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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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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1. Introduction It was the export promotion (EP) strategy that accounted for East Asian’s states’ success of economic development. Meanwhile‚ many other developing countries such as Latin America countries had committed to an alternative strategy‚ import substitution (IS). The IS strategy yielded disappointing results: most of these countries did not succeed in either industrialization or economic growth while export-oriented industrializations (EOIs) sustained fast economic development. Data
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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
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AN EXPORT-LED GROWTH STRATEGY Meekal Ahmed * This essay makes no pretence to offer a novel concept or a new development strategy and most economists reading it will probably stifle a yawn and turn the page. Yet it is a subject worth talking about. Many countries round the world‚ most notably the former Asian Tigers‚ China‚ Brazil‚ Turkey and more recently India have followed such a strategy with great success. Pakistan has not and it is well to ask why and what we can do about it. Pakistan has
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avoid putting too much structure in place since this would constrain innovation. Innovation Strategy and Leadership The company has always valued innovation and this has been a consistent and key theme since their inception; their ‘hero’ figures amongst previous CEOs have been strongly associated with enacting and supporting the innovation culture which characterizes the firm. Their overall innovation strategy is focused on two core themes – deep technological competence and strong product development
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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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1. How the 3 M innovation process evolved from the time the company was found? Answer: The innovation process at 3M has typically been a focus area for the upper management. The company had taken a getoutoftheway attitude towards the product developers who in turn have worked accordingly towards innovation. Along with technicians each team had a process engineer to ensure that the product was efficiently made. The entire team did not face any risk if the product failed.
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company 1.1 History 1.2 Philosophy 1.3 Organization 1.4 The company’s activities 1.5 Activities concerned by the exportation 2 Macro economic analysis 2.1 LE PEST C analysis 3 Export strategy 3.1 The reasons of the company’s international opening 3.2 The current exporting strategy 4 Export abilities 4.1 The export diagnosis 4.1.1 The production tool 4.1.2 The finance 4.1.3 The products 4.2 Analysis of the German market 4.2.1 The Four C framework 4.2.2 Satisfyer 5 Dolfin’s SWOT analysis
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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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