1. Introduction Blu-ray is a new optical disc standard based on the use of a blue laser rather than the red laser of today’s DVD players. The standard‚ developed collaboratively by Hitachi‚ LG‚ Matsushita (Panasonic)‚ Pioneer‚ Philips‚ Samsung‚ Sharp‚ Sony‚ and Thomson‚ threatens to make current DVD players obsolete. It is not clear whether new Blu-ray players might include both kinds of lasers in order to be able to read current CD and DVD formats. The new standard‚ developed jointly
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Six Sigma at 3M 1. What are the potential benefits and risks of implementing Six Sigma at 3M? Benefits: Six sigma not only provides a platform to improve existing processes but also enables 3M to design new processes in an efficient manner so that it results in lowered costs‚ increased sales‚ improved customer satisfaction‚ improved managerial development‚ increased cash flow and increased pace of development of 3M. 3M Acceleration was implemented by 3M to improve efficiency and pace of product development
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Case: Innovation at 3M Corporation What had been 3M’s traditional approach to innovation? Product developers at 3M generally relied on more traditional methods of seeking marketing input. They collect data from sales representatives‚ focus groups‚ customer evaluations‚ site visits‚ and data on risk factors for diseases. Product developers mainly focused on finding new angel or twist on early trends and basically didn’t have direct access to customers. In 3M‚ Sales representatives contacted with
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3M Introduction to Business Profile An ever-growing‚ innovative company‚ 3M is considered to be a science-based‚ multinational company which develops and manufactures over 55‚000 products. 3M was originally founded in 1902 by Henry S. Bryan‚ Herman W. Cable‚ John Dwan‚ William A. McGonagle and Dr. J. Danley Budd. It was originally called the “Minnesota Mining and Manufacturing Company” (hence the ticker symbol “MMM”). The company’s headquarters is located in Maplewood‚ Minnesota. 3M
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Executive Summary Three Rivers Optical is a company located in Pittsburgh which supplies lenses to the ophthalmic community. Steve Siebert‚ CEO and head of marketing faces different challenges on deciding if he should keep trade shows he has been doing as sales have not been proficient enough‚ and whether he should invest in new trade show to grow TRO’s market share. Steve’s plan is to invest into different states such as California and Michigan in the next five years. As TRO is moving towards
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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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Administration Department Term: Fall 2013 Assignment for Course #: MGMT 317 Course Name: Management of Human Resources Submitted to: Dr. Mussie Tessema Submitted by: Alex Tschida Due Date: December 4‚ 2013 Assignment Title: Staffing Practices of 3M CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance received in its presentation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I used‚ data‚ ideas or words
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Executive Summary Optical fibres are being increasingly used in the telecommunications industry. They are slowly replacing the conventional copper cables due their superior ‘data transmission’ properties. They transmit data via light pulses within glass or plastic strands. Fibre optics fit the material requirements for good data transmission since they are ability to transmit and preserve quality of signals‚ durable and cost-effective. Some of the current materials employed within the industry
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OPTICAL PACKET SWITCHING Kunal K Mehta(11BEC107) Electronics and communication branch Institute of Technology‚ Nirma University Ahmedabad 11bec107@nirmauni.ac.in Abstract: Optical packet switching promises to bring the flexibility and efficiency of Internet to transparent optical networking technology with bit rate extending beyond that is currently available with electronic router technologies. New optical signal processing have been demonstrated that enable routing at bit rates from
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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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