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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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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Innovation at 3M 3M attributed much of its growth to its innovative products and incremental/extensions of existing products. However‚ of late they hadn’t come up with anything significant and they were stagnating. At this point‚ Ms. Rita Shor implemented the “Lead User Research” methodology to come up with four recommendations on new innovative products and strategy. In my opinion‚ Ms. Shor should put forward their first three recommendations to Mr. Dunlop. They consisted of development of three
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Submitted by: Group 1 Alok Aswathy Ashwini Nayanshree Sai Sujeetha Shivani INTRODUCTION The 3M Company‚ formerly known as the Minnesota Mining and Manufacturing Company‚ is an American multinational conglomerate corporation based in St. Paul‚ Minnesota. 3M headquarters are in the St. Paul suburb of Maplewood‚ Minnesota. Five businessmen founded 3M in Two Harbors‚ Minnesota‚ in 1902. Originally a mining venture‚ the goal was to mine corundum‚ but this failed because the
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Clothes make the difference People have a lot of different perceptions about the way that people dress these days. When you see a man or a woman in a suit‚ what do you normally think? Most would say they look like a “business person” or they look like they are going somewhere “important”. This is one of the many out looks people have about people and their dressings. Whether people like to admit it‚ the way you dress says a lot about who you are and they type of personality you hold. This
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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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Education Makes a Difference From one-room schoolhouses in tiny village huts to technologically advanced college classrooms‚ education assumes many forms and functions. Yet uniting every kind of learning is the promise to the public that whatever the position people occupy and frustrations people meet‚ they will have chances to access to transforming themselves through the valuable education. Education makes the opportunities for people regaining the hope and motivation and it also gives the
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Threats Intense Competition The Chicken Rice Shop is facing intense competition from large‚ multinational fast food restaurants such as KFC‚ Kenny Rogers Roasters‚ Pizza Hut‚ McDonald’s etc. Many new and existing fast food restaurants are overcrowded in the country but still growing and opening rapidly. Spread of Diseases Diseases such as bird flu and mad cow disease happening time to time and it will affect the fast food production around the world. Consumer will decide not to eat food related
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The Power to Make a Difference “We cannot empower another‚ because to presume to do so removes the element of choice” (Burkhardt & Nathaniel‚ 2008‚ p. 471). Although nurses may not be able to empower patients‚ they can‚ through the process of empowerment‚ enable patients to speak up. Nurses can help patients develop an awareness of areas that need change and support the desire to take action. Approaching a patient as an equal partner allows for collaboration and aids in communication which is
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3M The article “Strategic Stories: How 3M is Rewriting Business Planning” is a two in one type of article. The author initially discusses the drawbacks of using bullet point in presentations‚ mainly on how it contains lack of information‚ clarity and attention to the audience. The author continues by giving an alternative way of delivering the idea in mind by a strategic narrative style‚ which captures the audience and delivers the points needed to be made effectively. Throughout the article the
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