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INTRODUCTION

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

Ø 3M products are available for purchase through distributors and retailers in more than 200 countries.Ø With over 79.000 employees. and 35 with laboratories. they produce over 55. Ø .000 products 3M has operations in more than 60 countries – 29 international companies with manufacturing operations. and many 3M products are available online directly from the company.

Frame of Reference: Diversified Technology Company. 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”. Ø 3M Brand Promise : Ø .VISION “To earn customer loyalty and respect by effectively being able to differentiate from their competition.

Ø . Ø Conduct our business with the uncompromising honesty and integrity. flexible work environment. MISION "To solve unsolved problems innovatively. Ø Providing a supportive. Ø Provide an attractive return for our investors. Ø Maintaining a safe and healthy workplace." OBJECTIVE Develop solutions that address environmental and social challenges for our customers and society. Ø Satisfying customers with superior quality and value.

PLANS AND TARGETs 3M provides investors with a .

Responsibility.Ø Economic Success. STRATEGY Ø Environmental Ø Social Protection. .

STRATEGY FORMULATION “Researchers should spend 15 % of their time working on something other rather than their primary projects”—product development strategy .

and implement strategies on their own. champion. Ø . Everyone has input into the formulation and implementation of strategies.STRATEGY IMPlEMENTATION Crescive Approach Ø Subordinates develop.

Ø Feedback Ø corrective action Ø learning .EVALUATION AND CONTROL Ø Performance is the end result of activities.

.SWOT ANLYSIS Strengths ØDiversified businesses.

Opport unities ØAcquis itions in .

• .CORE COMPITENCY • 3M's core competence in sticky tapes led to “post-it” notes.

. Dennison Corporation & Johnson I. mistakes and failures are accepted as inevitable. du Pont de Nemours and Company Ø Johnson 3M is new product and technology driven company:Ø Ø Innovation and new product development.DISTINCTIVE COMPETENCY Competitors of 3M Ø Avery Ø E.

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