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Whole Foods Business Analysis

428 Words2 Pages

Whole Foods does an excellent job creating both social and human capital. The Austin, Tx based company was named 214th rank in the fortune 500 list for 2015 (Fortune 500, 2016). The rise up Fortune’s list comes as no surprise to co-CEO Walter Robb. In 2013 while ranked 232 on the list Robb proclaimed employee engagement gave Whole Foods a distinct competitive advantage (Jankura, 2014). Robb and his Whole Foods team envisioned the impact developing, measuring, and tracking human and social capital would play in their growth story. John Mackey was the one of the co-founders of Whole Foods in 1980 before it went public in 1992 (Kowitt, 2014). Mackey first implemented the conscious capitalism management strategy based on 19th century industrial revolution research (CITATION). Mackey studied theories of scientific management, administrative management, behavioral management, Theory X and Y, and market-based management. (Kreitner, 2013)). Mackey’s studies lead him to devote his companies focus and core values on goals other than profit and loss. His employees and their families, his customers, their customers also known as the consumer, and the communities in which his stores serve were at the top of his priority list. Whole foods current values still …show more content…

They recognize customers’ needs change based on financial status, demographics, and many other factors so they challenge their managers to be creative and enduring with their service (Kowitt, 2014). Corporate Social Responsibility (CSR) is also at the top of the list of core values within the company. Whole Foods is a philanthropic responsible company who creates social capitalism by making the world a better place (Kreitner, 2013). Non-profit organizations were created that focus on giving back to the communities, helping those in need, and educating kids on nutrition and wellness (Whole foods,

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