Preview

3M Case Study

Satisfactory Essays
Open Document
Open Document
550 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
3M Case Study
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; Medical-Surgical business needs growth * Team is empowered and should report all relevant information. * Fits the defiant 3M culture * Fits 3M’s new strategic mission even though Dunlop does not buy into it. Q2)
Incrementalism worked well because it…
Has allowed for leveraging pre-existing product platforms such as Post-it notes and Scotch brand tape can reduce development costs while exploiting 3M’S pre-existing marketing channels and relationship. .
.
.
Q3)
Traditional 3M Development Process * Developers, in recent decades, lack direct contact with customers * Developers are not directly accountable for understanding customer’s needs. * Marketing research is outsourced to third parties or “thrown over the wall” * Traditional methods are linear and tend to support primarily incremental innovations

Lead User Research Process * Puts developers in direct contact with users * Focus on a few individuals (Lead Users and lead use experts) with extremely rich need and solution-specific information In lead user research, a considerable amount of time is spent in people networking in order to find the right ‘lead users’ to work with, as opposed to traditional market research methods which only collect information from users who are at the center of the target market

* Developers learn from users outside traditional business focus * -picked up from a market that is either loosely related or even unrelated to the target market as

You May Also Find These Documents Helpful

  • Better Essays

    Finc 235

    • 872 Words
    • 4 Pages

    3M, Inc. was founded in 1902 at the Lake Superior town of Two Harbors, Minn. Five businessmen set out to mine a mineral deposit for grinding-wheel abrasives. But the deposits proved to be of little value, and the new Minnesota Mining and Manufacturing Co. quickly moved to nearby Duluth to focus on sandpaper products. The five industrious and tenacious northern Minnesota businessmen with diverse occupations founded 3M. They financed the company to mine mineral for grinding wheel abrasives. Like many others in the early 1900s, 3M's founders incorporated first and investigated later (3M Company History). The company had many struggles throughout its journey, but also had many great strides along the way. In 1920, they created the world’s first waterproof sand paper, in the early 1940s, 3M was diverted into defense materials for World War II which was something the company was not used to be involved in (3M Company History). One of 3M’s most famous things they are known for are the post-it notes and they were introduced in the 1980’s. In the 1990s, sales reached the $15 billion mark, while this 3M continued to develop an array of innovative products, in 2004, sales topped $20 billion for the first time, with innovative new products contributing significantly to growth (3M Company History).…

    • 872 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Bsbwor501 Quiz 4

    • 345 Words
    • 2 Pages

    In customer relationship management, firms selling big-ticket items with small customer bases often find it advantageous to develop…

    • 345 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Cmm Case Study

    • 142 Words
    • 1 Page

    CM successfully spoke to Lisa Marshall (caregiver) regarding the referral to the Hudson CMO. CM provided a brief description of the CMO and what we have to offer to Alexia (youth) and the family. CM informed caregiver that at the initial meeting paperwork will be signed and both she and youth need to be present. Caregiver reports youth is currently inpatient at Children’s Crisis Intervention Services (CCIS) and she is not allowed to see youth due to her being a trigger for youth. CM encouraged caregiver to contact CCIS and provide the CCIS worker with CM number, therefore, the team can scheduled an initial meeting for youth. CM also provided caregiver with a brief description of the FSO program. CM asked if caregiver would…

    • 142 Words
    • 1 Page
    Good Essays
  • Good Essays

    What does this case imply about the supply of and demand for employees and the implications for businesses?…

    • 580 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    3m Case Study

    • 503 Words
    • 3 Pages

    It meets its patentable or trademarked technology because it is a very new and innovative product that steers away from the other companies and makes griping the club the clear focus over all other. It offers a superior value because it is not the most expensive glove for $20 but you do get your moneys worth for the…

    • 503 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Week 2 Case Study

    • 779 Words
    • 4 Pages

    The new Beetle is an entirely different product from the earlier version. Although it looks like its predecessor it has been upgraded to compete in today’s market. They have kept up with trends and took a recognized brand and brought it into a crowded field and has gained market share. With a segment of the market willing to be innovators and early adapters, those willing to take a chance and get out front of a trend. I have a friend with a Beetle and they were able to choose a color that was completely different than anything on the road. We nicknamed it Skittle since it was close to one of the candy colors in a Skittle bag.…

    • 779 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    E. M Case Study

    • 136 Words
    • 1 Page

    E.M discussed roommate difficulties such as sharing and being considerate of the apartment space. E.M reported her roommate has been consistently inviting her boyfriend and his young son to stay over the weekends at their apartment. E.M stated this causes her great stress, making her not want to be at home. E.M and I discussed different ways in which she can handle and approach these situations, such as acknowledging her roommate and her needs but also coming to an "equal" compromise. Ended session with the muscle relaxation. E.M seemed responsive stating how relaxing and helpful this exercise is for her.…

    • 136 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Describe how your selected organisation or any other organisation uses market research to contribute to its development plans.…

    • 611 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    3a Case Study

    • 189 Words
    • 1 Page

    3a. It is important to diagnose subclinical warts infection as the warts are not visible, yet evidence of the virus shows even a minute change in cells. Moreover, carriers may pass it on to others without having the knowledge that they contain the infection. With untreated infection, it can develop into cervical cancer, penile cancer, anal cancer, and throat cancer. As a matter of fact, subclinical infection is detected more often in women, and it is easily prevented by Pap smear tests to detect cell changes on the cervix that may lead to cervical cancer. Hence, Australian women are recommended to have Pap tests every two years.…

    • 189 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Pillsbury Challenge v2

    • 2510 Words
    • 10 Pages

    The goal is to understand how marketers can make better decisions, based on different types of consumer research, show how the relevant customer insights can help to determine strategies and explore the ways to improve business performance. It’s that we are going to explain during this study.…

    • 2510 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Mark1012

    • 490 Words
    • 2 Pages

    The manipulation of lead edge users is yet, another course of action business can adopt in order to produce original ideas. Lead edge users are users of a product whose current needs will become common in the near future (Hippel 1986, p. 791). They are significant as they act as a forecast for marketing research providing valuable information about consumers’ impressions and partiality of a product. Von Hippel (1986) introduced the external four-step Lead User Method in 1986, to help companies develop breakthrough products. The steps consist of, Identifying an Important Trend: to identify lead users in different product categories of interest and to…

    • 490 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Today’s users are demonstrating a fantastic desire for new services and products. It has created possibilities for users, marketing providers and companies too eventually approve or disapprove latest ideas. For users to help and view their behaviors in making correct decisions, thorough research is required to support different roles and thoughts for product development.…

    • 2171 Words
    • 9 Pages
    Good Essays
  • Powerful Essays

    Literature Review

    • 4720 Words
    • 19 Pages

    Kaplan, R. S. and Norton, D. P. (2010). How to implement a new strategy. Harvard Business…

    • 4720 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    3m Case Study

    • 656 Words
    • 3 Pages

    The key to institutionalizing innovation at 3M has been the principle of “patient money.” The basic idea is that producing revolutionary new products requires substantial long-term investments, and often repeated failure, before a major payoff occurs. Another key component of 3M’s innovative culture has been an emphasis on duel career tracks. Right from its early days, many of the key players in 3M’s history, people like Richard Drew, chose to staying research, turning down opportunities to go into the management side of the business. Although 3M’s innovative culture emphasizes the role of technical employees in producing innovations, the company also has a strong tradition of emphasizing that new product ideas often come from watching customers at work.…

    • 656 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Research Methods

    • 821 Words
    • 4 Pages

    In this paper I will discuss the pros and cons of each research method with respect to both a new product launch and a revised product launch. I will also explain why there are different research needs for a new product versus a re-launch. Most research can be divided into two categories. “Primary research can be defined as research designed and conducted by the person or group originating the request” (Primary Research, 2012). “Secondary research can be defined as utilizing existing research data gathered by an external source (Secondary Research, 2012). There are a wide variety of information-gathering techniques. The various data collection methods are mail surveys, telephone surveys, face to face surveys, and focus groups. The product I that I will focus on will be a new vehicle to determine which research method works the best. One must first decide what the research question is and then decide what data or variables are needed to scientifically answer the question to provide the best results for the product.…

    • 821 Words
    • 4 Pages
    Good Essays