W7A 590 Whole Foods - Essay Example

WHOLE FOOD MARKET: CASE STUDY Whole market The whole foods market Inc. is a company based in America that specializes in organic food. They began on September 20th, 1980 and had stores in United Kingdom, United States, and Canada. Whole Food Company’s headquarters is in Austin Texas, due to its management strategies the company is among the best in the world. Many of the products sold in the company are all natural; the store defines the product as "minimally processed foods with no harmful effects.

" The benefits of the company come from the strategies employed by the company; these approaches assist in ensuring proper management and maximum customer satisfaction (Hinkin, 2010). The whole foods store employs the demographic approach to store operations and hiring of new associates to ensure the maximum performance of the store. The demographic method involves the selection of new associates that help operate in most of the whole food store markets. Whole foods also hire new associates that are then divided into team members that help ensure the companies ‘effective management system’ (Shriberg, 2005).

To encourage these teams to work harder and to reward them in case of good work the company management gives bonuses to the teams (Hinkin, 2010). These unique management systems employed by the company results to a lot of positive impacts the main one being the fact that the systems contribute to the management of human capital. The effect of these systems in relation to managing human capital is seen through the lower voluntary turnover annually. Through its the company is among the best companies to work for in the world, the positive effects resulting from the two systems employed by the company rise from the way the management system relates to the associates and the employees.

In this system, the company holds on to the believe that each employee working in the company has a right to feel the stake in the companys success. Through this, the company has the eight values employed by the employees that attract more customers and provide complete satisfaction to the customers. This tactic result to the organizations competitiveness and success The whole food even with the advantageous approaches faces some challenges mainly resulting from the unending competition in the food industry.

Many competition companies adapt the techniques used by the whole food markets, which in turn results in more challenges. However even with the challenges the company manages to fight the competition through its practices (practices that enable the company maintains its strong reputation and a positive image). To combat with the unending competition then the company should better its techniques, techniques that include the offering of discounts on the companys products. Also through this, the company should keep on its expansion ideas so as to attract more customers and at the same time maintain its customers.

Another technique that the company needs to improve on is the management of human capital; this will boost the company in almost all sectors, from management to customer satisfaction. However even with the responses the company management should understand that competition in the businesses would never end hence they should keep improving their techniques (Shriberg, 2005). The company takes a lot of pride in the approaches; they believe that their tactics result in the companys responsibility to the community as well as in the whole society.

Their main benefits result from the fact that the company focuses on practicing sustainable agriculture as well as ensuring they meet all the environmental standards References100 best companies to work for:CNN Money. (2012). Retrieved May 19, 2015, from Magazine, Fortune: http://money.cnn.com/magazines/fortune/bestcompanies/2012/snapshots/Hinkin, T. R. (2010). Cornell Hospitality Quarterly. What makes it so Great? An analysis of Human Resources, 158-170.Our core values. (n.d.). Retrieved May 19, 2015, from Whole foods Market: http://www.

wholefoodsmarket.com/company/corevalues.phpShriberg, A. S. (2005). Practicing leadership, Principles and applications.Whole Foods Markets Unique Work Culture and Practices. (2006). Retrieved May 19, 2015, from ICMR IBS center for Management: http://www.icmrindia.org/casestudies/catalogue