3m Case Study
Case study
« Minnesota Mining and Manufacturing Minn » CONTENTS
I. Presentation of the company
1. Brief history
2. Description of the Businesses/products
3. Influence made by the different types of environment
II. SWOT analysis
III. Organizational focus:
1. Organizational structure
2. Type of structure in relation with the type of business
IV. Brief Financial analysis and trends (3 years):
1. Liquidity
2. Equity
3. Debt ratios
4. Profitability ratios 3M Company was founded in 1902 by five businessmen, a lawyer, a doctor, two railroad executives and a butcher. The first headquarter was in the Lake Superior town of Two Harbors. Its completed name is Minnesota Mining and Manufacturing Minn. The company grew up in 110 years.
Today the company has its headquarter in Maplewood, Minnesota. This huge company counts 80 057 employees worldwide, has 132 plants and sales offices in over 200 countries. Its worldwide sales are over 20$ billion: 26,662$ billion in 2010.3M is one of the 30 companies included in the Dow Jones Industrial Average.
In this case, we will analyze the 3M Company. To do it we divided the analysis in 4 parts: First we will present the company, its history and its products/businesses; in a second part we will focus on the marketing of the company; then we will study its organization and finally we will make a 3 years financial analysis.
I. Presentation of the company
1) Brief history
In 1902, at the creation, the original aim of 3M’s founders was to sell the mineral corundum to manufactures in the East for making grinding wheels. The problem was that they sold the worthless mineral anorthosite instead of corundum. After this fail, they tried to make sandpaper with the anorthosite, but this was not a big success. In 1910, the founders decided to import better minerals like Spanish garnet and the sales of sandpaper grew.
In 1921 the company introduced the first waterproof sandpaper, which reduced airborne dusts during automotive
« Minnesota Mining and Manufacturing Minn » CONTENTS
I. Presentation of the company
1. Brief history
2. Description of the Businesses/products
3. Influence made by the different types of environment
II. SWOT analysis
III. Organizational focus:
1. Organizational structure
2. Type of structure in relation with the type of business
IV. Brief Financial analysis and trends (3 years):
1. Liquidity
2. Equity
3. Debt ratios
4. Profitability ratios 3M Company was founded in 1902 by five businessmen, a lawyer, a doctor, two railroad executives and a butcher. The first headquarter was in the Lake Superior town of Two Harbors. Its completed name is Minnesota Mining and Manufacturing Minn. The company grew up in 110 years.
Today the company has its headquarter in Maplewood, Minnesota. This huge company counts 80 057 employees worldwide, has 132 plants and sales offices in over 200 countries. Its worldwide sales are over 20$ billion: 26,662$ billion in 2010.3M is one of the 30 companies included in the Dow Jones Industrial Average.
In this case, we will analyze the 3M Company. To do it we divided the analysis in 4 parts: First we will present the company, its history and its products/businesses; in a second part we will focus on the marketing of the company; then we will study its organization and finally we will make a 3 years financial analysis.
I. Presentation of the company
1) Brief history
In 1902, at the creation, the original aim of 3M’s founders was to sell the mineral corundum to manufactures in the East for making grinding wheels. The problem was that they sold the worthless mineral anorthosite instead of corundum. After this fail, they tried to make sandpaper with the anorthosite, but this was not a big success. In 1910, the founders decided to import better minerals like Spanish garnet and the sales of sandpaper grew.
In 1921 the company introduced the first waterproof sandpaper, which reduced airborne dusts during automotive