Strength : 1) Since 3M Co. holds its consistency in the industry for 80 years of operation‚ rendering good qualities of their products and services satisfying the needs of their customers and clients. 2) Taking risk in expanding of subsidiaries in the global market. Recruiting thousands of employees to be part of the company. Weaknesses: 1) No formal organizational chart was formulated in company. 2) Not advisable to put a word “ AUTONOMOUS” which is subject to its own laws or regulation only
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3M Corporation Company Background: The Minnesota Mining & Manufacturing Corporation (3M) was founded in 1902. It reported sales revenues of $16.7 billion during the year 2000. These revenues came from 3M ’s six business divisions: industrial; transportation‚ graphics‚ and safety; healthcare; consumer and office; electro and communications; and specialty materials. All business divisions were profitable in 2000. The same year‚ the company made more than 60‚000 products and about $5.6 billion sales
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what extent is 3M justifiably highlighted as the ‘innovating machine’? Answer: This case study has highlighted some of the key activities and principles that contribute to 3M’s performance. Many of these are not new and are indeed used by other companies. However‚ in 3M’s case they may be summarized as an effective company culture that nurtures innovation and a range of management techniques and strategies that together have delivered long-term success. There is evidence that 3M supports these
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specialization in tapes and adhesives are 50%-60% division turnover and abrasives are 40%-50% ■ Access to experience and knowledge pool of the worldwide organization and profiting from close connection in the marketing strategies of over 50 divisions in 3M ■ Natural fit with the culture of the Special and Niche categories ■ Groomed employees grow and develop to become product experts Weakness ■ IBD had not concentrated on the MRO segment because it was fragmented with slight brand loyalty ■ Sales
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50‚000 Products but 3M Still Searching for Growth According to Mr. Thulin‚ 3M’s CEO‚ “.‚ is trying to maintain 3M’s reliable profitablitly while giving sales growth a bit more zip.” 3M has a vast product line already so in order for Thulin to increase profit even more he is going to have to be innovative and come up with several strategic plans. On the business side‚ he is going to have to see what products are not reaching the target sales growth and maybe sell them off to another company and
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3M CASE STUDY Q1) Conservative Approach: Three Product Concepts * Mandate from management * Should not risk new process; Dunlop may use “revolution” against new method * Need to validate method at least once before basing major strategic decisions on it. * Not enough data yet to make such a drastic recommendation * Three concepts appear very promising and are enough of a “success” already. Radical Approach: New Business Unit Strategy * Team was charged with finding breakthroughs;
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How to do business in Russia ? Bibliographie : http://franchiseinrussia.com/ http://en.azfra.com/articles/88-franchising-in-russia.html http://books.google.fr/books?id=lwZV1L2mpfsC&pg=PA395&lpg=PA395&dq=licensing+in+russia&source=bl&ots=MxmR2xzaNr&sig=kLs7JWBwQ613_5H-Fm_LtGfTTGA&hl=fr&sa=X&ei=CCFGUfrfGcHBPMnOgKAO&sqi=2&ved=0CEsQ6AEwBA#v=onepage&q=licensing%20in%20russia&f=false http://www.bakermckenzie.com/files/Publication/3f5010
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6‚ 2012 Mr. Sessions Russia Population 140.4 million GDP (PPP) 2.2 Trillion 4.0% Growth 3.4% 5 Year compound annual growth 15‚837 Per capita 7.5% Unemployment 6.9% Inflation (CPI) 41.2 Billion Russia’s politics takes place in the framework of a federal semi presidential republic. According to the Constitution of Russia‚ the president of Russia is head of State and of a multiparty system with executive
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better methods? 3. Beauty Contests * Do they serve any purpose in society? 4. Cell Phones * How have they changed us socially? 5. Civil Disobedience * Is breaking the law for a cause justifiable? 6. Divorce * Should we reform laws to make it harder to get a divorce? 7. Electronic Information Preservation * Does the Information Age mean we are losing important historical information? 8. Exams * Exams often do little more than measure a person’s ability to take exams. Should
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Climate How cold do you think Russia can get? The Russian winter certainly guarantees plenty of snow and frost… but not everywhere. And it doesn’t last forever. Russia’s climate varies dramatically‚ from the deep Arctic chill of the far north to the searing desert heat of some inland areas further south. Yet‚ throughout much of the country there are only two distinct seasons – winter and summer. Spring and autumn are only brief spells of change in between. [pic]Russian winter (photo by Irina
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