00:20 |
Introductory words by John Mackey
00:50 |
A new business paradigm
Influence of corporations
Social perception of corporations
Anti-globalization movement
Limitations of current business models
Economic theories during the industrial revolution
What is the purpose of a business?
Who defines the purpose of a business?
Entrepreneurs as creators of a business
Participants in a business
Companies with great purposes
Profits as a secondary goal
Voluntary cooperation in business
Legal and fiduciary responsibilities of management
Selling the highest quality of natural and organic foods available
Satisfying and delighting our customers
Happy customers and excellence
Innovative employee practices
Comparison of Whole Foods against Fortune 500 Companies
Distribution of stock options
Whole Foods business results
Economic value added: EVA
44:56 |
Whole Foods social responsibility
Treatment of livestock animals
51:46 |
Limitations of current non-profit models
Traditional stereotypes of organizations
Non-profit organization model
57:17 |
Questions and answers
Why am I opposed to profit?
Does philanthropy equal social responsibility?
Who should control corporations? stockholders or stateholders?
What about conflicts between various stakeholders? How do you create the right balance?
A revision of Adam Smith's Wealth of Nations
How do you create the right balance between profit maximization and consumer satisfaction?
What is the percentage of full time employees of Whole Foods? How does it compare with the food retailer industry?
When do you decide your company to become public? Are team leaders also shareholders?
When did you decide to implement EVA?
What happened to Whole Foods' stock value last year?
How do you pick which communities you're going to invest?
How did your relationship with Grameen Bank start? Why did you select Guatemala?
Do you plan to open stores in developed countries?
What would be the greatest challenge of opening a store in Guatemala?
Did you have any previous entrepreneurship experiences?
As Whole Foods' expands, will you change the proportion of organic products and local goods?
