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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Optical Distortion‚ Inc (ODI) is a company that has developed special contact lenses to harmful impact the eyesight of egg-laying chickens. The reduced vision from the contact lenses helps preserve the life of chickens‚ increase the productivity of egg laying and reduce costs for farmers using the lenses for their flocks. At the end of 1974‚ ODI’s owners and management were finalizing a strategic marketing plan to introduce the lenses commercially early in 1975 and work towards nationwide penetration
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Case Analysis Optical distortion‚ Inc. Presented by Donnette Russell Marketing Plan Table of Contents Executive Summary 3 The Challenge 3 Situation Analysis 4 Market Segment 4 Alternative Marketing Strategies 4 Selected Marketing Strategy 4 Short and Long Term Projections 4 Conclusion 4 Executive Summary Optical Distortion‚ Inc. was incorporated in 1966‚ after an innovator by the name of Daniel Garrison stumbled upon an opportunity to enhance the output
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OPTICAL AMPLIFIER An optical amplifier is a device that amplifies an optical signal directly‚ without the need to first convert it to an electrical signal. An optical amplifier may be thought of as a laser without an optical cavity‚ or one in which feedback from the cavity is suppressed. Optical amplifiers are important in optical communication and laser physics. There are several different physical mechanisms that can be used to amplify a light signal‚ which correspond to the major types of optical
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As to the strategy of 3M‚ the company mainly focuses on its innovation. The company improves its products through industrial‚ electronic market and transportation. The examples of the products of the company are waterproof sand paper (the company’s first product) and post-it-notes. The company performance on management is considered visionary because it offered innovative products which holds higher quality and is more convenient in the matter of usage. The CEO of the company has a rule which stated
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3M Strategy 1) How does your company handle strategy? How does your company handle strategy? Minnesota Mining and Manufacturing‚ also known as 3M‚ is one of the world’s premier manufacturing companies. The 3M Company handles strategy like mostly any other business. The number one reason people go into a business is because they want to make as much money as possible. This can be accomplished if they have a strategic approach to it. For example‚ the most important strategy that 3M uses is selling
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Making things look bigger When you use an optical instrument‚ whether it be something very simple like a magnifying glass‚ or more complicated like a telescope or microscope‚ you’re usually trying to make things look bigger so you can more easily see fine details. One thing to remember about this is that if you want to make things look bigger‚ you’re always going to use converging mirrors or lenses. Diverging mirrors or lenses always give smaller images. When using a converging lens‚ it’s helpful
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Optical Computing Jainam Shah Kalol Institute Of Technology‚ Kalol‚ Gujarat‚ India. jainam_8888@yahoo.co.in Abstract—Optics has been used in computing for a number of years but the main emphasis has been and continues to be to link portions of computers‚ for communications‚ or more intrinsically in devices that have some optical application or component (optical pattern recognition‚ etc). Optical digital computers are still some years away‚ however a number of devices that can ultimately lead to
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Harvard Cases for BBUS 521 1. 2. 3. 4. 5. 6. 7. Southwest Airlines (A)‚ Reprint # 9-575-060 Cumberland Metal Reprint # 9-580-104 Optical Distortion Reprint # 9-575-072 Biopure Corp. # 598-150 Nestle Refrigerated Foods‚ # 9-595-035 Aqualisa Quartz: Simply a Better Shower: 9-502-030 Fashion Channel: Market Segmentation‚ # 2075 Case Preparation Questions: The list provided below for each case are Preparation Questions. They are not meant to be comprehensive nor are they to be answered in sequence
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New companies entering the market‚ mergers‚ and globalization‚ on pricing and the sustainability of profits Sustainability at 3M grew from a commitment to both innovation and ethical conduct. By continually increasing sustainability at the economic‚ social‚ and environmental levels‚ we believe we are building a strong‚ vital company today‚ and leaving a rich legacy on which future generation. We recognized early that doing business in new‚ smarter ways would not only create a more viable
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