Patagonia Executive Summary

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Patagonia outdoor clothing company, established in 1972, began its’ journey based on the passion of outdoor climbing. Yvon Chouinard, founder and resident philosopher, built his multi-million dollar empire with a vision of inspiring and implementing solutions to the environmental crisis. Trial and error brought various challenges to surface which guided the success of the company creating an awareness of sustainability. A downward spiral of the economy resulted in a global recession influencing society’s perception. Chouinard’s goal was to prove that by doing the right thing, it is possible to be both environmentally responsible and profitable at the same time. Yvon Chouinard’s love for climbing brought new beginnings which impacted his outlook
The partnership came to a halt when more challenges were presented, Frost could not take any more risks, and they both parted ways. Patagonia was struggling to stay afloat when CEO Kristine McDevitt joined forces to help them revamp. Patagonia’s team developed a product design philosophy which was pulled from the initial mission statement “Build the best product” (Ball, 2009, p. 2). While focusing on the environmental impact Patagonia portrays, in 1996, the company goes to 100 percent organic cotton. That is when the bar rose to new heights and Patagonia launched Common Threads Garment Recycling Program in 2005. The program is designed to take responsibility for their product through recycled and recycling fibers. The purpose of introducing this program was to boost the economy in many ways especially in conserving raw materials, energy and natural
Ironically, 2009 Patagonia reported having one of the best years it has had in a long time due to the recession. Two reasons were mentioned, (1) it kills the competition,and (2) customers stop buying things they want and get things they need and will last for a long time. Chouinard states, “What they do is what we should all be doing, which is consuming less and consuming better" (Ball, 2009, p.3). Patagonia represents being a financially sound company as well as meeting the standards of the environmental responsibility. The focus was on delivering the best product and not the end result. Chouinard believed that doing the right thing and leading by example ultimately that was the bottom line. He felt that if the company followed its core values it would be successful. Chouinard admits he is not in business for profits. He states, "the main stockholder in my company is the planet, and I measure our success by how much good we've done for our stockholder each year" (Ball, 2009,

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