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8/7/2019 spi ppt final
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INTRODUCTION
3M Company (NYSE: MMM), formerly known as the Minnesota
Mining and Manufacturing Company, is an Americanmultinationalconglomerate corporation based in Maplewood, Minnesota, a suburb of
St. Paul.3M was founded by Henry S. Bryan, Herman W. Cable, JohnDwan, William A. McGonagle, and Dr. J. Danley Budd.
3M grows by acquiring smaller growing companies. 3Ms 3-year
compound annual growth rate was 7.7%.
With over 79,000 employees, they produce over 55,000 products
http://en.wikipedia.org/wiki/New_York_Stock_Exchangehttp://www.nyse.com/about/listed/quickquote.html?ticker=mmmhttp://en.wikipedia.org/wiki/United_Stateshttp://en.wikipedia.org/wiki/Multinational_corporationhttp://en.wikipedia.org/wiki/Conglomerate_(company)http://en.wikipedia.org/wiki/Maplewood,_Minnesotahttp://en.wikipedia.org/wiki/Minnesotahttp://en.wikipedia.org/wiki/St._Paul,_Minnesotahttp://en.wikipedia.org/wiki/St._Paul,_Minnesotahttp://en.wikipedia.org/wiki/Minnesotahttp://en.wikipedia.org/wiki/Maplewood,_Minnesotahttp://en.wikipedia.org/wiki/Conglomerate_(company)http://en.wikipedia.org/wiki/Multinational_corporationhttp://en.wikipedia.org/wiki/United_Stateshttp://www.nyse.com/about/listed/quickquote.html?ticker=mmmhttp://en.wikipedia.org/wiki/New_York_Stock_Exchange8/7/2019 spi ppt final
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With over 79,000 employees, they produce over 55,000 products
3M has operations in more than 60 countries 29 international
companies with manufacturing operations, and 35 with
laboratories.3M products are available for purchase through distributors and
retailers in more than 200 countries, and many 3M products are
available online directly from the company.
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"To solve unsolved problems innovatively." MISION
OBJECTIVEDevelop solutions that address environmental and social
challenges for our customers and society.
Maintaining a safe and healthy workplace. Satisfying customers with superior quality and value. Providing a supportive, flexible work environment.Conduct our business with the uncompromising honesty and
integrity.Provide an attractive return for our investors.
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PLANS AND TARGETs
3M providesinvestors
with a
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STRATEGYEconomic Success.
Environmental Protection.
Social Responsibility.
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STRATEGY FORMULATION
Researchers should spend 15 % of their time
working on something other rather than theirprimary projectsproduct development strategy
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STRATEGY IMPlEMENTATION
Crescive Approach
Subordinates develop, champion, and implement
strategies on their own.
Everyone has input into the formulation and
implementation of strategies.
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EVALUATION AND CONTROLPerformance is the
end result of activities.
Feedback
corrective
action
learning
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SWOT ANLYSIS
Strengths
Diversified
businesses
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Opport
unitiesAcquisitions in
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CORE COMPITENCY
3M's core competence in sticky tapes ledto post-it notes.
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ISTINCTIVE COMPETENCY
Competitors of 3M
Avery Dennison Corporation
E. I. du Pont de Nemours and Company
Johnson &Johnson
3M is new product and technologydriven company:-
Innovation and new product development.
mistakes and failures are accepted asinevitable.
http://www.hoovers.com/company/Avery_Dennison_Corporation/rfrhif-1-1njg4g.htmlhttp://www.hoovers.com/company/E_I_du_Pont_de_Nemours_and_Company/rfcxki-1-1njg4g.htmlhttp://www.hoovers.com/company/Johnson__Johnson/rfxtci-1-1njg4g.htmlhttp://www.hoovers.com/company/Johnson__Johnson/rfxtci-1-1njg4g.htmlhttp://www.hoovers.com/company/Johnson__Johnson/rfxtci-1-1njg4g.htmlhttp://www.hoovers.com/company/Johnson__Johnson/rfxtci-1-1njg4g.htmlhttp://www.hoovers.com/company/E_I_du_Pont_de_Nemours_and_Company/rfcxki-1-1njg4g.htmlhttp://www.hoovers.com/company/Avery_Dennison_Corporation/rfrhif-1-1njg4g.html8/7/2019 spi ppt final
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CONCLUSION
Innovation is a core competency at 3M and is at the
heart of the company's culture.
They appreciate the fragility of innovation but also
reinforces shareholder value.
3M allows freedom for ideation 100% unencumbered
from stifling.
3M believes - enables butterfly wings to beat
beautifully without constraints - creating a potential
to change the winds forever in the services innovation
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