By getting researchers excited about commercialising

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have been able to get their products from the lab to the market they got hooked on the process. By getting researchers excited about commercialising their research Wendling succeeded in streamlining 3Ms R&D. 1.1 Explain each of the following key elements of the human resources management (HRM) system and indicate how HRM policies/practices 3M could introduce to facilitate the development of innovation. A. Job planning and design B. Recruitment and selection C. Training and development D. Employee performance evaluation E. Remuneration and reward (10)
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3 1.2 There are in reality hundreds of factors within a typical business that constrain entrepreneurship. In fact, there are so many obstacles that entrepreneurship almost seems to be a pipe dream. Discuss how the following factors could act as obstacles to corporate entrepreneurship and the development of new innovation in the organisation. A. Systems B. Structure C. Culture D. Policies and procedures (12) 1.3 Discuss the forms of strategic entrepreneurship that are illustrated in the 3M case study. Provide example to each. (8) [30]
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4 SECTION B Question 2 2.1 Strategy formulation is half of the battle and implementation is the other half. The actual execution of the strategy is as important as the strategy itself. Many organisations make unintentional errors while applying a specific strategy to their particular context. In the text book Michael Porter has noted five fatal mistakes to which organisations continually fall prey in their attempts to implement strategy. Name and explain these five fatal mistakes .
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