3m Case Study - Questions
612 WordsJul 4th, 20123 Pages
3m Case Study
There are many examples of successful companies. To what extent is 3M justifiably highlighted as the ‘innovating machine’?
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. 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. Many companies pay lip service to the management principles and practice set out in this case study. There is evidence that 3M supports these fine words with actions. 3M hire good people and trust them; this will bring about…show more content…
It is an effective method of providing room for creativity and another way of showing that the organization encourages innovative effort. Allocating 15 percent of individual’s work week time is costly to the organization, especially when there strict deadline to meet, which means that company may need to employ more manpower in order to meet deadlines, personally, it is mere rhetoric
Encouraging product and brand managers to achieve 25 per cent of sales from recently introduced products would be welcomed by shareholders, but what happens if a successful business delivers profits without 25 per cent of sales from recently introduced products?
The success of the approach is due to the continual reinforcement of the objective. Indeed, the performance of individual business managers is partly judged on whether they are able to achieve the objective. What this means is that these business managers are not under pressure and to ensure that they develop new products but that these new products will eventually represent higher per cent of the business’s sales.
Some people may argue that 3M’s success is largely due to the significance given to science and technology and this is the main lesson for other firms. Discuss the merits of such a view and the extent to which this is the case.
This technological intensity
Case Study: TescoFeedback AnswerIntroductionThe objective of this paper is to provide a general feedback to the tutorialsinvolving the Tesco case study.The questions posed were designed to introduce students to the subject areathrough an understanding of the principle flows and the problems associated withmanaging complex supply chains such as Tesco’s and other retailer’s effectively.In addition, recognition of some of the current supply chain strategies that couldbe adopted, especially for the effective management of supply networks.. Students should consider the strategic contribution supply chain managementcould provide towards overall organisational effectiveness. In this case, thiscould be illustrated by evaluating Tesco’s ‘successes in achieving its corepurpose, i.e. “to create value for customers to earn their life time loyalty.”What are the key logistical processes at Tesco?Figure 1 below illustrates these processes or principle flows diagrammatically,but logistics according to Harrison & van Hoek (2002 and 2009), is regarded asthe task of providing: -Information flow of demand data from the consumer back to purchasing andto suppliers so that material flow can be accurately planned and controlled;Material flow of physical goods from suppliers through the distribution centresto the stores;The synchronous management of these flows, enabling value to be added,resulting in appropriate revenue flows and margin.Why?The logistics task of managing material flow, information and revenueflows is a key part of the overall task of supply chain management. Supply chainmanagement is again according to Harrison & van Hoek (2002) “is concernedwith managing the entire process of raw material supply, manufacture, packagingand distribution to the end customer”- i.e. synchronising these “principle supplychain flows” as Baily et al (1998 and 2010) puts it. The key question is to consider - “does the Tesco supply chain structure reflectall these processes and contribute to achieving its core purpose?” The answer isprobably, yes!1