3M- The First 110 Years A Case Study Review By: Kim Rivera, Chelsea Day, Marcia Stokes-Cooper, JR...

12
3M- The First 110 Years A Case Study Review By: Kim Rivera, Chelsea Day, Marcia Stokes-Cooper, JR Smith and Katie Little October 22, 2014

Transcript of 3M- The First 110 Years A Case Study Review By: Kim Rivera, Chelsea Day, Marcia Stokes-Cooper, JR...

Page 1: 3M- The First 110 Years A Case Study Review By: Kim Rivera, Chelsea Day, Marcia Stokes-Cooper, JR Smith and Katie Little October 22, 2014.

3M- The First 110 Years

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

and Katie Little

October 22, 2014

Page 2: 3M- 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

Page 3: 3M- The First 110 Years A Case Study Review By: Kim Rivera, Chelsea Day, Marcia Stokes-Cooper, JR Smith and Katie Little October 22, 2014.

The Beginning

Henry S. Bryan

Hermon W. Cable

John Dwan William A. McGonagle

Dr. J. Danley Budd

Page 4: 3M- The First 110 Years A Case Study Review By: Kim Rivera, Chelsea Day, Marcia Stokes-Cooper, JR Smith and Katie Little October 22, 2014.

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

Page 5: 3M- The First 110 Years A Case Study Review By: Kim Rivera, Chelsea Day, Marcia Stokes-Cooper, JR Smith and Katie Little October 22, 2014.

Company Structure

R&DFinan

ce HR

Technical

Forum

Pathfinder

Program

3M IPC

Pacing Plus

Program

Page 6: 3M- The First 110 Years A Case Study Review By: Kim Rivera, Chelsea Day, Marcia Stokes-Cooper, JR Smith and Katie Little October 22, 2014.

Internal Environment

Strengths Weaknesses

Page 7: 3M- The First 110 Years A Case Study Review By: Kim Rivera, Chelsea Day, Marcia Stokes-Cooper, JR Smith and Katie Little October 22, 2014.

External Environment

Opportunities Threats

Page 8: 3M- The First 110 Years A Case Study Review By: Kim Rivera, Chelsea Day, Marcia Stokes-Cooper, JR Smith and Katie Little October 22, 2014.

Strength

• Structure

Weakness

• Changes in CEO

Opportunity

• New Products

Threat

• Patent protection

Page 9: 3M- The First 110 Years A Case Study Review By: Kim Rivera, Chelsea Day, Marcia Stokes-Cooper, JR Smith and Katie Little October 22, 2014.

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)

Page 10: 3M- The First 110 Years A Case Study Review By: Kim Rivera, Chelsea Day, Marcia Stokes-Cooper, JR Smith and Katie Little October 22, 2014.

Business-Level Strategies

• Hiring an ‘outsider’- McNerney

• Rewards and Recognition Programs

• Company Structure

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

Page 11: 3M- The First 110 Years A Case Study Review By: Kim Rivera, Chelsea Day, Marcia Stokes-Cooper, JR Smith and Katie Little October 22, 2014.

Recommendations

• Recommendation 1

• Recommendation 2

• Recommendation 3

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

Page 12: 3M- The First 110 Years A Case Study Review By: Kim Rivera, Chelsea Day, Marcia Stokes-Cooper, JR Smith and Katie Little October 22, 2014.

Thank you!

Q & A