3m Strategy: Business and Corporate Values

The workers of Tesco PLC are interested in the level of profit which is due to workers would want to receive a higher wage, incentives and more flexible work hours. So, the workers will feel motivated to do better among all the other workers. As this could lead to a promotion to move up in their career at Tesco PLC. The workers would want to be working in clean and safe environments and that their job at Tesco PLC is secure. Therefore, from this the level of profit is important as this can be reinvested for the higher wages or can be reinvested into the store to fix any issues. For example, more cleaners in case of a hygiene issue.

The management of the company had taken an innovative approach to earn their required return on investment. They had emphasized on customer service and the employee training programs to gain

The solution to the problem in this case is to develop a strategic plan that will modify the employee behavior, redefine the roles and responsibilities of management, and manage the organizational culture while reducing production costs and gaining a competitive advantage. The solution will require management to examine and modify the current leadership style. In addition, management should address the issue of valence within the motivation equation and establish well-defined goals that will enhance the employee’s perception of their role within the organization. Reformation to the overall morale and culture is critical in order to terminate the work stoppage, reduce costs, and get the shipments back on schedule.

Performance, pay and reward: employers should set clear and transparent targets in order to make it easier for employees to know what is expected of them. If these targets are followed employees can be rewarded and this should improve the relationship between employer and employee.

In addition to achieve for the aim to reinforce the message to employers, government could have imposes

Employees require motivation, reward and encouragement for maximum productivity. Punishment to workers not performing is also mandatory to prevent cases of poor performance. Ethical considerations must be looked at and employees must follow rules and company policies for plans made by management to be successful. Workers and management relate like a family and this has enabled the company perform to its expectation. These plans are aimed at ensuring total customer satisfaction and delight.

3M promoted intrapreneurship – This is a very good control. 3M was the leader in intrapreneurship and encouraged its employees to practice entrepreneurship within the established corporation. This is a very big financial and non financial motivation for employees as it allows them to proceed with their plans and contribute towards the growth of the company. It also gives them a chance to take risks without the fear of reprisals. This often fosters new business developments which benefit the employees as well as the company. This control ties up with the "15% option" in which employees have the option of spending up to 15% of their workweek pursuing individual projects of their choice. They don't have to disclose or justify the project to a manager. This control definitely supports the strategy of 3M by giving the employees the freedom and motivation to innovate regularly. 3M Corporation should continue with this

The administration of the firm should have believed in their employees and provide them with a challenging assignment, due to which the employees will reach with high inspiration, superior performance, and high duty.

The company 3M is a diverse company that was incorporated on June 25, 1929 with presence in more than 10 industries alone. “3M products are sold through a number of distribution channels, including directly to users and through wholesalers, retailers, jobbers, distributors and dealers in a range of trades in a number of countries worldwide” ("3M Co," n.d., para. 1) The company head quarters is located in St. Paul Minnesota, however 3M has locations all over the United States. 3M is best known within the consumer industry with brands such as Post-it, Scotch, Scotch-Brite, Filtrete, O-Cel-O, Nexcare, and Command. “3M is one of 30 companies in the Dow Jones Industrial Average and also is a component of the Standard & Poor's 500

3M is broken down into 6 business divisions: Consumer and Office, Display and Graphics, Electro and Communications, Health Care, Industrial and Transportation, and Safety, Security and Protection. These six divisions produce some 55,000 different products to solve problems

Bano is of great size. It has a large number of employees that range between 2000-5000 employees that run the company. It’s a company of large size, there are many different departments that are functioning homogeneously in order to keep things efficient around the company. There is the CEO, with top management under, then comes the middle managers and employees. It had a great distance of power. Great attention is put upon employees of Bano. Many programs and systems are set to manage this large number of employees effectively, for the greatest amount of efficiency in return. Bano has a large amount of employees, thus having an employee program to maintain efficiency is a must. It has a great impact on the quality of work that is done throughout the company. Bano also checks on the level of employee engagement, which is basically checking the satisfaction of the employees. This is done through surveys given out to the employees to get their feedback. The satisfaction of the employees with their work field is of great importance. If their experience is a good one, they would be working synchronously with the company's mission and vision; which is

The organization structure at 3M was designed to support innovation. Among the many features, three elements were critical: organizational role to support innovation, research & development laboratories & small size of every business unit. They had a global matrix structure with technical functions cutting across the business division being focused on particular markets.

3M Company’s competitive peers include General Electric (GE) and Honeywell (HON). Those industrial conglomerates are leading companies

Opportunities: 3M is one of the most innovative companies in the world and is constantly investing in R&D to create the next blockbuster product. Opportunities in renewable energy could further enhance product mix for 3M.

To begin, feedback will be given to all of the employees when the concept of the opportunity best presents itself when all of the core areas of the department at the grace level of production. Setting a firm timetable for this activity or concept is not beneficial to creative performance management which is supported by the grace employment philosophy in society realm of provision when there is level of observations. This concepts occurs for the simple fact there is an implication of change that occurs throughout an entire organization dealing with the performance management demands on a daily basis , not annual, which all of the attention when dealing with