Tuesday, August 13, 2019
Individual Case Study Example | Topics and Well Written Essays - 500 words
Individual - Case Study Example In terms of its operations strategy, Whole Foods is using a market-led strategy which manifested by its varying store size, layout and design that is largely dependent on the particular site and building configuration and the storeââ¬â¢s target clientele. Recent developments and conditions in the natural and organic foods segment of the food retailing industry such as the USDA labeling standards for organic products and the post 2000 increased sales of natural and organic foods at conventional U.S. supermarkets than in the nationââ¬â¢s natural foods stores have increased industry competition. Whole Foods development of new stores and acquisition of others ensures the company continues to increase its market share which gives it muscle to better face the rising competition. Also, the companyââ¬â¢s varying store design, size and product variety increases its market positioning among its target clientele. Whole Foods strategy is therefore well matched to meet these recent developments and conditions. John Mackeyââ¬â¢s strategic vision is for Whole Foods to become a national brand and be regarded as the best food retailer in every community it served. This is a good strategic vision for two main reasons. Firstly, the trend towards organics is still in its infancy and as such to increase revenues and profitability the organization has to pursue market development. For market development across the United States to be effective Whole Foods would require national branding. Secondly, Whole Foods has to compete with large established retailers that have large distribution networks such as Wal-Mart and Costco that are increasingly attracted to the natural and organic food industry. With a growing market it is more prudent for Whole Foods to rapidly gain market share in order to compete against these ââ¬Å"more-resourcedâ⬠competitors. Core values
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