3M(Minnesota Mining And

Manufacturing)

SUBMITTED BY:
GROUP 2
ABHIGYAN SHUBHAM (271062)
HARDIK DUNGARANI (271076)
KAVYA JINDAL (271083)
MANUL RASTOGI (271085)
MIDHUN C (271086)
RAHUL K. R. (271098)
INTRODUCTION
❖ The 3M Company, formerly known as the Minnesota Mining and Manufacturing
Company, is an American multinational conglomerate corporation based in St. Paul,
Minnesota.
❖ 3M followed the incremental approach of innovation and product development.
❖ Company with innovation at its core
❖ Various programs and techniques has been developed to support entrepreneurship
❖ Cross-functional teams and recognition and reward of employees
VALUE
❖ Main value- Innovation ,by inventing new and improved products
and processes

❖ Promotes the instrumental values of entrepreneurship, risk-taking, and autonomy to

encourage experimentation promotes the instrumental values of entrepreneurship,
risk-taking, and autonomy to encourage experimentation

❖ 15 percent of employee time is for projects they choose

CULTURE
❖ Management sponsorship, whereby senior managers encourage and support
innovation, and recognize and reward failure
❖ Rewarding and honoring cross-functional teams who introduced successful new
products through the 3M Golden Step Program and the Carleton Society, a hall of
fame for 3M scientists
❖ Employees were given full freedom and resources for risk-taking
❖ Creation of cross-functional teams from product development, process development,
marketing, manufacturing, packaging, and other functions
❖ Rewarding innovators with promotions, and also promoting within organization
PROBLEM IDENTIFICATION
❖ The Medical – Surgical Division focused largely on surgical drapes and surgical
prepping.
❖ 3M was highly penetrated on a niche for surgical drapes and prepping in US
market, But sales in US had limited growth and overseas markets were limited by
high cost of 3M products.
❖ Because of these reasons the business unit had gone almost a decade with only
one successful product.
CONCLUSION
❖ Cross-functional teams and the product team structure provide an organic structure
❖ Teams provide autonomy and allow risk-taking and individual decision making
❖ Ethics can be seen through 3M’s concern for customers and in extensively testing and
developing new products
❖ For running successfully, 3M can opt for an ambidextrous model.