3 M The First 110 Years A Case
- Slides: 12
3 M- The First 110 Years A Case Study Review By: 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. Mc. Gonagle Dr. J. Danley Budd
History Timeline 1902 Founded 1910 Company Moves 1905 Mr. Lucius Ordway 1920 Waterproof Sandpaper 1916 First Stockholder’s paid 1925 Masking and Scotch tape 1950 Thermo-fax copying process & Scotch Guard 1929 William Mc. Knight 1940 WWII Defense Materials 1991 Desi De. Simone 2000 Jim Mc. Nerney 2005 George Buckley 2012 Inge Thulin
Technic al Forum R&D Pacing Plus Program Financ e Pathfind er Program HR 3 M IPC Company Structure
Internal Environment Strengths Weaknesses
External Environment Opportunities Threats
Strength Weakness • Structure • Changes in CEO Opportunity Threat • New Products • 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’- Mc. Nerney • 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