Strategic Management-Whole Food Market Essay - 1505 Words

Strategic Management-Whole Food Market Whole Foods Market competes in the industry of grocery products. As it come to light from the study his industry is highly competitive. This market’s traites are the low prices and convenience are the dominant factors driving consumers to the supermarkets today. The emergence of the supermarkets in the 1930s was result of a three major changes in society: 1.,The shift in population from rural to urban areas.; 2., An increase in disponsable income.; 3., Increase mobility throught ownership of automobiles. The industry of grocery goods is characterized by low margins anf continous donward pressure on price, made evident by coupons, weekly specials, and rewards cards. The firms come up with†¦show more content†¦The outlets operates by the chains and the supermarkets have a preeminent place in this market. The low prices and convenience are the dominant factors driving consumers to the supermarkets today. It appears that the industrys customers wield a fairly significan t amount of power. In addition, the general trends taking place in retail sales is generally to the advantage of the larger chains. The other dimension of buyer power relates is responsible for generating the derived demand for the manufacturers products. This derived demand is channelled through the customers outlets and adds to their already substantial power base. The trends in consumer shopping behaviour affects the choice of distribution, at the same time it is very important to state that the grocery industry is perhaps the safest and profitable industry in the whole world. The reason for this is that people required food in the past, require now and will require in the future. SUPPLIERS: The power of the industry of grocery of products that supplies the raw materials to the manufacturing industry is relatively low. This is due to the fact that the demand for their products is derived from the demand for foods. TheShow MoreRelatedWhole Foods Market Overview1525 Words   |  7 Pages Whole Foods Market Background Whole Foods Market is an American based retail-chain grocery store. They strictly sell both natural and organic food, offering a variety of products. â€Å"Natural† refers to food that is free of growth hormones or antibiotics, while â€Å"certified organic† food must meet the standards of the US Department of Agriculture (USDA). Whole Foods Market is the leading retailer in the natural and organic foods, with 193 stores in 31 states, Canada, and the United Kingdom. WithRead MoreCrafting and Executing Strategy1582 Words   |  7 PagesRunning Head: EXECUTING STRATEGY Crafting and Executing Strategy Whole Foods Assignment # 1 Strayer University BUS 599: Strategic Management Spring 2013 Develop an argument supporting the importance of a strategic plan for the success of the defined business. 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