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Human resource managemet theory
Human resource managemet theory
Human resource managemet theory
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Managers can accomplish more through people by viewing them as self-energized, committed, responsible, and creative human beings. Theory Y Human Capital The productive potential of an individual's knowledge and actions. The Social Capital, Productive potential resulting from strong relationships, goodwill, trust and cooperative effort. Corporate Social Responsibility The notion that corporations have an obligation to constituent groups and society other than stockholders and beyond that prescribed by law are union contract.
John Mackey the CEO of Whole Foods states that they want their employees to be happy because happy employees make happy customers and happy customers will refer people to the place of business there for bringing more customers
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(Kreitner & Kinicki, p30) 1. What role, if any, does McGregor’s Theory Y play at Whole Foods? Explain In my opinion, I would say Whole Foods falls in the second theory in McGregor's Theory Y because Mackey stated “I think business enterprises are like any other communities. They can aspire to the highest values that have inspired humans throughout time. You can use different value models...” I interpreted this as they feel the employees and/or person in general are self-motivated to do things and .history itself prove this. Whole Foods hires people that are well-trained who flourish in their workplace because they are happy with their jobs. Whole foods creates a conducive environment in which their employees will continue to develop and flourish which is the main objective of the firm. 2.
How does Whole Foods build human and social capital?
Mackey stated he believe that the hiring process is essential for a company to flourish. By hiring good employee that will enjoy their work and feel like they matter to the company, they will be a good investment to the company. Also by making the work environment comfortable for everybody, the .social aspect will come natural. Human Capital: Share visions, shared goals, teamwork, trust, mutual respect, and volunteering. Social Capital: Is necessary for the good of the organization for knowledge, sharing, and networking.
According to whole foods, they hire individuals and train their members to be highly Knowledgeable in a specific product or service area (e.g., prepared foods, meats and poultry, customer service). Team members report to a team leader, who then works with store management, referred to as store team leaders. These team members operate much differently than most "employees" in retail grocery outlets. These team members work together with their team leader to make a number of decisions with regard to their specific areas, and they contribute to store level decisions as well. In the social aspect Whole Foods Market emphasizes the importance of sustainable agriculture. Whole Foods tries to support organic farmers, growers, and the environment by a commitment to using sustainable agriculture and expanding the market for organic
products 3. How does this case bring the profile of the 21st century manager (Table 1–3) to life? Explain Some managers in the 21st adapted the style of the win win solution as Mackey stated. By making good managers that view employees as equals and show support for them overall, employees will more likeness enjoy working. This idea would benefits managers by making the best and comfortable .employee which will make them more productive. Management's job is to make sure they hire good people and make sure they are trained well. A happy team member means happy customers which is a Win-Win situation. Whole Foods is a cooperative business they strive for win-win situations. For example as stated above if the employees are happy, the customers are happy and that results in passing the word along. The end result is usually more business. Whole Foods refers to their employees at team members, they compensate based on skills and results. The team members are a critically important part of the Whole Foods operation (Whole Foods). 4. Where would you locate Whole Foods on Carroll’s global corporate social responsibility .pyramid in Figure 1–3? Explain I would say that Whole Foods would be located at the Philanthropic Responsibility level which is the high level because of Mackey's zero sum game or at the top of the pyramid following every criterion. Mackey stated that what’s needed for a company is to adopted social justice in which everyone gets an equal slice of the pie. This avoids the idea that one individual getting the larger piece and everyone else getting the smaller which cause lower morale in employees. 5. Which of the seven moral principles in Table 1–4 appear to be in force at Whole Foods? Explain The Common good would be a good moral principle for Whole Foods because they are trying to making the best outputs for their managers, employees, and customers which was mentioned by Mackey when he mentioned the zero-sum game. He stated that he wants everyone to win with fewer .losses rather than have a select few win and a lot losses. All the seven principles namely: Dignity of Human Life; this refers to respecting the dignity of human race regardless of age or race. Human life is sacred and that the dignity of the human person is the foundation of a moral vision for society. Whole Foods Market’s success is closely related to an ethics of virtue. Oliver Williams describes an ethics of virtue as “assuming that being human entails living in community and developing certain virtue or skills required for a human life with others” (Williams 23). Loyalty; the loyal customers to the business always gets rewards through points or free gifts. The common good; Whole food and whole people create a common good providing the best services and products to its customers. Fairness; Whole People means the people they hire are passionate about healthy food and a healthy planet. They take full advantage of the decentralized, self-directed team culture and create a respectful workplace where people are treated fairly and are highly motivated to succeed. Whole Planet means they are committed to helping take care of the world around us, and their active support of organic farming and sustainable agriculture helps protect our planet. Whole Foods also assists their global neighbors through the Whole Planet Honesty; Whole foods creates an honest environment, the customers are satisfied, everyone is served according to their capability thus creating trust which is very important. 6. What appeals to you (or does not appeal to you) about working at Whole Foods? Explain What appeal to me about working at Whole Foods is the caring and supporting of the employees rather than just expecting them to do their job? Many jobs that I have seen and worked at only care about making sure that you are doing your job and that's it. To see that managers and employee are selected and .trained to support one other shows the stability of the company as a whole.
Whole Foods Market allows each market to supply products that are standardized, and also supply products based on local buyer needs, as well as the culture of the area; therefore their business strategy is transnational (Thompson, 2016, p. 192). Whole Foods Market varies their products based on location, focusing on local products and any unique products to promote a neighborhood market feel for their customers. The company strategically chooses its locations, placing them in educated areas, and then focuses on products to sustain a competitive advantage.
Comparing my shopping experience at Whole Foods verses Walmart, I have always had positive experiences at Whole Foods. I admit at first I was hesitant to shop there because I thought their prices would be too high or that they wouldn’t have the items I was accustomed to purchasing. My first experience was shopping for lip balm. I was told they sold a brand that didn’t include camphor phenol and that was important to me. Being that I never shopped in Whole Foods before I immediately asked for assistance in finding the right isle. Not only did they direct me, they walked with me and asked what I was looking for, they showed me the product and even gave me useful information regarding the lip balm. Since that day I have been back many times, not only for lip balm but for a variety of groceries and products. Whole Foods staff is pleasant, enthusiastic and extremely helpful. They are well trained on their merchandise as well as customer service and seem to genuinely enjoy interacting and working at Whole Foods. In addition,
Whole foods sells a wide range of healthy foods and this specialized grocery chain has about 422 stores in the U.S. and United Kingdom (Whole Foods IP. L.P., n.d.). While the corporate owner's may claim to be the leading seller in
First, increased its competitive market by acquiring competitor such as Wild Oats, which was the second largest natural foods supermarket in the nation and it had 193 stores. It eliminates the competition and allows for more locations where Whole Foods was not available. It is a huge possibility for growth on Whole Foods Vision of expanding and being dominant in the market. Second, build its brand equity with organics through marketing so when consumers think “Organic”, they think “Whole Foods.” Also, the company involves in the community to help extend the market through the social mission. Based on the motto, “Whole Foods, Whole People, Whole Planet,” its social mission is donating 5% of after-tax profits to nonprofit organization, supporting sustainable agriculture, reducing waste, and encouraging environmentally friendly store maintenance programs. One of the example of Whole Foods’ efforts in promote sustainable agriculture and protect farm worker and the environment is Local Producer Loan Program. This program provides loans to small, local producers who sell their products to Whole Foods and need the loans to continue their
They seem to be a company that enjoys their employee’s success. It is a great reflection on the company that so many people seem to enjoy their position at Whole Foods and feel like that are making a positive impact on both Whole Foods and the customers. Any company that focuses on self-motivation is going to be a winning company. This helps them build dedication and loyalty to their brand by giving those who work the hardest the most opportunities. They have been ranked as one of the top 100 places to work in America by Fortune since the list was created in 1998(WholeFoodsMarket.com).
Whole Foods began in Austin, TX in 1980 as a way for people to get the natural foods they desired. After several mergers Whole Foods has grown into a chain with nationwide locations and topped the list in 2013 for the healthiest food store (Paul, 2013). Whole Foods offers choices for those that choose to be health conscious and prefer organic foods and clear labeling on all packaging; they even carry grass fed meats and do not use any artificial ingredients in their baked goods or snacks. In addition they label if an item contains a genetically modified organism, GMO for short.
Organizations must have social capitalism in order to strategize and stay competitive with other individuals or companies in order to benefit. Whole foods market took things to the next level by understanding the ability to trade their property with whoever they want. Knowing when the time is right to make a move so that nothing is jeopardized. There are several points that must be made, know the laws that surround the business, the value of the business, and the profits of the shareholders.
...way of life. Whole Foods Market ® has an intrinsic value; they are trying to sell a better, healthier life style that relates to becoming a better member of society. Whole Foods Market’s ® mission statement is a little long; however, it is motivational to both the customers as well as the employees.
Store Operations/Incentives: From an internal perspective, Whole Foods uses a team-based strategy of operations. Employees are part of a democratic process of selecting new hirees, implementing new ideas and encour...
According to Shanker and Mosendz, Whole Foods has helped create the standard of food production. Practices like air-chilling, and raising animals without the use of antibiotics has become not
To most consumers Whole Foods is known as a chain grocery store specializing in organic and natural foods. Some may go as far as say the name is synonymous with quality. This comparison is the result of Whole Foods’ marketing their brand successfully to consumers demanding their specialized foods. As with any organization, Whole Foods may consider evaluating their strategic objectives and decide if necessary course corrections are needed to reach their objectives and goals. Through a fundamental and technical analysis, I will discuss Whole Foods’ mission, vision, and goals, their competitive environment, and some factors within their strength, weakness, opportunity, and threat analysis. With such data and information I will recommend, if needed, and strategic changes in order to sustain a competitive advantage.
While the organic movement has increased the production and sale of organic food in the United States, something that should be noted is that the stock of Whole Foods Market, a grocery store is dedicated to the sale of organic food, has gone down 40% since October of 2013. Whole Foods Market’s success rates are slowly beginning to diminish and it may lose its dominance in the organic foods market (The Economist, 2014). While this may seem indicative of a decrease in public interest of organic food, it really indicates the opposite. After seeing the success of Whole Foods Market, new stores such as Trader Joe’s and Sprouts entered the organic market and became strong competition. The decline in Whole Foods Market’s success may be attributed
How well a business manages its assets and resources predicates its overall success. Companies that spend financial resources foolishly are apt to find themselves in bankruptcy. Companies that work capital equipment resources beyond the machine’s capabilities or for other than intended purposes are apt to experience downtime and/or lose the equipment to failure. The same premise holds true for a company’s human assets. However, unlike other company assets, which depreciate over time, human assets appreciate over time when managed properly. The article, Importance of Human Resource Investment for Organizations and Economy: A critical Analysis, explains the importance of managing human assets as follows:
Whole Foods uses the team-based approach to management which naturally fosters teamwork and a progressive approach to success. Characteristics of Team-based
Human capital refers to skills or knowledge of individuals, based on their education and experience while social capital refers to beneficial connection to social networks,