INNOVATION AT 3M CORPORATION: CASE STUDY There are two major issues highlighted in this case study: 1. Is the ‘lead-user’ process‚ an effective method for research and subsequent product innovation? 2. Should the Medical-Surgical Markets Division (MSMD) lead-user research team present its revolutionary new approach to treating infection to senior management despite the fact that it challenged the existing business strategy? QUESTION 1 The answer to the first question is ‘yes’. By the
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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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OPTICAL AMPLIFIERS IN OPTICAL COMMUNICATION SYSTEM Arminder kaur1‚ Upneet Kaur2‚ Gaurav soni3 1‚2M.Tech Scholar (ECE)‚ Amritsar College of Engg. &Technology‚ Amritsar‚ Punjab‚ India. 3Associate Professor‚ Deptt. of ECE‚ Amritsar College of Engg. & Technology‚ Amritsar‚ Punjab‚ India. ABSTRACT: This paper reviews several technologies of optical amplifiers with their applications and we focus on the recent progress in some important aspects of several optical fiber amplifier technology
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Individual Research Paper 3M Prepared for: TC Sydney Graduate School of Management By: Surbhi Suri: 16453584 Submitted On: 09/11/2010 EXECUTIVE SUMMARY 3M is a multinational company with branches operating all over the globe. 3M is looking to grow in the new markets for its long term strategy‚ and decided to service China‚ India‚ and Singapore. 3M expansion in the international markets and business strategy is build around its core competency of innovation. 3M has adopted product differentiation
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their inventions. Having said that‚ low rankings employees can’t always get their products up the ladder‚ this is certainly the case for 3M. Products don’t die at 3M‚ but this case study does suggest that many good ideas never materialize to a good product. After all‚ the Post-It success looks a bit miraculous‚ and miracles don’t happen very often. 4. Every 3M researcher gets to spend up to 15% of his time pursuing his own interests. This policy is immeasurable because of the very nature of a scientist
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OPTICAL FIBER COMMUNICATION Zafar Yasin OUTLINE - Introduction about Optical Fibers. Main Characteristics of Fiber Optics Communication System. Light propagation in an Optical Fiber. Mode Analysis for Single Mode Fiber. Mode Analysis for Multimode Fibers. Surface Plasmon Resonance. Optical Fiber Surface Plasmon Resonance Sensors. Fibre Optic? Dielectric waveguide of cylindrical geometry with core and cladding of suitable material. refractive index of core > refractive index of
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CASE #4: 3M Canada: Industrial Business Division PROBLEM RECOGNITION * The target is to increase growth rate from 3-5% to 12-15% in 18 months * OEM market is mature with limited prospects of expansion * Ultimately shifting overall focus from OEM market to MRO market * High unfamiliarity and low exposure to the MRO market * IBD’s share of distributor sales was 2% of distributors’ revenue * Transitioning focus from Special and Niche accounts to Large National accounts
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Halim looks for cash to buy most of the Renong. Asiaweek‚ 26(43). Thomas‚ T. (2002). Corporate finance and debt in the Malaysian financial crisis of 1997. In Corporate Governance in Asia: Lessons From the Financial Crisis‚ Malaysia: UNDP. Yong‚ D.‚ Wong‚ R.‚ Chong‚ E.‚ Lim‚ Y. P.‚ & Chan‚ T. H. (1991). The biggest reverse takeover in local history. The Star‚ March 25. Yusof Abu Othman. (2000). A voice of minority shareholders: What ’s the minority shareholders watchdog group. Bulletin of Securities
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There is no need to change basic corporate culture of innovation at 3M. 3M already has impressive internal strengths and in order to avoid further stagnation and increase company’s earnings per share more cohesive and systematic plan is needed. We would recommend the long term strategy development to increase the efficiency and competetiveness of the 3M products. 3M is fundamentally a science-based company. We produce thousands of imaginative products‚ and we’re a leader in scores of markets -
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3M and Norton Evolutionary vs. Classical Strategic Management A Case Study from Jim Collins & Jerry Porras‚ Built to Last‚ 1997 Questions for Discussion (1) 3M’s strategy contradicts nearly everything that an MBA program is supposed to teach you about planning and control. Explain: a. How would marketing studies and product planning benefit 3M in producing more successful products? b. How 3M can expect to survive in the long run if it is unable to compute the return on investment and cash
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