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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_Exchange

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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.html

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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