Essay on Core Values of the Whole Foods Market
Maximizing profits is an end from the private point of view; it is a means from the social point of view. A system based on private property and free markets is a sophisticated means of enabling people to cooperate in their economic activities without compulsion; it enables separated knowledge to assure that each resource is used for its most valued use, and is combined with other resources in the most efficient way. (M. Friedman, 1973)
He paraphrased Mackey’s belief, which promoted social responsibilities, as an alternate way of profit maximization. Thus, Mackey should be delighted that his distinctive stakeholders-centered business worked out so far. But what exactly made his countercultural business paradigm, stakehoderism, become possible and profitable? The answer to this question is the stakeholders themselves.
Birds of a feather flock together
People, sharing the same value as Whole Foods Market, all become major stakeholders of the Whole Foods Market. Without all the help from the stakeholders, the Whole Foods Market could hardly have today’s achievement. Similar to most start-ups, the Whole