Whole Foods Market in 2008 Case Study Example | Topics and Well Written Essays - 500 words

Whole Foods Market in 2008 - Case Study Example e firm realize that provision of nutritious food products to the consumers would enhance consumers’ preferences of its products and in turn would generate competitive position in the market. The strategy for Whole Foods Market has great compatibility with the present conditions prevailing in the section of organic and natural foods in the retail food industry. This compatibility can be proved from the huge success that the firm has generated over the previous two decades or so. One of its main strategic elements i.e. the people has accepted its performance across the world and the firm is now bestowed with both satisfied customers and satisfied team members (Thompson, 2008). John Mackey, the present CEO of Whole Foods Market is deemed to hold strong strategic vision for the firm. He has kept his performance level in line with his strategic vision throughout the several years of his reign in the organization. His achievement by maintaining high level of performance is evident from the firm’s products of higher quality, firm’s stores across the home country (US) and certain locations outside the country and enhanced incentives being offered to Whole Foods’ team members operating all over the stores chains (Thompson, 2008). Company’s success is heavily dependent on the perceptions and notions of the people within an organization and the core values play the most important role in motivating the people towards achieving success. It is important for an organization to effectively design its core values. The core values determine the path to be followed by the organization’s personnel and it is the core values which creates one common goal in the minds of every person within an organization. Core values are at times so effective that they lead the organization towards framing the long term strategic vision (Collins & Porras, 1996). Considering the financial performance of Whole Foods Market, during the year 2008, it can be stated that the firm was not in