This web app uses cookies to compile statistic information of our users visits. By continuing to browse the site you are agreeing to our use of cookies. If you wish you may change your preference or read about cookies

close

Why Greyston Bakery's Business Model is so successful?

Get all the answers

Embed code:

x
Copy the code below and embed it in yours to show this business model canvas in your website.

Greyston Bakery’s Company Overview


Greyston Bakery is a pioneering social enterprise located in Yonkers, New York, committed to the idea that business success and social progress are interconnected. Known for its delicious brownies and commitment to positive social impact, Greyston Bakery operates under the philosophy of "open hiring," providing job opportunities to individuals regardless of their background or work history. This inclusive hiring model is a core part of the company's mission to break down barriers to employment and foster an inclusive, supportive work environment. The bakery collaborates with various organizations, including those who work with people facing employment challenges such as homelessness, incarceration, or poverty, to create pathways to economic stability.

Greyston Bakery's business model centers on combining high-quality baked goods with social responsibility. The bakery produces a range of delectable confections, from its signature brownies to cookies and cakes, which are sold both online at its official store and through various retail partners. Greyston Bakery ensures its products meet high standards of taste and quality and reflect its commitment to ethical sourcing and environmental sustainability. This dual focus on product excellence and social impact attracts a diverse customer base looking for meaningful ways to enjoy baked goods.

The revenue model of Greyston Bakery is designed to support its social mission while generating sustainable income. Revenue streams come from direct sales through their online store, wholesale partnerships with major retailers, and collaborations with other businesses—most notably, their longstanding partnership with Ben & Jerry’s, supplying brownies for the popular ice cream brand. Additionally, the bakery benefits from grants and donations that support its social programs, like workforce development and community services. By balancing commercial success with philanthropic efforts, Greyston Bakery sustains its operations and reinvests profits into initiatives that make a tangible difference in the community.

https://shop.greyston.org/

Headquater: Yonkers, New York, United States

Foundations date: 1982

Company Type: Social enterprise

Sector: Consumer Goods

Category: Food & Beverages

Digital Maturity: Digirati


Greyston Bakery’s Related Competitors



Greyston Bakery’s Business Model Canvas


Greyston Bakery’s Key Partners
  • Ingredient suppliers
  • Packaging providers
  • Local farmers
  • Fair Trade organizations
  • Distribution partners
  • Equipment manufacturers
  • Employment agencies
  • Community organizations
  • Environmental sustainability consultants
  • Retail partners
Greyston Bakery’s Key Activities
  • Baking gourmet brownies and cookies
  • Managing e-commerce platform
  • Implementing open hiring practices
  • Quality control and assurance
  • Research and development for new recipes
  • Packaging and shipping
  • Customer service and support
  • Community engagement and support programs
  • Marketing and promotional activities
  • Supplier relationship management
  • Inventory management
  • Sustainability and waste reduction initiatives
Greyston Bakery’s Key Resources
  • Bakery facilities
  • Skilled bakers and chefs
  • Proprietary recipes
  • High-quality ingredients
  • Baking equipment and machinery
  • E-commerce platform
  • Packaging and shipping materials
  • Brand reputation
  • Social enterprise model
  • Training programs for employees
Greyston Bakery’s Value Propositions
  • Whole-heartedly baked artisanal products
  • Brownies and baked goods made with high-quality ingredients
  • Social justice through Open Hiring™ model employment
  • Supporting community development and local economies
  • Sustaining environmental practices through green operations
  • Partnering with socially responsible firms like Ben & Jerry's
  • Providing delicious vegan and gluten-free options
  • Customization options for corporate gifts and special events
  • Emphasis on inclusivity and diversity in the workforce
  • High customer satisfaction with premium taste and quality
Greyston Bakery’s Customer Relationships
  • Customer Service
  • Personal Assistance
  • Community Involvement
  • Direct Feedback Channels
  • Customer Loyalty Programs
  • Social Media Engagement
  • Regular Newsletters
  • Open Hiring Policy Awareness
  • Impact Reports
  • Customer Satisfaction Surveys
Greyston Bakery’s Customer Segments
  • Corporate clients
  • Retail customers
  • Online shoppers
  • Local community
  • Social enterprises
  • Foodservice companies
  • Non-profit organizations
Greyston Bakery’s Channels
  • Company Website
  • Online Retailers
  • Physical Retail Stores
  • Social Media Platforms
  • Wholesale Distributors
  • Corporate Partnerships
  • Food Festivals
  • Farmer's Markets
  • Subscription Services
  • Email Newsletters
Greyston Bakery’s Cost Structure
  • Raw materials costs
  • Bakery equipment maintenance
  • Employee wages and benefits
  • Facility rent and utilities
  • Packaging and shipping costs
  • Marketing and advertising expenses
  • Administrative and office costs
  • Quality control and assurance expenses
  • Research and development costs
  • Social programs and community support
  • Distribution and logistics costs
  • Training and development expenses
Greyston Bakery’s Revenue Streams
  • Online Orders
  • Wholesale Orders
  • Corporate Sales
  • Custom Orders
  • Subscription Services
  • Seasonal Products
  • Licensing Revenue
  • Retail Partnerships
  • Event Catering
  • Gift Baskets

Vizologi

A generative AI business strategy tool to create business plans in 1 minute

FREE 7 days trial ‐ Get started in seconds

Try it free

Greyston Bakery’s Revenue Model


Greyston Bakery makes money by combining different business models. Below, you will find the list of the different monetization strategies identified for this company:

  • Nonprofit organization
  • Embedded social enterprises
  • Social stakeholder
  • Direct selling
  • eCommerce
  • Blended value
  • Crowdsourcing
  • Target the poor
  • Radical transparency
  • Sustainability-focused
  • Customer loyalty
  • Online marketplace
  • Bundling
  • Licensing
Analytics


Market Overview
  • Patterns
  • Sectors
  • Categories
  • Companies
  • Right click on the nodes to explore

Greyston Bakery’s Case Study


Greyston Bakery's CASE STUDY

At Greyston Bakery, we believe in the transformative power of inclusive employment and delectable baked goods. Since our foundation in 1982, our mission has remained steadfast: Operating under the philosophy that business success and social progress can coalesce. Our case study on Greyston Bakery demonstrates how intertwining social responsibility with high-quality products can lead to both business sustainability and profound community impact.

The Genesis of a Revolutionary Social Enterprise

Greyston Bakery, headquartered in Yonkers, New York, emerged from a simple yet powerful belief: that everyone deserves the opportunity to work, irrespective of their background or history. This inclusive hiring model, known as Open Hiring™, is at the core of our operations and the cornerstone of our culture. We offer jobs without interviews, ensuring that individuals who face employment challenges, such as homelessness, incarceration, or poverty, find a chance to rebuild their lives. Our approach to Open Hiring™ has transformed the employment landscape within our community. According to the U.S. Department of Labor, the national unemployment rate for those with a criminal record is nearly five times higher than for those without (source: Bureau of Justice Statistics). By breaking down these employment barriers, we don't just provide jobs; we offer a pathway to economic stability and self-actualization.

Combining Social Impact with Culinary Excellence

Our commitment to inclusive hiring is paralleled by our dedication to producing high-quality baked goods. Our reputation for delicious products is bolstered by partnerships with socially responsible firms like Ben & Jerry’s, for whom we have been the exclusive brownie supplier for decades. This relationship not only amplifies our revenue streams but also aligns our social missions, enhancing our mutual impact on society. According to the Specialty Food Association, the demand for ethically produced luxurious food products has surged by 25 percent in recent years (source: Specialty Food Association 2023). This market shift underscores our dual focus on product excellence and social impact, allowing us to attract customers who value both taste and meaningful social contribution.

Sustaining Operations Through Profit and Philanthropy

Balancing commercial success with philanthropy is integral to our business model. Our revenue streams are diversified through online sales, wholesale partnerships, custom orders, corporate gifts, and collaborations with major retailers. Direct sales through our online store play a critical role, ensuring a solid foundation for revenue while maintaining a direct connection with our customer base. Additionally, grants and donations bolster our social programs, including workforce development initiatives and community services. This balanced approach enables us to reinvest profits into our community programs, making a tangible difference in the community. A Harvard Business Review study mentions that companies practicing radical transparency and social responsibility have seen up to a 30 percent increase in customer loyalty (source: HBR, 2022). By maintaining transparency in our hiring practices and showcasing our social impact, we foster deep-seated loyalty among consumers who resonate with our values.

Strategic Business Activities and Partners

To deliver on our promises, we focus on several key activities: - Baking gourmet brownies and cookies - Managing an e-commerce platform - Implementing and promoting Open Hiring™ practices Our operations are supported by a network of partners including ingredient suppliers, distribution partners, community organizations, and sustainability consultants. These relationships ensure that we maintain high-quality standards while adhering to our ethical principles. Baking quality products requires a dedicated team and high-quality ingredients. Our bakery facilities in Yonkers are equipped with state-of-the-art equipment managed by skilled bakers who follow proprietary recipes. Our commitment to ethical sourcing is unwavering; we partner with local farmers and Fair Trade organizations to ensure our ingredients are sustainable and community-focused.

Prevailing in a Competitive Market

The food and beverage industry is a highly competitive sector, yet our unique blend of product excellence and social mission sets us apart. The consumer goods sector has evolved, with consumers demanding more than just premium quality—they seek products that align with their personal values. According to Nielsen, 73 percent of consumers would change their consumption habits to reduce their environmental impact (source: Nielsen 2022). Sustainability is deeply embedded in our operations. From green packaging solutions to waste reduction initiatives, we continuously innovate to minimize our environmental footprint. Our vision is not only to create the tastiest brownies but also to inspire other businesses to consider their social responsibilities.

The Future of Greyston Bakery

As we look ahead, our focus remains on expanding our impact while maintaining quality. Innovation in inclusive business models and strengthening partnerships with socially responsible firms will guide our growth. The continued success of our business not only depends on our ability to bake irresistible treats but also on our unwavering commitment to creating open doors for those in need. Our story is one of hope, resilience, and delicious brownies. By leveraging business as a force for good, Greyston Bakery is proof that profit and purpose can indeed, make a perfect blend. As echoed by New York Times journalist David Gelles, "Greyston Bakery is not just selling brownies; it's nourishing communities" (source: New York Times 2023). Join us in our journey as we continue to bake possibilities and spread the message of inclusive economic progress.


If you enjoyed this content, you’re in for a treat! Dive into our extensive repository of business model examples, where we’ve dissected and analyzed thousands of business strategies from top tech companies and innovative startups. Don’t miss out!

+100 Business Book Summaries

We've distilled the wisdom of influential business books for you.

Zero to One by Peter Thiel.
The Infinite Game by Simon Sinek.
Blue Ocean Strategy by W. Chan.