3M Business Analysis III Steve Phelps MGT/521 April 23‚ 2012 3M Business Analysis III To answer the question of how current economic trends are affecting 3M and what strategies 3M is using to adapt to the those economic trends‚ it is necessary to understand what the current state of the United States economy is‚ then define what economic trends exist. The Economy The best ways to understand what encompasses the economy in the United States is to first
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CASE #4: 3M Canada: Industrial Business Division PROBLEM RECOGNITION * The target is to increase growth rate from 3-5% to 12-15% in 18 months * OEM market is mature with limited prospects of expansion * Ultimately shifting overall focus from OEM market to MRO market * High unfamiliarity and low exposure to the MRO market * IBD’s share of distributor sales was 2% of distributors’ revenue * Transitioning focus from Special and Niche accounts to Large National accounts
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The company 3M is a diverse company that was incorporated on June 25‚ 1929 with presence in more than 10 industries alone. “3M products are sold through a number of distribution channels‚ including directly to users and through wholesalers‚ retailers‚ jobbers‚ distributors and dealers in a range of trades in a number of countries worldwide” ("3M Co‚" n.d.‚ para. 1) The company head quarters is located in St. Paul Minnesota‚ however 3M has locations all over the United States. 3M is best known within
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AviTrader MRO March 2011 - www.avitrader.com HEAVY MAINTENANCE It’s a buyer’s market - or is it? Industry News • ILFC is back in the game • Gazpromavia Maintenance • LHT‚ AFI/KLM E&M‚ GAMECO and more analysis: KEEPING YOUR CRJs IN THE AIR Editor‘s Page 2 Heavy maintenance: A buyer’s market or opportunities for all? Welcome to our March issue of AviTrader MRO‚ our ‘Heavy Maintenance Special’. In this issue‚ we have tackled the subject of heavy maintenance and asked
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| | | CONTENTS Question 2 3 Determine 3M’s core competencies and assess if 3M has a sustainable competitive advantage. Support your claim. Question 3 9 Critically evaluate the success of 3M’s strategies (acquisition included) in 2006‚ from both a strategic and financial perspective. Question 4
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talents‚ initiative and leadership * Earn the admiration of all those associated with 3M worldwide Business Strategy in 3M In order to motivate the employees and in order to increase the speed with which they were working‚ certain decisions had to be taken which were made strategic objectives and they had to be achieved by adhering to those rules. Thus business level decisions were taken. a) 15% rule – At 3M‚ innovation is a must. It is a compulsory strategy. There are certain scenarios where
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product specialization in tapes and adhesives are 50%-60% division turnover and abrasives are 40%-50% ■ Access to experience and knowledge pool of the worldwide organization and profiting from close connection in the marketing strategies of over 50 divisions in 3M ■ Natural fit with the culture of the Special and Niche categories ■ Groomed employees grow and develop to become product experts Weakness ■ IBD had not concentrated on the MRO segment because it was fragmented with slight brand loyalty
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Topic: How 3M draws up sales and spending forecasts? Questions: 1. Sketch out the 3M organization structure from the board of directors to the production foreman as best as you can from the information in the article Management committee (President‚ seven group vice presidents and nine vice presidents of staff departments) Controller Groups of divisions (Group vice presidents and Group head) Divisions (General managers) Departments (Department managers) Top aides Foreman 2. How many
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of Western Sydney International Business- 500004 Individual Research Paper 3M Prepared for: TC Sydney Graduate School of Management By: Surbhi Suri: 16453584 Submitted On: 09/11/2010 EXECUTIVE SUMMARY 3M is a multinational company with branches operating all over the globe. 3M is looking to grow in the new markets for its long term strategy‚ and decided to service China‚ India‚ and Singapore. 3M expansion in the international markets and business strategy is build around its core
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Submitted by: Group 1 Alok Aswathy Ashwini Nayanshree Sai Sujeetha Shivani INTRODUCTION The 3M Company‚ formerly known as the Minnesota Mining and Manufacturing Company‚ is an American multinational conglomerate corporation based in St. Paul‚ Minnesota. 3M headquarters are in the St. Paul suburb of Maplewood‚ Minnesota. 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
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