Transparent Companies

One of my readers alerted me to this article in the April 1996 issue of Fast Company about the open culture of Whole Foods, a company that was approaching $1 billion in annual sales back then. The author called their approach \”the future of democratic capitalism.\”

Today the company\’s market cap is $9 billion and sales will exceed $5 billion this year. This company is doing a lot of things right. Its non-heirarchical open culture is fascinating. Here\’s a quote from the 1996 article:

PaidContent.org: February 16, 2006 Archives

Amazon to sell branded mp3 players pre-loaded with content?

Now this could be very interesting…a low-cost subscription model for a player with pre-loaded content. That is exactly where I\’ve wanted to go with LDSAudio.com and mp3books.com. If Amazon does it first for the mass market, hopefully it will pave the way for us to do this in smaller, niche markets where we like to play.