Growth Through Inequity and Key Performance Indicators Assignment

Growth Through Inequity and Key Performance Indicators - Assignment Example It has been operating its business operations currently for over a hundred years. After the mineral mining proved to be unsuccessful, the company owners were forced to sit and rethink on the course to take. They decided to buy minerals that could enable them produce finished products, which greatly saved the company setting the base of the entrepreneurship spirit that has since been shaping the company. It is from this weak start that the company has developed tremendously into a multinational organization. Currently the organization produces and sells over 50, 000 different items for commercial use, industrial purposes or healthcare products. Most importantly, it sells its products in over two hundred countries around the world. 3m has worked tirelessly to bring changes in its products while inventing and producing new versions of items. It is in this spirit that the organization has been able to identify consumer needs in the market and respond to them accordingly for example, the post-it ® Note. The organization undergoes different stages to come up with an item on the market. It taps the original ideas, designs the product, manufacture it and deliver the finished product on the market. The 3m does not base on one particular style to generate its ideas. It uses manager’s method to tap ideas from people and its own employees. At the same time, remains proactive in encouraging all workers to come up with new ideal processes, which makes the organization active in developing new products on the market. The company produces goods with customer requirements in mind. This enables it to provide various solutions to customer needs around the globe. In developing the goods, it starts with focusing on custo mer requirements then make decisions on the products to manufacture.