Thursday, March 19, 2020

3 m’s Conundrum in Efficiency and Creativity

3 m’s Conundrum in Efficiency and Creativity 3 m’s Conundrum in Efficiency and Creativity The success of any company depends on its efficiency And what can we consider as efficiency? From the point of view of business policy the main goal of any business activity is the income which appears when the sufficient number of people fulfill particular objectives, for instance, buy products, use services, conclude contracts, etc. On the other hand, efficiency of the business is connected with creativity which is applied within the company. Effective innovation requires a delicate balancing act between play and discipline, practice and process, creativity and efficiency, where firms need to learn how to walk the fine line between rigidity which smothers creativity and chaos where creativity runs amok and nothing ever gets to market(p. 363) It is not a secret that when in 2000 James McNerney became the CEO of 3M, his plan was to transform radically the corporate culture of the company. The applied new system of corporate management known as Six Sigma bore fruits. 3M stocks boomed up to 20 % and McNerney met with general approval. However, Six Sigma was worked out in order to reveal problem cycles in operational process and strictly control them in future. Other variants of resolving any problem were excluded. With such corporate culture creativity would have become a victim of iron routine. Any innovations and especially revolutionary ones always represent a conflict with those which are long-present. The present Chief Executive of 3M George Buckley outlined that invention of something is a process that cannot be controlled a priori. And Six Sigma is not an appropriate system for this very sphere. 3Ms employees can not think in a way that if they invented nothing on Monday, they must integrate two new ideas on Wednesday and three on Friday. Creative process can not be limited by any system and rules. Officially nobody studied the level of contradiction between Six Sigma and innovations. But some experts notice that with Six Sigma innovation process flows slowly, without bright rise. Serious debates based on the rational use of time with regard to choosing one essential idea to be implemented in production continue. Adherents of Six Sigma in 3M convince that stage process of new product implementation would allow to introduce innovations to the market more quickly. According to developers opinion innovations are the result of long-time searching and testing. In order to find one brilliant idea they have to sort out several thousands. Six Sigma does not allow doing this, but proposes to reject trash and present something worthwhile. The present Chief Executive of 3M George Buckley tries to resolve the conundrum in efficiency and creativity. In conclusion I would like to point out that Sometimes Six Sigma is very useful For instance in the end of the year line manager can count how much money has company saved because of green belt projects. However, there were cases when developers in order to complete the deadline created ideas out of nothing. On the other hand nobody has a doubt that the former CEO has brought positive changes to 3M. At the mean time many employees say that now they work with enthusiasm because company is focused not on profitability and production discipline but on rise and innovations. Thus, the director of Department of Strategical Business Development emphasised that George Buckley returned the so-called creative sparkle. And the overwhelming majority of 3Ms personnel now can say with a proud that they feel they are able to dream again! And this means the great success not only for the 3Ms leaders but for all people involved in this dream as well.

Monday, March 2, 2020

How To Answer The What is Your Desired Salary Job Application Question

How To Answer The What is Your Desired Salary Job Application Question Without a doubt, the â€Å"What is your desired salary?† question is one of the hardest to answer- either on a job application or in an interview situation. An online application doesn’t usually offer a box to tick for â€Å"I’d be willing to negotiate, within reason.† Don’t Just Make Something Up!If you’re faced with a drop-down application box, remember that you have two tools available to you. First, you can do your research. Find out what the industry standard would be for that role, in that industry, in that geographical area, and ask for that (or a little higher or lower depending on your particular skills and experience). This is vital for not being weeded out based on asking for far too little or far too much.Most companies have hiring policies that dictate they will pay new hires the midpoint of the stated salary range they are prepared to offer. Negotiation technique would suggest you ask for just a bit higher than the midpoint, in order not to be offered less than policy would get you.Use Your Application to Explain Your ReasoningA good use of your cover letter is to justify the number you selected. This is where you can add in that important sentence about being open to negotiation. Or to explain, with numbers, why you feel a percentage increase from your former salary is called for- based on performance appraisals, market trends, new skills or experience, etc.How to Figure Out and Verbalize What You WantThere are different ways to go about this. You can ask for a flat salary number per year, which is usually negotiated and standard across a wide variety of industries and careers. Or you might be looking for a job where you’re asked to state what you would expect to make per hour. In both cases, it’s important to ask for just a little more than you expect to be offered- usually 10-15% above what you really need to make.In the case of hourly pay, make sure you’ve done the calculations to figure out exactly how much you need to make per hour, given your hours, to make ends meet. Most workers can expect to work about 2,000 hours per year. Don’t forget to factor in sick days and vacation time- for which you will often not be compensated in an hourly wage job. Don’t accept a job for less unless you absolutely have to. And don’t forget to ask about overtime and bonus pay, if applicable- so you can factor that into your calculations as well.Sometimes you’ll find yourself in a situation where you don’t particularly care what you make for salary, as this number might be standard or non-negotiable in your industry, but there are specific benefits you’d like to negotiate towards. If there are any deal breakers for you in the benefits package, make sure to focus on these when asked about your salary requirements.The Bottom LineMake sure you know how much you need to make, at minimum. You can always use that as your answer: â€Å"I can ’t accept this position for anything less than [AMOUNT].† And be prepared to hold to it. (These calculations are important and should be done with care.)If you prefer a softer touch, you can always answer: â€Å"I think [AMOUNT] would be a fair salary for this position.†Good luck!