Question.2114 - This case traces the development of 3M’s innovative and global culture from its early days through 2018. The main focus of the case is on the evolution of culture at 3M, and how this culture drove their global strategy through a continual stream of product innovations that have taken the company into a large number of different industries. The case also looks at how management deliberately institutionalized the emerging culture at 3M by creating rules and procedures that provided opportunities for, and rewarded, innovative risk taking. Instructions: You will need to review the case study in your textbook (Case 19), the weekly readings, and outside research, then answer the following questions utilizing topics covered in chapters 9 and 10. • How was the culture of entrepreneurship and innovation nurtured at 3M from the era of McKnight through to that of DeSimone? How has entrepreneurship been institutionalized within the company? • What were the strengths of the organization and culture of 3M during the McKnight to DeSimone era? What were the potential weaknesses? • Over their existence, 3M has utilized both related and unrelated diversification. Please provide an example of each in relation to 3M. How did each type of diversification work out for the company? • Utilizing different examples than in question 3, what has 3M done right with their diversification? What have they done incorrectly? Why? Requirements: • Submit a two-three page Word document covering the elements of the assignment. • Develop a clear introduction, body, and conclusion. Use paragraph format and transitions. • Focus on the quality of writing and content.BUS411 – Business Policy Seminar 3M: The Innovation Engine – Case 19• Use elements of APA formatting (title, references, and in-text citations). Abstract is not required. The title page, reference page, and appendices are excluded in page length requirement. • Research and cite at least two academic sources in APA format. Be sure to read the criteria below by which your work will be evaluated before you write and again after you write.
Answer Below:
IntroductionThe xxxx study xx M xxxxxxxxxxxx the xxxxxxxxx entrepreneurial xxx innovative xxxxxxx tracing xxx evolution xxxx the xxxxxxxx through xxx DeSimone xxxx This xxxxxxxxxxx will xxxx at xxx M xxxxxxxx and xxxxxxxxxxxxxxxxx entrepreneurship xx will xxxx assess xxx culture xxx organization's xxxxxxxxx and xxxxxxxxxx during xxxx time xxx study xxxx also xxxx at xxx related xxx unrelated xxxxxxxxxxxxxxx are xxxx by x giving xxxxxxxxx of xxxx and xxxxxxxxxx the xxxxxxx Finally xx will xxxx about xxx M's xxxxxxxxxxxxxxx approach xxx worked xxx not xxxxxx Main xxxxxxxxxxxx From xxx McKnight xx the xxxxxxxx eras xxx entrepreneurial xxx innovative xxxxxxx was xxxxxxxx through xxxxxxx programmes xxx procedures xxxxx under xxxxxxxxxx direction xxx business xxxxxxxxxxx a xxxxxxxxx environment xxxx promoted xxxxxxxxxxx and xxxxxxxxxxxxxxx According xx Abdullaeva xxxx et xx the xxxxxxx to xxxx out xxxxx concepts xxx work xx creative xxxxxxxxxxx was xxxxxxx to xxx staff xxx Rule xxx implemented xxxxxxxx staff xxxxxxx to xxxxxxxx of xxxxx time xx personal xxxxxxxxxx encouraging xxxx generation xxx individual xxxxxxxxxx Secondly xxxxxxxxxxxxxxxx was xxxxxxxx through xxxxxxxxxx personnel x followed x decentralized xxxxxxxxxxxxx system xxxxxxxx autonomy xx employees xx make xxxxxxx and xxxx ownership xx their xxxxx Moreover xxxxxxxxxxxxxxxx turned xxxxxxxxxxxxxxxxx within x through xxxxxxx management xxxxxxx According xx Alm xxxx et xx the xxxxxxxxxxx created xxxxxxxxxxx and xxxxxxx that xxxxxxxxx and xxxxxxxx revolutionary xxxxxxxxxxxxx Successful xxxxxxxxxxx have xxxx celebrated xxx recognized xxx employees xxxx awarded xxx their xxxxxxxxxxxxx Ultimately x promoted xx entrepreneurial xxx innovative xxxxxxx by xxxxxx employees xxxxxxxx creating x welcoming xxxxxxxxx and xxxxxxxxxxxxxxxxxx entrepreneurial xxxxxxxxx Question xxxxxx the xxxxxxxx to xxxxxxxx era x had xxxxxxx organizational xxx cultural xxxxxxxxx that xxxxxxxxx its xxxxxxx including xxxxxx Innovation xxxxxxx M xxx a xxxxxxxxxxxx commitment xx innovation xxxxxx ingrained xx its xxxxxxxxx According xx Guerrero xxx Urbano xxx business xxxxxxxxxx fostered xx environment xxxx recommended xxxxxxxxxx danger-taking xxx idea xxxxxxxxxx Employee xxxxxxxxxx The xxxxxxxxx at x promoted xxxxxxxxx employee xxxxxxxxxxxxx and xxxxxxxxxx Employees xxxx been xxxxxxxxx to xxxxxxxxxx ideas xxx take xxxxxxxxxx of xxxxx projects xxxxxxxxxxxxx Decision-Making xxxx M xxxxxxxx a xxxxxxxxxxxxx selection-making xxxxxx granting xxxxxxxxx the xxxxxxxx to xxxx selections xxx take xxxxxxxxx This xxxxxxxxx personnel xx respond xxxxxxx to xxxxxxxxxxx possibilities xxx make xxxxxxxxxx primarily xxxxx on xxxxx information xxxxxxx these xxxxxxxxxx characteristics xxx organization xxx culture xxx potential xxxxx Lack xx Strategic xxxxx nbsp xxxx various xxxxxxxxxx and xxxxxxx strains x confronted xxxxxxxxxx preserving x pure xxxxxxxxx consciousness xxxxxxxxx to xxxxxxxxx nbsp xx al xxx enterprise's xxxxxxxxxxxxxxx efforts xxxxxxxx in xxxxxxxx portfolios xxxxx sometimes xxxx it xxxxxxxxxxx to xxxxxxxx resources xxxxxxxxxxx and xxxxxxxxxx investments xxxx of xxxxxxxxxxxxx nbsp xxx decentralized xxxxxxxxxxxxxxx technique xxxxxxxx empowering xxxxxxx the xxxxxx of xxxxxxxxxxxxx inside xxx company xxxx multiple xxxxxxxxxx units xxx various xxxxxxxxxxx there xxx an xxxxxxxxxxx for xxxxxxxxxx efforts xxxx of xxxxxxxxxxxx and xxxxxxxxxxxxxx This xxxxxxxxxxxxx should xxxxxxxx effective xxxxxxxx allocation xxx coordination xxxxx different xxxxxxx To xxxxxxx these xxxxxx M xxxx clearly xxxxxx its xxxxxxxxx direction xxx ensure xxxxxxxxx collaboration xxx communication xxxxxxxxxx the xxxxxxx To xxxxxxx its xxxxxxxxxxx over xxx long xxxx M xxx better xxxxxxxxxx on xxx strengths xx innovation xxxxxxxx involvement xxx decentralized xxxxxxxxxxxxxxx by xxxxxxx its xxxxxxxx activities xxxx a xxxxx strategic xxxx Question x has xxxx both xxxxxxx and xxxxxxxxxxx diversification xxxxxxxxxx throughout xxx history xxxx are xxxx instances xx each xxxxxxx Diversification xxxx One xxxxxxxx of xxxxxxx diversification xxx M xx its xxxxxxxxxxx of xxxxxxx Safety xx Capital xxxxxx become xx international xxxxxx in xxxx protection xxxxxxx and xxxxxxxx This xxxxxxxxxxx aligned xxxx M's xxxxxxxx safety xxx business xxxxxxxx permitting xxx enterprise xx make xxx product xxxxxxxxx bigger xxxxxx the xxxxxxx protecting xxxxxx PPE xxxxxx Unrelated xxxxxxxxxxxxxxx nbsp xx instance xx unrelated xxxxxxxxxxxxxxx for x is xxx access xxxx the xxxxxxxxxx quarter xxxx the xxxxxxxx of xxxxx Technologies xx Aearo xxxxxxxxxxxx specializes xx listening xx and xxxxxxxxxxx protection xxxx diversification xxxxxxx M xx leverage xxx core xxxxxxxxx in xxxxxxxxx and xxxxxxxxxx to xxxxx the xxxxxxxxxx market xxxxxxxxx modern xxxxxxx for xxxxxxx care xxx infection xxxxxxxxxx While xxxxxxxxx to xxx conventional xxxxxxxx and xxxxxxxx organizations xxxx diversification xxxxxx new xxxx avenues xxx M xxxxxxxxx to xxxxxx to xxxxxxxxxx on xxx core xxxxxxxxxxxx expand xxxx new xxxxx and xxxx growth x has xxxxxxxxxxxx implemented xxxx linked xxx unrelated xxxxxxxxxxxxxxx initiatives xxxxxxx to xxxxxxxxxxx allocate xxxxxxxxx and xxxxxxxxxxxx integrate xxxxxxxx firms xx is xxxxxxxxxx for x to xxxxxxxxxx evaluate xxx potential xxxxxxxxxxx and xxxxxxxxxxx issues xxxxxxxxxx with xxxx diversification xxxx Question xxx entry xx M xxxx the xxxxxxxxxx sector xx one xxxxxxx of xxx company's xxxxxxxxxx diversification x created xxxxxxxxxxxx automotive xxxxxxxxx using xxx knowledge xx adhesives xxxxxxxxx and xxxxx materials xxxxxxxxxx amp xxxxxxx state xxxx automotive xxxxxxxxxxxxx and xxxxxx shops xxxx adopted xxxxxxx products xxxxxxxxx automotive xxxxx adhesives xxx paints xxx diversification xxxxxxxx was xxxxxxxxxx because xx could xxxx advantage xx a xxxxxxxxxxx market xxx leverage xxx core xxxxxx to xxxxxxx beneficial xxxxxxxxx to xxx sector xxxxxxxxxx M's xxxxx into xxx pharmaceutical xxxxxx could xxxx been x more xxxxxxxxxx attempt xx diversification xxxxx in xxx new xxxxxxxxxx M xxxxxx enterprises xxxxxxxx in xxxxxxxxxx technology xxx drug xxxxxxxx According xx Sergi xxxx et xx the xxxxxxx needed xxxx navigating xxx complex xxx tightly xxxxxxxxx pharmaceutical xxxxxxxx Pharmaceutics xxxxxxxxxxxxxxx did xxx directly xxx M's xxxx competencies xxx the xxxxxxxx needed xxxx with xxxxxxxxxx compliance xxxxxxxx and xxxxxxxxxxx experience xxx marketing xxxxxxxxxxxx In xxx end x sold xxx pharmaceutical xxxxxxx as x result xxxx diversification xxxxxx emphasized xxx significance xx carefully xxxxxxxx diversification xxxxxxxxxxx with xxxx competencies xxx industry xxxxxxxx ConclusionIn xxxxxxxxxx a xxxxxxxx work xxxxxxxxxxx employee xxxxxxxxxxx and xxxxxx for xxxxxxx have xxxxxxxx the xxxxxxx of xxxxxxxxxx and xxxxxxxxxxxxxxxx at x However xxx likelihood xx fragmentation xxx a xxxx of xxxxxxxxx focus xxx possible xxxxxxxxx With xxxxxxxxxxx acquisitions x has xxxxxxxxxxxx used xxxxxxx and xxxxxxxxx diversification xxxxxxx some xxxxxxxxxxxxxxx efforts xxxx encountered xxxxxxxxxxxx like xxxxxxxx overuse xxx integration xxxxxxxx M xxx continue xx foster xxxxxxxxxx and xxxxxx its xxxxxxx in xxxxxxx industries xx striking x balance xxx concentrating xx crucial xxxxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxxxxxxxxxxxxxxx M x Masharipov x N xxx Allamuratova x S xxxxxxxxxxxxxxx OF xxxxxxxxxx AS x CONDITION xxx THE xxxxxxxxxxx OF xxxxxxxxxx ENTERPRISES x - xxxxxxxxxxxxxxx OF xxxxxxxxxx AS x CONDITION xxx THE xxxxxxxxxxx OF xxxxxxxxxx ENTERPRISES xxxxx - xxxxxxxxxxxx ru xxx A x Bergman x amp xxxxx ge x Balancing xxxxxxxx Acquisitions xxx Strategic xxxxxxxxxxx A xxxxx of xxx non-efficiency xxxxxxxxxxx can xxxxxxxxx vertical xxxxxxxxxxx strategies xxx impact xxxxxxxxxxxxxx boundaries xxxxxxxxx Vertical xxxxxxxxxxxx and xxxxxxxxx Outsourcing x study xx how xxxxxxxxxxxxxx conceptions xxx influence xxxxxxxx integration xxxxxxxxxx and xxxxxx organizational xxxxxxxxxx diva-portal xxx Guerrero x amp xxxxxx D x research xxxxxx for xxxxxxxxxxxxxxxx and xxxxxxxxxx the xxxx of xxxxxxxxxxxxxxx universities x research xxxxxx for xxxxxxxxxxxxxxxx and xxxxxxxxxx - xxxx Chapter x research xxxxxx for xxxxxxxxxxxxxxxx and xxxxxxxxxx the xxxx of xxxxxxxxxxxxxxx universities xx A xxxxxxxx Agenda xxx Entrepreneurship xxx Innovation xxxxxxxxxxx com xxxxxxxxx A xxxxxxxx N xxxxxxxxxx S xxxxxxx I xxx Kovalenko x Formation xx the xxxxxxxxxxxxxxxx model xx e-business xx the xxxxxxx of xxxxxxxxxxx information xxx communication xxxxxxxxxxxx Journal xx Entrepreneurship xxxxxxxxx - xxxx FORMATION xx THE xxxxxxxxxxxxxxxx MODEL xx E-BUSINESS xx THE xxxxxxx OF xxx INTRODUCTION xx INFORMATION xxx COMMUNICATION xxxxxxxxxxxx - xxxxxxxxxxxxxx R xxxxxxxxx outsourcing xxxxxxx from x systems xxxxxxxxxx Business xxxxxxxx Review xxxxx Strategic xxxxxxxxxxx Lessons xxxx a xxxxxxx Integrator x McIvor x - xxxxxxxx Strategy xxxxxx - xxxxx Online xxxxxxxxxxxxxxxxx D xxx Mention x L xxxx a-value xx value-multiplication xxxxxxxxxx outbound xxxx innovation xxxxxxxxx for xxxxxxxxx diversification xx the xxxxxx industry xxxxxxxxxx Analysis xxx Strategic xxxxxxxxxx - xxxx a-value xx value-multiplication xxxxxxxxxx outbound xxxx innovation xxxxxxxxx for xxxxxxxxx diversification xx the xxxxxx industry xxxxxxxxxx Analysis xxx Strategic xxxxxxxxxx Vol xx tandfonline xxx Sergi x S xxxxxxx E x Bogoviz x V xxx Ragulina x V xxxxxxxxxxxxxxxx and xxxxxxxx growth xxx experience xx developed xxx developing xxxxxxxxx In xxxxxxxxxxxxxxxx and xxxxxxxxxxx in xxx st xxxxxxx nbsp xx - xxxxxxx publishing xxxxxxx Entrepreneurship xxx Economic xxxxxx The xxxxxxxxxx of xxxxxxxxx and xxxxxxxxxx Countries xxxxxxx Insight xxxxMore Articles From Business Law
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