-Harsh .s. jain

SIBM-B

Creativity and Innovation

“Innovation is more than just a bright idea; it is an

idea that gets implemented and has a real impact.

In other words, somebody has to make it happen.”

— Ernest Gundling,

Author, The 3M Way to Innovation:

Balancing People and Profit

If you put fence around people, you get sheep-- William mcknight

“Every company seeksthe keys to innovation, butfew find them. Over thedecades, 3M learned howto be innovative and todaythe company uses thatskill to great competitiveadvantage.”— Jerry I. Porras,Co-author, Built to Last

For more than 100 years, 3M has fostered a culture of creativity and new ideas.

Introduction

• Minnesota Mining and Manufacturing Company

• American multinational conglomerate corporation based in St. Paul, Minnesota

• Headquartered in the St. Paul suburb of Maplewood, Minnesota

• With $30 billion in sales, 3M employs 88,000 people worldwide and produces more than 55,000 products

• Produces - adhesives, abrasives, laminates, passive fire protection, dental products, electronic materials, medical products, car-care products

• Operations in more than 65 Countries ,including 29 international companies

History

• Founded in 1902,Lake Superior town of Two Harbors, Minnesota.

• Five business man-a doctor, a lawyer, two railed executives and a meat-market manager started the venture.

• Goal was to mine high-quality corundum, a mineral used in abrasives industry

• Company moved to St. Paul in 1910

• In 1916,company paid its first dividend of 6% shares

1902 1906 1916 1919 1921 1930

3M founded in Two Harbors, MN, onJune 13, when five founders sign articlesof incorporation.

First sandpaper sale to South Bend Toy Co. totals $2.

3M Wetordry™ Waterproof Sandpaper the world’s first water-resistant coated abrasive is patented and introduced

First 3M laboratory established; 3M Headquarters moves to St. Paul, MN

Annual sales exceed $1 million.

Scotch® cellophane first introduced

3M breaks ground for first new corporate headquarters (3M Center), building on a 325-acre site

east of St. Paul.

19561953 1969 1995 2008 2012

3M introduces Scotchgard™ fabric and upholstery protector to the textile industry.

3M products are used in the first moon walk on July 20; Astronaut Neil Armstrong leaves a footprint on lunar dust in boots made from Fluorelsynthetic rubber from 3M

3M introduces the first metered dose asthma inhaler free of ozone-depleting chlorofluorocarbons.

3M scientists develop a breakthrough ultra-compact, LED-illuminated projection engine for integration in personal electronic devices.

3M and Gossamer Space Frames unveil the world’s largest aperture trough using 3M™ Solar Mirror Film 1100 for concentrated solar power.

3M’s BUSINESS STRUCTURE

3M – Diverse Company

For more than a century, innovation has been the hallmark of 3M’s growth, reflecting a culture of shared ideas and technology. 3M Innovation enables 3M to continuously deliver practical and ingenious solutions to everyday problems around the world on a daily basis.

Produces 45 major product lines with 60000 of individual items

3M’s business units are grouped into 3 major sectors:

Industrial & consumer sector Information , Imaging & Electronic sector Life sciences sector

3M invests generously in research & development to fuel the

innovation pipeline.

As the result of this organizational structure , 3M is big but is able

to act small.

The divisional structure used in 3M creates empowerment in the

employees

Internal synergy that makes 3M unique

3M also innovates through organization

R&D is conducted at 3 levels

Corporate research laboratories work on project for over 10 years

3M encourages risk-taking and persistence.

Divisional laboratories focus on current programs for 1 to 5 years

Sector laboratories work on midterm projects for 5 to 10 years

To speed up the development process, Divisional laboratories opt for

3M has dozen centers of technology excellence & 5 analytical resource centers where researchers can find specialized help.

Computational chemistry in which experiments go faster.

3M also assesses customer needs & anticipates market trends

Electronic Stethoscope

• The 3M Littman Electronic Stethoscope Model 3200 was introduced in 2009

• It uses Bluetooth technology to wirelessly transfer heart, lung and other body sounds to software for further analysis.

Post-it Flag+Highlighter

Filtek Supreme

3M’s Multilayer Optical Films

Research and development:

Bold talent

The company recognized the value of R & D and allocates approximately 6% of its yearly revenue on R & D.

In 1994, 3M spent more than $1 billion on R&D

Nearly 500 new products were introduced that year alone

3M had some outstanding results with this R&D spending

$1 billion in sales resulted & 543 patents received

They also did the reviewing operations & development for its products.

3M in India• 3M Businesses in India Consumer

From simplifying life at home to keeping you organized at work; simplifying life and work.

• Safety & GraphicsFrom signs on the road to the images on your phone; enhancing visual communication and interactivity.

• Electro & Energy MarketsFrom connecting the world’s power grid to supporting high-tech electronic devices; enabling tomorrow’s lifestyle today with electrical power, communications and electronics.

• Health CareFrom preventing infections to making smiles brighter; promoting health and improving quality care.

• IndustrialFrom underground to outer space, changing how industry works.

ABRASIVES

• A robust blend of cutting edge technology and innovative products ensure that 3M Abrasive solutions outperform conventional abrasives. The solutions portfolio from 3M Abrasives provides the assurance of exemplary quality and superior results.

ADHESIVES AND TAPES

• With more than 50 years of experience in Industrial Adhesives and Tapes, 3M meets every requirement of the industry. In addition to advanced formulations for reliability and versatility, 3M provides application systems that facilitate the production service in assisting customers select the best product for the job.

CAR CARE• All basic car servicing facilities

• Small and minor car repairs

• Replacing wind shields, other small components

• Offering insurance

FOOD SAFETY

• With a blend of safety and quality monitoring systems, 3M provides proven, reliable and cost-effective solutions that meet current industry requirements -continuing to be the leader in the food and beverage industry.

• Some of the solutions include 3M™ Petrifilm™ Plates, 3M™ Clean – Trace™ Hygiene Monitoring Systems, 3M™ Tecra™ Pathogen and Toxin kits, combined with sample handling, media and enrichment products

3M ELECTRICAL

• The Electrical Solutions portfolio from 3M addresses the wide and varied requirements of power generation, transmission and distribution besides effectively catering to exacting needs of users across the Construction & Maintenance, Electrical & Electronic OEM and Electrical Utility sectors.

Telecommunication Solutions

• Telecom Network applications for Copper and Fiber, Utilities like Power, Oil & Gas, Railways and more – making 3M the largest and most comprehensive provider of products for the telecommunications industry.

• .

Lessons from 3M

• 3M showed how to balance innovation withmarketing & Operations and be market leader.

Policies

Management’s Role

R & D

Communication

– Creating Market Need/Market Pull

– Vision plays a stepping stone for innovation.

• 3M's model is built on the concept of working together for the common good of the firm and the employees.

• There's a focus on individual initiative, which encourages people to identify opportunities and create solutions, and a "barn raising" mentality which encourages people to help each other with on projects.

• 3M also rewards its innovators through several technical achievement programs, such as the Circle of Technical Excellence & Innovation, Genesis Grants Program and the Carlton Society.

Factors conducive to Innovation

Factors conducive to Innovation

• Circulation of idea

• Core technologies

• Variation of products

• 3M rewards employees who drive innovation forward.

• 3M’s philosophy

• Financial support to innovators

• Meeting regularly to exchange information

• Action team