Answer: Major aspects that makes 3M to be categorized as an innovative firm and how business functions have contributed to these factors Innovation is the art of turning good ideas into realistic and reasonable solution that the society needs. Organizations that are innovative can identify and retort to the opportunities available in the market. The major aspects that enable 3M to be ranked as an inventive firm including business functions th...Read More >>
Answer: 1. The idea of creative thinking, being advanced or making people’s idea into reality defines the word innovation (Painter et al., 2018). When people’s innovative ideas and thinking comes to the world of business, it leads to the immense growth of the organization or institute, for the continuous growth and profit of the company it is necessary that firm fulfill the customer right, desire, and their basic needs. Factors th...Read More >>
Answers: 1.Innovation and main factors in 3M Introduction Innovation is considered to be a crucial part of the organization and for this reason, it is often said to be the reason for the competitive advantage of one firm over the other. As observed from the case study, 3M can be stated to be a highly innovative firm which changed the manner in which innovation was considered by the different organizations at large (Businesscasestudies.c...Read More >>
Answer: Introduction The term “innovation” can be defined as an idea, product or method that is new and will be implemented or used for the first time. However, innovation can also be defined as the application of better solutions that posses the capacity to meet new requirements, existing market needs or unarticulated needs of an organization. Innovation mainly takes place through provision of better and more effective processes,...Read More >>
Answers Operations objectives at the Penang Mutiara Q1. The most prestigious hotel that is located in South-East Asia is the Penang Mutiara. Its faultless customer service gives a modest benefit to the hotel. Focusing on the excellence of services and conveniences are two major things that the hotel management always keeps on top to keep a competitive advantage. For getting more victory and growth Penang Mutiara has to increase its business i...Read More >>
Answer: Modern day organizations rely heavily on innovation in order to differentiate their product and services in the market in which it operates. In order to foster innovation, organizations focuses on implementing creativity not just as a team but as a culture in the organization, where every employee of the organization from top to bottom are encouraged to think creatively without thinking about the outcome associated with it or thinking ...Read More >>
Answer: The aim of the report is to provide an insight into 3M, a Mining and Manufacturing Company, located in Minnesota. Five young entrepreneurs found the company that remained in the business for 100 yrs. Every stage of 100-year history of 3M has been a combination of enterprise and ingenuity (3m.com 2018). The report focused on the primary factors contributing to innovation, the importance of the commercialization for an innovative company l...Read More >>
Answer: It has been widely acknowledged that innovation and technological advancement are some of the important factors that help an organization to gain competitive advantage over other organizations (Camisón and Villar-López 2014). The discussion hence will focus on the organizational strategies and practices that 3M is employing to ensure constant growth. The primary factors that are helping in the process of making 3M as an ...Read More >>
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