and increase efficiency” (Nelson and Quick‚ 2011-363). The very things that some believe got 3M were they were‚ McNerney wanted to streamline the company and eliminate the wastefulness. Initially his idea caused a growth of twenty-two percent annually but not for long. McNerney was committed to Six Sigma and imbedded it deeply into 3M until his departure in 2005. Some experts believe that McNerney‚ by implementing the Six Sigma program into the company stifled the creativity and did not
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A Struggle between Efficiency and Creativity How CEO George Buckley is managing the yin and yang of discipline and imagination Not too many years ago‚ the temple of management was General Electric (GE ). Former CEO Jack Welch was the high priest‚ and his disciples spread the word to executive suites throughout the land. One of his most highly regarded followers‚ James McNerney‚ was quickly snatched up by 3M after falling short in the closely watched race to succeed Welch. 3M’s board considered McNerney
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1. Evolution of 3M’s innovation process 1.1 Shift in Management’s Goal on Innovations The innovation process shifted away from innovating incremental products or product line extensions to radical products that are completely new to the market. Emphasizing the importance of this shift‚ 3M’s top management has set a new objective to generate 30% sales from radical products. 1.2 Traditional Market Research Traditionally‚ 3M hired market researches to understand the market trends. Other market
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Barczak‚ G.‚ Lassk‚ F. & Mulki‚ J. (2010) Creativity allows teams to solve problems and leverage existing resources simply by virtue of having different thoughts and perspectives. Emotional intelligence promotes team trust which fosters a collaborative culture which increases the creativity of the team. Increased EQ in individuals and teams allows for better communication and openness to different ideas. Team emotional intelligence is the ‘ability of a group to develop a set of norms that manage
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20:453–476 DOI 10.1007/s10798-009-9102-z Methods that may stimulate creativity and their use in architectural design education ´ Doris C. C. K. Kowaltowski • Giovana Bianchi • Valeria Teixeira de Paiva Published online: 13 November 2009 Ó Springer Science+Business Media B.V. 2009 Abstract The architectural design process is based on a creative phase where creativity is highly valued. Although the literature on creativity is rich in ways to stimulate the decision-making process‚ these tools
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Discuss the three-component model of creativity Max J Meindl California Coast University Question #2: Discuss the three-component model of creativity. The three-component model of creativity proposes that individual creativity essentially requires expertise‚ creative-thinking skills‚ and intrinsic task motivation. In a paper written by Teresa M. Amabile of the Harvard Business School titled COMPONENTIAL THEORY OF CREATIVITY‚ she proposes or puts forward the theory that “there are four
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Efficiency: Some variation form the industry averages is evident‚ but this may simply reflect seasonal sales fluctuations. The efficiency of JB Hi Fi Ltd Company includes inventory turnover‚ debtors turnover and creditors turnover. Inventory turnover is the measure and evaluate corporate buy stock‚ production‚ selling back the status of the comprehensive management indicators. In 2009 and 2010‚ JB Company has inventory turnover 65days and 57days respectively. And Harvey Norman Company has 91 days
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Effectiveness x Efficiency = Results. The above formula which is usually used for high performance always baffled me. I often get confused with both the terms as to what these words mean & hence extremely curious enough to know as to what these words actually mean in management parlance. After going through some of the texts‚ books I could really gather what these words stands for and what is the exact meaning of this particular word in the context of the management. If both these words are understood
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October 22‚ 2010 ENTR 6200 Section 3 Northeastern University 3M’s Greptile Grip Technology Case Introduction: 3M’s Sports and Leisure Products business unit took an existing technology‚ 3M’s “micro-replication” and applied it to a golf glove. 3M has enjoyed great success from combining the “micro-replication” with high quality Cabretta sheep leather to create a high quality golfing glove that is second to none being offered on the market. Since the introduction of the 3M Greptile Grip
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What spoils our creativity? Hello‚ladies and gentlemen.I’m so glad to be here to share my speech with you all.Today‚my topic is what spoils creativity.Our generation is supposed to be most creative for we enjoy a lot of marvelous creation that our former generations had never met before.However‚it is not the case.We have to admit that most of us fail to be creative for most of time nowadays.How could this happen?What spoils our creativity?After thinking for a long time‚I figure out‚to some extent
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