3M is a Maplewood, Minnesota based company. Previously it was named Minnesota Mining and Manufacturing. 3M is an international science based company that develops new technologies to solve real world problems encountered by people and businesses every day. This Fortune 500 Company employs more than 80,000 employees in 28 states and 65 countries with the majority of the employees outside the United States of America.
3M is broken down into 6 business divisions: Consumer and Office, Display and Graphics, Electro and Communications, Health Care, Industrial and Transportation, and Safety, Security and Protection. These six divisions produce some 55,000 different products to solve problems ranging from modern day adhesives used to bond body panels on vehicles to nanotechnology in medical applications. This modern day science lab is one of the most successful manufacturing companies ever. 3M believes that the best way to grow and develop a business is to reinvest in itself, develop emerging business ideas, acquire businesses in fast growing industries, and believe in their employee’s decisions, dreams and ideas.
3M Motivation and Rewards
3M prides itself on its ability to motivate by empowering people to be a more knowledgeable employee and citizen. By empowering employees to take leadership classes and keep learning a priority within their careers at 3M, this inspires a culture that accepts and motivates everyone to be at their best. 3M is an organization that is considered ahead of the rest when it comes to rewarding employees. 3M considers extrinsic rewards, on an individual level, a distraction to their employees and likes to focus more on intrinsic rewards such as peer recognition to motivate their employees, which in turn promotes group interaction. “3M wants to avoid employees hoarding new ideas and failing to collaborate.” (Leavitt 2002) 3M employees share ideas for peer recognition, this recognition includes... [continues]
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