Friday, May 22, 2020

Whole Food Market in 2008Vision, Core Values and Strategy

Question No. 1 What are the chief elements of the strategy that Whole Foods Market is pursuing? Use Strategy Diamond to explain this part. ARENAS: †¢ Product: The company has a broad range of products including Natural and organic items like beverages, snacks, frozen items, Meat and poultry, Dairy Products, Fresh Sea food, baked products, coffees, cheese and different supplements, etc †¢ Market Segment: Health Conscious People of many ages and ethnic group Technology: Biodiesel Fuel for its Distribution Fleet Vehicles, Green power technology to reduce energy consumption Geographical area: †¢ Geographically 3 countries 1. United states 2. Canada 3. Great Britain VEHICLES: Internal development and†¦show more content†¦Yes Alignment of motto with principles reflected by their operations. The company’s motto† Whole Foods, Whole People and Whole Planet† focuses the quality of products, empowerment and well being of employees and social responsibility of the company. Question No. 4 Do Whole Foods Markets core values as presented in case exhibit 3 really matter? Are they real or just cosmetic window dressing? What evidence can you cite to support your answer? Have Whole Foods core values contributed to the companys success? Why or why not? They uses word â€Å"Whole† that determines their core values that they are emphasizing on by offering high quality products, high quality service through competent team, sustainable agricultural and environmental friendly practices.† They are sincere towards their core values. They believe in what they say and prove it through best practices. Never compromise on quality and green concept. Question No. 5 How well is Whole Foods Market performing from a financial perspective? Do some number-crunching using the data in case exhibits 9 and 10 to support your answer. Use the financial ratios presented in A Guide to Case Analysis and in table 4.1 of the text as a basis for doing your assessment of the companys financial statements and financial condition. Whole Foods’ business generated cashShow MoreRelatedWhole Foods Market in 2008: Vision, Core Values, and Strategy2921 Words   |  12 PagesCase question 1: What are the chief elements of the strategy that Whole Foods Market is pursuing? Whole Food’s chief elements of the strategy are to establish the company as a market leader of natural and organic super markets by differentiating its offering with highest quality naturally preserved food to the world market and become an international brand in every community. 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