Clearly this isn't the average grocery store in terms of employee relations and satisfaction.
Finances
In this fiscal year alone, with the company's third quarter ending in early July, Whole Foods has earned a revenue of $5,354,173 with a profit of $1,875,058 (Consolidated Quarterly, 2011). As of June 7, 2011, the closing share price was listed by Nasdaq at $56.99. With more than 300 stores in North America and the United Kingdom, Whole Foods boasts over 54,000 employees and is slated to continue growing.
Cindy McCann, Vice President of Investor Relations noted in her May 4, 2011 press release that share prices were on the rise, saying:
"These are the strongest overall results we have reported in the past five years. Our solid execution is generating consistent cash flow, and with our long-term debt now fully repaid, we are considering other uses for our growing cash balance, including accelerating our growth, raising our dividend and repurchasing stock" (McCann, 2011).
With the rise in demand for natural and organic products...
For Whole Foods. (2011). Whole Foods Market reports second quarter results.
[Press release]. Retrieved from: http://www.wholefoodsmarket.com/company/pdfs/
Q211financial.pdf
NASDAQ. (2011). Whole Foods (WFM) stock quote and summary data. Retrieved from:
http://www.nasdaq.com/asp/SummaryQuote.asp?SELECTED=WFM&SYMBOL=WFM.
Whole Foods Financial Department. (2011). Consolidated quarterly statements of operations. Business Report. 2011. Retrieved from:
http://www.wholefoodsmarket.com/company/pdfs/2011_IS.pdf
Whole Foods Human Resources Department. (2006). Whole Foods Market's unique work and culture practices. Business Report. 2006. Retrieved from: http://www.icmrindia.org/casestudies / / Human%20Resource%20and%20
Organization%20Behavior/HROB086.htm.
Whole Foods Business Report
Whole Foods Market Which Organizational Diagnosis Model Is Best to Use at Whole Foods Market Open Systems Theory Weisbord's Six-Box Model McKinsey 7S Framework Likert System Analysis (1967) High-Performance Programming Nadler-Tushman Congruence Model Methods to use this Tool Analyze each key element separately People Recognize the people that can help to get the work done and help in accomplishing the goals of the organization Organizational Structure Culture Analyze how these Elements Interrelate in the Organization Plan to Create and Maintain Congruence Issues of Whole Foods Market Poor
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