Learning Goal: I’m working on a entrepreneurship case study and need an explanation and answer to help me learn.
Answer the following questions, providing extended logical reasoning with evidence from the case for each:
1. Describe, the basis of the competitive advantage of 3M, the highly diversified global company. Provide extensive arguments with evidence from the case regarding 3M’s areas of competitive advantage.
2. How would you advise Andy Wong to handle the authorization for expenditure (AFE) for the re-launch of the privacy screen? Why?
a) Should he go? Postpone? Cancel? Why?
b) What are some of the important considerations for his decision?
3. If you were Paul Guehler, would you approve the AFE if Wong sent it up to you? Why or why not?
4. How effective has Wong been as a front-line manager in the 3M context?
5. How effective has Guehler been as a 3M division president?
6. Using Ireland, Covin, & Kuratko article from Unit One, discuss the three aspects of corporate entrepreneurship strategy (entrepreneurial strategic vision, pro-entrepreneurship organizational architecture, and entrepreneurial processes and behavior) within the context of 3M.
7. In their article, “The four models of corporate entrepreneurship,” Robert C. Wolcott and Michael J. Lippitz “have identified two dimensions under the direct control of management that consistently differentiate how companies approach corporate entrepreneurship.” Using these concepts discuss and identify corporate entrepreneurship in 3M.
8. What is it about 3M that makes it perhaps the most consistently entrepreneurial large company in the world?
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