Scribd Logo
Upload

Welcome to Scribd!

  • 304 views

    3M Company Rev

    Uploaded by

    NikunjGupta
    3M is a diversified technology giant with major brands like Post-It Notes and Scotch Tape. In 2002,3M celebrated its first "Century of Innovation", recognizing its remarkable success. 3M has been in Business for 109 years and employs 80,000 people worldwide.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd

    3M Company Rev

    Uploaded by

    NikunjGupta
    304 views10 pages
    3M is a diversified technology giant with major brands like Post-It Notes and Scotch Tape. In 2002,3M celebrated its first "Century of Innovation", recognizing its remarkable success. 3M has been in Business for 109 years and employs 80,000 people worldwide.

    Original Title

    63081416-3M-Company-Rev.ppt

    Copyright

    © © All Rights Reserved

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    3M is a diversified technology giant with major brands like Post-It Notes and Scotch Tape. In 2002,3M celebrated its first "Century of Innovation", recognizing its remarkable success. 3M has been in Business for 109 years and employs 80,000 people worldwide.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    304 views10 pages

    3M Company Rev

    Uploaded by

    NikunjGupta
    3M is a diversified technology giant with major brands like Post-It Notes and Scotch Tape. In 2002,3M celebrated its first "Century of Innovation", recognizing its remarkable success. 3M has been in Business for 109 years and employs 80,000 people worldwide.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 10

    Minnesota Mining & Manufacturing Company

    Profile

    Founded
    in 1902

    $ 27B Company
    Operations
    in more than
    65 Countries
    Launched over
    55000 products

    80,000 employees globally

    Almost everyone knows 3M or its products. The 109-years old company is a


    diversified technology giant with major brands like Post-It Notes and Scotch Tape
    on its roster as well as innovative products like multi-layer optical films that go into
    LCDs.One of 30 companies that make up the Dow Jones Industrial Average.

    In 2002,3M celebrated its first Century of Innovation",


    recognizing the companys remarkable success,
    which is rooted in its ability to create new-to-the world
    products.

    3Ms formula for growth


    Recruiting the right people
    Right Working environment
    To let them do their things

    TIMELINE

    1902Founded in
    Two
    Harbors,
    MN.

    1916 - 3M
    paid first
    dividend of 6
    cents a
    share.

    Dry-silver microfilm
    introduced along
    with photographic
    products

    The world's 1st


    waterproof
    sandpaper

    The
    Adhesives
    Division was

    developed

    established.

    Pharmaceuticals,
    radiology and
    energy control
    expand.

    Introduces
    Post-it
    Notes.

    Invested
    5% of its
    sales in
    R&D

    Sales
    reach $15
    billion
    mark

    Introduces ThermoFax copying


    process,
    Scotchgard,
    videotape, ScotchBrite Cleaning Pads

    2004 - Sales top


    $20 billion. optical
    films for LCD
    televisions enter
    the market.

    "To the outside world, what we do looks a little like magic. We create entirely new product categories and
    breathe new life into markets crying for reinvention. Its been called 'the 3M effect.' Harnessing innovation for
    your benefit- thats the practical magic behind 3Ms success."

    - George W. Buckley, Chairman, President and CEO

    Organized into Six Business segments:Consumer and office


    Business

    Electro and
    Communications
    Business

    Industrial and
    Transportation
    Business

    Display and Graphics Business

    Health Care Business

    Safety, Security and Protection


    Services Business

    IN-NO-VA-TION : A new idea, method or device

    Fostering the Culture of innovation


    William L. McKnight
    (1907-1966)
    Encouraged its
    employees to take the
    initiative and come with
    new ideas.
    Carlton,Okie & Drew
    (early 1920s)
    Set the tone of
    innovation at 3M.The
    companys famous 15 %
    rule resulted.

    KEY FACTORS:
    RECRUITING AND RETAINING TALENT
    CREATING A CHALLENGING ENVIRONMENT
    KNOWLEDGE SHARING

    James McNerney Jr.


    (2000)
    Preserved the culture of
    innovation.
    Fostered leadership
    qualities among
    employees.

    REWARDING INNOVATION

    Mechanism Stimulating innovation

    Initiatives launched by Mcnerney


    Global Sourcing
    Indirect Cost Reduction

    E-productivity
    3M Acceleration

    Six Sigma Initiative

    Pillars of innovation platform


    Shared world-class Technology.
    Shared customers, channels and Brands
    Shared Manufacturing
    Shared Global Infrastructure.
    Shared Cultural Innovation
    Values,Practices,Processes and
    Toolkits.

    Act without compromising honesty and integrity.


    Satisfy customers with innovative technology and
    superior quality, value and service.
    Provide investors an attractive return through
    sustainable, global growth.
    Respect social and physical environment around the world.
    Value and develop the employees' diverse talents,
    initiative and leadership.
    Earn the admiration of all those associated
    with 3M worldwide.

    Conclusion

    Innovation is a core competency


    at 3M and is at the heart of the
    companys culture.

    ARUN
    GANESH
    GULSHAN
    PRANALI
    MAYUR
    RUPESH
    VEENA
    VIKAS

    You might also like