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Whole Foods Executive Summary

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The Board of Directors for Whole Foods is made up of a group of well-educated and accomplished members. They each bring knowledge and expertise from their fields of study and their work background to provide a strong governing body. There are two members of the Board that are employees of the company. John Mackey co-founded and Chief Executive Officer has served in many different capacities within the Whole Foods organization for more than 35 years. Walter Robb co-chief Executive Officer is an avid organic advocate and began his relationship with Whole Foods as an employee in one of the retail stores and worked his way to the top with his dedication and strong skill set. He now servers on the Advisory Board for the Organic Center for Education …show more content…

She has served as the Chief Financial Officer of a private holding company with diverse investment interest and as a Principal for another diversified investment fund. Hass Hassan is the founder of Fresh and Wild, LTD, a highly successful organic food retailer in the United Kingdom Whole Foods purchased his company and brought him on board due to his knowledge of the organic food business as well as the business culture of the United Kingdom. Stephanie Kugelman is retired but worked as the Chief Strategic Officer for a World Wide Marketing Communication Company. She has also provided consulting services in business strategy and branding for many years. Jonathan A Sokoloff is the managing partner of Leonard Green and Partners, L.P., one of the nation’s leading private equity firms with over $15 billion of private equity capital raised since inception in 1989. Morris Siegal is now self-employed providing consulting services for investment customers. He was a co-founder of Celestial Seasoning, Inc and served as CEO and Chairman of the Board from 1970 to 2000. In 2000 Celestial Seasonings merged with The Hain Food Group and Sigel remained a member of the merged companies Board of Directors and served as Vice Chairman until retiring in

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Costco is a global membership-only warehouse that provides high-quality, branded goods to its club members at discounted prices. In Emma Koehn’s article “From meat to muffins, Costco strikes a chord with fresh food offer” on September 10, 2023, it discusses the growing appeal of Costco to Australian consumers. It highlights that Costco is not only attracting more members due to the increasing cost of living, which is pushing shoppers to seek more affordable alternatives, but also because it offers a diverse range of high quality products beyond food, including household items and electric appliances. This essay will therefore discuss how Costco explores the market and creates unique value for its large consumer groups in detail.

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Executive Summary Key Problems Costco has built its business strategy around its membership subscriptions. While the approach has proven successful in terms of revenue generation and customer loyalty, it is not without flaws. One of the main drawbacks of Costco's reliance on membership subscriptions is its limited customer base. By requiring customers to pay an annual fee for access to its stores, Costco automatically excludes a sizable portion of the population who may not be willing or able to commit to a membership.

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The main reason as to why Costco has been top of its game in the retailing business is their method of cutting costs by eradicating steps in the traditional supply chain. In a traditional supply chain, the goods will transferred from the manufacturer to the distributor and then to the warehouse and then to the store for selling. At each of these places, several workers are involved in stocking, loading and unloading and transportation of goods, which are all extra costs to Costco. Costco’s system eradicates all these needless steps and costs by evading the need for intermediates. They transport the goods directly to their stores and with the help of forklifts they arrange the goods in the shelves.

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• Increased competition o More stores offering natural and organic foods a lot cheaper o There is also the option to get natural and organic foods online • Whole Food store prices are too high o Customers go to competitors that sell the same products for cheaper o The company is planning to cut 1,500 jobs or 1.6% of the workforce, just added 9,000 jobs last year, to make cuts in the stores and company. • Cannibalization of stores o Sales growth at stores open at least a year is 1.3% o Customers are being brought to the new stores from current, better established chains o The old stores are not getting quality maintenance and have poor customer service • Brand equity being demolished with the opening of a new chain, 365 by Whole Foods Market, to sell

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Describe how Whole Foods' adoption of stakeholder orientation has influenced the way it operates. Are there any stakeholders that they have neglected in the past? Whole Foods has applied a set of core values to create strong relationships with a variety of stakeholders. The company has adopted a stakeholder orientation. While it considers consumers to be the most important stakeholder, the firm also considers other primary stakeholders such as employees, suppliers, and shareholders as well as secondary stakeholders such as the environment and special-interest groups.

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Whole Foods Market provide common stocks, no par value. They do not have any preferred stocks. As of august 1st of last year, Whole Foods Market’s board of Directors authorized a program in which the corporation can repurchase stocks up to a billion dollars of outstanding common stock until 8/1/16. Market price of the stock for 3/6/2015 $55.79 High and low prices of stock for the past 12 months.

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Additionally, the company’s motto—Whole Foods, Whole People, Whole Planet — emphasizes that their vision reaches beyond food retailing. Over the years, Whole Foods has created numerous foundations and programs such as Whole Cities Foundation™ (focused on healthy eating education) Whole Planet Foundation® (dedicated to combating poverty in third-world 8 countries) and local producer loan programs (programs that provide low-interest loans to independent local farmers) that support its overall mission (Whole Foods Market, 2015). 3.4. Linkages “Successful innovation is about spreading the net as widely as possible, mobilizing multiple channels” (Tidd and Bessant, 2009).

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