Walmart Case Suggested Answers
WALMART Sustainability Strategy- Suggested Solutions
1.
How is Walmart deriving business value from its sustainability strategy?
Walmart is deriving business value from its sustainability strategy in several ways. Lee
Scott, President and CEO of Walmart in support of a sustainability strategy also set three goals for the cooperation: to be supplied 100% by renewable energy, to create zero waste and to sell products that sustain resources and the environment. Through the strategy, Senior level employees would be in charge of running cross-functional teams. Instead of hiring new employees, Walmart's strategy was to make sustainability a new responsibility for all current employees. Only small teams of executives were dedicated to work on sustainability full-time. Consulting groups, academics, suppliers, nongovernmental organizations, critics, and competitors were all asked for their input in order to help
Walmart collect data. This allowed Walmart to avoid having to hire a whole new department of staff, allowing them to cut their costs. As Elm stated, ““Business sustainability isn't something you're doing in addition to your job. It is a new way of approaching your job.” Another way Walmart was deriving business value was by forming relationships. They realized that value doesn't always have to come from a monetary form but it can also come from sparking interests with certain customers. Behind all of
Walmarts initiatives, the core strategy team made it clear that the sustainability strategy was still a business strategy. Walmart wanted to become sustainable by reducing their energy used, waste produced, and finally producing products more efficiency and with sustainable packaging with still making a profit.
Cost reduction: In addition, Walmart adopted eight business strategies aimed at boosting its sustainable reputation and also leading to business growth in the company. The eight business practices include cutting out middleman in the supply chain,
1.
How is Walmart deriving business value from its sustainability strategy?
Walmart is deriving business value from its sustainability strategy in several ways. Lee
Scott, President and CEO of Walmart in support of a sustainability strategy also set three goals for the cooperation: to be supplied 100% by renewable energy, to create zero waste and to sell products that sustain resources and the environment. Through the strategy, Senior level employees would be in charge of running cross-functional teams. Instead of hiring new employees, Walmart's strategy was to make sustainability a new responsibility for all current employees. Only small teams of executives were dedicated to work on sustainability full-time. Consulting groups, academics, suppliers, nongovernmental organizations, critics, and competitors were all asked for their input in order to help
Walmart collect data. This allowed Walmart to avoid having to hire a whole new department of staff, allowing them to cut their costs. As Elm stated, ““Business sustainability isn't something you're doing in addition to your job. It is a new way of approaching your job.” Another way Walmart was deriving business value was by forming relationships. They realized that value doesn't always have to come from a monetary form but it can also come from sparking interests with certain customers. Behind all of
Walmarts initiatives, the core strategy team made it clear that the sustainability strategy was still a business strategy. Walmart wanted to become sustainable by reducing their energy used, waste produced, and finally producing products more efficiency and with sustainable packaging with still making a profit.
Cost reduction: In addition, Walmart adopted eight business strategies aimed at boosting its sustainable reputation and also leading to business growth in the company. The eight business practices include cutting out middleman in the supply chain,