3 m

Business venture

Answering a billion diverse dreams…Through innovative technologies…

That Help people succeed…

05/01/2023 SVKM’s NMIMS SPP SPTM 2

Inspired past.. Enabling today.. Leading tomorrow … our journey is yours.. 3M

Minnesota

Mining

Manufacturing

Science-based company

Technology giant

Market Cap $73.42 B (As of May

2013)

Industry: Conglomerates

Founded: 1902

Country: United StatesCEO: Inge Thulin

Employees: 87,677

Sales: $29.9 B

http://www.forbes.com/companies/3m/

25 years ago… A global innovation giant ventured into India

3M’s India Operation begin. The seeds of innovation sown.

[1998 – 1993] Foundation years

• 3M joins hands with the Birla group to set up JV• Manufacturing operations established at

Electronics city, Bengaluru

• 1st product UY connector, addresses the newly opened telecom sector

• MS2 (modular splicing system) - India's first local innovation

• Solutions targeting Home care, Telecom, automotive & industrial markets

• Goes public in 1991, the only public listed 3M subsidiary

05/01/2023 3SVKM’s NMIMS SPP SPTM


Key Insights Revealed

Growth begins with added manufacturing & innovating capabilities

[1993 – 2008] Growth years

• Birla 3M becomes 3M India• Graphic production Center for Automotive

graphics – a key business growth driver established

• 3M’s first Innovation Centre in India, set up at Bengaluru to focus on local product development

• Ahmedabad plant begins manufacturing anti-corrosive coatings targeting infrastructure growth

• Strategic business acquisitions• Manufacturing facility at Ranjangaon, Pune

commissioned to cater to adhesive, Abrasive & Healthcare business



Key Insights Revealed

‘In India for India’, customer centric approach drives ‘Go to market’

[2008 – 2013] Transformative years

• ‘In India for India’, - localized product innovations target Road safety, Healthcare, Industrial & Automotive & Home care markets

• Newly launched retail foray, 3M Car Care Centers, - ‘Go to market’

• New R & D Centres at Bengaluru & Gurgaon to drive local innovation

• Growth plans afoot become a Billion $ Mumbai, Gurgaon, Kolkata, Pune & Hydrabad become hubs to channel regional reach.


3M Products

Consumer and Office Business

Safety, Security and Protection Services Business

Industrial and Transportation Business Health Care Business

Electro and Communications Business

Display and Graphics Business


7

Open innovation

Product Brought to market

Select successful

Ideas

From External or

Internal sources

Develop New ideas

Idea Generation

Selection

Execution

Commercialization

Organization

Current Market

Prototypes and

Production

3M™ Littmann TeleSteth™

Electronic stethoscopes

Electronic stethoscopes + telemedicine/diagnostic software

Telesteth online auscultation

software

Stethassist software

Cardioscan heart sound-analysis

software

05/01/2023 SVKM’s NMIMS SPP SPTM


Post it (repositionable notes)

Spenser Silver

• Born 1941• Co-creator of the Post-it note• In 1966, earned a doctorate in organic chemistry from the University of Colorado in 1966, before taking a position as a Senior Chemist in 3M's Central Research Labs.

• Born 1931• Co-creator of the Post-it note•In 1953, while still enrolled in undergraduate school, Fry took a job at 3M as a new product development researcher.

Arthur Fry

1980 - Term "Post-it" & Canary yellow color - trademarks

In 1968, Spencer Silver (with the help of Jesse Kops) accidentally developed a "low-tack", reusable pressure sensitive adhesive.

For five years, Silver promoted his invention within 3M, both informally and through seminars, but without much success.

He was unable to find a marketable use for his invention.

In 1974, Arthur Fry attended a seminar given by Silver asking for ideas for his adhesive.

“slips of paper” to mark the pages of his hymnal.

Silver's adhesive could be put to use to create a better bookmark. If it could be coated on paper, Silver's adhesive would hold a bookmark in place without damaging the page on which it was placed.


THE PROCESS OF TECHNOLOGY INNOVATION

THE PROCESS OF TECHNOLOGY INNOVATION 3M's Scotchgard brand fabric protector (1956)

Patsy Sherman and Sam Smith

Do-it-yourself

Fluorochemical polymer

Experiment - repel oil and water from fabrics

Resilience

Enhance the liquid repellency

1956 & market leader

Versatile fabric and material protector

Website, TV


Strategies for long-term, sustained innovation

Foster a culture of innovation by allowing team members to take risks in a protected environment

Apply and use Open Innovation; host ideation sessions with members of all departments

Reward and encourage creativity

Vision: 3M Technology Advancing Every company; 3M Products Enhancing Every Home; 3M Innovation Improving Every Life

Dedicated R&D – 6% of its yearly revenue to R&D

3 m

Education