Walmart's CSO Shines a Light on Achieving Upward Mobility in Retail

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Walmart's CSO Shines a Light on Achieving Upward Mobility in Retail

By Jordan K. Speer, Apparel Editor in Chief - 01/23/2017
People and communities need other people and communities, and one of the best ways that businesses can help people and communities is not simply through philanthropy, but by doing what businesses do best: creating economic value. Lately, said Kathleen McLaughlin, chief sustainability officer, Walmart and president, Walmart Foundation, in her keynote at NRF, there has been an expansion and deepening of what this means.

While in recent decades business was primarily discussed in terms of its value to shareholders, today we talk of "stakeholders." This is a key philosophical shift that puts everyone whom the business touches vs. just those on Wall Street at the center of a business strategy. Who are stakeholders? They are customers, sales associates, employees, local communities, the environment and yes, shareholders. Business must strengthen the systems we all value.

What does business helping people look like? It comes in many forms. Read on to find out what the a-ha moment for Walmart was and the shift it caused. Click here for the full story: "At NRF, Walmart's CSO Shines a Light on Retail's Opportunity for Upward Mobility"