3 At a Glance. We operate in over 70 Countries. Global Sales $31.8B 89,800 Employees. 63% of sales & 60% employees in international.
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1
2 3M overview s
3 3 At a Glance We operate in over 70 Countries 50% have R&D labs 8,500 scientists 50% in international Global Sales $31.8B 89,800 Employees manufacturing plants in 40 countries 63% of sales & 60% employees in international. 3
4 3M UK and Ireland Aberdeen Oil and Gas Date: January 2015 Clitheroe Metered dose aerosol components Dublin 3M Ireland Ltd Manchester Customer services Bangor Masking tape Oldham Personal safety Runcorn Technical services Redditch Personal safety Gorseinon Nappy closure systems Bridgend Microbiology products Aycliffe Personal safety Northallerton High performance coatings Sheffield Abrasives Atherstone Coated abrasives and auto trades Loughborough Healthcare Northampton Abrasives London Docklands Biometric systems Bracknell Head Office Daventry Automotive aftermarket Bedford European distribution centre
5 s An Uncommon Culture
6 Ce Ceramics CE Ceramics The Elements of Innovation at 3M Ad Adhesives Fi Films Am Advanced Materials Mr Micro-replication Es Electronics Software Se Sensors 1. Vision & Commitment 2. Corporate Culture 3. Technology Platforms 4. Global Network 5. Reward & Recognition 6. Metrics & Results 7. Customer Intimacy 6
7 1 November 3M 3M All All Rights Reserved. 3M Confidential. 7
8 s Innovation is our biggest competitive advantage and the heart of 3M. Inge Thulin
9 2. Corporate Culture 113 Year Innovation Legacy Company Myths & Legends 15% Free Time McKnight Principles Hire good people Let them do their jobs Expect & tolerate mistakes Innovation in the DNA 9
10 Management that is destructively critical when mistakes are made kills initiative. And it s essential that we have many people with initiative if we are to continue to grow. William McKnight 3M President & Chairman
11 Sources of innovation: employees Climate of innovation created by: encouraging curiosity nurturing problem solving skills providing time for creativity (15% culture) Encouragement to take risks by: creating an atmosphere of trust and respect accepting mistakes will be made tolerance Collaboration with each other and externally: Technical Forum X-functional Engagement Customer Inspired Innovation
12 I have a new idea that could be useful to 3M, but it s not related to the business I m working in right now. Am I allowed to work on it? A culture/philosophy, not a time sheet measurement Explore new technologies / markets Leverage technical specialists No need for management approval Teaches leadership and new skills 15% culture Post-it Notes Display Protection Films Multilayer Optical Film Transdermal Drug Delivery Adhesive Structured Abrasive Belts APC PLUS Color Change Adhesive Scotchtint Auto Window Film High Performance RFID Reader 12
13 3. Technology Platforms 46 Technology Platforms Owned by the Company, not Individual Business Units Hybridized Platforms Corporate Research Laboratories Materials Research Process Research Software, Electro-Mechanical Systems Innovation the Foundation Stone
14 46 core technology platforms Ab Abrasives Ad Adhesives Fi Films Md Medical Data Management Am Advanced Materials Fl Fluoromaterials Ec Energy Components Mf Mechanical Fasteners Ce Ceramics Nt Nanotechnology Ac Acoustic Control Fe Flexible Electronics Mi Microbial Detection and Control Co Advanced Composites Nw Nonwoven Materials Mo Molding Pe Predictive Engineering & Modeling Rp Radiation Processing An Analytical Fc Flexible Converting & Packaging Pr Process Design & Control Bi Biotech Fs Filtration, Separation, Purification Op Optoelectronics Do Dental & Orthodontic Materials Po Porous Materials & Membranes Mr Microreplication Pm Polymer Processing Su Surface Modification As Application Software In Inspection & Measurement Se Sensors Dd Drug Delivery Im Imaging Tt Track and Trace Em Electronic Materials Sm Specialty Materials Pd Particle & Dispersion Processing Pp Precision Processing Vp Vapor Processing Es Electronics & Software Is Integrated Systems & Design We Accelerated Weathering Di Display Lm Light Management Wo Wound Management Materials Processing Capabilities Applications 14
15 4. Reward & Recognition Innovation is an Expectation Dual Ladder Career Structure Incubator Funding (Genesis Grants) Award Programs Golden Step Award / With Honors / Hall of Fame Circle of Technical Excellence & Innovation Carlton Society Innovation through Individual Creativity 15
16 100,000 patents 16
17 5. Global Networking Diverse, International Community Global Reach through Localized Experts Boundaryless Behavior Network Events Posters, v-tie R&D Laboratories in 35 countries 8,500 scientists, 46% outside U.S. 11,224 members in Tech Forum Innovation a Team Sport
18 3M s Global Reach Just around the corner. All around the world. 71 countries, 85 laboratories, 54 Customer Technical Centers (CTCs) Sales & Marketing Manufacturing/Converting Technical Capabilities Mexico Guatemala Costa Rica Colombia El Salvador Trinidad & Tobago Canada Panama Venezuela Ecuador United States Peru Chile Germany Sweden Switzerland Poland Norway Austria Hungary UK Belgium Romania Denmark Finland Czech Republic Netherlands Ireland France Italy Portugal Spain Greece Jamaica Turkey Dominican Republic Morocco Argentina Brazil Uruguay Egypt Nigeria South Africa Kenya Israel Pakistan Sri Lanka 3M Gulf Saudi Arabia India Lithuania Ukraine Latvia Estonia Kazakhstan Indonesia China Taiwan Australia Russia Japan Vietnam Malaysia Korea Hong Kong Philippines Thailand Singapore New Zealand 18
19 1951 Tech Forum 60+ Years Young 2011
20 6. Metrics & Results 625 US Patents in 2014, Total 3,342 Preferred Supplier / Peer Recognition 25 New Products Every Week New Product Vitality Index $10.4 billion NPI sales in 2014 U.S. National Medal of Technology 33% of total sales in 2014 Target 40% to sales in 2019 Innovation a Driver of Sustainable Growth
21 7. Customer Intimacy Listen to the Voice of the Customer Understand Customer Needs Provide Practical & Ingenious Solutions 54 Customer Technical Centers worldwide Doorway to 3M global technologies Access to 3M global expertise Local solutions to customer problems Innovation Customer Inspired 21
22 Customer-inspired innovation 22
23 3M s First Customer Inspired Innovation Need based Innovation Paper + Rubber + Resin = Masking Tape Ad Adhesives Fi Films 23
24 Research is the transformation of money into knowledge Innovation is the transformation of knowledge into money 24
25 s Making Uncommon Connections
26 Pain Points of the Upstream Oil & Gas Industry 3M Pain Points Solutions Industry Value Driver Reducing costs Drilling Asset Integrity High Torque Fluid Loss Formation Damage Waste Management Wait on Time Limited Rig Space CUI Metal Corrosion Weight Limitations Waste Management Glass Bubbles Filtration Coatings 3M Technologies Reducing cost per barrel Downhole Sand Control Condensate Banking Liquid Loading Proppant Flow back Low Permeability formations Ceramics Well Stimulation Increased output (Barrels) Flow Assurance Temperature Loss Insulation Hydrates/Scale Metallic Erosion Coated Proppants Marginal Gains Communication Certification Asset Management Personal Safety Process Safety Fabrication/Maintenance Abrasives PPE 26
27 3M Customer Engagement Centre Altens, Aberdeen 27
28 Sept 4 th, M Customer Innovation Centre Bracknell 28
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