Walmart's new Sustainability global strategy

Over the last few weeks I have been discussing a series of social strategy developments that have utilised some terrific business case examples.  Today I want to draw your attention to Walmart's CEO in Beijing on the 25th Oct 2012.

Walmart gets a lot of bad press but I want to talk about how more and more companies feel they need to take further steps towards sustainability and socially inclusive business strategy development.  Look at the following example taken directly from their website. If anyone has any experiences with this strategy development I'd love to hear from you.

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Innovation on Demand- the facts

Innovation on Demand- the facts
  • The Australian Innovation System Report 2012 reveals that compared with firms that do not innovate, innovative Australian firms are:
    • 42% more likely to increase profitability;
    • 3 times more likely to export;
    • 4 times more likely to increase the range of goods or services offered;
    • more than twice as likely to create new jobs; and
    • more than three times more likely to increase training opportunities for their employees.

And - The Australian Government’s gross expenditure on R&D has risen to 0.77% of GDP, the seventh highest in the OECD.  See: http://www.innovation.gov.au/Innovation/Policy/Pages/AustralianInnovationSystemReport.aspx

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