INTRODUCTION

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3M Company (NYSE: MMM), formerly known as the Minnesota
Mining and Manufacturing Company, is an American multinational
conglomerate corporation based in Maplewood, Minnesota, a suburb of
St. Paul. 3M was founded by Henry S. Bryan, Herman W. Cable, John
Dwan, William A. McGonagle, and Dr. J. Danley Budd.

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3M grows by acquiring smaller growing companies. 3M’s 3-year
compound annual growth rate was 7.7%.

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With over 79,000 employees, they produce over 55,000 products
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With over 79,000 employees, they produce over 55,000 products

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3M has operations in more than 60 countries – 29 international
companies with manufacturing operations, and 35 with
laboratories.

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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.
 VISION

“To earn customer loyalty and respect by effectively

being able to differentiate from their competition,
communicate and reinforce the 3M brand strategy.
The 3M brand identity standards serve to continually
reinforce their frame of reference and the 3M brand
promise”.

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Frame of Reference:
Diversified Technology Company.
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3M Brand Promise :
  MISION
"To solve unsolved problems innovatively."

OBJECTIVE
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Develop solutions that address environmental and social
challenges for our customers and society.
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Maintaining a safe and healthy workplace.
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Satisfying customers with superior quality and value.
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Providing a supportive, flexible work environment.
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Conduct our business with the uncompromising honesty and
integrity.
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Provide an attractive return for our investors.
 PLANS AND TARGETs

3M provides
investors
with a
 STRATEGY
Ø Economic Success.
Ø Environmental Protection.
Ø Social Responsibility.
 STRATEGY FORMULATION

“Researchers should spend 15 % of their time

working on something other rather than their
primary projects”—product development strategy
 STRATEGY IMPlEMENTATION
Crescive Approach
Ø Subordinates develop, champion, and implement
strategies on their own.

Ø Everyone has input into the formulation and

implementation of strategies.
EVALUATION AND CONTROL
Ø Performance is the
end result of activities.

Ø Feedback

Ø corrective
action

Ø learning
 SWOT ANLYSIS

Strengths
ØDiversified
businesses.
Opport
unities
ØAcquis
itions in
 CORE COMPITENCY

• 3M's core competence in sticky tapes led

to “post-it” notes.
•
DISTINCTIVE COMPETENCY

Competitors of 3M
Ø Avery Dennison Corporation
Ø E. I. du Pont de Nemours and Company
Ø Johnson & Johnson

3M is new product and technology

driven company:-
Ø Innovation and new product development.
Ø mistakes and failures are accepted as
inevitable.
 CONCLUSION

Ø Innovation is a core competency at 3M and is at the

heart of the company's culture.
Ø They appreciate the fragility of innovation but also
reinforces shareholder value.
Ø 3M allows freedom for ideation 100% unencumbered
from stifling.
Ø 3M believes - enables butterfly wings to beat
beautifully without constraints - creating a potential
to change the winds forever in the services innovation