3M Company Strategy Essay Sample

1 ) How does your company manage scheme?

How does your company manage scheme? Minnesota Mining and Manufacturing. besides known as 3M. is one of the world’s Prime Minister fabrication companies. The 3M Company handles scheme like largely any other concern. The figure one ground people go into a concern is because they want to do as much money as possible. This can be accomplished if they have a strategic attack to it. For illustration. the most of import scheme that 3M utilizations is selling a figure of different merchandises. They do non merely sell one peculiar point. They sell a overplus of utile tapes. adhesives. and other utile merchandises. These different tapes and adhesives can acquire all different types of occupations done. Some of the different types of merchandises are abradants. adhesives. carnal attention. automotive points. bioanalytical. commercial cleansing. electrical. electronic. engineered additives. fire protection. nutrient services. place and office. Marine. matting and paces. personal attention points. professional wellness attention. safety. tapes. and points for touchscreen shows.

3M has a scheme that is particular because they do non hold a rival in most of the merchandises that they sell. This makes them a alone human dynamo of a concern. When it comes to all of the different merchandises that they offer. it is hard for any of their rivals to catch up to 3M’s new and advanced merchandises. The company is able to make new merchandises by concentrating on engineerings that have definite competitory advantages and big growing potency. Furthermore. 3M is besides focused on market leading. proficient invention. client focal point. planetary range and employee enterprise. At 3M. employees are required to be originative and advanced. It does non count if you make errors. because sometimes a error can turn into a great success for the company. 3M besides invests 1000000s of dollars into research and development. The company believes if they want to remain in front. they have to invariably invent new merchandises and make uninterrupted betterments to the merchandises they already have.

2 ) What is good about this scheme?

3M’s scheme is an first-class scheme because it is a scheme that is different from any other company. The 3M Company’s scheme is new and advanced. merely like their merchandises. If 3M comes up with a merchandise that is non really successful. they can cut their losingss. travel on and come up with a new and better merchandise. This is a great scheme because it allows the employees to recognize what is needed in their lives or in the company to do their work easier. Not many companies allow their employees to propose new thoughts. and if they do. they seldom listen to their thoughts. 3M is different in this facet. Other companies would make good to detect 3M’s scheme and follow it.

3 ) What is particular about how they do this?

3M is successes because of their advanced solutions to their customers’ jobs. Even though the group of markets they have served and go on to function is highly diverse. they are still able to make good because 3M thinks of markets as clients. and listens to them. Harmonizing to L. D. DeSimone. the former Chairman of the Board and Chief Executive Officer of 3M. the 3M company is committed to fulfilling their clients with superior quality and value ; supplying investors with an attractive return through sustained. high quality growing ; esteeming their societal and physical environment ; and being a company of which employees are proud.

4 ) What is the nucleus idea/walk off message?

The Walk Away Message for 3M’s scheme would be “It is good to be awesome at one thing. but if you are amazing at many things it broadens you as a concern to do more money. ” It is obvious to see that 3M is making a great occupation on being originative and advanced. 3M is successful because it keeps bettering and inventing new merchandises. 3M’s best scheme is their merchandise choice hands down.

5 ) What is the lesson learned from this assignment?

The chief lesson learned from this assignment is that if a company works difficult plenty and listens to all thoughts that their clients. employees. and the populace have. they are likely to go a successful company. Having many new and advanced merchandises and thoughts will take to the success of a company.

Beginnings

hypertext transfer protocol: //www2. Hawaii. edu/~rpeterso/cagauan2. htm

hypertext transfer protocol: //news. 3m. com/press-release/company/3m-outlines-strategy-accelerated-growth-sales-profits-and-cash-flow
hypertext transfer protocol: //solutions. 3m. com/wps/portal/3M/en_US/3M-Careers-NA/Home/Working/Student/StrategicDevelopment/