The future of any company depends on their ability to succeed and grow. In order to do this, 3M is seeking future growth in newly ventured areas including the following:- Architecture - Light and Living
- Mobility solutions
- Health
- Water scarcity
- Renewable energy
- Safety & Security
Venturing into new market areas will allow expansion of 3M's total market position. Currently 3M is the leading provider in several of their product markets. Some of these markets include:
- Industrial abrasives
- Auto body repair & Car care solutions
- Adhesive tapes and fasteners
- Skin & wound care
- Oral care solutions
- Personal protective equipment such as respiratory, eye, and hearing
- Filtration
- Cleaning Products
- Reflective signage material
- LCD films
- Optical clear adhesives
- Fiber splicing/connectivity
Seeing 3M's ability to excel in all of these markets provides strong hope for the future of the company and its newly desired ventures.
Information retrieved from the Sanford C. Bernstein Strategic Decisions Conference PowerPoint presentation. This presentation was given by CEO George Buckley on 6/3/10
This blog has helped me understand that the narrow view I had of 3M, that their main or only product was post-its, is completely wrong. Thanks for giving me a better understanding of this company.
ReplyDeleteYou're welcome. I guess you would be surprised as to how many 3M products you may use on a regular basis. They have acquired many of the most popular and trusted brands.
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