Preview

Dbk Direct Sales

Powerful Essays
Open Document
Open Document
2378 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Dbk Direct Sales
3M India Ltd.

1. Introduction 2. About the company 3M India is a diversified technology company known for its innovation in its offering to its customers and communities. Its parent company 3M provides its offerings to the world over through their world class manufacturing facilities situated throughout the globe. The company’s objective is to make the life of its customers easier and better. Vision 3M Technology advancing every company 3M Products enhancing every home 3M Innovation improving every life 3M India was born on 1988 as Birla 3M Limited. The name of the company was changed to 3M India Limited in Dec 2002. 3M in India has manufacturing facilities at Bangalore, Ahmedabad, Pune & Pondicherry with more than 1800 employees. For the Financial year ended March'11, 3M India posted a net sales of Rs. 1176 crores with net profits of Rs.99 crores The 3M technology solutions expertise has been tried and tested for performance, safety, value & productivity in markets that include Aerospace, Railways, Highways, Defense, Security, Mining, Health, Oil & Gas, Telecom and Marine in India and across the globe. 3M's wide product portfolio is backed by the guarantee of innovation and performance that has made 3M popular with millions all over the world. Today, 3M has over a 100 year track record of being one of the most innovative corporations worldwide. Fact is, half the world's population today enjoys experiencing at least one of 3M's 50,000 products, either directly or indirectly, every day. So when you choose 3M, you can rest assured that you have chosen a company that pursues international standards of quality, reliability and consistency in every product & service detail, providing customer value like never before[i]. 3. Products offered in India 3M India has built an exhaustive list of satisfied customers and a reputation for unmatched quality with over 6000 diverse products serving the

You May Also Find These Documents Helpful

  • Better Essays

    Finc 235

    • 872 Words
    • 4 Pages

    3M, Inc. was founded in 1902 at the Lake Superior town of Two Harbors, Minn. Five businessmen set out to mine a mineral deposit for grinding-wheel abrasives. But the deposits proved to be of little value, and the new Minnesota Mining and Manufacturing Co. quickly moved to nearby Duluth to focus on sandpaper products. The five industrious and tenacious northern Minnesota businessmen with diverse occupations founded 3M. They financed the company to mine mineral for grinding wheel abrasives. Like many others in the early 1900s, 3M's founders incorporated first and investigated later (3M Company History). The company had many struggles throughout its journey, but also had many great strides along the way. In 1920, they created the world’s first waterproof sand paper, in the early 1940s, 3M was diverted into defense materials for World War II which was something the company was not used to be involved in (3M Company History). One of 3M’s most famous things they are known for are the post-it notes and they were introduced in the 1980’s. In the 1990s, sales reached the $15 billion mark, while this 3M continued to develop an array of innovative products, in 2004, sales topped $20 billion for the first time, with innovative new products contributing significantly to growth (3M Company History).…

    • 872 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    3M refer to themselves as a global Innovation Company. They have five major departments that they specialize in consumer, electronics and energies, health care, industry, and safety and graphics. As a whole the company dates back to 1902, however they have only had there foot in the medical field since the 1980’s. They have a global sales of $30 billion last year reinvesting 1.5 billion of that to research and development. They have three CACS programs available for implementation with a…

    • 979 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    Sustainability at 3M

    • 339 Words
    • 2 Pages

    3M is a global innovation company that never stops inventing. Over the years, our innovations have improved daily life for hundreds of millions of people all over the world. We have made driving at night easier, made buildings safer, and made consumer electronics lighter, less energy-intensive and less harmful to the environment. We even helped put a man on the moon. Every day at 3M, one idea always leads to the next, igniting momentum to make progress possible around the world. 3M captures the spark of new ideas and transforms them into thousands of ingenious products. Our culture of creative collaboration inspires a never-ending stream of powerful technologies that make life better. With $30 billion in sales, 3M employs 88,000 people worldwide and has operations in more than 70 countries…

    • 339 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    A) The biggest special advantage 3M had was that there was no other product on the market like it. This alongside the market research they had already done showed a need for the product.…

    • 386 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    3m Case Study

    • 409 Words
    • 1 Page

    culture makes 3M the powerful corporate beast that it is . Effective decision making is very…

    • 409 Words
    • 1 Page
    Good Essays
  • Powerful Essays

    3M research paper

    • 2821 Words
    • 9 Pages

    References: Johnson, L. (2013, November 5). Interview by Alex Tschida, phone interview. Staffing practices of 3M, St. Paul, MN…

    • 2821 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    3m Case Study

    • 656 Words
    • 3 Pages

    The key to institutionalizing innovation at 3M has been the principle of “patient money.” The basic idea is that producing revolutionary new products requires substantial long-term investments, and often repeated failure, before a major payoff occurs. Another key component of 3M’s innovative culture has been an emphasis on duel career tracks. Right from its early days, many of the key players in 3M’s history, people like Richard Drew, chose to staying research, turning down opportunities to go into the management side of the business. Although 3M’s innovative culture emphasizes the role of technical employees in producing innovations, the company also has a strong tradition of emphasizing that new product ideas often come from watching customers at work.…

    • 656 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Country Analysis- India

    • 2413 Words
    • 10 Pages

    "Manufacturing Sector in India." , Manufacturing Industry, Indian Industries. India Brand Equity Foundation, Sept. 2013. Web. 11 Oct. 2013.…

    • 2413 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    3m Business Analysis

    • 2660 Words
    • 11 Pages

    strategies 3M is using to adapt to the those economic trends, it is necessary to understand what…

    • 2660 Words
    • 11 Pages
    Better Essays
  • Powerful Essays

    思考唐诗与西域

    • 2771 Words
    • 12 Pages

    Press Release, dated as of October 24, 2013, of 3M Company (furnished pursuant to Item 2.02 hereof)…

    • 2771 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Devry Sbe 330 Case # 2

    • 801 Words
    • 4 Pages

    3M has been making use of the technologies like the high vacuum thin films, the biotechnology, the superconductivity, the membranes and also the artificial intelligence. Those technologies are being underpinning products which company may develop and also manufactures. This is of immense importance for note that whereas company is the technology intensive which provides company with competitive benefits for competing with their rivals; it is not single-minded; this is a technology push approach towards innovation. Role of marketplace and the users are playing important role in the development of the product. For instance, 3M’s renowned Scotch tape had been manufactured strictly as the industrial products, till the salesman got an idea about packaging that in clear plastic…

    • 801 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Direct Marketing

    • 1214 Words
    • 5 Pages

    Direct Marketing consists of connecting directly with carefully targeted consumers, often on a one-to-one, interactive basis. Using detailed databases, companies tailor their marketing offers and communications to the needs of narrowly defined segments or individual buyers. Beyond brand and relationship building, direct marketers usually seek a direct, immediate and measurable consumer response.…

    • 1214 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    anticipate where this industry is going, and to be at the forefront of changing the products.…

    • 8279 Words
    • 45 Pages
    Powerful Essays
  • Good Essays

    3M has been known for decades as an entrepreneurial company that pursues growth through innovation. It generates a quarter of its annual revenues from products less than five years old. 3M started life as the Minnesota Mining and Manufacturing Company back in 1902. Its most successful product - flexible sandpaper - still forms an important part of its product line but this now comprises of over 60000 products that range from adhesive tapes to office supplies, medical supplies and equipment to traffic and safety signs, magnetic tapes and CDs to electrical equipment. Originally innovation was encouraged informally by the founders, but over more than a century some of these rules have been formalised. But most important of all there has built up a culture which encourages innovation. And because this culture has built up a history of success, it perpetuates itself.…

    • 553 Words
    • 3 Pages
    Good Essays
  • Good Essays

    3M has an impressive performance when it comes to developing new products. 3M hires good hardworking people and puts trust in them; this brings about innovation and excellent performance. 3M ensured that developing new products is much higher on the agenda in management meetings than in other companies. Moreover, the success of the approach is due to the continual reinforcement of its objectives. 3M has concentrated the internal development of new products in a variety of different industries. 3M manufacture over 60,000 products; they have operations in 61 countries and have achieved an n average year-on-year growth in sales of 10 percent. New products that are less than 4 years old represent Thirty Percent of 3M’s sales.…

    • 789 Words
    • 4 Pages
    Good Essays