Abstract

The caselet deals with the changes undertaken by James McNerney Jr., CEO of 3M, who was the first outsider to be recruited to that position in the history of 3M. The caselet assesses the impact these changes had on the organization and also mentions the apprehensions industry observers had about the changes undertaken at the company.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• The drive to balance a culture of innovation with efficiency
• The role of organization culture in promoting innovation in the organization
• and The role of top management in undertaking changes in a company.

Keywords

3M, Culture of Innovation, James McNerney Jr., General Electric (GE), 3M Acceleration Program, Six Sigma Initiative, Seniority based pay structure, Performance based pay structure