It's going to be all about how we're moving to a new system if goal-setting. We should all choose SMART goals that ladder up through our org charts to align with bigger priorities.
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You must have attended a different meeting. BB VERY clearly stated the goals:
(1) 2-3% organic sales growth
(2) EPS $7.60 - $7.90
(3) FCF ~100%
How to get there:
(1) Invest in R&D
(2) Commercial excellence including improving OTIF and reducing waste & inventory
He is strongly focused on NPIs (in growth markets) and getting a strong handle on OTIF. How much more detail is a CEO expected to provide?
BB has just about doubled our share price (from a year ago). He is doing a fantastic job (compared to MR). Brighter days are ahead!
It seems BB is unleashing his famous practice of giving impossible targets to the regional functional groups. We are seeing the regional planning, logistics, quality, procurement....all going after the same plants to report the A3 progresses. Interestingly many of such are conflicting goals.....let's see how the regional groups are going to panic. LOL
Honeywell announced to split in three so 3M is lining up for this. I bet this will happen next.
BB left his last gig as CEO after morale plummeted and he didn't have any more arrows in his quiver to goose the share price. 3M should not have had a hard time finding an excellent CEO from a midsized competitor. Instead, we get a egotistical retread AND still stuck with Tireman and the Smurf in IT.
Break this place into 4 or 5 pieces and be done with this charade.
Lovin' the refusal to pay forced tariffs on suppliers but hey its a win / win - wah?!
I learnt so much listening in today. Can we have townhalls like these every week so that I can improve my productivity, expand on my skill base and contribute to the next blockbuster innovative products from 3M !
Danke...
What the F was that? A lot of words....but no real answers. Reminds me of Roman and the last VP......corporate speak/word salad. But hey.....keep holding onto those handrails when using the stairs! Welcome back to Kindergarten.....
The charlatan and his eunuch spoke many words to basically say, the stock price is high and we need to keep it up. Nothing of any value to any employee was said.
It's hysterical to think a consultant was paid millions to deliver that program to 3M (for the fifth time). LOL
Doesn’t data show that year end reviews are jokes? Glad to see we’re focusing on the important things
Cool, does that mean we’re actually going to get real rankings? And not have arbitrary rules like “you got exceptional last year and I can’t give an employee that two years in a row”
It’s about time…accountability is badly needed. Minnesota nice hasn’t worked for some time…
Worst part of the Jimmy Mac early years was a forced “bottom ten percent” ranking. If ranked there they had 6 months to up their game or they were handed a reduced buyout to move on. Hard to believe but Jimmy eased up on that system after a couple of years.
Forced ranking 1 thru 5 is definitely coming back. BB want to replace Minnesota Nice with Nasty.
burgers are just flat sausages