Project describing the R&D strategies of 3M and Pall corporation. A financial study of the company was performed and results for the same were shown. Various innovation strategies were researched and new product development methodologies for both the firms were contrasted..

1. Submitted to: Prof. Deb Bryan Submitted by: Ashwin Urdhwareshe
Student ID: 0998469

2.  The process that involves many individuals,
capabilities & resources.

3.  This is the most crucial phase in the internal
innovation strategy. The model for development is
built on this phase.
 The vision, mission statement, goals & objectives
should be clear.

4.  Incorporates the internal innovation successfully.
 3Ms center quality is applying its more than 40
particular innovation stages frequently in blend to a
wide exhibit of client needs.
 Follows NPVI for new product development and
innovation.
 Spends heavily on R&D.
 Technology oriented and driven.

5.  Follows internal innovation and emphasis on actual
data and facts before going for an innovation.
 Follows QFD for new product development process.
 Has developed Centers for Excellence and Culture of
Innovation in the organization which emphasizes on
R&D and also on promoting new innovation and
ideas.

6. 3M PALL
Encourage creativity for innovation Rely on proper market analysis showing
facts & figures for innovation.
They focused on Portfolio Management,
R&D and business transformation for
getting higher profits
They focused on Pall Enterprise System
(PES) which aimed on global operation on
single ERP for profits in the market. (CoE)
and (CoI)
Implied disruptive technology for growth.
Use NPVI for internal innovation
Developed Center of Innovation for
growth. Use QFD for new product
manufacturing.

7.  The sales which the company made were its all-time
high; $32 billion and they returned $7.9 billion to
their shareholders.
 The company's earnings-per share went up to $7.49
in this year

8. $0.00
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
2008 2009 2010 2011 2012 2013 2014
Earning Per-share $
Earning Per-
share $
Figure 5: Earnings per share in $

9. 0
5
10
15
20
25
30
35
2008 2009 2010 2011 2012 2013 2014
Net Sales ($ in billion)
$ in billion
Figure 6: Net Sales (billions)

10.  The firm developed a new Center of Excellence
which is highly focused on R&D for their product
development
 The capital expenditures improved by 32% and the
net sales went to $2,789.2 million.

11. Sales by Region
America 32%
Asia 27%
Europe 41%
Figure 6: Sales by Region ( $ in Million)

12.  On analyzing the two organizations it is understood that both
the firms focus on their R&D and they spend significantly for
making of new product.
 Also, these firms perform the market research and understand
their customers on what kind of product do they need.

13.  In my opinion, every organization as its different way
for innovation and development.
 While doing the research it was understood that
investing on R&D is very essential but smart
investing is necessary which 3M does.
 The financial reports gave us a clear picture about the
company and proved it to be third on the list of
innovating companies in the world.

14.  Internal Innovation provides greater control process.
 It gives a much better understanding of the
technology.
 It has the ability to develop next level technology that
can make great profit for any company.
 Innovation is the next big thing in today's
technological era and the planning for innovation is
more important for any new product to come into
market and make profit for the company.