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Whole Foods Market

558 Words3 Pages

Whole Foods Market Inc. is an American food retail chain that specializes in organic food. It was founded By John Mackey in 1980 in Austin, Texas by a merger with Clarksville Natural Grocery. The company currently operates 431 supermarkets with 91,000 employees. Based on its 2014 revenue Whole Foods is the largest natural-foods grocer in the United States and the 30th largest retailer in the U.S. It generated more than $14 billion in revenues, most of which was from perishable goods. It operates within the United States and Canada and also the United Kingdom since 2004, when it acquired Fresh & Wild stores (Whole Foods Market, 2015). Whole Foods Market only sells products that meet its quality standards for being "natural", (products are listed on their online "Unacceptable Food Ingredients" list). Apart from the success in the food retail business the company focuses on many other activities that are defined by its motto: Whole Foods, Whole People, and Whole Planet. They state to measure their success by: “customer satisfaction, team member excellence and happiness, return on capital investment, improvement of the state of the environment, and local and larger …show more content…

Innovation management analysis
In this section we look at innovation performance at Whole Foods within different areas. Before proceeding to the analysis, it is necessary to realize that the particular ways the innovation is managed within an organization are a variable of multiple determining factors, such as: size of the company, sector the company operates in, its networks, competitors etc. (Crossan and Apaydin, 2009). Some of this information can be found within a previous section. In addition, in order to provide better context for innovation audit SWOT analysis was conducted (see appendix 1).
Framework for the below conducted innovation management evaluation was provided by Tidd and Bessant (2009) and is based on the assessment tool that is available in the appendix 2.
3.1. Innovative

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Whole Foods Market can experience cannibalization from their 365 stores and their own Whole Foods Market stores. The 365 stores have three locations opened. The first store opened in Los Angles in May 2016, the second location was opened “two months later in Lake Oswego, Oregon in July and a third store was opened two months later in Bellevue, Washington in September of the same year.” (1) Additionally, the Whole Foods Market plans to opened sixteen locations including two on Texas and three on the south of California. (Exhibit 1)

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Established in 1978, Whole Foods Market opened its first store in Austin, Texas in 1980. This natural supermarket was the first certified organic food supermarket in the U.S. Now, 456 stores stretch across the nation, Canada, and the U.K. (see appendix A with the various states and locations) with 35,000-50,000 SKU’s lining the shelves. Whole Foods sets high standards for not only it’s product freshness but also expectations of employees. High customer service, environmental stewardship, positive impact on local and global communities, and high return on invested capital has made Whole Foods Market an industry leader being 5th largest public produce and food retailer.

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I think that John Mackey has a respectable indispensable vision for Whole Foods. He tries synonymous with passing on the most significant quality typical and characteristic supports available and being the best sustenance retailer in every gathering in which Whole Foods stores are found. This is a noteworthy target for a business, however since its establishment in 1980, Whole Foods has made sense of how to twist up this. The mission statement "Whole Foods, Whole People, Whole Planet" is a perfect mission for Whole Foods. It is immediate and easy to review.

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The credits cover everything from there stores to their offices. Another example is that Whole Foods has committed to completely eliminating disposable plastic grocery bags no other U.S grocer has made such a huge commitment. There first earth philosophy also reaches down to store level with each store having their own green mission team. They also use local farms dishing out 10 million annually in the long-term and also offers low-interest loans to local suppliers. Whole Foods customers live a health-conscious lifestyle, care about the food they eat and the ground they walk on.

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Furthermore, Whole Foods has 6 main core values which are: sell high quality food, satisfy customers, employee growth, “win-win partnerships, “profits and prosperity, along with caring for the environment (Whole Foods Market IP, Inc., 2023). They also have leadership principles, which are: purpose, customer service, “commitment to operational excellence, creativity, growth, completions of tasks and a few more (Whole Foods Market IP, Inc., 2023). Analysis of Cultures Both Care and Share and Whole Foods share goals which are there to help people with food necessities. Care and Share focuses on just getting food out to the community, regardless of quality or chemicals used on foods. Care and share do give out food which are close to expire or already expired.

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Whole Foods Market Whole Foods Market is an American supermarket chain that specializes in organic food and that is currently operating in the U.S, Canada and the United Kingdom. The organization’s main focus or mission is to sell and offer organic products that meet the criteria and quality standards that the company has self-created, some of these standards include the following requirements: minimally processed food that are free of hydrogenated fat as well as artificial flavors, colors, sweeteners and preservatives, as well as not promoting and selling meats or milks that utilize cloned animals. I decided to choose this organization because there are so many areas on which this company promotes and practices corporate social responsibility as well as sustainable

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Whole Food Market Overview The leading relater of natural and organic food is known to be Whole Foods Market.it was uniquely positioned as healthiest grocery store of America and got the first national “Certified Organic” grocer. The company was built in 1978 and in 1980 opened the first whole foods market store in Austin taxes. The initial public offering was made in 1992. Their food line ranges from bear, bakery, Bulk, coffee and tea, meat and poultry, sea food, wine.

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