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6 / 1588
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When you have too many irons in the fire at once it is difficult to be the best at any one thing. Take a look at the vast wasted opportunity with Xerox. Management seems focused on the development of new, blockbuster products that improving and protecting the old innovations is sacrificed. New weaknesses would include succession planning...
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New weaknesses would include succession planning. It was surprising that 3M choose to go outside the company in 2001 when McNerney was hired. It is concerning that 3M didn't have a qualified, outstanding candidate within the company ready to move into the role of CEO. Cash flow (seed money) is another weakness of 3M's...
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