3M- The First 110 Years

A Case Study ReviewBy: Kim Rivera, Chelsea Day, Marcia Stokes-Cooper, JR Smith

and Katie Little

October 22, 2014

Case Overview

• History, Development & Structure

• Internal Strengths and Weaknesses

• External Opportunities and Threats

• S.W.O.T. Analysis

• Corporate and Business Level Strategies

• Recommendations

The Beginning

Henry S. Bryan

Hermon W. Cable

John Dwan William A. McGonagle

Dr. J. Danley Budd

History Timeline

1902Founde

d

1905 Mr.

Lucius Ordway

1910 Company Moves

1916 First

Stockholder’s paid

1920Waterproof Sandpaper

1925Masking

and Scotch tape

1940WWII

Defense Materials

1929 William McKnig

ht

1950Thermo-fax

copying process &

Scotch Guard

1991Desi

DeSimone

2000Jim

McNerney

2005 George Buckley

2012Inge

Thulin

Company Structure

R&DFinan

ce HR

Technical

Forum

Pathfinder

Program

3M IPC

Pacing Plus

Program

Internal Environment

Strengths Weaknesses

External Environment

Opportunities Threats

Strength

• Structure

Weakness

• Changes in CEO

Opportunity

• New Products

Threat

• Patent protection

Corporate-Level Strategies

• International Expansion

• Strategy 2?

• Strategy 3?

(I was having trouble picking out the strategies- don’t know if we have 3 per se)

Business-Level Strategies

• Hiring an ‘outsider’- McNerney

• Rewards and Recognition Programs

• Company Structure

(Again, had trouble picking these out too…should we have 3?)

Recommendations

• Recommendation 1

• Recommendation 2

• Recommendation 3

(Do you think we need 3?- I just feel like that’s always a safe number)

Thank you!

Q & A