Why Walmart needs to rethink its innovation program:
, and also, interestingly enough, until yesterday, was run by Finnegan herself as CEO.
The fourth and fifth initiatives are Project Franklin and Project Kepler, both of which there is also little known about at this point in time, and Kepler doesn’t even show up on the Store N8 website. I asked Walmart to comment on both, but Walmart did not provide any further information by the time of publication.
The last point is a stretch. The difference between these initiatives and Amazon's approach is that Amazon’s initiatives ladder back to its. Everything ties back to Amazon’s promise of low prices, selection and convenience. Amazon's experiments feed a virtuous cycle. They are not standalone ideas. So, the hope, the sincerest hope, in light of Finnegan’s resignation announcement yesterday, is that Walmart will pause and ask itself some hard questions about the intent of its Store N8 initiative. Now is the time for Walmart to be honest with itself and to manage the work better. Long-term strength will come not from the above, but from more focused innovation efforts, like, and from ensuring that the leaders of said initiatives don't exit through stage left before Act I is even over.
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