Strategy

1.Introduction The Minnesota Mining and Manufacturing Company, also known as 3M, was realised in 1902 by five Minnesota businessmen. 3M grew from a troupe that main focus was to produce sandpaper to a full-grown conglomerate. By 2002, 3M has forty different business units in a wide range of sectors. The sectors are consumer and office, display and graphics, electronics and telecommunications, health care, industrial, safety, security, and bulwark services and transportation. Over the years, 3M had modernized its production processes and expanded its grocery share through restructuring and joint-ventures. 3M experienced major strategic and way changes. When William McKnight took charge of 3M in 1929, he made major strategic and management changes to the company. This report will focus on 3Ms three main industries. They are consumer and office, health care and industrial. 2. orthogonal Environment Analysis External environment analysis is use to lose it the factors that will affect the company indirectly. It is split into two environmental analyses, Macro-environment and Micro-environment. 2.1.Macro-Forces Environment The macro-environment of organizations includes general forces that will indirectly affect the long-run decisions of an organization.

3M is more than affected by the economic, technological, and political-legal forces. These forces are shown below. 2.1.1.Economic Forces Economic forces charm the exchange of materials, money, energy and information. 3M was badly affected by the 1997 Asiatic Crisis. During the crisis, the value of several Asian currencies fell by as much as 80 percent against the U.S. dollar in a matter of months. At that point of time, 3M generated a pull back of its sales from Asia, but it was slow to cut costs there in the face of slumping demand following the collapse of the currentness values. Thus, this affects 3Ms earnings greatly. 2.1.2.Technological Forces Technological forces generate... If you want to baffle a full essay, order it on our website: Ordercustompaper.com

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