1. 3M Pam Hightower Devaughn Jackson Matt Sloan Elitsa Voeva - Kolev

2. 3M - created in 1902 – to make sandpaper First truly innovative product (masking tape) came out of being on site at an auto-shop Break tradition of excess management in the invention process – seed money Reflective Tint Introduce unique aspects of company: 15% rule, Tech forum, Carlton Society, Challenge 81 Great Depression Foreign Policy with Innovation History

3. Functional Strategy 1 2

4. Differentiation- staying on the edge of the Frontier Curve Patient Money Business Strategy Cost Leadership Differentiation

5. Related Diversification- one great product can parent thousands First to use Profit Centers approach for each Business Unit Maintained Centralized R&D, HR, Finance Added Centralized Sales in 1992 Technical Forum of 1951 is used every year to cross pollinate ideas and spur new businesses Corporate Strategy

6. A Progression through the chart 1- International- Export 2- Assess the market Repackage exports to meet economy- Globalization Begin research and manufacturing based on local resources- Localization 3- Transnational- the GOAL Global Strategy Transnational Globalization Pressure for price responsiveness Localization International Pressure for local responsiveness

7. MAIN INDUSTRY New Technology Development 6 SUB INDUSTRIES: Health Care Industrial and Transportation Display and Graphics Consumer and Office Electro and Communications Safety, Security, and Protection services Business Description

9. Main Industry: LOW

10. Sub industries: MODERATE

11. THREAT OF NEW ENTRANTS

12. Main Industry: LOW

13. Capital Intensive

14. Sub Industries:HIGH

16. Porter’s 5 Forces THREAT OF RIVALS Rivalry is based on: New Product Development Commercialization Competitors Honeywell General Electric DuPont Johnson & Johnson Main Industry: LOW Sub Industries: HIGH

17. SWOT Analysis

18. How to increase Shareholder’s Value? Alternative #1- Increase brand recognition through intensive marketing. Alternative #2- Continue to increase global their global presence; invest heavily into emerging markets. We recommend that 3M choice Alternative #2 Recommendations

19. Reasons for Alternative #2 Excellent Growth Opportunities 3M has Internal Strengths; which will help ensure success Management, Employees, and work culture Distinctive Competences Research and Development Customer Responsiveness Pathfinder and Acceleration Programs

20. Questions