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3M - Innovation

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Harnoor Singh
Harnoor Singh

3M was founded in 1902 by five businessmen in Minnesota as a mining company but later began producing sandpaper. It has since grown into a diversified technology company with operations in over 65 countries. 3M has six business segments including industrial, healthcare, consumer, safety, display & graphics, and electro & communication. It has strong research and development capabilities and sells over 7,000 products worldwide.

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Harnoor Singh PRN: 14030141064
FOUNDERS:-  Henry S. BryanHermon  W. CableJohn Dwan  William A. McGonagle  Dr. J. Danley Budd HEADQUARTERS:- Maplewood, MN, US 3M Company (3M-Minnesota Mining and Manufacturing Company) is a diversified technology company.
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 mine's mineral holdings were anorthosite, which had no commercial value. Co-founder John Dwan solicited funds in exchange for stock and Edgar Ober and Lucius Ordway took over the company in 1905. The company moved to Duluth and began research and producing sandpaper products. William L. McKnight, later a key executive, joined the company in 1907, and A. G. Bush joined in 1909. 3M finally became financially stable in 1916 and was be able to pay dividends.
3M - Innovation
3M - Innovation
 Industrial and Transportation  Healthcare  Consumer and Office  Safety, Security and Protection Services  Display and Graphics  Electro and Communication Businesses
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.
 In April 2012, it acquired CodeRyte Inc.  In September 2012, it acquired the business of Federal Signal Technologies Group (FSTech) from Federal Signal Corporation.  On November 28, 2012, the Company acquired Ceradyne, Inc.  In April 2014, the Company acquired Treo Solutions.
 3M India Limited, the Indian subsidiary of 3M Corporation was established in 1988. 3M has been a steadfast partner in India’s progress for over 25 years, committed to solving problems unique to the Indian customer. The Managing Director at 3M India is Mr. Amit Laroya.  3M Electro & Communications India Pvt. Ltd. is a privately owned subsidiary of 3M Corporation. Together, these two companies market over 7,000 products in India with leading positions in health care, industrial, retail, construction, transportation, energy, utilities, mining, general office and home. In India, the magic of 3M innovation takes places at our R&D centers, situated at Bengaluru and Gurgaon, NCR (National Capital Region). Our manufacturing facilities in India are at Bengaluru, Pimpri (Pune), Ranjangaon (Pune), Ahmedabad & Pondicherry.
3M - Innovation
 Diversified businesses - industrial and transportation, healthcare, display and graphics, consumer and office, safety, security and protection services, and electro and communications.  Strong research and development capability  Diversified geographic presence  Solid revenue & profit growth  solving and delivering unique solutions for original equipment manufacturers (OEM) and mass channel customers. In addition, technologies such as adhesives, materials science, light management; micro replication and nonwoven materials; and its ability to not only develop unique products, but also to manufacture them efficiently and consistently around the world
 Low inventory turnover which impacts inventories and margins Weaker than expected performance in key segments  Not as nimble as smaller, more focused competitors  Lack of synergy between business units  Lot of data or virtual warehousing of data is not being well integrated.
 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.
 Rising commodity and energy prices  Exchange rates fluctuations  Environmental regulations  Consumer preferences and competitve conditions
Sales* 30.871 Bil Income* 4.81 Bil Sales Growth* +3.20% Income Growth* +4.80% Net Profit Margin 15.28% Debt/Equity Ratio 0.40 Beta 1.07 EPS 7.09 Forward P/E 17.62 P/E 20.31 Market Cap 93.31 Bil Shares Outstanding 647.97 Mil
3M - Innovation
 Sales for the year were $31 billion. In organic local currency terms, sales increased 3.4 percent.  Latin America/Canada led the way with organic growth of 7 percent. Asia Pacific rose 4 percent, the U.S. was up 3 percent and Europe/Middle East/Africa was up 2 percent.  Currency impacts reduced worldwide sales by 1.6 percent, and acquisitions added1.4 percent.  Operations in more than 65 countries  Products sold in nearly 200 countries  88,667 employees globally Five-year financial objectives:  Earnings per share were up 6.3 percent to $6.72.  4% to 6% organic revenue growth  More than 20% return on invested capital  By 2017, annual investment in R&D will reach 6 percent of sales.
3M - Innovation
 -Dedicated R&D, long-term development and separate from concept to launch efforts  -Apply and use Open Innovation; host ideation sessions with members of all departments  -Foster a culture of innovation by allowing team members to take risks in a protected environment  -Reward and encourage creativity
3M - Innovation
“ Research is the transformation of money into knowledge. “ “Innovation is the transformation of knowledge into money.“
3M Products Enhancing Every Home 3M Technology Advancing Every Company 3M Innovation Improving Every Life

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3M - Innovation

  • 1. Harnoor Singh PRN: 14030141064
  • 2. FOUNDERS:-  Henry S. BryanHermon  W. CableJohn Dwan  William A. McGonagle  Dr. J. Danley Budd HEADQUARTERS:- Maplewood, MN, US 3M Company (3M-Minnesota Mining and Manufacturing Company) is a diversified technology company.
  • 3. 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 mine's mineral holdings were anorthosite, which had no commercial value. Co-founder John Dwan solicited funds in exchange for stock and Edgar Ober and Lucius Ordway took over the company in 1905. The company moved to Duluth and began research and producing sandpaper products. William L. McKnight, later a key executive, joined the company in 1907, and A. G. Bush joined in 1909. 3M finally became financially stable in 1916 and was be able to pay dividends.
  • 6.  Industrial and Transportation  Healthcare  Consumer and Office  Safety, Security and Protection Services  Display and Graphics  Electro and Communication Businesses
  • 7. 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.
  • 8.  In April 2012, it acquired CodeRyte Inc.  In September 2012, it acquired the business of Federal Signal Technologies Group (FSTech) from Federal Signal Corporation.  On November 28, 2012, the Company acquired Ceradyne, Inc.  In April 2014, the Company acquired Treo Solutions.
  • 9.  3M India Limited, the Indian subsidiary of 3M Corporation was established in 1988. 3M has been a steadfast partner in India’s progress for over 25 years, committed to solving problems unique to the Indian customer. The Managing Director at 3M India is Mr. Amit Laroya.  3M Electro & Communications India Pvt. Ltd. is a privately owned subsidiary of 3M Corporation. Together, these two companies market over 7,000 products in India with leading positions in health care, industrial, retail, construction, transportation, energy, utilities, mining, general office and home. In India, the magic of 3M innovation takes places at our R&D centers, situated at Bengaluru and Gurgaon, NCR (National Capital Region). Our manufacturing facilities in India are at Bengaluru, Pimpri (Pune), Ranjangaon (Pune), Ahmedabad & Pondicherry.
  • 11.  Diversified businesses - industrial and transportation, healthcare, display and graphics, consumer and office, safety, security and protection services, and electro and communications.  Strong research and development capability  Diversified geographic presence  Solid revenue & profit growth  solving and delivering unique solutions for original equipment manufacturers (OEM) and mass channel customers. In addition, technologies such as adhesives, materials science, light management; micro replication and nonwoven materials; and its ability to not only develop unique products, but also to manufacture them efficiently and consistently around the world
  • 12.  Low inventory turnover which impacts inventories and margins Weaker than expected performance in key segments  Not as nimble as smaller, more focused competitors  Lack of synergy between business units  Lot of data or virtual warehousing of data is not being well integrated.
  • 13.  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.
  • 14.  Rising commodity and energy prices  Exchange rates fluctuations  Environmental regulations  Consumer preferences and competitve conditions
  • 15. Sales* 30.871 Bil Income* 4.81 Bil Sales Growth* +3.20% Income Growth* +4.80% Net Profit Margin 15.28% Debt/Equity Ratio 0.40 Beta 1.07 EPS 7.09 Forward P/E 17.62 P/E 20.31 Market Cap 93.31 Bil Shares Outstanding 647.97 Mil
  • 17.  Sales for the year were $31 billion. In organic local currency terms, sales increased 3.4 percent.  Latin America/Canada led the way with organic growth of 7 percent. Asia Pacific rose 4 percent, the U.S. was up 3 percent and Europe/Middle East/Africa was up 2 percent.  Currency impacts reduced worldwide sales by 1.6 percent, and acquisitions added1.4 percent.  Operations in more than 65 countries  Products sold in nearly 200 countries  88,667 employees globally Five-year financial objectives:  Earnings per share were up 6.3 percent to $6.72.  4% to 6% organic revenue growth  More than 20% return on invested capital  By 2017, annual investment in R&D will reach 6 percent of sales.
  • 19.  -Dedicated R&D, long-term development and separate from concept to launch efforts  -Apply and use Open Innovation; host ideation sessions with members of all departments  -Foster a culture of innovation by allowing team members to take risks in a protected environment  -Reward and encourage creativity
  • 21. “ Research is the transformation of money into knowledge. “ “Innovation is the transformation of knowledge into money.“
  • 22. 3M Products Enhancing Every Home 3M Technology Advancing Every Company 3M Innovation Improving Every Life