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?Explain

3M: The Innovation Engine

Description

Overview:

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?

Case Study can be found in this book:

Hill, C., Jones, G., & Schilling, M. (2020). Strategic management theory: An integrated approach (13th ed). Cengage Learning.

If you are unable to access to the reading material please let me know. Attached is the rubrics for further guidance.

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