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Creativity and Innovation

Group 3 Vikram Singh


Karteek Sharma
Aswin Shekhar
Kewal Krishna Bhoi

Innovation is more than just a


bright idea; it is an
idea that gets implemented
and has a real impact.
In other words, somebody has
to make it happen.
Ernest Gundling,
Author, The 3M Way to
Innovation:
Balancing People and Profit

If you put fence around people, you get shee


-- William mcknight

For more than 100 years, 3M


has fostered a culture of
creativity and new ideas.

Every company seeks


the keys to innovation,
but
few find them. Over the
decades, 3M learned how
to be innovative and
today
the company uses that
skill to great competitive
advantage.
Jerry I. Porras,
Co-author, Built to Last

Introduction
Minnesota Mining and Manufacturing Company
Americanmultinational conglomeratecorporation
based inSt. Paul,Minnesota
Headquartered in the St. PaulsuburbofMaplewood,
Minnesota
With $30 billion in sales, 3M employs 88,000 people
worldwide and produces more than 55,000 products
Produces - adhesives, abrasives,laminates,passive
fire protection, dental products, electronic materials,
medical products, car-care products
Operations in more than 65 Countries ,including 29
international companies

History
Founded in 1902,Lake Superior town of Two
Harbors, Minnesota.
Five business man-a doctor, a lawyer, two
railed executives and a meat-market
manager started the venture.
Goal was to mine high-quality corundum, a
mineral used in abrasives industry
Company moved to St. Paul in 1910

In 1916,company paid its first dividend


of 6% shares

3M founded
in Two
Harbors, MN,
on
June 13,
when five
founders sign
articles
of
incorporation.

1902

First 3M
laboratory
established;
3M
Headquarter
s moves to
St. Paul, MN

1906

First
sandpaper
sale to
South
Bend Toy
Co. totals
$2.

1916

3M Wetordry
Waterproof
Sandpaper the
worlds first waterresistant coated
abrasive is
patented and
introduced
1919

Annual
sales
exceed
$1
million.

1921

1930

Scotch
cellophane
first
introduced

3M breaks
ground for first
new corporate
headquarters
(3M Center),
building on a
325-acre site
east of St. Paul.

1953

3M scientists
develop a
3M products are
breakthrough
used in the first moon
ultra-compact,
walk on July 20;
LEDAstronaut Neil
illuminated
Armstrong leaves a
projection
footprint on lunar
engine for
dust in boots made
integration in
from Fluorel synthetic
personal
rubber from 3M
electronic
1956
1969
1995 devices.
2008

3M introduces
Scotchgard
fabric and
upholstery
protector to
the textile
industry.

3M
introduces the
first metered
dose asthma
inhaler free of
ozonedepleting
chlorofluoroca
rbons.

2012

3M and
Gossamer
Space Frames
unveil the
worlds largest
aperture trough
using 3M
Solar Mirror
Film 1100 for
concentrated
solar power.

3Ms BUSINESS STRUCTURE


3M Diverse Company
For more than a century, innovation has been the hallmark of
3Ms growth, reflecting a culture of shared ideas and
technology. 3M Innovation enables 3M to continuously deliver
practical and ingenious solutions to everyday problems
around the world on a daily basis.
Produces 45 major product lines with 60000 of individual
items
3Ms business units are grouped into 3 major sectors:
Industrial & consumer sector
Information , Imaging & Electronic sector
Life sciences sector

3M invests generously in research & development to fuel

the innovation pipeline.

As the result of this organizational structure , 3M is big but


is able to act small.

The divisional structure used in 3M creates empowerment

in the employees
Internal synergy that makes 3M unique
3M also innovates through organization
R&D is conducted at 3 levels
Corporate research laboratories work on project for over 10

years

3M encourages risk-taking and persistence.


Divisional laboratories focus on current programs for 1 to 5
years
Sector laboratories work on midterm projects for 5 to 10 years
To speed up the development process, Divisional laboratories
opt for
3M has dozen centers of technology excellence & 5 analytical
resource centers where researchers can find specialized help.
Computational chemistry in which experiments go faster.
3M also assesses customer needs & anticipates market trends

Electronic Stethoscope
The 3M Littman
Electronic Stethoscope
Model 3200 was
introduced in 2009
It uses Bluetooth
technology to
wirelessly transfer
heart, lung and other
body sounds to
software for further
analysis.

3Ms Multilayer Optical


Films

Filtek Supreme

Post-it Flag+Highlighter

Research and development:


Bold talent
The company recognized the value of R & D
and allocates approximately 6% of its yearly
revenue on R & D.
In 1994, 3M spent more than $1 billion on R&D
Nearly 500 new products were introduced that year
alone
3M had some outstanding results with this R&D
spending
$1 billion in sales resulted & 543 patents received
They also did the reviewing operations &
development for its products.

3M in India

3M Businesses in India Consumer


From simplifying life at home to keeping you organized at
work; simplifying life and work.
Safety & Graphics
From signs on the road to the images on your phone;
enhancing visual communication and interactivity.
Electro & Energy Markets
From connecting the worlds power grid to supporting hightech electronic devices; enabling tomorrows lifestyle today
with electrical power, communications and electronics.
Health Care
From preventing infections to making smiles brighter;
promoting health and improving quality care.
Industrial
From underground to outer space, changing how industry
works.

ABRASIVES
A robust blend of cutting edge technology and innovative
products ensure that 3M Abrasive solutions outperform
conventional abrasives. The solutions portfolio from 3M
Abrasives provides the assurance of exemplary quality and
superior results.

ADHESIVES AND TAPES


With more than 50 years of experience in Industrial
Adhesives and Tapes, 3M meets every requirement of the
industry. In addition to advanced formulations for reliability
and versatility, 3M provides application systems that
facilitate the production service in assisting customers select
the best product for the job.

CAR CARE

All basic car servicing facilities


Small and minor car repairs
Replacing wind shields, other small components
Offering insurance

FOOD SAFETY

With a blend of safety and quality monitoring systems, 3M


provides proven, reliable and cost-effective solutions that meet
current industry requirements - continuing to be the leader in
the food and beverage industry.
Some of the solutions include 3M Petrifilm Plates, 3M
Clean Trace Hygiene Monitoring Systems, 3M Tecra
Pathogen and Toxin kits, combined with sample handling,
media and enrichment products

3M ELECTRICAL
The Electrical Solutions portfolio from 3M addresses the wide and
varied requirements of power generation, transmission and
distribution besides effectively catering to exacting needs of
users across the Construction & Maintenance, Electrical &
Electronic OEM and Electrical Utility sectors.

Telecommunication Solutions

Telecom Network applications for Copper and Fiber, Utilities like


Power, Oil & Gas, Railways and more making 3M the largest and
most comprehensive provider of products for the
telecommunications industry.

Lessons from 3M
3M showed how to balance innovation with
marketing & Operations and be market leader.
R&
D
Managemen
ts Role

Policies

Communicati
on

Creating Market Need/Market Pull


Vision plays a stepping stone for innovation.

Factors conducive to
Innovation
3M's model is built on the concept of working
together for the common good of the firm and
the employees.
There's a focus on individual initiative, which
encourages people to identify opportunities and
create solutions, and a "barn raising" mentality
which encourages people to help each other with
on projects.
3M also rewards its innovators through several
technical achievement programs, such as the
Circle of Technical Excellence & Innovation,
Genesis Grants Program and the Carlton Society.

Factors conducive to Innovation

Circulation of idea
Core technologies
Variation of products
3M rewards employees who drive
innovation forward.
3Ms philosophy
Financial support to innovators
Meeting regularly to exchange information
Action team