3m Strategy

[pic 1]

AN AMERICAN MULTINATIONAL CONGLOMERATE

Project Report

Submitted by: Ravi Ranjan

Roll No. 15EM06

Section B

TABLE OF CONTENT

1. Introduction………………………………………………….................................................03
2. External Environment Analysis & Audit……………………………………........................12        

1. Demographic Environment………………… …………………………………………...12         
2. Technical Environment…………………………………………………………………..14
3. Political and legal Environment………………………………………………………….15
4. Global Environment………………………………………...…………………………....16
5. Economic Environment………………… ……………………………………………….16           
6. Competitive Landscape……………………………………………………………..…....20

1. 3M Research and Patent in Competitive Environment…………………………...20
2. 3M Competition with respect to its Segments and Market Share………………...21
3.  List of 3M’s competitor and their valuation comparison(2014)………………….24
4. Competitive Profit Matrix (CPM)………………………………………………....24

1. Industry Environment ……….………………………………………………………...…24
2. Social Environment ……………………………………………………………………...24

1. Internal Environment Analysis………………………… …………………………………...24

1. Strategic Analysis………………………………………………………………………...24
2. Key Success Factors………………………………………………………………...……24
3. Strategies………………………………………………………………………………….25
4. Acquisition Strategy…………………………………………………………………...…26
5. Core Competency and Resources…………………………...……………………………26
6. Current Strategy………………………………………………………………………….27
7. Potential Problem……………………………………………………...…………………27
8. Sustainability Result……………………………………………….…………………….27
9. Summary: (Sustainable Competitive Advantage)…………………...…………………..28

1. SWOT Analysis……………………………………………………………………………..28
2. Policies and Philosophies of 3M……………………………………………………………29
3. Risk Factors That May Affect Future Results of 3M ………………………...………...30
4. Conclusions & Reccomendations...........................................................................................31
5. References………………………………………………………………………………..….33

 Executive Summary

3M Company is an American multinational conglomerate company. The company is well known for   its innovation and research and development activities. The company has entered into different geographical market and taken different strategy based on unique culture of their research and development. This report is all about to know the different strategies taken by the company to adapt frequent changing market. This report covers the discussion of external and internal factors. This report highlights some unique traits of 3M which makes it one of the leading company in the field of development of innovative, improved and new products. Not only has this but 3M also excels in manufacture and marketing at the same time. How the unique lattice technology of innovation, R&D, its scientists, laboratories enable 3M in its environmental policies and sustainable development. This report also includes some of the distinct features of 3M such as its different business segments across different geographical distribution across the world serves as a key feature for its resources and global market Analysis of strength, weakness, opportunity and threat is also discussed under this report. The company core competency like innovation and R&D is also investigated. Latest annual and financial report is given to know the status of company. This report aims at exploring the significance of sustainable competitive advantage of 3M along with the various problems and risk factors that can influence 3M future. Additionally conclusions as well as recommendation is also suggested.