Analysis: The Greening Of Walmart

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Essay #4: The Greening of Walmart

Supplying eco-friendly products has been on the Walmart agenda since the early 1990s. After a failed first attempt and much criticism, the company decided to try again. In a speech made in October of 2005, CEO of Walmart, H. Lee Scott Jr., declared Walmart would devise a “business sustainable strategy” to reduce the environmental impact the company had. Walmart could not pull this off alone. If they only focused on the confines of themselves, rather than all that they were involved with, it was estimated that they’d only reduce their impact by about 10%. To reach that goal of 100%, Walmart had to involve stakeholders to make networks which achieve sustainability. These networks proved to be vital in not only Walmart’s goal in minimizing its environmental impact, but recovering their reputation, avoiding criticism, saving money, raising awareness, improving customer satisfaction, and creating incentive for other businesses to work towards sustainability.
Walmart recognized several areas with the greatest environmental impact and began working towards sustainability in each of those areas. One area …show more content…

Walmart will lose costumers if the company does not meet the demand to stock innovative and desirable product at the cost of violating the new sustainability policies. The company therefore needs to find the right balance of eco-friendly products and conventional ones. Walmart should be able to continue this in the long term. They may release information on the harmfulness of the conventional products they sell in order to keep them on the shelves. This way the company can raise awareness and still meet the demands of consumers. Walmart wants to be considered an environmentally friendly and sustainable company, but the right balance of conventional product is necessary to keep such a company in

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