Preview

3m: a Culture Made for Innovation

Powerful Essays
Open Document
Open Document
1344 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
3m: a Culture Made for Innovation
Introduction 3M stands for Minnesota Mining and Manufacturing Co. It was founded by five businessmen in 1902 at the town of Two Harbors, Minn (3M, 2012). They originally financed the company to mine the mineral cornundum for grinding wheel abrasives but the investment became a failure because it turned out that the mineral was actually low-grade anorthosite (Goetz, 2011). After being done with mining, the founders bought a sand paper company but struggled on how to run it. Eventually, Lucius Ordway moved the company to St. Paul where 3M created some successful new inventions such as masking tape and cellophane tape (Goetz, 2011). 3M is known to have one of the most innovative work cultures. Over the years it has developed values and norms that are geared toward innovation. 3M believes its innovative work culture is a huge factor in its success.
3M Values To promote creativity and innovation, 3M has developed cultural values and norms that allow for employees to feel empowered, to experiment, and to take risks in order to come up with new products. Values are standards or guidelines that people use to figure out which types of behaviors, events, situations and outcomes are desirable or undesirable (George & Jones, 2012). Values can be divided into two categories: terminal and instrumental (George & Jones, 2012). A terminal value is defined as a desired end state or outcome that people seek to achieve (George & Jones, 2012). An instrumental value is defined as a desired mode or type of behavior (George & Jones, 2012). Instrumental values are what help an organization achieve its terminal values (George & Jones, 2012). At 3M some very important terminal values are innovativeness, superior quality, sustainability, and customer satisfaction (3M, 2012). In order to fulfill these terminal values, 3M employees are expected to adopt certain instrumental values such as being creative, acting with honesty and integrity, working hard, taking



References: 3M. (2012). History - 3m company information. Retrieved from http://solutions.3m.com/wps/portal/3M/en_US/3M-Company/Information/Resources/History/ Goetz, K. (2011, Feb 01). Fastcompany. Retrieved from http://www.fastcodesign.com/1663137/how-3m-gave-everyone-days-off-and-created-an-innovation-dynamo 3M. (2012). Who We Are. Retrieved from http://solutions.3m.com/wps/portal/3M/en_US/3M-Company/Information/AboutUs/WhoWeAre/ 3M. (2012). Our People. Retrieved from http://solutions.3mae.ae/wps/portal/3M/en_AE/3MCareers/Home/WorkingAt3M/Four/ George, J.M., & Jones, G.R. (2012). Understanding and managing organizational behavior. Upper Saddle River, NJ: Pearson Prentice Hall.

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
  • Good Essays

    Case Study

    • 951 Words
    • 4 Pages

    References: Borisova, L. (2009). Values as a Managerial Tool. Management of Organizations: Systematic Research, (52), 7-19. Retrieved from Business Source Complete database.…

    • 951 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Revolution

    • 1570 Words
    • 7 Pages

    Gary Hamel mentioned in the article that there are three kinds of companies in any given industry; the rule makers, rule takers and rule breakers. In this article is more specifically base on rule breakers; which tend to gear towards being out of the ordinary different and often become revolutionaries in their field (Prahalad and Hamel ,1990). Thus, as a revolutionary to their field company or person Hamel (1998) states every organization must apply innovation on their own way and instil the culture of a way of thinking innovative and thus, aligning to the corporation’s core competences and culture Shieh (2011).…

    • 1570 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    * Entrepreneurial Culture fostered innovative thinking across the company and several promising initiatives were at various stages of development (from re-design to development of new systems).…

    • 1489 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    1. What is it about the Gore organizational culture that keeps it a leader in innovation and creativity?…

    • 540 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Values are enduring beliefs and are strongly influenced by cultures, societies, and organizations. Instrumental values reflect the means to achieving goals; terminal values represent the goals to be acheived. Several factors influence an individual's values. There are primary diversity factors like age, gender, physical attributes, race and ethnicity. There are also secondary diversity factors like career stage, marital status, educational background, religious belief and work experience.…

    • 374 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Case Study 3m

    • 2642 Words
    • 11 Pages

    3M Company, the Minnesota Mining and Manufacturing Company, was founded in 1902 by five businessmen. They wanted to make a profit out of minerals for grinding wheel abrasives, but this failed to really take off. Their real success lay in the encouragement towards innovative employees, which resulted in several exclusive products such as waterproof sandpaper and masking tape. The search for new products and innovations became their core business from then on. Despite several failures in the first years 3M continued growing and coming up with new innovative products such as the now famous Scotch tape. In 1929 3M went international as well as traded their first stock and in 1949 they became listed on the New York Stock Exchange [3M Timeline]. By the 1950s it had international sales amounting to $20 million. In 1960 and 1970 it kept growing and released a line of board games which was very successful. They also produced their only traffic signal around this time, one that is still being used today. In the late 1970s the company was involved in some of the first digital audio recordings and in the 1980s it invented the Post-it notes [Haeg 2002]. The company is still growing today and now has over 130 factories employing some 67.000 people. Its international sales increased tenfold since 1950, now amounting to a staggering $22 billion [3M Press Release 2006]. 3M is currently working on focusing on its core businesses and they intend to sell some of their product lines. Their current business model focuses on “the ability to not only develop unique products, but also to manufacture them efficiently and consistently around the…

    • 2642 Words
    • 11 Pages
    Best Essays
  • Good Essays

    3m Case Study

    • 656 Words
    • 3 Pages

    1-What are the roots of 3M’s culture of entrepreneurship and innovation? What were the key tenets of this culture as they emerged over time?…

    • 656 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Microsoft Marketing Plan

    • 2288 Words
    • 10 Pages

    As a company, and as individuals, we value integrity, honesty, openness, personal excellence, constructive self-criticism, continual self-improvement, and mutual respect. We are committed to our customers and partners and have a passion for technology.…

    • 2288 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Some of their values are authenticity, responsibility, innovation, dedication and social care and responsibility. They are committed with the honesty, integrity and right things done, taking care of the business and its future, also committed with the value of ideas and especially with the respect and care of the citizens and communities where they live and work.…

    • 709 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    | * Innovation * Intellectual excellence * Client driven: “That is what gets us the first call when a client has a problem that needs a solution and the last call after he has surveyed the competition.” * Value diverse perspectives: “A corporate culture that is open and inclusive is fundamental to our role as a global leader constantly striving for excellence in all that we do.”…

    • 2092 Words
    • 9 Pages
    Better Essays
  • Powerful Essays

    Values in Leadership

    • 2679 Words
    • 11 Pages

    Abstract: For a very long time, Values have been considered extremely important in the basic functioning of the organization – to explain the action in and around organizations. The formation of organizational values takes place within the sphere of influence of external and internal forces, and therefore, a combination of several important determinants should be taken into account in order to understand the rationale behind the values held by organizations.…

    • 2679 Words
    • 11 Pages
    Powerful Essays
  • Satisfactory Essays

    The organization for which I work captures a culture of learning and reward innovation that promotes resilience and adaptability. Change is so frequent in the technology industry that promoting a culture of change is imperative to keeping the business healthy.…

    • 314 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Blue Line Management

    • 11928 Words
    • 48 Pages

    (1) What is value? (2) Why is it important? (3) If it’s so important, why aren’t managers already doing it? And (4) how can…

    • 11928 Words
    • 48 Pages
    Powerful Essays