1. What are the chief elements of the strategy that Whole Foods Market is pursuing?
The chief elements of the strategy that Whole Foods Market is pursuing are providing foods labeled natural and organic. Whole Foods executes that by offers the highest quality, least processed, most flavorful naturally preserved and fresh foods available. 2. Is Whole Foods’ strategy well matched to market conditions in the food retailing industry (one of the criteria for a winning strategy discussed in Chapter 1)?
Yes, Whole Foods’ strategy is well matched to the market conditions. Their product line strategy is focused on providing natural, organic, and gourmet food and nonfood …show more content…
Yes, Whole Foods enjoys a competitive advantage over its rivals. First of Whole Foods is a name brand of the organic and natural grocery stores. When most people think of organic they think of Whole Foods, brand recognition. Whole Foods has double the amount of stores that all of its rivals has and Whole Foods now has locations around the globe. Since Whole Foods is a larger company it can offer products at a more competitive price point than its rivals.