3m Final Report

Topics: 3M, Minnesota, Scotch Tape Pages: 11 (1900 words) Published: December 6, 2014


Letter of Acknowledgement

I would like to express the deepest appreciation to my instructor Mr. Mudassir Hussain, who has the attitude and the substance of a genius: he continually and convincingly conveyed a spirit of adventure in the regard to research, and an excitement in regard to teaching. Without his guidance and 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
Acknowledgement1
3MIntroduction3
Company History3
Vision Statement4
Mission Statement4
Quick Facts4
SWOT Analysis5
Key Success Factors5
Planning & Controlling6
Motivational & Training Activities7
Human Resource Activities at Ufone8
Suggestions & Conclusion9
Letter Of Transmittal10

3M
The 3M Company, formerly known as the Minnesota Mining and Manufacturing Company, is a U.S. multinational conglomerate corporation based in Maplewood, Minnesota. With $30 billion in sales, 3M employs 84,000 people worldwide, they produce more than 55,000 products, including: adhesives, abrasives, laminates, passive fire protection, dental products, electronic materials, medical products, car-care products (sun films, polish, wax, car shampoo, treatment for the exterior, interior and the under chassis rust protection) 3M products are available for purchase through distributors and retailers in more than 196 countries. History:

Five businessmen founded 3M in Two Harbors, Minnesota, in 1902. Originally a mining venture, the goal was to mine corundum, but this failed because the mine's mineral holdings were anorthosite, which had no commercial value. Co-founder John Dwan solicited funds in exchange for stock and Edgar Ober and Lucius Ordway took over the company in 1905. The company moved to Duluth and began research and producing sandpaper products. William L. McKnight, later a key executive, joined the company in 1907, and A. G. Bush joined in 1909. 3M finally became financially stable in 1916 and was be able to pay dividends. The company moved to St. Paul, where it remained for 52 years before outgrowing the campus and moving to its current headquarters at 3M Centre in Maplewood, Minnesota. The new Maplewood campus is 475 acres (1.92 km2) and has over 50 buildings, including an Innovation Center that displays products 3M has taken to market. The company began by mining stone from quarries for use in grinding wheels. Struggling with quality and marketing of its products, management supported its workers to innovate and develop new products, which became its core business. Twelve years after its inception, 3M developed its first exclusive product: Three-M-ite cloth. Other innovations in this era included masking tape, waterproof sandpaper, and Scotch brand tapes. By 1929 3M made its first moves toward international expansion by forming Durex to conduct business in Europe. The same year, the company’s stock was first traded over the counter and in 1946 listed on the New York Stock Exchange (NYSE). The company is currently a component of the Dow Jones Industrial Average and of the S&P 500. 3M VISION

3M Technology Advancing Every Company
3M Products Enhancing Every Home
3M Innovation Improving Every Life
MISSION STATEMENT
"3M is committed to actively contributing to sustainable development through environmental protection, social responsibility and economic progress." 3M Quick Facts:
Founded: Two Harbors, Minnesota, United States (1902)
Founder(s): Dr. Danley Budd, Henry Bryan, Hermon Cable, John Dwan, William McGonagle Headquarters: St. Paul (Maplewood), Minnesota, U.S.
Area served: Worldwide (65 countries)
Key people: Inge G. Thulin...
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