persistent help this dissertation would not have been possible. I would like to thank Mr.Tabish Ahmed Hashmi‚ Senior Supply Chain Manager at 3M Pakistan who provided us with the required information to complete our research report on 3M. In addition‚ I would like to thank my institute PAF-KIET for providing us such a platform to complete our management project on 3M. Which increased our knowledge regarding management. Contents Acknowledgement 1 3MIntroduction 3 Company History 3 Vision Statement
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3M Introduction to Business Profile An ever-growing‚ innovative company‚ 3M is considered to be a science-based‚ multinational company which develops and manufactures over 55‚000 products. 3M was originally founded in 1902 by Henry S. Bryan‚ Herman W. Cable‚ John Dwan‚ William A. McGonagle and Dr. J. Danley Budd. It was originally called the “Minnesota Mining and Manufacturing Company” (hence the ticker symbol “MMM”). The company’s headquarters is located in Maplewood‚ Minnesota. 3M
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Executive Summary 3M Singapore controls many market leading brands in their various markets‚ such as Post-It®‚ Scotch® Tapes‚ Scotch-Brite® and Command™. In this report‚ we will be focusing on the brand – Command™. We aim to address the problem of the erosion of Command™’s competitive advantage in its increasingly competitive industry by providing improved/new BTL strategies which Command can undertake. Based on our survey‚ there are 2 interesting findings which we aim to tackle through our recommendations
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Art Fry was in search of a bookmark for his church hymnal that would neither fall out nor damage the hymnal. Fry noticed that a colleague at 3M®‚ Dr. Spencer Silver‚ had developed an adhesive that was strong enough to stick to surfaces‚ but left no residue after removal and could be repositioned. Fry took some of Dr. Silver’s adhesive and applied it along the edge of a piece of paper. The
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Competency Model for HR Professionals Business Partner Oriented Mission HR Expert Knows HR Principles Strategic Planner Customer Oriented Systems Innovator Applies Business Procedures Understands Team Behavior Manages Resources Change Agent Uses HR Tools Manages Change Consults Leader Analyzes Ethical Takes Risks Uses Coalition Skills Ethical Decisive Develops Staff Creates Trust NAPA Influences Others Advocate Values Diversity Resolves
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3M Optical Systems: Case Brief As Andy Wong‚ how would you handle the authorization for expenditure for the re-launch of the privacy screen? As Andy Wong‚ I would take the proposal to one of my senior-level mentors for support. The OS unit has already tried and failed three times with the microlouvered filter and high level support would benefit both Wong and Guehler in this case. If Guehler sees that other areas of 3M are in support of the authorization for expenditure‚ then he will not have
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Case: Innovation at 3M Corporation What had been 3M’s traditional approach to innovation? Product developers at 3M generally relied on more traditional methods of seeking marketing input. They collect data from sales representatives‚ focus groups‚ customer evaluations‚ site visits‚ and data on risk factors for diseases. Product developers mainly focused on finding new angel or twist on early trends and basically didn’t have direct access to customers. In 3M‚ Sales representatives contacted with
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emerged over time? 3M goes back to 1902 when five Minnesota businessmen established the Minnesota Mining and Manufacturing Co. to mine a mineral that they thought was corundum‚ which is ideal for making sandpaper. The mineral‚ however‚ turned out to be low-grade anorthosite‚ nowhere near as suitable for making sandpaper‚ and the company nearly failed. To try and salvage the business‚ 3M turned to making the sandpaper itself using materials purchased from another source. In 1907‚ 3M hired a twenty-year-old
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3M Case Study 1. Classify the Greptile Grip golf glove by the two methods discussed in the class. Identify what kind of product the Greptile Grip golf glove best belongs to. Explain why. I would have to say the Greptile Grip golf glove best belongs to business goods because it is a product that can directly or indirectly assist in providing products for resale. For instance‚ the glove can assist in the purchase of clubs from 3M or even more of their products if they like it. Gloves are not the
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3M is one of the thirty businesses of the Dow Jones Industrial Average and Standard & Poor’s 500 Index. The company has worldwide sales of $29.6 billion‚ and international sales of $19.6 billion‚ which makes up about 66% of the company’s total sales. After analyzing 3M’s annual balance sheets for the past five financial years‚ we can compare the company’s assets and liabilities and predict its future progress. 3M’s current ratio is positive because its current assets are all higher than that
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