John Mackey
John Mackey
John Mackeyis an American businessman. He is the current co-CEO of Whole Foods Market, which he co-founded in 1980. Named the Ernst & Young Entrepreneur of the Year in 2003, Mackey is a strong supporter of free market economics, has strong anti-union views, and co-wrote the best-selling book Conscious Capitalism, which was released in 2013. He is one of the most influential advocates in the movement for organic food...
NationalityAmerican
ProfessionBusinessman
Date of Birth15 August 1953
CountryUnited States of America
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The stakeholder approach to business sees integration rather than separation, and sees how things fit together.
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The way most people approach business - and the way they mostly teach in business school - involves the analytical mind. It divides it up and looks at parts in isolation.
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Profits are one of the most important goals of any successful business, and investors are one of the most important constituencies of public businesses.
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Operating under the conscious capitalism model will show that businesses are the true value creators that can push all of humanity upward for continuous improvement.
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I tell students and young professionals all the time to follow their hearts, do what they truly love, and if it's business, run it by being grounded in ethical consciousness.
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You have to understand: the narrative that people have about business and capitalism is that they are fundamentally selfish, greedy, and exploitative. Of course, I don't agree with that narrative.
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Not everyone is born to run a $4 billion company. There is no magic formula. I've learned, and I've grown by learning. That's why I've enjoyed being in business so much: It's stretched me.
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We believe that business is good because it creates value. It is ethical because it is based on voluntary exchange; it is noble because it can elevate our existence, and it is heroic because it lifts people out of poverty and creates prosperity.
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We've always tried to be good citizens in the communities that we do business in.
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At a lot of companies founded on principles, the notion of making money is almost antithetical to the ethos of the place. From the very beginning, our business has existed to meet the needs and desires of multiple constituencies: customers, team members, vendors, shareholders, the community.
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Your typical business just measures the metrics that have to do with the profitability of the business one way or another. But you can have metrics that measure employee happiness and the morale. You can also do direct customer surveys; you can track it over time. You can do supplier satisfaction scores as well.
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You can't live if you don't eat, but you don't live to eat. And neither does business exist primarily to make a profit. It exists to fulfill its purpose, whatever that might be.
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I think for any small business that's bootstrapped, the overwhelming challenge initially is getting to positive cash flow.
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Starting my own business was kind of a wakeup call in a number of different ways. I had to meet a payroll every week, and we had to satisfy customers, and we had competitors that we had to compete with in order to have those customers come into our stores, and we had to compete with other employers for our employees.