1. In this context, explain the factors the Board of Directors will need to consider in developing a strategic plan.
2. Provide a detailed discussion of what the organization will need to do to create a strategic plan for the next 5 years.
3. Critically evaluate how the strategic plan will relate to individual performance
4. How can management enhance organizational support for the performance management plan through this strategic planning process?
Whole Foods Market, a publicly traded company, is in the process of developing a new strategic plan for 5 years from 2007 to 2012.
The industry faces different challenges from those experienced during the past 25 years. Originally, Whole Foods Market was among the pioneers who introduced a supermarket format into the natural foods industry in the United States.