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 xx al xxx ability xx test xxx their xxxxxxxx and xxxx on xxxxxxxx initiatives xxx granted xx the xxxxx The xxxx was xxxxxxxxxxx allowing xxxxx members xx dedicate xx their xxxx to xxxxxxxx endeavours xxxxxxxxxxx idea xxxxxxxxxx and xxxxxxxxxx innovation xxxxxxxx entrepreneurship xxx nurtured xxxxxxx empowering xxxxxxxxx M xxxxxxxx a xxxxxxxxxxxxx choice-making xxxxxx granting xxxxxxxx to xxxxxxxxx to xxxx choices xxx take xxxxxxxxx of xxxxx tasks xxxxxxxx entrepreneurship xxxxxx institutionalized xxxxxx M xxxxxxx planned xxxxxxxxxx actions xxxxxxxxx to xxx 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 xxxxxx the xxxxxxxx enterprise xxxxxxxx an xxxxxxxxxxx that xxxxxxxxxxx creativity xxxxxxxxxxxxx and xxxx technology xxxxxxxx Engagement xxx tradition xx M xxxxxxxx energetic xxxxxxxx participation xxx engagement xxxxxxxxx have xxxx empowered xx contribute xxxxx and xxxx possession xx their xxxxxxxx Decentralized xxxxxxxxxxxxxxx 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 With xxxxxxx industries xxx product xxxxxxx M xxxxxxxxxx challenges xxxxxxxxxx a xxxx strategic xxxxxxxxxxxxx According xx Kwilinski 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 The xxxxxxxxxxxxx decision-making xxxxxxxxx although xxxxxxxxxx carried xxx hazard xx fragmentation xxxxxx the xxxxxxx With xxxxxxxx enterprise xxxxx and xxxxxxx initiatives xxxxx was xx opportunity xxx duplicated xxxxxxx lack xx coordination xxx inefficiencies xxxx fragmentation xxxxxx restrict xxxxxxxxx resource xxxxxxxxxx and xxxxxxxxxxxx among xxxxxxxxx devices xx address xxxxx issues x must xxxxxxx define xxx strategic xxxxxxxxx and xxxxxx efficient xxxxxxxxxxxxx and xxxxxxxxxxxxx throughout xxx company xx sustain xxx performance xxxx the xxxx term x may xxxxxx capitalize xx its xxxxxxxxx in xxxxxxxxxx employee xxxxxxxxxxx and xxxxxxxxxxxxx decision-making xx linking xxx numerous xxxxxxxxxx with x clear xxxxxxxxx goal xxxxxxxx M xxx used xxxx related xxx unconnected xxxxxxxxxxxxxxx techniques xxxxxxxxxx its xxxxxxx Here xxx some xxxxxxxxx of xxxx Related xxxxxxxxxxxxxxx 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 An xxxxxxxx of xxxxxxxxx diversification xxx M xx its xxxxxx into xxx healthcare xxxxxxx thru xxx purchase xx Aearo xxxxxxxxxxxx in xxxxx Technologies xxxxxxxxxxx in xxxxxxxxx to xxx respiration xxxxxxxxxx This xxxxxxxxxxxxxxx allowed x to xxxxxxxx its xxxx abilities xx materials xxx generation xx enter xxx healthcare xxxxxx providing xxxxxx answers xxx patient xxxx and xxxxxxxxx prevention xxxxx unrelated xx its xxxxxxxxxxxx business xxx consumer xxxxxxxxxxxxx this xxxxxxxxxxxxxxx opened xxx boom xxxxxxx for x According xx McIvor xx capitalize xx its xxxx competencies xxxxxx into xxx areas xxx spur xxxxxx M xxx successfully xxxxxxxxxxx both xxxxxx and xxxxxxxxx diversification xxxxxxxxxxx However xx effectively xxxxxxxx resources xxx successfully xxxxxxxxx acquired xxxxx it xx imperative xxx M xx thoroughly xxxxxxxx the xxxxxxxxx cooperation xxx integration xxxxxx associated xxxx each xxxxxxxxxxxxxxx step xxxxxxxx The xxxxx of x into xxx automotive xxxxxx is xxx example xx the xxxxxxxxx successful xxxxxxxxxxxxxxx M xxxxxxx cutting-edge xxxxxxxxxx solutions xxxxx its xxxxxxxxx of xxxxxxxxx abrasives xxx other xxxxxxxxx Salampasis 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 xx al xxx company xxxxxx help xxxxxxxxxx the xxxxxxx and xxxxxxx regulated xxxxxxxxxxxxxx industry xxxxxxxxxxxxx diversification xxx not xxxxxxxx fit xxx core xxxxxxxxxxxx and xxx business xxxxxx help xxxx regulatory xxxxxxxxxx research xxx development xxxxxxxxxx and xxxxxxxxx capabilities xx the xxx M xxxx its xxxxxxxxxxxxxx company xx a xxxxxx This xxxxxxxxxxxxxxx effort xxxxxxxxxx the xxxxxxxxxxxx of xxxxxxxxx matching xxxxxxxxxxxxxxx initiatives xxxx core xxxxxxxxxxxx and xxxxxxxx dynamics xxxxxxxxxxxx conclusion x positive xxxx environment xxxxxxxx empowerment xxx reward xxx success xxxx fostered xxx culture xx innovation xxx entrepreneurship xx M xxxxxxx the xxxxxxxxxx of xxxxxxxxxxxxx and x lack xx strategic xxxxx are xxxxxxxx drawbacks xxxx synergistic xxxxxxxxxxxx M xxx successfully xxxx related xxx unrelated xxxxxxxxxxxxxxx However xxxx diversification xxxxxxx have xxxxxxxxxxx difficulties xxxx resource xxxxxxx and xxxxxxxxxxx problems x can xxxxxxxx to xxxxxx innovation xxx uphold xxx success xx various xxxxxxxxxx by xxxxxxxx a xxxxxxx and xxxxxxxxxxxxx on xxxxxxx skills xxxxxxxxxxxxxxxxxxxx M x Masharipov x N xxxxxxxxxxxx M x DIVERSIFICATION xx PRODUCTION xx A xxxxxxxxx FOR xxx DEVELOPMENT xx INDUSTRIAL xxxxxxxxxxx - x DIVERSIFICATION xx PRODUCTION xx A xxxxxxxxx FOR xxx DEVELOPMENT xx INDUSTRIAL xxxxxxxxxxx - xxxxxxxxxxxx ru xxx A x Bergman x 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 Urbano x A xxxxxxxx agenda xxx entrepreneurship xxx innovation xxx role xx entrepreneurial xxxxxxxxxxxx A xxxxxxxx agenda xxx entrepreneurship xxx innovation x 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 xxxxxxxxx O xxxxxxxxx of xxx entrepreneurship xxxxx of xxxxxxxxxx in xxx context xx introducing xxxxxxxxxxx and xxxxxxxxxxxxx technologies xxxxxxx of xxxxxxxxxxxxxxxx Education x 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 xxxxxxxxx Outsourcing xxxxxxx from x Systems xxxxxxxxxx - xxxxxx - x Business xxxxxxxx Review x Wiley xxxxxx LibrarySalampasis x Mention x L xxxx a-value xx value-multiplication xxxxxxxxxx outbound xxxx innovation xxxxxxxxx for xxxxxxxxx diversification xx the xxxxxx industry xxxxxxxxxx Analysis xxxxxxxxx Management x From xxxxxxx to xxxxxxxxxxxxxxxxxxxx leveraging xxxxxxxx open xxxxxxxxxx practices xxx unrelated xxxxxxxxxxxxxxx in xxx sensor xxxxxxxx Technology xxxxxxxx Strategic xxxxxxxxxx Vol xx tandfonline xxx Sergi x S xxxxxxx E x Bogoviz x V xxxxxxxx J x Entrepreneurship xxx economic xxxxxx the xxxxxxxxxx of xxxxxxxxx and xxxxxxxxxx countries xx Entrepreneurship xxx Development xx the xx Century xx - xxxxxxx publishing xxxxxxx Entrepreneurship xxx Economic xxxxxx The xxxxxxxxxx of xxxxxxxxx and xxxxxxxxxx Countries xxxxxxx InsightMore Articles From Business Law
.ico)
.ico)
.ico)
.ico)
