Strategic Management: A Case Study of 3M

Running head: STRATEGIC MANAGEMENT
Questions answers on strategic management: A case study of 3M
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STRATEGIC MANAGEMENT
Table of contents
Introduction................................................................................................................................2
Defining the problem.................................................................................................................2
Application of outside concepts.................................................................................................2
Qualitative data..........................................................................................................................3
Quantitative data........................................................................................................................4
Results and analysis...................................................................................................................4
Alternatives................................................................................................................................5
Action plan.................................................................................................................................6
Conclusion..................................................................................................................................7
References..................................................................................................................................8

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STRATEGIC MANAGEMENT
Introduction
Management is needed in every aspect of life including business. Regulation of the
proposed assumptions helps in assessing the effectiveness, appropriateness and feasibility in
terms of the identified and the specified goals. Strategizing the managerial activities helps in
systematizing the processes according to the priorities (Hill, Jones and Schilling 2014). This
assignment attempts to delve deep into the aspect of strategic management through the case
study reference of organization, 3M.
Defining the problem
In spite of emerging successful in extending the business till the markets of China,
Brazil, sustainable development is a mere hope for 3M. This is because of high competition
from the contemporaries, harsh regulations and versatility of the market. All these issues have
compelled the personnel of the company to put on thinking hats regarding the achievement of
satisfaction from the shareholders (Des, Lumpkin and Eisner 2010).
Application of outside concepts
Value chain analysis is the most appropriate tool for analyzing the strategic
management of 3M. Mention can be made of the plans for mergers and acquisitions, which
enhanced the awareness of the personnel about adding value to the final products. Within
this, technology transfer and participation in the niche markets gains an important position.
Aligning with the opinions of Wheelen et al. (2017), establishing contracts with the engineers
and research and development team proved beneficial for the company. This is in terms of
adding innovation in the products and services for luring more and more customers.
Technology revolutionized the business dynamics of 3M through the aspect of offshore
management. Buckley, the newly appointed engineer needs to be praised for preserving the