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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------------------------------------------------- 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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Six Sigma at 3M 1. What are the potential benefits and risks of implementing Six Sigma at 3M? Benefits: Six sigma not only provides a platform to improve existing processes but also enables 3M to design new processes in an efficient manner so that it results in lowered costs‚ increased sales‚ improved customer satisfaction‚ improved managerial development‚ increased cash flow and increased pace of development of 3M. 3M Acceleration was implemented by 3M to improve efficiency and pace of product development
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Carnegie’s Contribution to Industrial Business It seems that‚ rapidly‚ business changed in the Nineteenth Century. Business transformed from a small-scale setting to a larger‚ more efficient standard. Workers went from being masters at their profession to unskilled workers making more products with the help of machinery. Not only had the physical aspect of business changed‚ but the organizational skills of being a manager were modified as well. There are many examples of businessmen that contributed
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Executive Summary 3M Singapore controls many market leading brands in their various markets‚ such as Post-It®‚ Scotch® Tapes‚ Scotch-Brite® and Command™. In this report‚ we will be focusing on the brand – Command™. We aim to address the problem of the erosion of Command™’s competitive advantage in its increasingly competitive industry by providing improved/new BTL strategies which Command can undertake. Based on our survey‚ there are 2 interesting findings which we aim to tackle through our recommendations
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3M “Profile of an Innovating Company” The 3M case traces the history of this Minnesota-based company from its inception in 1902 through 1992. By looking at the tenure of three CEOs‚ the case examines how 3M worked to maintain a culture of innovation while continuing to grow into an international multibillion dollar organization. While the organization’s values are critical to the success of 3M‚ internal and external forces also forced 3M to adjust their business model.
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Labour Relations in Canada The largest national federation in Canada‚ whose member unions account for almost three-quarters of all union workers‚ is the Canadian Labour Congress (CLC). As of 2003‚ it consisted of 113 member unions‚ which in combination comprised over 10‚000 locals (Godard 220). The CLC attempts to influence the formulation and administration of government laws and policies. Union density in Canada (that is to say‚ the percent of non-agricultural paid workers who are members of
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Complementation Strategy of Japenese OEMs in ASEAN ASEAN production forecast expected to reach 5 million units by the year of 2020. It is expected most of major automotive countries such as Thailand‚ Indonesia‚ Malaysia and Philippines need to create extra production capacity by 1.3 million units by 2016 / 2017 to match up with forecast target in 2020. Japanese OEMs are dominating heavily in ASEAN market particularly in Thailand and Indonesia whereby manufacturers such as TOYOTA‚ HONDA‚ DAIHATSU
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- OEM Colorado Wheels The wheels on your Colorado help set your truck apart from all the rest of the trucks on the highways. Wheels are designed to do more than go around; they are made to set off the appearance package on your truck. That is why you see so many wheel choices available for your truck. While wheels usually do not need to be replaced unless you want to change the appearance of the truck‚ should your wheels become damaged from hitting a pothole or driving on washboard roads‚ then replace
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Hospitals $3.9M sales/month 350 hospitals by VARs Electronic Orders 1‚650 orders/months $2.15 /order Manual Orders 3‚900 orders/months $8.5 /order Direct Electronic Orders 419 orders/months $2.15 /order Manual Orders 654 orders/months $8.5 /order 3M CANADA CS Distribution Center 2.25 FTEs‚ Fixed cost: $37‚500 /month Operated by 3PL Inventory level: $4.5M Storage costs: $6‚750 /month Out-of hospitals $1.7M sales/month 5000 organizations Material Mgmt 2 Material management staffs Picking
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