Sub Industries HIGH As these industries are segmented industries other industries which are focused as well as well equipped firms will have a significant probability of entering the market which makes the intensity at high level for example a retailer may sell the product at relatively low price than 3M Industry LOW As the Capital investment is very high most of the new entrants can’t afford such large amounts. Technology Development 6 SUB INDUSTRIES: Health Care Industrial and Transportation Display and Graphics Consumer and Office Electro and Communications Safety, Security, and Protection services Rivalry Threat of New Entrants Power of buyers Power of suppliers Threat of Substitutes Strict government policies can affect position Intense competition can lead to loss of market share Risks associated with conducting business outside the US Threats Unfriendly environmental regulations and.Opportunity Acquisitions to strengthen existingīusinesses More global presence through tie-ups and diversification in businesses can lead to more growth.Have sometime affected the image Being a market leader, any mistake hurts the brand image world over Lot of data or virtual warehousing of data is not being well integrated. Weakness Environmental issues and litigations.SWOT ANALYSIS Strengths Strong researchĪnd development capability with over 80,000 employees worldwide Diversified business with over 55000 products in its portfolio It has operations in over 65 countries and commands a strong brand name Robust cash position and financially improving performance over the years Its product reach through retailers and distributors is in nearly 200 countries CSR activities for environmental benefits.
Technology know how is specific threat of new entrants tv#
Packaging Industrial users of polymer and adhesives Users of interior designing components Pharmaceuticals orthodontic practitioners users of stationeries and homecare products computers and TV manufacturers enterprise, military, aerospace markets Positioning Creativity and process Innovation in various fields Target Group Customers using industrial.Transportation Display and Graphics Consumer and Office Electro and Communications Safety, Security, and Protection services Segmentation Health Care Industrial and.Earn the admiration of all those associated with 3M worldwide.
Value and develop our employee’s diverse talents, initiative and leadership. Respect our social and physical environment around the world. Provide our investors an attractive return through sustainable, global growth. Satisfy our customers with innovative technology and superior quality, value and service. Vision Statement 3M Technology AdvancingĮvery Company 3M Products Enhancing Every Home 3M Innovation Improving Every LifeĪnd integrity in everything we do.It is this mission statement of 3M which helps in bringing the strategic objectives and specific target performance
Innovatively” The mission statement clearly states that the company is not just making and selling innovative products, but it is solving the customer needs in the most innovative way. Productsandservices.Eachoftheirbusinessesarecommittedtomake customersliveseasierand
Technology oriented business Team members - MUPPANI PRUDHVI 2011C6PS665H SAKSHI KHANDELWAL 2012A1PS428H VALLEM VEENASRI 2012A1PS840H SURE SAI ABHISHEK 2012A3PS242h DURGA RAO GUNDU 2012A3PS255H