3m Recommendations
There is no need to change basic corporate culture of innovation at 3M. 3M already has impressive internal strengths and in order to avoid further stagnation and increase company’s earnings per share more cohesive and systematic plan is needed. We would recommend the long term strategy development to increase the efficiency and competetiveness of the 3M products.
3M is fundamentally a science-based company. We produce thousands of imaginative products, and we're a leader in scores of markets - from health care and highway safety to office products and abrasives and adhesives. Our success begins with our ability to apply our technologies - often in combination - to an endless array of real-world customer needs. Of course, all of this is made possible by the people of 3M and their singular commitment to make life easier and better for people around the world. We leverage these competencies to create innovative solutions for our customers and to also provide investors with attractive long-term returns. Subject : Recommendations for returning 3M to 20 return on equity and improved ROCE
To Whom It May Concern ,
The company 3M has been known through the years for its innovative approaches when it comes to doing business . It was even recognized by the magazine Fortune as one of the most innovative brands in the world to date . With this in mind such strategies and marketing approaches that are used by the company ought to be at par with the innovative standards that 3M has been known for .
Yet , the current policy implementation schemes of the company fall short in the attainment of such goals . The past administrative frameworks that
3M adopted are aimed more at addressing short term goals that addressing the long term objectives which is quite important in situations that the overall market would not fair in well . For instance , the worldwide recession in the early 90 's serve as a new challenge for 3M specifically in the area of risk management .
3M is fundamentally a science-based company. We produce thousands of imaginative products, and we're a leader in scores of markets - from health care and highway safety to office products and abrasives and adhesives. Our success begins with our ability to apply our technologies - often in combination - to an endless array of real-world customer needs. Of course, all of this is made possible by the people of 3M and their singular commitment to make life easier and better for people around the world. We leverage these competencies to create innovative solutions for our customers and to also provide investors with attractive long-term returns. Subject : Recommendations for returning 3M to 20 return on equity and improved ROCE
To Whom It May Concern ,
The company 3M has been known through the years for its innovative approaches when it comes to doing business . It was even recognized by the magazine Fortune as one of the most innovative brands in the world to date . With this in mind such strategies and marketing approaches that are used by the company ought to be at par with the innovative standards that 3M has been known for .
Yet , the current policy implementation schemes of the company fall short in the attainment of such goals . The past administrative frameworks that
3M adopted are aimed more at addressing short term goals that addressing the long term objectives which is quite important in situations that the overall market would not fair in well . For instance , the worldwide recession in the early 90 's serve as a new challenge for 3M specifically in the area of risk management .