Essay On Walmart Sustainability Index

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Recommended: Wal-Mart's market development

Wal-Mart’s sustainability index developed
Wal-Mart’s strategy over time helped it establish leadership position in discount retailing. It used rural underserved markets to announce its arrival. It also used innovation levers, customer centricity, positioning as a low cost player, and effective stakeholder management including employees, suppliers, and stockholders to achieve distinctive competitive advantage. It successfully outperformed other firms in the industry leveraging its strategy to achieve overall cost leadership. Their customers desire products that are more efficient, last longer and perform better. They want to know the product’s entire lifecycle. They want to know the materials in the product are safe, that it is made well and is produced in a responsible way. These desires inspired them to help develop the sustainability index. With this initiative, they are helping to create a more transparent supply chain, accelerate the adoption of best practices and drive product innovation and ultimately providing their customers with information they need to assess products’ sustainability.
Now, there are certain tools that Wal-Mart has used in the past and in the present in order for the company to continuously out resource it competition:
• improve the sustainability of the products our customers love
• integrate sustainability into our core business
• reduce cost, improve product quality and create a more efficient supply chain
• strengthen customer trust in Wal-Mart and the brands we carry by leading our industry in product transparency
Now, Top Shelf goal is to maximize shareholders’ wealth. At the most basic level, this also brings economic responsibility to make a profit so that they can provide a return to their...

... middle of paper ...

...n that defines or doesn't hold up when the merchandises form. Nonetheless, even in file based workflows, there is a distinction between a product which is being produced and a service that is provided to fill or a need.

Reference:
Sustainability Index, Wal-Mart, retrieved from: http://corporate.walmart.com/global-responsibility/environment-sustainability/sustainability-index Nakra Prema, (2006). Should You Care About Country of origin Impact? International Business
Training, retrieved from: http://www.i-bt.net/anm/templates/trade_article.asp?articleid=218&ump;zoneid=3 Jessica Jones, What are the four types of Utility Marketing, Chron, retrieved from: http://smallbusiness.chron.com/four-types-utility-marketing-24420.html

Business strategies for sustainable development, retrieved from: http://www.iisd.org/business/pdf/business_strategy.pdf

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