3M Corporation Company Background: The Minnesota Mining & Manufacturing Corporation (3M) was founded in 1902. It reported sales revenues of $16.7 billion during the year 2000. These revenues came from 3M ’s six business divisions: industrial; transportation‚ graphics‚ and safety; healthcare; consumer and office; electro and communications; and specialty materials. All business divisions were profitable in 2000. The same year‚ the company made more than 60‚000 products and about $5.6 billion sales
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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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50‚000 Products but 3M Still Searching for Growth According to Mr. Thulin‚ 3M’s CEO‚ “.‚ is trying to maintain 3M’s reliable profitablitly while giving sales growth a bit more zip.” 3M has a vast product line already so in order for Thulin to increase profit even more he is going to have to be innovative and come up with several strategic plans. On the business side‚ he is going to have to see what products are not reaching the target sales growth and maybe sell them off to another company and
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specialization in tapes and adhesives are 50%-60% division turnover and abrasives are 40%-50% ■ Access to experience and knowledge pool of the worldwide organization and profiting from close connection in the marketing strategies of over 50 divisions in 3M ■ Natural fit with the culture of the Special and Niche categories ■ Groomed employees grow and develop to become product experts Weakness ■ IBD had not concentrated on the MRO segment because it was fragmented with slight brand loyalty ■ Sales
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Andy Warhol Andy Warhol was an American artist who was a leading figure in the visual art movement known as pop art. His works explore the relationship between artistic expression‚ celebrity culture and advertisement that flourished by the 1960s. Andy Warhol was born on 6th August 1928 in Pittsburgh‚ Pennsylvania. He is known for his pop art and his work focuses of the crossover between celebrity‚ advertising and artistic expression. He worked with many forms of media‚ including: painting‚
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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;
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Maria Virgen5 Art Fundamentals Andy Warhol Born Andrew Warhola on August 6‚ 1928 in the city of Pittsburgh‚ Pennsylvania‚ Andy Warhol’s parents were Slovakian immigrants. His father‚ Ondrej Warhola‚ was a construction worker and his mother‚ Julia Warhola‚ was an embroiderer. They were devout Catholics who attended mass regularly‚ and maintained much of their Slovakian culture and heritage.At the age of 8‚ Warhol was diagnoised with Chorea a rare and sometimes fatal disease of the nervous system
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Individual Assignment 2: Handy Andy‚ Inc. By Jon Ezell 1. Yes; this problem has a negative impact on the customer. Customers who purchased a compactor from Handy Andy were shown to receive improper customer service by the factory distributors. This poor customer service manifested itself in the form of longer delivery times‚ as well as leaving the compactor in the middle of a customer’s kitchen without giving the proper operating instructions to the customer. Ortega also discovered that the factory
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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
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of the Wong and Zoellner Essays Different essays can have different purposes and audience‚ but that doesn’t mean that they can’t have similarities. Two short essays written for the newspaper by two different writers tell of their personal experience to convey their message. The essays by Wong and Zoellner relate the writer’s personal experiences and have similar genre‚ but have different readers and social and cultural contexts. In The Struggle To Be An All-American Girl‚ Elizabeth Wong writes
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