Balanced Scorecard The balanced scorecard is a strategic planning methodology used by corporate executives to balance financial concerns (stockholders)‚ customer concerns‚ process concerns and innovation concerns during day-to-day operations. Since each of these four concerns feed the top level strategic vision of a corporation‚ this balance is required to ensure that daily operations are aligned with the long-term strategic vision of the corporation. What Is a Balanced Scorecard? The balanced
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Corporate soCial responsibility sCoreCard 2010 The Hershey Company 2010 Corporate Social Responsibility Scorecard outlines our progress in advancing the priorities we established in our 2009 Corporate Social Responsibility Report. We understand that operating a sustainable‚ competitive business requires a commitment to improving our economic‚ environmental‚ and social performance. This scorecard shows how we performed against the goals published in our 2009 CSR Report as well as against newer
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persistent help this dissertation would not have been possible. I would like to thank Mr.Tabish Ahmed Hashmi‚ Senior Supply Chain Manager at 3M Pakistan who provided us with the required information to complete our research report on 3M. In addition‚ I would like to thank my institute PAF-KIET for providing us such a platform to complete our management project on 3M. Which increased our knowledge regarding management. Contents Acknowledgement 1 3MIntroduction 3 Company History 3 Vision Statement
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Competency Model: An Internally Developed Solution • 133 3M’S LEADERSHIP COMPETENCY MODEL: AN INTERNALLY DEVELOPED SOLUTION Margaret E. Alldredge and Kevin J. Nilan This article describes the development of an executive-level global competency model at 3M. The work on this model was completed in partnership with the company’s top executives and a global team of in-house professionals. The competency model itself consists of 12 competencies and generalizable behavioral anchors for each competency. The
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Minnesota Mining & Manufacturing Company Case Study Table of contents Table of contents Page 1 Introduction to 3M Page 2 Market and products Page 2 Performance over the last 5 years Page 3 International Marketing Activities Page 4 Miscellaneous Topics Page 6 Appendix 1 Page 7 References Page 8 Introduction to 3M 3M Company‚ the Minnesota Mining and Manufacturing Company‚ was founded in 1902 by five businessmen. They wanted to make a profit out of minerals for grinding
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BUS/475 Balanced Scorecard To develop objectives from the vision‚ mission‚ values‚ and SWOTT analysis‚ one must first understand what the vision‚ mission‚ values‚ and SWOTT analysis of a company include. It also is important to derive the significance of the objectives in the implementation of a balanced scorecard (BSC). The BSC is a management system in a matrix format that tracks and measures the process of a company as it relates to customers‚ finances‚ internal processes‚ and leaning and growth
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3M Introduction to Business Profile An ever-growing‚ innovative company‚ 3M is considered to be a science-based‚ multinational company which develops and manufactures over 55‚000 products. 3M was originally founded in 1902 by Henry S. Bryan‚ Herman W. Cable‚ John Dwan‚ William A. McGonagle and Dr. J. Danley Budd. It was originally called the “Minnesota Mining and Manufacturing Company” (hence the ticker symbol “MMM”). The company’s headquarters is located in Maplewood‚ Minnesota. 3M
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Introduction to 3M 3M is a $31 billion diversified science-based technology company with a global presence and the following business groups: Consumer‚ Electronics and Energy‚ Health Care‚ Industrial‚ and Safety and Graphics. These five business segments bring together combinations of 3M’s 46 unique technology platforms to produce various products‚ driving innovation and providing for efficient sharing of business resources. With operations in more than 70 countries — and 55‚000 products sold across
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SWOT analysis III. Organizational focus: 1. Organizational structure 2. Type of structure in relation with the type of business IV. Brief Financial analysis and trends (3 years): 1. Liquidity 2. Equity 3. Debt ratios 4. Profitability ratios 3M Company was founded in 1902 by five businessmen‚ a lawyer‚ a doctor‚ two railroad executives and a butcher. The first headquarter was in the Lake Superior town of Two Harbors. Its completed name is Minnesota Mining and Manufacturing Minn. The company
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Balanced Scorecard MGT 521 Sept 11‚ 2013 Balanced Scorecard Table 1 Balanced Scorecard Aspect of Company Performance Factors to be Considered Organizational Goal Actual Performance Gaps Financial Quarterly Profit Results Return on Capital Employed $5‚000 $4‚000 $6‚000 $1‚500 Quarterly profits were higher than anticipated ($6‚000 versus $5‚000)‚ Return on Capital Employed was much lower than Organization goal ($1‚500 versus $4‚000). Customer Customer Satisfaction Rate
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