Human And Social Capital At Whole Foods

Whole Foods Market is one of the biggest organic and natural whole food suppliers in the world. They provide a wide variety of select foods that are without hormones or antibiotics and are stamped with the U.S. Department of Agriculture’s stamp of approval. They value the fact that they can provide people with access to healthy food and be identified with being socially and environmentally responsible.

All in all, Whole Foods Market Inc. is the most influential organic food retailer in the word. It built its motifs centered around its social responsibilities. The company’s green mission, Whole Foundations, and Whole Trade Guarantee showcase its commitment and reslince in supporting and bettering the world’s community busing food as the

Who exactly are Whole Foods? They are one of the finest natural and organic foods grocery store in the US. The store maintains the strictest quality standards in the natural foods industry and an unshakable commitment to sustaining agriculture. Whole Foods as a brand are currently growing and spreading like wildfire. Moreover, with the successful chain planning to open 100 new stores by 2017, we are yet to see how much more the organic grocer has lined in store for us.

Whole Foods Market, Inc. has long been admired as an innovative company with quality standards, a devotion to community and environmental responsiveness, a healthy growth model and highly-regarded employment practices. However, the company has faced recent difficulties as a result of the economic recession, increasing competition, and complications from acquisitions. To revitalize the company from historical lows in its toughest year in history, Whole Foods Market must reassess its costs, refocus its expansion strategies, and promote its brand to compete for the diminishing consumer spending dollar.

The factors that would appeal to working at Whole Foods are that they values employees. When a company give employees the resources they need to be successful, this goes a long way with the employee. The employee feels empowered, will be loyal the company, and to management. Employees will go out of their way for the company if management makes them feel valued and appreciated (Kainkan, (2015. Knowing that management ways you to be successful makes the employee want to do everything they can to do exceptional quality work for the customers and are committed to achieving the company’s goal. This dedication is directly benefited by profits for the company.

Hollywood film writers understand the impact organizational behavior has in corporations across America. By creating comical movies such as Horrible Bosses it is evident the issue is far more prevalent than just limiting the problem to one organization. The movie Horrible Bosses focuses on three main characters who dislike their boss and the organization. These individuals formulate a strategy to remove their boss. The movie is quite comical however, it brings out real life emotions and frustrations when an organization has dissatisfied employees and horrible bosses. Whole Foods has several factors that are appealing in seeking employment with this organization; however, the two main ones are innovation

Whole Foods has employees who are dedicated to being the absolute best they can be for the company. And in turn the company invests in their employees. The employees treat

When considering factors that make Whole Foods an appealing company, I would have to say first, that comes to mind is their approach to fostering strong value in their employees. The thought process behind taking care of your employees and working as a team is something I hold dear to my heart. I grew up in the military as a young adult where teamwork is key to success. The way this company utilizes this approach to management is ideal for building a committed and strong work force.

Whole food sucess inpart is its belef in human captial. Whole Foods’ web site states, “Our company continually improves through unleashing the collective creativity and intelligence of all of our team members. We recognize that everyone has a contribution to make. We keep getting better

The question that begs to be answered is, what is human capital? According to OECD (as cited by Soboleva, 2010) Human capital is “the knowledge, skills, competencies and attributes embodied in individuals that facilitate the creation of personal, social and economic well-being.” Whole Foods builds human and social capital in a variety of ways. Whole Foods trains employees to flourish in the workplace and to contribute to the overall health and prosperity of the company Whole Foods is also committed to ensuring that employees know their worth to the company Building a happy customer base ensures that they will be loyal customers, and in turn will bring more customers. Whole Foods invest in and values their employees The employees understand

In order to understand how Whole Foods builds human and social capital, it is important to understand what human and social capital is. Human capital is the “knowledge, information, skills, and health of individuals’” (Wright & McMahan, 2011, pg. 2). However, social capital is somewhat thought of in the idea of location (Paldam, 2000, pg. 3). In my opinion, Whole Foods is able to build both human and social capital because they use their employees in a way that everyone has their own part to play within the organization. This will ensure that goals are met each and every day.

Whole Foods has been adaptive in fitting its competitive strategy to its situation. The store first grew to prominence by being a stylish antithesis to the crunchy mom-and-pop organic grocery stores, providing a relatively normal but

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.

Whole Foods Market has expanded by a mixture of opening its own new stores and acquiring already existing stores. Today WFM does not follow this strategy, instead their motivation is to open its own large stores. This is due to noticeable sales differences in larger stores as opposed to smaller stores. WFM locates these newer stores in upscale areas of urban metropolitan centers and high-traffic shopping locations. Not all WFMs are isolated structures; some are located in strip malls. WFM offers a larger selection of natural and organic foods than any other grocery store. WFMs marketing expenditure is extremely small. They spend a measly 0.5% of their revenues on advertising. Their chief marketing strategy relies on word-of-mouth. WFM strives to meet or exceed customer expectations. This is so customers receive competent, knowledgeable, and friendly service and become advocates of WFM. The employees here have a decentralized team approach for store operations. This is so some personnel, merchandising, and operating

Over the past few decades, the diet and health food industry has become big business. Americans, along with people in many other countries, have become more educated about the benefits of exercising regularly and eating healthy. Whole Foods Market is pursuing a business strategy that strives to offer products that are of the highest quality, least processed, most flavorful and natural foods possible (Whole Foods Market,