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About the company  One of the great examples of success through change and innovation Scotch tape and Post-it note : Two main products innovations James Mc.Nerney appointed as CEO of 3M
 Key Issues	 Increasing input cost Slow growth rate
Strategy Categorize the products into six broad categories ,[object Object]
Specialty material
Industrial products
Consumer and office products
Electro and communication products
Transportation, graphics , safety products,[object Object]
Shifting some production overseas
Centralizing the purchasing process
Cutting the supplier roaster,[object Object]

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3M

  • 1.
  • 2. About the company One of the great examples of success through change and innovation Scotch tape and Post-it note : Two main products innovations James Mc.Nerney appointed as CEO of 3M
  • 3.
  • 4. Key Issues Increasing input cost Slow growth rate
  • 5.
  • 10.
  • 13.
  • 14.
  • 15. ALREADY STATED FACTS 3M One of the great examples of success through change and innovation Scotch tape and post it : Two main product innovations
  • 16. MOVEMENT Managers asked to change and determine early in development process Company was asked to build plant for a new product after analyzing its demand in the Marketplace Change approach towards “yes or no” of the production
  • 17. REFREEZING Abolishment of seniority based compensation plan in favor of merit based structure Pay and promotions to outstanding Employees and Managers Leadership development school
  • 18. CONCLUSIONS Broad categorizing of products increased market peneteration Cost cutting saved $6oo million from 3Ms expenses Company’s internal inefficiency and quality improved : Gave a sizeable boost to 3M
  • 19. THANK YOU Hitesh Bhardwaj Robin Bansal Isha Sharma PriyankaRawat DeeptiBhardwaj