3m Strategies and Swot
Autor: ardash • October 29, 2011 • Case Study • 686 Words (3 Pages) • 2,191 Views
Focus on production efficiencies/ lean production through innovation to produce at lower cost that competition
Outsource manufacturing where external efficiencies are available
Enhance innovation + R&D as a core business strategy
Adopt M&A strategies to enter new markets in the emerging economies
Acquisitions in key operating areas
Emerging markets with a growing manufacturing base and consumer spending.
Continued global expansion
Rising healthcare spending in the US
Security concerns with weaker economy in the US could present opportunities for 3M's security business
Markets similar to existing ones, such as renewable energy, water infrastructure, architecture, and lighting.
Low inventory turnover which impacts inventories and margins
Weaker than expected performance in key segments
Not as nimble as smaller, more focused competitors
Lack of synergy between business units
Strong research and development capability
Diversified business and geographic presence
Strong growth in revenues and profits
Solid revenue and profit growth
Financial Stability
Strong research and development capability
Diversified business and geographic presence
Strong growth in revenues and profits
Solid revenue and profit growth
Financial Stability
Strong research and development capability
Diversified business and geographic presence
Strong growth in revenues and profits
Solid revenue and profit growth
Financial Stability
Strong research and development capability
Diversified business and geographic presence
Strong growth in revenues and profits
Solid
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