3M Company - 2010 Sustainability Report 3M Corporate Headquarters 3M Center St. Paul‚ MN 55144-1000 1-888-3M-HELPS Table of Contents: • • Global Reporting Initiative (GRI) Content Index Vision & Strategy • Company Information • 3M’s Sustainability Vision • Sustainability Strategies • Key Objectives around Sustainable Development • 3M’s Governance Structure • Business Conduct • 3M Public Policy • Environmental‚ Health‚ & Safety Management • Supply Chain Sustainability • Economic Management: Building
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business Model Innovation. It also narrates the brief history of Lego Company. The Lego Game was divided into two parts. In the first part the different participants of the supply chain was without permission to communicate with the up- or downstream sites in the supply chain. It also demonstrates the significance of each element in the legal business model. It describes the four elements of business model which helps LEGO system. It also explains the viewpoints of LEGO city business model. It also
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Case Analysis- 3M Corporation Case Analysis- 3M: Profile of an Innovating Company Introduction Relevant Facts The next invention was the wetordry waterproof sandpaper‚ which came about when an ink manufacturing named Francis Okie asked for samples of every mineral supply in the house. Mr. Okie was persuaded to join 3M as the company first product developer. The wetordry found immediate acceptance in automobile plants and repair shops. The next critical event occurred in 1925 when
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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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suppliers‚ customer needs‚ and technological innovation. Viewing a business as a collection of customer-driven processes is the essence of businessprocess reengineering (BPR)‚ a generic term covering a variety of perspectives‚ none of which is particularly rigorous‚ on how to change organizations. It is easy to dismiss BPR as hype‚ a management consultant’s marketing slogan‚ but the phenomenon is real and extremely important. In 1993‚ 60 percent of the management letters appearing with Fortune 500 company
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Cocacola 4p Product The company has the widest portfolio in beverage industry comprising of 3300 products. Beverages are divided into diet category‚ 100% fruit juices‚ fruit drinks‚ water‚ energy drinks‚ tea and coffee etc. As per Nielson’s data‚ Coca cola is the No.1 brand in sparkling beverages‚ juice‚ and retail packaged water in 2010. Coca cola has its market presence around 200 countries. Coca cola brands in India are Fanta‚ Maaza‚ Limca‚ sprite‚ Thums up‚ Minute Maid‚ Nimbu fresh‚ Nested
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Strength : 1) Since 3M Co. holds its consistency in the industry for 80 years of operation‚ rendering good qualities of their products and services satisfying the needs of their customers and clients. 2) Taking risk in expanding of subsidiaries in the global market. Recruiting thousands of employees to be part of the company. Weaknesses: 1) No formal organizational chart was formulated in company. 2) Not advisable to put a word “ AUTONOMOUS” which is subject to its own laws or regulation only
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------------------------------------------------- Case Study: 3M Q: Can other Companies just copy 3M’s structures and culture and become successful innovators also? 3M’s organizational structure is built around cultures that encourage innovation. From this angle‚ the company was able to develop 6 business strategies to promote entrepreneurship and increase customer satisfaction. For decades‚ 3M has been known as an entrepreneurial organization that pursues growth through innovation. Innovation was encouraged originally in an
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Chapter 1 and 2 1. Innovation and new technologies have led to longer product life cycles and lowered product obsolescence. FALSE 2. According to the concept of innovation funnel‚ the number of successful products launched will be greater than the number of raw ideas generated. FALSE 3. A firm’s organizational structure and control systems have no influence on the generation of innovative ideas. FALSE 4. Innovation often originates with those who create solutions for their own needs. TRUE
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Innovation in Human Resource Management in BYD Human resource management in BYD is aligned with its strategy on its manufacturing process and product improvement respectively. This leads to the innovative human resource strategy for two distinguished organizations‚ which are labor-intensive process in the BYD’s operating system and scientific research and development center. Following are the two significant differences in the HR strategy‚ with the aspects including trainings‚ salary‚ welfare‚ benefits
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