INNOVATION AT 3M

INNOVATION - THE ONLY STRATEGY

Presented by:
Nirmal Kujur(32)
 Index

 About
 Products
 Innovation Process

2
 History

 Company: Minnesota Mining and Manufacturing

Company (3M)
 Formed in 1902 at Minnesota US
 Founded by Henry S. Bryan, Herman W. Cable,
John Dwan, William A. McGonagle, and Dr. J.
Danley Budd.
 Started with mining stone from quarries for use
in grinding wheels.
 Twelve years after being founded, 3M developed
its first exclusive product: Three-M-ite cloth

3
4
 Type of Industry

 Nature of business: Conglomerate

 Tape products
 Industrial products
 Automotive and chemical products
 Connecting and insulating products
 Consumer and office products
 Health Care products
 Safety and personal care products

 Operates in 60 countries
 With over 76,000 employees, they produce over 55,000
products

5
 Products: examples

3M makes everything from masking tape to asthma inhalers

Industrial Markets-Scotch tape & adhesive,3MProtective tape & coating

Vikuiti Digital display film

Automotive-Scotch gard Paint Protection films, 3mHigh bond tape, 3M

denting utilities

Traffic and Safety Markets-Scotchgard films, 3M reflectors

Consumer and Office-Scotch®, Post-it®, Scotch-Brite®, and Scotchgard™,

Scotch Print™ Glass Decoration

Health-3M™ Littmann Stethoscopes ,

Lava dental products,3M ESPE dental care & surgery products

6
7
 Pillars of Innovation

Seven-point list by Larry Wendling, VP,

3M research lab.

1. Commitment to innovation
2. Corporate culture
3. Innovation is impossible without a broad
base of technology

8
 Pillars of Innovation

4. Talk, talk, talk

5. Set individual expectations and reward
employees for outstanding work

6. Quantify efforts
7. Research must be tied to the customer

9
 Innovation Process

3M mechanisms that drive Innovation:

 Beginning of a Blockbuster Idea

 Tell your story
 An electric atmosphere
 We can be anything we want to be
 25 percent rule
 ‘intrapreneurship’ (internal entrepreneurial
behavior)
10
 Innovation process cont.

 Bootlegging  
 Walking innovation HIGH WIRE
 Forum of Honesty-talk talk

11
 Innovation process cont.

 A Wild Idea With No Home

 15 percent rule
 Give me a problem to solve
 There’s no place like home
 Genesis Program

12
 Driving Innovation

 Get your hands dirty in the innovation

process; it’s meant to be messy
 Get hold of resources irrespective of their
availability
 Interact-Share
 Anticipate the needs

13
Thank You…

14