The corporate
management team of Wal-Mart worked inside the “Bentonville Bubble” that
attentive to improve the operational growth, the efficiency as well as profits.
While the building of employee’s network, agencies of the government, the
sights, suppliers as well as the nonprofits have been widened the largest
retailer company around the world currently to green the supply of Walmart. In
the paper, the brief information how and why the largest retailer company of
the world is using the network technique for minimizing the environmental
footprint as well as for bringing the improvements in profitability. The
article is telling why Walmart is adopting the eco-friendly products and the
processes, how the network approach helps the Walmart go green without increasing
costs or spending their profits on increasing the greening effect. The company
is working with the network partners to pursue the agenda of the sustainability
of the business as well as company is doing extend the managerial abilities
through making the business relations with NGOs to design and set the
objectives for calculating the performance of the environment, to provide help
to suppliers that were invisible to the company for the improvement of the
processes as well as accept and use the latest technology, as well as to
develop the sources to generate the revenue. Furthermore, the networking method
of Walmart is motivating the suppliers for attaining the commits to promote and
purchase those products which are classified into eco-friendly products, combines
the business with a smaller as well as the cultivates for the long term as the strong
relations with the suppliers that put their attention on the innovations
environmentally.
Moreover, the approach
of the network of Walmart Company is better than any other approaches because it
remains in every condition profitable. Another way of the company is to use the
business network to develop the bridge among the nonprofit organizations as
well as the suppliers of the company. The company has also begun to make long
term commitments to increase the speed of supplies as well as to provide
assistance to the farmers for making more transitions. Walmart has introduced
new kind of networking which is the business sustainability technique.
1.
Why
did Wal-Mart decide to change its environmental strategies?
Walmart
focused on the environment as well as wanted to reduce the impacts on the
environment. For increasing the sustainability of the environment, Walmart has changed
the environmental strategies.
2.
What
are some of the potential challenges that Wal-Mart faced as the World's largest
retailer?
There
are several challenges that Walmart faced as the largest retailer in the world.
The very first challenge or problem with Walmart is that its stores have very
poor hygiene as well as neatness. Secondly, the main problem is that the
company stores have no fast restocking mechanism. Some of the stores have no kind
of digital system, and they are fully manual-based stores. The prices of
Walmart are not much lower than the competitor’s prices. In the last, the headquarters
of Arkansas, as well as Bentonville, requires needs to make better customer
service departments.
3.
In
your opinion, is Wal-Mart successful in its new retailing strategy?
Explain why and how, and provide some examples.
The company’s new
strategy is really good, and it is successful. There are several advantages to
the new strategy of Walmart. The new strategy of Walmart did bring improvements
in the economy of the company, successfully collect the low the cost products
and sell them at the lower prices, high number of the employer as well as by
having new strategy, they started additional business to other market segments.