1. Introduction
1.1 Company background
1.1.1 Company Establish
Whole Foods Market is company enforce on organic food Three decades ago, John Mackey began his own grocery business with a single store which he has now grown to nations leading natural food chain. Whole Foods Market was an early entrant into the organic food market and they have used their early mover advantage to solidify their position and continue their steady growth.
1.1.2 Company Development and Target Customers
Whole Foods Market has grown over the years through mergers, acquisitions and several new stores openings. In 2005 Whole Foods Market acquired Wild Oats Food chain, which with the changing economy and a more competitive industry landscape. In addition to the supermarket,
…show more content…
The company target locations where 40% or more of the residents have a college degree as they likely to be aware of nutritional issues.
1.1.3 Company Mission and Philosophy
Whole Foods Market remains uniquely mission driven: The Company is highly selective about what they sell, dedicated to stringent quality standards, and committed to sustainable agriculture. The Company believes in a virtuous circle entwining the food chain. Not only pursuing ensure diversity and high level quality, also focus on national agricultural development.
Whole Foods Market website defines the company philosophy as follows, “Whole Foods Market’s vision of a sustainable future means our children and grandchildren will be in a world that values human creativity, diversity, and individual choice. However, companies, governments, and institutions will be held accountable for their actions.
1.2 Industry Background
In the 1920s, chain store began to threaten independent retailers by offering convenience and lower prices by procuring larger quantities of products. In the 1930s was a result of three major changes in society:
• The shift in population from rural to urban
Whole Foods Market has a company wide philosophy of spreading awareness about their point of views concerning environmental sustainability, quality standards, animal welfare, and commitment to bettering the planet. The German culture encourages progressive acts of affection that conveniences the prosperity of the developing world. (Whole Foods Market, Missions and Values)
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
* Whole Foods Market was founded in 1980 working with natural and healthy foods in Austin, Texas; it’s one of the world’s largest of natural and organic foods supermarkets. In 2009, the sales total $8 billion and had 289 stores in the U.S. The Whole Foods Market plans to come up with strategies to help improve the company but to do so understanding the core values plays a major role in the company’s planning. The strategies
Whole Foods Market was founded by John Mackey as a healthy, socially responsible lifestyle that customers can identify with (Pearce & Robinson, 2013, p 29-1). The company differentiated itself from competitors by focusing on quality as excellence and innovation that allows them to charge premium price for premium products (Pearce & Robinson, 2013, p 29-1).
Whole Foods has become the world’s largest retail chain of natural and organic foods supermarkets. Not only is their focus to transform the way consumers look at food and its natural benefits, Whole Foods is looking to make a difference in the world with their products. Whole Foods appears to be in a rapidly growing market. Whole Foods has worked hard to set their products apart from other grocery retail chains and while their prices might still be considered high across the board, their products are geared towards a more health conscious individual who is willing to pay more for a healthier product.
Whole Foods is a supermarket that has successfully become the leader in the organic food segment of the grocery industry. While traditional markets have low brand loyalty and recognition, Whole Foods has focused almost entirely on its brand image, causing their strategy to be one of differentiation over cost leadership. Whole Foods is known as being far more expensive than other chains, due to this brand recognition. In their press release for the Q4 2014 results, they describe their vision and sum up what helps them develop that brand recognition. “We hold the idea of “food” to a higher standard, banning more than 75 ingredients commonly found in other stores, and we believe our unparalleled quality standards
Whole Foods Market, Inc, is an Austin, Texas based foods grocery that has the finest natural and organic food available, including produce, seafood, grocery, meat and poultry, bakery, prepared foods and catering, beer, wine, cheese; in addition to whole body, floral, pet products, and household products. Whole Foods is among the most profitable health food retailers in the United States. The rapid growth and market success has much to do with having remained a uniquely mission-driven company, highly selective about what they sell, dedicated to their core values, stringent quality standards, and committed to sustainable agriculture.
Barbara Farfan (n.d.) explains that, “Whole Foods Core Values define how Whole Foods leaders and employees interact with their products, customers, employee team, shareholders, communities, suppliers, and align everyone behind the mission of improving health in general.” For example, Whole Foods believes in satisfying their consumers by selling the highest quality of natural and organic products obtainable. The company strives to maintain the highest standards of quality, not only in the products they offer but in supporting excellence in the development their employees, communities, and the environment. Whole Foods direct core values as listed on the company website (2015 Whole Foods Market IP. L.P.), also
B. Mission Statement - Barbara Farfan who writes for about.com states, “The mission statement of the Whole Foods Company and Whole Foods Markets begins with its motto, which is "Whole Foods, Whole People, Whole Planet" The Whole Foods mission explains and defines what that motto means. This mission explanation includes..."Whole Foods - We obtain our products locally and from all over the world, often from small, uniquely dedicated food artisans. Whole People - We recruit the best
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:
Recommendation Whole Foods Market was the pioneer and leader of the organic and natural food sector for many years. The company had established their initial success due to a broad differentiation strategy. Unfortunately, large conglomerates consisting of Kroger “a best-cost provider” and Wal-Mart “a low-cost provider” have been able to provide the same unique goods and service as Whole Foods Market, while staying true to their respective competitive strategies. In result, making the organic and natural food sector a possibility for people of all socioeconomic classes. Due to the emergence of competition, Whole Foods Market is under extreme pressure from outside forces and will seemingly never return to their once prominent position.
Whole Foods Market Inc. is not only an organic market enterprise recognized for their fresh products and antibiotic slogans. This organization thrives on everything they set to accomplish. Whole Foods is known for building their human and social capital by seeking individuals with a higher education, soft skills, and social networking to join their organization.
is regarded as a company with ethical behaviors. The company’s code of conduct and their values promote integrity. The company’s CEO’s believe that “creating, communicating, and emphasizing the firm’s core values” is absolutely necessary in order to create an ethical environment that is received by all of its employees (Mallor, Barnes, & Bowers, 2015, pp 126). The first core value of Whole Foods Market is “selling the highest quality natural and organic products available (Whole Foods Market, Inc., 2017). The company is in close relations with Non-GMO Project, which is a nonprofit organization that preserves already established sources of non-GMO products and builds new sources.
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,