3M′s Leadership Competency Model.ppt

Company LOGO Leadership Competency Model An Internally Developed Solution Outline The Development of 3M’s Competency Model 2 Summary and Reflections 4 The Introduction of 3M and Competency Model 3 1 The 3M’s Leadership Competency Model 3 3 Introduction of 3M 3M: Minnesota Mining and Manufacturing Company A 100-year-old company Multinational corporation DJIA and Fortune 500(351,2009) Product diversification Innovation and the development of new products 3M’s Culture A high level of loyalty to the company among employees Encouragement to take risks on new ventures, often outside the scope of their approved projects Leadership and management talent within the enterprise High job stability /programs/view/01sJ3fjpho8/ Competency Model Competency Model: Dr David McClelland, A competency model refers to a group of competencies required in a particular job and usually number 7 to 9 in total. The number and type of competencies in a model will depend upon the nature and complexity of work along with the culture and values of the organization in which the work takes place. Iceberg Model of Competency Why 3M Needs Competency Model? Knowledge Capital Markets Fierce Competition Leaders’ Challenges Technological Change Cost Globalization Competency model Why 3M Needs Competency Model? R1: The need of the organization to survive and grow. The effectiveness of leadership becomes more critical for survival. R2: The ever-pressing demands of succession planning. Placing the right people in the right jobs at the right time is complicated by the diversity of businesses at 3M. The intended application of the model Accurate assessment of leadership capability More effective development of talent within the organization Selection and placement of leaders into key positions The Beginning of a Customized Model  The original work started in 1986. met periodically ongoing dialogue and enhancements a basic competency model evolved. Leadership Development—A Global HR Priority I