2. About the company One of the great examples of success through change and innovation Scotch tape and Post-it note : Two main products innovations James Mc.Nerney appointed as CEO of 3M

4. Key Issues Increasing input cost Slow growth rate

6. Specialty material

7. Industrial products

8. Consumer and office products

9. Electro and communication products

11. Shifting some production overseas

12. Centralizing the purchasing process

15. ALREADY STATED FACTS 3M One of the great examples of success through change and innovation Scotch tape and post it : Two main product innovations

16. MOVEMENT Managers asked to change and determine early in development process Company was asked to build plant for a new product after analyzing its demand in the Marketplace Change approach towards “yes or no” of the production

17. REFREEZING Abolishment of seniority based compensation plan in favor of merit based structure Pay and promotions to outstanding Employees and Managers Leadership development school

18. CONCLUSIONS Broad categorizing of products increased market peneteration Cost cutting saved $6oo million from 3Ms expenses Company’s internal inefficiency and quality improved : Gave a sizeable boost to 3M

19. THANK YOU Hitesh Bhardwaj Robin Bansal Isha Sharma PriyankaRawat DeeptiBhardwaj