talents‚ initiative and leadership * Earn the admiration of all those associated with 3M worldwide Business Strategy in 3M In order to motivate the employees and in order to increase the speed with which they were working‚ certain decisions had to be taken which were made strategic objectives and they had to be achieved by adhering to those rules. Thus business level decisions were taken. a) 15% rule – At 3M‚ innovation is a must. It is a compulsory strategy. There are certain scenarios where
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3M HR Management Action Plan Stephanie XXXX MBA-FP6241 Human Resource Management in the 21st Century Knowledge Organization E-mail: Instructor: Dr. Jane Petrick Table of Contents Introduction 3 Aligning 3M’s Business Goals with HR 4 Aligning 3M’s Organizational Goals with HR
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INNOVATION -- IN DEPTH By Brian Hindo At 3M‚ 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
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was concerned that if OS moved back to only generating a profit with its ongoing auto components sales‚ it would eventually go out of business. But if the new project worked‚ along with future ideas for other major projects‚ the unit would not fold … 3M wouldn’t let it. The OS unit needs to immediately accomplish several things: 1. Stop occupying so much of Guehler’s time. He has four other business units‚ all of which are larger than OS. 2. Start making money. OS had been losing money since
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3M Optical System Managing Corporate Entrepreneurship Andy Wong ( manager of the OS business unit): how managing the formal approval process of the Authorisation for Expenditure – minimizing the risk of kill ideas- presented by his team? Informal channels: seeking support from mentors higher in the organization but this option has to be used carefully and not often. Restructure the project: carrying on within the unit. Paul Gueheler (vice president of SSSD) is worried about OSunit. His
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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 of technical
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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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the organizational structures and devices 3M uses to encourage entrepreneurial activity. Why do they work? 3M heavily based its business on innovation and while doing this it always supported its employees in terms of being innovative. 3M also always followed the alternative ways in order to increase their profit and market share‚ and they found that one of the best ways is through organizational innovation. Therefore‚ in order to improve their business 3M developed 6 different strategies over its
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3M Corporation 3M was founded in 1902 and has grown into an extremely diversified international organization. The company offers a variety of products and services: "consumer and office; display and graphics; electro and communications; health care; industrial and transportation; and safety‚ security and protection services‚" (3M‚ 2007). 3M does business in several countries all over the world; because of this‚ they participate in e-business on an international level. This opens the door to many
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3M has been known for decades as an entrepreneurial company that pursues growth through innovation. It generates a quarter of its annual revenues from products less than five years old. 3M started life as the Minnesota Mining and Manufacturing Company back in 1902. Its most successful product - flexible sandpaper - still forms an important part of its product line but this now comprises of over 60000 products that range from adhesive tapes to office supplies‚ medical supplies and equipment to traffic
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