Question: can yoi help me please is performance management Case Study 1: Whole Foods Market Whole Foods Market, a publicly traded company, is in the process
can yoi help me please is performance management
Case Study 1: Whole Foods Market 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. During the past 25 years, this company grew through mergers and acquisitions of local and regional family-run natural foods retailers, expanding to the United Kingdom in 2004 with the purchase of Fresh and Wild. (In 2007, the company announced it was in the process of acquiring Wild Oats Market in the United States as soon as concerns regarding possible monopolies could be resolved.) Most of these companies emphasized stringent quality standards, sustainable agriculture, local community involvement, and development of an empowered and passionate staff. Although there are shared cultures, many of the original company loyalties remain. In 1992, Whole Foods Market became a publicly traded stock on the New York Stock Exchange. (It had a two for one stock split in 2001.) In 1999, Whole Foods.com went online as an e-commerce site which has merged with other Internet properties to become Gaiam.com in 2005. The corporate Web site has continued to provide information on the company and its mission emphasis of "Whole Foods, Whole People, Whole Planet." Meanwhile, the world economy appears to be expanding, although some political situations may be less stable. For example, increased security in the United States may interfere with worldwide shipments of food. The Internet continues to offer both opportunities and challenges to e-commerce. One Web site now provides encouragement to Whole Foods Market employees who are attempting to form a union. You have been hired as a performance management consultant by the Board of Directors to assist them in developing the strategic plan for the next 5 years. 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

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