SlideShare a Scribd company logo
Samarth Patel
Rajat Maheshwari
Devendra Tiwari
TITLE
S u b t i t l e
INDEX
1. Introduction to case
2. Question for the case
3. Answer to the question
INTRODUCTIO
N
• Founded in 1902
• The Minnesota Mining &
Manufacturing Corporation (3M)
• Headquarters: Saint Paul, Minnesota,
United States
• CEO: Mike Roman (current)
Reported sales
revenues of $16.7
billion during the year
2000
C o m p a n y m a d e m o r e t h a n 6 0 , 0 0 0
p r o d u c t s t h a t y e a r
Sales
revenues of
$16.7 billion
during
the year 2000
Before
1995
$9.6 billion
56%
1995-1999
$5.6 billion
35%
2000
$1.5 billion
9%
2000
9%
1995-1999
35%
before 1995
56%
Sales Revenue for 2000
2000
1995-1999
before 1995
Revenue
from 3M’s
six
business
segments
Electro and
communications
Consumer
and office
Healthcare
Graphics and
safety
Transportation
Industrial
“Points
- Asia Pacific, Europe, and Latin
America achieved double-digit volume
growth.
- Non-U.S. business represented
53% of total net sales.
- Also 63% of total operating income.
More than 75,000 3M
employees worked to
create more than 500 new
products every year.
3M had identified 21
established and new
strategic brands
3M had institutionalized a
corporate culture that promoted
intrapreneurship
recognized for its vertical
organizational structure
Between 1985 and 2000, 3M’s
gross profit margin averaged over
48 percent
During this same 15-year time
period, return on equity for the
company averaged 22.2 percent
In Fortune
magazine’s annual
survey of “America’s
Most Admired
Corporations,” 3M
earned a top-10
ranking in 10 of the
last 15 years
During 1985-2000,
3M also appeared
on the Fortune top-
three rankings for
innovativeness
in 1995 3M was
awarded the
National Medal of
Technology, the U.S.
government’s top
award for innovation
Early in 3M’s history,
chair and CEO
William L. McKnight,
long considered to
be the company’s
“spiritual founder,”
introduced policies
and philosophies
that were
considered to be
responsible for 3M’s
ability to innovate
consistently
“ Evaluate the policies and philosophies of 3M from the standpoint of
helping the company implement its strategy, rooted in innovation?
Question?
THANK YOU!

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3m case study rm

  • 1. Samarth Patel Rajat Maheshwari Devendra Tiwari TITLE S u b t i t l e
  • 2. INDEX 1. Introduction to case 2. Question for the case 3. Answer to the question
  • 3. INTRODUCTIO N • Founded in 1902 • The Minnesota Mining & Manufacturing Corporation (3M) • Headquarters: Saint Paul, Minnesota, United States • CEO: Mike Roman (current)
  • 4. Reported sales revenues of $16.7 billion during the year 2000 C o m p a n y m a d e m o r e t h a n 6 0 , 0 0 0 p r o d u c t s t h a t y e a r
  • 5. Sales revenues of $16.7 billion during the year 2000 Before 1995 $9.6 billion 56% 1995-1999 $5.6 billion 35% 2000 $1.5 billion 9% 2000 9% 1995-1999 35% before 1995 56% Sales Revenue for 2000 2000 1995-1999 before 1995
  • 6. Revenue from 3M’s six business segments Electro and communications Consumer and office Healthcare Graphics and safety Transportation Industrial
  • 7. “Points - Asia Pacific, Europe, and Latin America achieved double-digit volume growth. - Non-U.S. business represented 53% of total net sales. - Also 63% of total operating income.
  • 8. More than 75,000 3M employees worked to create more than 500 new products every year. 3M had identified 21 established and new strategic brands
  • 9. 3M had institutionalized a corporate culture that promoted intrapreneurship recognized for its vertical organizational structure Between 1985 and 2000, 3M’s gross profit margin averaged over 48 percent During this same 15-year time period, return on equity for the company averaged 22.2 percent
  • 10. In Fortune magazine’s annual survey of “America’s Most Admired Corporations,” 3M earned a top-10 ranking in 10 of the last 15 years During 1985-2000, 3M also appeared on the Fortune top- three rankings for innovativeness in 1995 3M was awarded the National Medal of Technology, the U.S. government’s top award for innovation Early in 3M’s history, chair and CEO William L. McKnight, long considered to be the company’s “spiritual founder,” introduced policies and philosophies that were considered to be responsible for 3M’s ability to innovate consistently
  • 11. “ Evaluate the policies and philosophies of 3M from the standpoint of helping the company implement its strategy, rooted in innovation? Question?
  • 12.