and Renee Lawson Hardy, the co-founders of the current Whole Foods Market, simply wanted to provide quality healthy food to the American consumer. This was about three decades ago when the first store opened. According to Mackey, making money was not the first priory, but helping people to eat better was. Happily for Mackey and Lawson, the residents of Austin Texas were hungry, no pun intended, for just this type of product. At the time, though there were several small independent healthy food stores, there was not a full sized grocery store. This is what set Mackey and Lawson apart from their competitors, their enormous sized health food grocery store was a huge success and now Whole Foods Market (WFM) is not only a

Joe emerged his business by perusing his desire to run a business on his own. Together Joe and Larry took the risk and began Bannes-Shaughnessy Inc. in 1972 (Katz, 2011). Despite their prior experience and low amount of capital they began with, within five years they had received their first million dollar contract, proving their existence. From here on out their firm grew, so did their success, and in turn were helping the community. Joe was compassionate and his work and business reflected that. Their families were benefiting from their success as well as their own lives. They were perusing their dreams, and once Joe became the sole owner, he was able to take the business to the next level. It is as if he was beginning the growth stage again within his own company, he could now continue on focusing on the expansion and diversification of his

Social responsibility is a great way to not only to make profit; consequently, as well as building a

The owner had a company meeting one Saturday morning and tried to explain what he had set for his goals of the company. “We are going to take on more items to repair and sell, we are going to branch out our services to hardware stores and nursing homes”, he explained. Well right off the bat I was not real sure what he meant by this. Like our text says “such goal statements sound good, but, quite honestly, they are too vague to exert any real influence”. (Influencer, 2013, pp16-17). That statement can’t be more right. This guy started taking in everything from VCRs to children’s battery operated power wheels

Upon review of the information provided, it is clear that a vision set forth by Upper management, President and CEO Edgar Bronfman, Jr. had not been implemented and there is much work that needs to be completed to fulfill his legacy. Bronfman’s statement was clear and concise with a vision to be sought after no matter the cost. His vision, according to Jick & Peiperl, 2011 is for Seagram’s to be the “best managed beverage company” (p. 255). Bronfman had an idea/image of how he wanted Seagram’s to be viewed by the world and its employees. His vision offered a baseline for all employees to follow which in turn offers a one company initiative. Offering this baseline for the corporation leaves no chance for deviation from the cause. This company with deep roots in diversity and was losing ground due to changes in the new ideas of sobriety, increases in taxes on liquor, the 1990s recession, increased government regulation and social criticism (Jick & Peiperl, 2011). To define this project is to give direction and purpose to Bronfman’s word by backing them with actual progress towards his vision. This vision for Seagram’s is to not be confused with the need of the newly acquired MCA Corporation. This company should have its own visions and values.

McGregor's third section of Theory Y best demonstrates Whole Foods role in management. Section three covers how people generally become committed to organizational objectives if they are rewarded for doing so (Kinicki & Kreitner, 2013, pg. 9). I believe Mackey's beliefs towards organizational behavior and management is more realistic and fair for both leaders and employees. Whole Foods uses the Theory Y strategy throughout their nationwide chain and obviously success is evident with the continued growth of the organization. One may wonder how large organizations operate in the confines of Theory Y? Meeker accounted in his article entitled "Theory Y: Another Look" states that even in the absence of leadership and his/ her sanctions because it's desgined to reach the employee's attitude as well as their behavior (Meeker, 1982, pg. 508). With strong leaders and accountable employees Theory Y

Because Company Q is a small, local grocery store in a major metropolitan area it can at times be very over whelming. Big chain stores are putting family owned stores out of business on a constant basis. This reason, along with social responsibility taking hold of companies, brought on by consumers demanding that companies adjust their thinking from a profit-seeking standpoint to being socially and ethically understanding to all consumers in their business ventures.

they chose to do business would ensure that they are viewed as a valuable member of the community. I

Servant leadership in Whole Foods Market goes beyond serving the employees and the customers of the stores. Although, employee and customer based servant leadership does exist, Whole Foods Market believes it has a responsibility to apply servant leadership to their communities as well. Whole Foods Market teaches servant leadership through modeling from the top down. In 1985, Mackey devised Whole Foods Market “Declaration of Interdependence”. He wanted to develop a new stakeholder philosophy for the company by removing the mindset of simply working to increase profits. Makey stated, “They would at all times keep in mind the needs of employees, customers, suppliers, the environment and community as well” (Flock, 2010). This servant leadership conviction begins with John Makey. In 2006 he sent a letter to all the team members in the organization. In the letter he stated as of January 1, 2007, he would reduce

The youthful exuberance of the book does not detract from the professionalism of the message. Mycoskie hits, again and again, the idea that helping the world can be profitable, with plenty of quotes and examples from business leaders and entrepreneurs. He is not a wide-eyed college freshman but a battle-tested visionary,

Michael Sandel on the other hand, has an opposite view and believes that by using business to solve social issues can and will turn us into a market society. His examples on how we can upgrade

An experienced business administrator who holds a bachelor of arts in economics from Harvard University, Brian Mullaney served as senior vice president and creative director of the New York City advertising agency J. Walter Thompson before establishing his own Clio-winning high-tech marketing firm with an associate. While serving as chief executive officer of this firm, he cofounded Smile Train, a charitable organization that provides surgical services to repair the cleft palates of children in poor and developing countries. Brian Mullaney went on to serve as president and chief development officer of Smile Train for more than a decade.

Marketed as ‘America’s healthiest grocery store’ the company has successfully grown to 408 stores across the world with sales of $14 billion in 2014 (Whole Foods Market, 2015). The firm is positioned as an upmarket grocery due to the emphasis on natural, organic origins, and as a result are able to charge a premium for their products. Through efficiently running its operations and stores, Whole Foods are able to maintain healthy 4.02% profit margins (Financial Times, 2015) and operating margins well above the American grocery store industry average at 6.58% (Bloomberg, 2015). Looking at 2015’s quarter 1 figures it is clear to see that Whole Foods have had a hugely successful year with sales of $4.7 billion, up 10% from the same period last year. Furthermore, they opened 9 new stores and have signed a further 11 new leases.

Given the statements from John Mackey, it is his vision to create a positive working environment and Theory Y plays somewhat of a role at Whole Foods. Although Whole Foods wants to

To what extent do Professor 's Ariely 's ideas help us evaluate the effectiveness of Jamie Oliver 's management approach?