mission statement at 3M “3M’s commitment is to actively contribute to sustainable development through environmental protection‚ social responsibility and economic progress. To us‚ that means meeting the needs of society today‚ while respecting the ability of future generations to meet their needs.” => The mission statement provides a rationale for what the company intends to do and a framework within which strategy is formulated (Hill‚ 2008). Environmental objectives at 3M Key objectives:
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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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Presentation Transcript KFC: KFC Case study of KFC BACKGROUND OF KENTUCKY FRIED CHICKENS(KFC): BACKGROUND OF KENTUCKY FRIED CHICKENS(KFC ) KFC is based in Louisville‚ Kentucky‚ and is the world’s most popular chicken restaurant. Founded by Colonel Harland Sanders in the early 1930s by cooking & serving food for hungry travellers. In 1952 Sanders started franchising his chicken business & named it as KENTUCKY FRIED CHICKEN. KFC is the world’s largest restaurant company in terms of system
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Week 3 Assignments Legend: Means part completed Means NEED to complete Call tech support for help Submit a copy of your Career Plan. • Team Exercise Organizational Planning / SWOT Analysis PepsiCo •Identify the company’s internal and external stakeholders. PepsiCo’s internal stakeholders are any employees‚ board members‚ and any volunteers. This would encompass every employee from the delivery driver‚ to the CEO and Board Member- Indra Nooyi
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SWOT Analysis • • • • Strengths Weaknesses Opportunities Threats Mission An organization’s fundamental purpose SWOT Analysis To formulate strategies that support the mission Internal Analysis Strengths (distinctive competencies) External Analysis Opportunities Weaknesses Threats Good Strategies Those that support the mission and • exploit opportunities and strengths • neutralize threats • avoid weaknesses Copyright © by Houghton Mifflin Figure 8.1 8–1 Porter’s Generic Strategies Strategy
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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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Anheuser-Busch InBev SWOT Analysis To be the Best Beer Company in a Better World SWOT Analysis of AB InBev I have the assignment to make the SWOT analysis of a company. So first I will explain what a SWOT analysis is‚ second I will give some background information about the company and last I will make the SWOT analysis about the company. SWOT Analysis A SWOT Analysis‚ also called a SWOT Matrix‚ is a method to make a structured planning to evaluate the Strenghts‚ Weaknesses
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SWOT Whereas the STEEP model looks at the industry as a whole‚ SWOT concentrates on your particular business. The acronym stands for Strengths‚ Weaknesses‚ Opportunities and Threats. Generally speaking‚ the first two are internal factors‚ and the last two external ones; those on the right of the template are positive factors‚ those on the left‚ negative. As above‚ the following diagram suggests some of the issues that may be significant‚ but as this is a personal analysis‚ only you will be
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