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3m Strategies and Swot

Autor:   •  October 29, 2011  •  Case Study  •  686 Words (3 Pages)  •  2,297 Views

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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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