Planning plays a vital role to make business successful. It helps to plan the whole business before starting and can predict the future challenges and the requirements which needs should be fulfilled to achieve the final goal. There are different types of planning which we need at different stages like strategic and operational planning.OBJECTIVES
Planning is the techniques which are being used for the project management and time management. Planning is the preparation of series of actions which could be needed to achieve some defined goal. Planning helps to reduce the time, efforts, energy, investment cost and over all input of any procedure. Most important factor in the planning is that it works like a map.Business Planning
A business plan is a document designed enough information about a new or subsisting business to convince financial supporters to invest in the business.
[Business Studies By Ian Marcouse, Published in September 1999 by Hodder & Stoughton]
One other very important factor of planning is the 80/20 rule. It means that for any business which is not structured, not managed gives you just 20 percent of the output in the result of 80 percent input. so it's better to spend some time on deciding what to do next in rather than taking wrong ways or unfocused and inefficient steps.Importance of Business planning
Every Business whether new or based, large or small needs a plan for the future. The capacities of the business will change enormously depending upon the type of business the expertise plan is of the enterpriser, who the plan is directed and how much time is spent researching the plan.
Through the business planning we can get maximum profit in our business.
[Business Studies By Ian Marcouse, Published in September 1999 by Hodder & Stoughton]Impacts of Planning on Business Operations
The Operation section of the business plan normally comes before the financial year, But after the management section. The intention of the operations plan is to identify where above of the business means where apportion the business is along with any physical requirements and how to provide products or services for the customers.
Operation targets are the managerially goals. Operation Scheme is the plan by which these goals are to be reached. For example in any company booked in production the management of its operations will be fundamental key to its level of success. The key to Success consists in any attending two factors within the broader circumstances of the business as a whole.
In special as exemplified in figure 1 the degree of success of the form will have in attending
Quality and flexibility will be influenced by an image of organizational factors.
The following are the Different types of Business plan
Business planning is known as with different names like strategic plans, expansion plans, annual plans. internal plans. feasibility plans. These are the plans which one business need for its growth and furbishment. There are two main plans of the business internal or external and it totally depend on the situation what type of plan you want in specific time. For instance if you are making a plan for your internal business there is no need to include the background details that one already knows. There are different things which can be useful for different entities like management team description is very important for investor and financial history is important entity for bank.
Planning helps those to deem how a task will be carried out to see that client demands are met cost effectively. One way to get this by using network analysis to show the order in which actions must be attempted then by naming. The critical path it is possible to show which actions take the most careful management examination. Operational management requires many conditions including location quality stock control and information technology. Business Studies
By Ian Marcouse, Published in September 1999 by Hodder & Stoughton
There are different behaviours in work environment. Mostly people start their business which based on their hobbies or what they love to do. Not Jack Bock. This idea comes from when someone bought flat pack tables and he was trying to find someone to screwed it up but no one was able to give him price. So idea of self assembly furniture was launched. A proper survey was being done to get the response from the customers. And got a good response from market specially it was very helpful when some wanted to get quote from any screw driver as it was easy to see the which was already provided in paper form for differently designed models. So it was very easy just to see and asses the required work and quote so in 1998 jack Bocks business was receiving between 75 and 100 orders per week. They achieved more than the required targets.Strategic planning:
Strategic planning is the work of projecting a series of steps or activities which will be taken in order to gain a specific objective. Capture physical and human resources must be put in place to reserve the plan to be implemented. Tragic planning specially require at a time of change.Example
MacDonald's Plots strategic plans
MacDonald's has own tragic plan to attain both cost and value leadership. First the company describe the change in life styles which encourage more people to use fast food restaurants through careful furthermost a brand image was made allowing differentiation of its products with competitors this added value changing higher prices to be charged. The profit allowed us generate high sales effective techniques were prepared in order to bring down costs will maintaining different initiated products build up with twin benefit of cost and value leadership MacDonald's achieved to become one of the world's valuable brand .Case Study
Mr Morison bought a private school of English. All the administrative work was being done manually in office and this was the main reason for selling the school. Mr Morison called all manager and did one meeting and conclude that the main reason for the drop down was nothing is managed properly and there is no planning involved in the whole administration. As a result many of the school record files are missed. So they decided to buy a proper database software and higher two persons to manage the Records and all the work properly. They did many other decisions to support their work. In this way they apply some rules of Business planning in their small organization. And after one year School got the 3rd rank in the Schools of the town.Difference between Operational and Strategic planning
In Strategic planning it is a long term plan or we can say that it is a long process on a specific goal. Strategic planning require that the series of action which the organization designed to make a structure. For example the policy of human recourses must agree that for production compasityt or newer technology. In tragic planning if a firm wants to increase their business by the use of new technology so it is required all the staff should have knowledge about the product or to trained them. Every action in the plan must lead each another step to make sure that the organization reaches its targets. In tragic plans if a company wants to launch a new product in the market they must analyse whether it is better for the future or not secondly should us operation internally or externally.
In Operational planning is a short term plan or we can say that it shows how strategic plan will work in the future it only takes in the start but it is very important for the business and operation plan for the basic for the justification of an annual operation budget. Operation planning is a first key to success in a business.Conclusion
Planning is the important part to start and run the business successfully. It covers many future risks and gives the pre plan ideas to proceed further in different stages of success in business. It helps to compete the market as well. Strategic and Operational planning are two different kinds of planning's. Strategic planning is long term planning covers step by step process throughout the business whether Operational planning is just short term planning to predict the future outcomes.Reference:
We are the world's most loved study website. Better still - membership is free.
Please be aware that the free essay that you were just reading was not written by us. This essay, and all of the others available to view on the website, were provided to us by students in exchange for services that we offer. This relationship helps our students to get an even better deal while also contributing to the biggest free essay resource in the UK!Request Removal
If you are the original writer of this essay and no longer wish to have the essay published on the UK Essays website then please click on the link below to request removal:
Request the removal of this essay
Please be aware that the free essay that you were just reading was not written by us. This essay, and all of the others available to view on the website, were provided to us by students in exchange for services that we offer. This relationship helps our students to get an even better deal while also contributing to the biggest free essay resource in the UK!
Order Now Using our confidential ordering system
Globalization in NZ: Laws, local markets, farmers, what we need to consider to enter, what we need to appeal to the NZ population, what I expect them to do, PESTEL analysis, Auckland (how many people live there, find an article on health in NZ) marketing the product
Whole Foods has a strong reputation of being one of the top premium organic grocery stores here in the United States, but their business could grow to other countries, such as New Zealand. New Zealand has a population of over 4 million people who are very culturally health conscious. There is a very good market for Whole Foods to come into New Zealand and become a successful chain of stores around the two islands. For Whole Foods to successfully come into this country they would have to look at the laws, environment, socio-economics, marketing and technology. Whole Foods has to implement a strategic plan before they even enter the country.
Auckland, the capital of New Zealand, is an excellent place to open up a Whole Foods. “Many New Zealanders engage in some form of Self Care: sustaining a physically active and health conscious regime to maintain or restore good health.” (1) Auckland has a population of 1,300,000 residents which is roughly 31 percent of the country's population. This gives a good and diverse target marget for Whole Foods to enter into. Whole Foods would first have to register with New Zealand’s government before they were to start implementing their plan.” If you form a company, various formal steps are required. But even if you start as a sole trader, you should notify Inland Revenue so that they can record you are self-employed.” (2) After Whole Foods is set up they can begin to create a team of marketing, financial and agricultural professionals from around the local area to look into how to successfully bring the company overseas. Whole Foods prides themselves on being a.
Whole Foods Market other businesses. So it is likely to be a concern at the Whole Foods Market. Whole Foods Market Inc. we believe is not affected by channel stuffing. The company Whole Foods Case Analysis Whole Foods, Whole People, and Whole Planet." Each area of this logo is an important part of Whole Foods' marketing plan as well as mission statement. "Whole Foods Whole Foods Market Whole Foods Market survived? That question is easy. They follow their motto of "Whole Foods, Whole People, Whole Whole Foods/Whole Market flavorful natural and naturally preserved foods available". The motto is "Whole Foods, Whole People, Whole Planet". Whole foods means the company strives to offer
Submitted by taruntyagi to the category Business and Industry on 04/07/2011 05:48 PM
CASE 1: Whole Foods Market in 2008: Vision, Core Values, and Strategy
1. What are the chief elements of the strategy that Whole Foods Market is pursuing?
2. Is the strategy well matched to recent developments and conditions in the natural and organic foods segment of the food retailing industry?
3. Do you think John Mackey has a good strategic vision for Whole Foods? What do you like/dislike about the company’s motto “Whole Foods, Whole People, Whole Planet?” Do the motto and the principles underlying it (Exhibit 1) really matter at this company or are they just nice words?
4. Do Whole Foods Market’s core values as presented in case Exhibit 3 really matter? Have Whole Foods’ core values contributed to the company’s success?
5. How well is Whole Foods Market performing from a financial perspective?
6. How well is Whole Foods Market performing from a strategic perspective? Does Whole Foods enjoy a competitive advantage over its rivals? Does the company have a winning strategy?
7. Do you approve of the decision to acquire Wild Oats Market? What are the Pros and Cons of the decision?
8. What recommendations would you make to John Mackey regarding the actions that Whole Foods’ management needs to take to get through the recession that began in earnest in 2008? Should the company severely cut back on opening so many new stores? Should the company vigorously contest the reopening of the FTC’s challenge to the Wild Oats acquisition?
9. UPDATE: What has happened since the time the case was written? Has Whole Foods’ situation improved or worsened? What has it done about store opening and its debt load?
To: Cheval Breggins, VP of Marketing
From: BETA Consulting Marketing Team
Date: June 30, 2014
Re: Whole Foods Market Marketing Strategies
BETA Consulting performed an in-depth analysis of Whole Foods Market to determine the most effective marketing strategies to sustain the company’s competitive advantages when entering the East Lansing, Michigan market. A detailed plan has been formulated explaining how Whole Foods Market can take advantage of opportunities in the market while avoiding the pitfalls of choosing the wrong marketing strategies. This report encompasses an overview of internal strengths and weaknesses, external opportunities and threats, and assumptions. The recommended marketing strategies outlined in the report are based on the outcome of the SWOT analysis and environmental scan. Whole Foods Market can utilize these recommendations to optimize performance when entering this new market and take over a larger part of their existing market share. BETA Consulting has determined that Whole Foods Market already has an existing infrastructure and management staff in place to continue expansion and sustain their competitive advantage, but we have isolated potential weaknesses and threats that could impede the companies’ success. Whole Foods Market sells a lifestyle, not just food, so it is imperative that the recommended strategies encompass the tools necessary to sell a lifestyle, not just a product. The purpose of this report is to provide a detailed plan of action to capitalize on the right marketing strategies for Whole Foods Market to succeed in the natural and organic food market.
Summary of Past and Current Situations -
According to Hoovers.com, Whole Foods Market is the world’s number one natural food chain. The USDA indicates that consumer demand for organic products has continued to show double-digit growth accounting for over four percent of overall U.S. food sales. Currently, 93 percent of organic food sales.
View Full Essay
It Starts With Food outlines a clear, balanced, sustainable plan to change the way you eat forever – and transform your life in unexpected ways. Your success story begins with “The Whole30,” Dallas and Melissa Hartwig’s powerful 30-day nutritional reset.
Since 2009, their underground Whole30 program has quietly led tens of thousands of people to weight loss, improved quality of life and a healthier relationship with food – accompanied by stunning improvements in sleep, energy levels, mood and self-esteem. More significantly, many people have reported the “magical” elimination of a variety of symptoms, diseases and conditions – in just 30 days.
diabetes· high cholesterol· high blood pressure· obesity· acne· eczema· psoriasis· hives asthma· allergies· sinus infections· migraines· acid reflux· celiac disease· Crohn’s· IBS bipolar disorder· depression· seasonal affective disorder · eating disorders · ADHD endometriosis· PCOS· infertility· arthritis· Lyme disease· hypothyroidism· fibromyalgia
Now, Dallas and Melissa detail the theories behind the Whole30, summarizing the science in a simple, accessible manner. It Starts With Food shows you how certain foods may be having negative effects on how you look, feel and live – in ways that you’d never associate with your diet. More importantly, they outline their life-long strategy for Eating Good Food in a clear and detailed action plan designed to help you create a healthy metabolism, heal your digestive tract, calm systemic inflammation and put an end to unhealthy cravings, habits, and relationships with food.
Infused with their signature wit, tough love and common sense, It Starts With Food is based on the latest scientific research and real-life experience, and includes success stories, a shopping guide, a meal planning template, a meal plan with creative, delicious recipes, an extensive list of resources, and much more.
Click here to download the FREEIt Starts With Food shopping list, meal planning template and more.PURCHASE It Starts With Food
Join the Whole9 Newsletter
When firefighter Rip Esselstyn discovered that several of his colleagues were in danger due to poor health, he came to the rescue and changed their diets. The results were so dramatic the Rip wrote a best-selling book, The Engine 2 Diet® . to spread the word. If Rip can help save an entire Texas fire brigade, imagine what he can do for you and your family!The Engine 2 Diet Philosophy
The guiding principle is simple: Fruits, vegetables, whole grains, beans, nuts and seeds have all the nutrients you need. And when you fill your belly with whole, minimally processed plant-based foods, you take charge of your health and become plant-strong ® .
Engine 2 is about concentrating on the good stuff:
Our exclusive Engine 2 products help you eat plant strong, all day long – even when you're short on time. We've partnered with nature's best and brightest foods to create products that strive to adhere to these healthy guidelines:
Case Study assignment
1. What are the chief elements of the strategy that Whole Foods Market is pursuing?
Fresh natural and organic foods and products with no preservatives or artificial ingredients. Promote healthier eating/lifestyle and increasing consumer knowledge/education of food safety, environment and how pesticides affect the land as well as the human body.
2. Is the strategy well matched to recent developments and conditions in the natural and organic foods segment of the food retailing industry?
Yes the Whole Foods strategy has worked well for the company. They have good products and seem to have happy employees who also obtain shares in the company. They do not have much competition only on smaller scales or small areas in existing regular food markets. The company is still expanding even in this poor market and acquiring new stores and companies.
3. Do you think John Mackey has a good strategic vision for Whole Foods? Why or why not? What do you like or dislike about the company's motto "Whole Foods, Explain.
Yes, looking at the company's profits and growth I believe John Mackey has an excellent strategic vision for this company and employees. He has managed to maintain a top quality product, expand stores all over the country, offer good employee incentives and expand his food store chains all over the USA and some locations abroad, while still making good profits. The motto to me isn't two impressive it is just a play on words to somehow match the stores name "Whole Foods" the Motto Whole Foods, Whole People, Whole Planet. If I didn't know we were talking about Whole Foods I would have no idea what message that motto was trying to convey.
4. Do Whole Foods Market's core values as presented in case exhibit 3 really matter? Are they "real" or just cosmetic window dressing? What evidence can you cite to support your answer? Have Whole Foods' core values contributed to the company's success? Why or why not?
Core values do matter as long as the company and its management practice what they preach. If employees aren't behind the managers then the companies success will either be poor or non-existent. Also customers can be tough, if they see words on a wall, look around a see poor displays, moldy food and unhappy/unfriendly store associates, customers won't come back, especially if the products being sold are high end. Whole Foods Market's Core Values are good, but are very extensive and should probably be trimmed down a little and still able to convey the message the store wants to express. From my own shopping experiences there they do seem to follow their Core Values the store is clean, colorful and the food is excellent.
5. How well is Whole Foods Market performing from a financial perspective? Do some number-crunching using the data in case exhibits 9 and 10 to support your answer. Use the financial ratios presented in "A Guide to Case Analysis" as a basis for doing your calculations.
Based on Exhibit 9 financial their sales doubled in 4 years but so did their cost of goods sold. Based on the figures in Exhibit 10 the store is in the positive for working capital having assets of $1.3M over its liabilities. The store is in the black and expanding their operations and in today's economy that is a good thing.
6. How well is Whole Foods Market performing from a strategic perspective? Does Whole Foods enjoy a competitive advantage over its three chief rivals—Wild Oats, Fresh Market, and Trader Joe's? Does the company have a winning strategy?
From the reading I would say that Whole Foods Market is performing better then the other three companies. Web searching I performed on the two companies I was not familiar with Wild Oats and Fresh Market, I found out that Whole Foods Market purchased the Wild Oats chain expanding the Whole Foods Market enterprise even further. I have never
Explore all your favorite topics in the SlideShare app Get the SlideShare app to Save for Later — even offline
Continue to the mobile site »
Double tap to zoom outWhole Foods Market Human Resources Perspective
Share this SlideShare
LinkedIn Corporation © 2016