3M Profile of an Innovating Company Case Solution

Case ID: 395016
Solution ID: 7093

Words: 1286

Price: $45

Case Solution

Follows the inauguration and progress of 3M Corp., emphasizing especially on the beginning of its groundbreaking capacity to revolutionize and transform. In specific, it identifies the part played by CEO William L. McKnight in developing a novel series of values, rules, and framework to encourage and cultivate sustained rejuvenation. With the altering circumstances of the 1980s, however, a new line of CEOs starts to chalk out and put in place new rules and alter the cultural values and norms that facilitated 3 M's progress and growth. The primary challenge revolves around understanding what other changes are needed.

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Questions Covered

1. What are the key elements of 3M’s vaunted innovation culture?
2. What are the core values underlying the 3M culture?
3. How did this culture come about? How is it maintained?
4. What is your assessment of McNerney’s actions described in the Fortune article, directed toward providing discipline to 3M’s innovation efforts?
5. What is the challenge facing Buckley, as described in the Business Week article? What should he do about the tension between efficiency and creativity?

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