Question: Question 3. As we discussed in class, 3M is a multinational powerhouse with more than $34,2 billion in annual sales across a product line 60,000

 Question 3. As we discussed in class, 3M is a multinational

Question 3. As we discussed in class, 3M is a multinational powerhouse with more than $34,2 billion in annual sales across a product line 60,000 deep from adhesives to optical film. It boasts many patents and over 90,000 employees in businesses throughout 70 countries. However, while 3M 's business strategy has been viewed as both innovate and creative, they have also been criticized as somewhat ineffective in developing revolutionary new products. Please answer the following questions: a. What threats are there to 3M s strategy based on an analysis using Porter's 5 Forces model? Which ones are most salient and why? b. Describe how 3M is an innovator. Please include a discussion on conditions that both strengthen and weaken their competitive position as an incremental innovator. c. Finally, 3M employs a "15\%" human resource policy when it comes to innovation. Using the ESG model discussed in class, explain whether this is an effective (or not) use of valuable resources especially from a strategic lens. For example, is this policy effective or prone to manipulation? Personal examples are always good here also

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!