3M

By: Sonali Mandal(11030141016) Neha Rahman(11030141039)

WHO ARE WE: Minnesota Mining and Manufacturing also known

as 3M is an American multinational conglomerate corporation based in Maplewood, Minnesota United States. The business was built on the idea of mining a mineral deposit that was used as an abrasive. Founded in 1902 by five business men. Over 100 years, and we operate in more than 60 countries. With over 80,000 employees, and produce more than 55,000 products,

ORGANIZATION
More than 35 business units, organized into six businesses. .

We have 35 laboratories all over the world

TECHNOLOGY
We are working on 45 technology platforms Adhesives Abrasives Light Management Microreplication Nonwoven Materials Nanotechnology Surface Modification We have more than 7300 researchers worldwide.

BUSINESS CONDUCT
We believe in uncompromising honesty and

integrity. 3M's reputation is rooted in our corporate culture and embodied in our Business Conduct Policies, the code of conduct we first introduced in 1988. Today's policies embody the same spirit of integrity that has always been at the core of our company; they define what legal and ethical conduct means in everything we do.

SUSTAINABILITY
3M is guided by three strategic principles that

makes them sustainability implicit in everything they do:

Economic Success Environmental Stewardship Social Responsibility

Sustainability at 3M grew from a commitment to

both innovation and ethical conduct

OPERATING IN A GLOBAL MARKETPLACE

As 3M is a U.S. company, many U.S. laws apply

to our business operations around the world. At the same time, 3M is subject to laws in the various countries in which we do business. Policies include:
Anti-bribery policy Antitrust and Competition Law Policy Export, Import and Trade Compliance Policy

STRENGTHS AND OPPORTUNITIES

Diversified businesses Business growth Employee engagement Strong research and development capability Diversified geographic presence Solid revenue & profit growth

Acquisitions in key operating areas Continued global expansion Rising healthcare spending in the US Security concerns with weaker economy in the US could present opportunities for 3M's security business Markets similar to areas it is currently in, such as renewable energy, water infrastructure, architecture, and lighting.

WEAKNESSES AND THREATS

Low inventory turnover ratio.

Weaker than expected performance in key

segments Lack of synergy between business units

Rising commodity and energy prices Exchange rates fluctuations Environmental regulations Consumer preferences and competitive

conditions

JOINT VENTURES
IN 2011 IBM And 3M Announce Joint Venture To Create 3D Towers Out Of Silicon Chips Quanta and 3M announce joint venture on multitouch solutions SUCCESSFUL JOINT VENTURES

CORPORATE RESPONSIBILITY
We are committed to sustainable development

through a proactive approach to environmental protection, social responsibility and strong economic progress. The importance of environmental sustainability to 3M is demonstrated by its successful 3P (pollution prevention pays) program that was established 30 years ago.

Conclusion
3Ms success begins with their ability to apply their

technologies - often in combination - to an endless array of real-world customer needs. Of course, all of this is made possible by the people of 3M and their singular commitment to make life easier and better for people around the world. At 3M, we are committed to satisfying our customers with superior quality and value; providing investors with an attractive return through sustained, high quality growth; respecting our social and physical environment; and being a company of which employees are proud. -L. D. DeSimone, former Chairman of the Board and Chief Executive Officer, 3M