Topic: How 3M draws up sales and spending forecasts? Questions: 1. Sketch out the 3M organization structure from the board of directors to the production foreman as best as you can from the information in the article Management committee (President‚ seven group vice presidents and nine vice presidents of staff departments) Controller Groups of divisions (Group vice presidents and Group head) Divisions (General managers) Departments (Department managers) Top aides Foreman 2. How many
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company----3M. 3M is a manufacturing company that has a long history‚ it has a series of well-known products and brands. The first part of the paper will identify and discuss three issues in the case study of 3M‚ which intrigues me the most. In the next part of the paper‚ the creative innovation method used in 3M will be hypothetically applied to an electronic company in Hong Kong; the difficulty that might be confronted will be discussed. In the last part of the paper‚ the method of 3M will be applied
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Apollo 13 “Houston We ’ve Got A Problem” 12/1/11 Apollo 13 was supposed to be the third mission by NASA to land a space shuttle onto the moon. The crew aboard the ship consisted of James A. Lovell‚ Jr.‚ John L. Swigert‚ Jr.‚ and Fred W. Haise‚ Jr. (KSC). The launch date for Apollo 13 was set for April 11‚ 1970 at 13:13 Houston time (James A. Lovell). The Smithsonian National Air and Space Museum summarizes the events of the Apollo 13 incident as “An explosion in one of the oxygen tanks crippled
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1. How has 3M’s innovation process evolved since the company was founded? Why‚ if at all‚ does 3M known as a "hothouse" of innovation‚ need to regain its historic closeness to the customer? First‚ they discover their first product by accident. Technician bypass purchasing agents in order to better understand product needs. Walked into factories and workplaces and talk directly to workers. Then‚ one developer discovered some success ignoring company order. Causing the attitude. It is better
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David Fine ACC641- corp tax 2 Chapter 7 Intro * Just like companies are able to be created tax free‚ corporations are given the ability to restructure and reorganize as long as they follow the code rules * Since the reorganizations are usually substantial‚ the tax implication can be significant * The taxable gain for a shareholder is likely to be treated as either a dividend or a capital gain. * These tax classifications are less then the rates for ordinary income
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Innovation at 3M Corp. : How can it be replicated? Introduction: 3M Corp. is one of the most successful global companies in the world‚ which famous at being innovative in its cultures and company growth. As heard‚ 3M Corp. currently manufactures more than 50 thousand different products. So we now focus on how innovation in 3M‚ including working culture and people management‚ etc. can be replicated and benefits different areas in our daily applications. In 3M Corp.‚ Uses of 3 types of Innovation:
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3M Case Study 1. There are many examples of successful companies. To what extent is 3M justifiably highlighted as the ‘innovating machine’? 3M’s use’s an effective company culture that nurtures innovation and use’s an innovative range of management techniques and strategies that together have delivered long-term success. Some of the techniques 3M is noted for employing are: hiring good people and trusting them; this will bring about innovation and excellent performance. 3M ensured that
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7 Assignment (Case Study – 3M optical systems) 1． Consideration from the point of view of Andy Wong First of all‚ if I were Andy Wong‚ I would approve the expenditure plan in order to challenge the latest computer privacy screens again. That is why there are mainly three reasons. (1) First‚ I think we have some advantages to succeed in this new market. For example‚ we have two strong distribution channels‚ like COSD and DSMD. Or we can utilize various specialists who work for 3M and have variety
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Innovation: Championing 3M’s Post-it Notes by Knowledge@SMU‚ 13 April 2010 Go ahead and experiment with your idea. But what if I fail‚ you may ask. It is okay‚ said Geoff Nicholson‚ a former senior executive with multi-product manufacturer 3M‚ famous for its wide range of innovative products for both consumers and businesses. In fact‚ that is the trait you should look for in your employees – people who are not afraid to make mistakes – if you want your company to go far in innovation‚ said
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MEMORANDUM To: From: Date: Subject: Statement of Facts * Polluter Corp. runs three manufacturing facilities in the United States where they make various household cleaning products. * The Federal Government restricts the company to an emission allowance or EA‚ which must be used in the year prescribed by the government between 2010 and 2030. * EAs are considered intangible assets with a cost basis of zero. * EAs can be bought and sold from other companies with no
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