Individual Research Paper 3M Prepared for: TC Sydney Graduate School of Management By: Surbhi Suri: 16453584 Submitted On: 09/11/2010 EXECUTIVE SUMMARY 3M is a multinational company with branches operating all over the globe. 3M is looking to grow in the new markets for its long term strategy‚ and decided to service China‚ India‚ and Singapore. 3M expansion in the international markets and business strategy is build around its core competency of innovation. 3M has adopted product differentiation
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3M Optical Systems: Managing Corporate Entrepreneurship MST550 – Capstone Professor Jack Raiton HBSP Case #395-017 Discussion Questions 1. What practices make 3M such an innovative company? 2. What is Any Wong’s role as the OS Unit’s general manager? How effective has he been? 3. What is Paul Guehler’s role as division vicepresident? How effective has he been? 4. What should Andy Wong do with the computer screen AFE? If he gets the AFE‚ should Guehler fund it? Case Outline • • • • • •
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Introduction to 3M 3M is a $31 billion diversified science-based technology company with a global presence and the following business groups: Consumer‚ Electronics and Energy‚ Health Care‚ Industrial‚ and Safety and Graphics. These five business segments bring together combinations of 3M’s 46 unique technology platforms to produce various products‚ driving innovation and providing for efficient sharing of business resources. With operations in more than 70 countries — and 55‚000 products sold across
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Leadership Development at 3M: New Process‚ New Techniques‚ New Growth Margaret Alldredge‚ Cindy Johnson‚ Jack Stoltzfus‚ 3M;Al Vicere‚ Smeal College of Business‚The Pennsylvania State University; and the 3M ALDP Design Team F rom the moment she first shook his hand in a receiving line after his arrival at 3M‚ Margaret Alldredge‚ staff vice president‚ Leadership Development and Learning‚ knew Jim McNerney was passionate about developing leaders. McNerney was fresh from an enormously successful
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Implement a strategy to overcome communication barriers. Barriers to communication can present themselves in many diverse forms. Barriers to communication must be anticipated and avoided‚ by though-out communication strategies . Evaluating past communication helps see where improvement can be made. If I want to others to be open to me ‚ I have to open myself at first. Moreover ‚I have to ensure that the person I am communicating with not only hears but understands the statement I am going to
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CASE #4: 3M Canada: Industrial Business Division PROBLEM RECOGNITION * The target is to increase growth rate from 3-5% to 12-15% in 18 months * OEM market is mature with limited prospects of expansion * Ultimately shifting overall focus from OEM market to MRO market * High unfamiliarity and low exposure to the MRO market * IBD’s share of distributor sales was 2% of distributors’ revenue * Transitioning focus from Special and Niche accounts to Large National accounts
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Case study-The 3M Company Insert name Insert institution Insert instructor’s name Insert the date Case study-The 3M Company Initially known as the Minnesota Mining and Manufacturing Company‚ this company was pioneered in 1902 at Minnesota near Lake Superior. It was set up to sell mineral deposits which were later proved to be valueless and this initiated early research and development of this company while in Duluth. This saw its success in selling sandpaper products. The company later increased
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3M Business Analysis III Steve Phelps MGT/521 April 23‚ 2012 3M Business Analysis III To answer the question of how current economic trends are affecting 3M and what strategies 3M is using to adapt to the those economic trends‚ it is necessary to understand what the current state of the United States economy is‚ then define what economic trends exist. The Economy The best ways to understand what encompasses the economy in the United States is to first
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1. How has 3M’s innovation process evolved since the company was founded? Why‚ if at all‚ does 3M known as a "hothouse" of innovation‚ need to regain its historic closeness to the customer? First‚ they discover their first product by accident. Technician bypass purchasing agents in order to better understand product needs. Walked into factories and workplaces and talk directly to workers. Then‚ one developer discovered some success ignoring company order. Causing the attitude. It is better
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http://www.iep.utm.edu/fem-stan/ Feminist Standpoint Theory Feminist standpoint theorists make three principal claims: (1) Knowledge is socially situated. (2) Marginalized groups are socially situated in ways that make it more possible for them to be aware of things and ask questions than it is for the non-marginalized. (3) Research‚ particularly that focused on power relations‚ should begin with the lives of the marginalized. Feminist standpoint theory‚ then‚ makes a contribution to epistemology
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