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INTRO.
3M stands for Minnesota Mining and Manufacturing
Company
Headquarters are in the St. Paul suburb of Maplewood,
Minnesota, USA.
One of the ten most admired corporations Fortune
annual poll of American CEOs.
The 3M model:
Market responsiveness
2
3M 2007. All Rights Reserved.
INTRO.
Established in 1902, producing abrasives and adhesives products.
3
3M 2007. All Rights Reserved.
3M Today
Health
Care
Industrial
Consumer
&
Office
Display &
Graphics
Safety,
Security &
Protection
Transportation
Electro &
Communications
Transportation,Graphics
& Safety Mkts
Sales: $3.5 B
Electro &
Communications Mkts
Sales: $2.2 B
Industrial Mkts
Sales: $2.7 B
Sales: $3.2 B
The strategy of growth through new niches, rather than competition in existing
markets.
Allowing failures
Strategic visions
10
W.
W.James
JamesMcNerney
McNerney
CEO
CEO
Patrick
PatrickD.
D.Campbell
Campbell
CFO
CFO
Controllers/
Controllers/ Corporate
Corporate
Ops
Finance
Audit
Ops Finance
Audit
Fin.
Fin.Planning
Planning
&
Analysis
& Analysis
Tax
Tax
Treasurers
Treasurers
THANKS