3M

Introduction to 3M Corporation 3M Corporation is an industrial conglomerate that develops products which serve propose in a variety of industries. The original function of 3m was mining. Founded in 1902, 3M was originally known as the Minnesota Mining and Manufacturing Co. This firm’s main function was to harvest the mineral corundum, extremely hard aluminum oxide. This mineral is found in a crystalline form. Some precious stones such as rubies and sapphires are some types of corundum. 3M mined out of a mine known as Crystal Bay. Although this was the intention function of the company they have since moved into the huge industry leader it is today. 3M focus has since shifted into mining other materials and developing products. Since its…

Group: Will Lee, Max Speil, Michael Jastrzebski, Frankie Villante Econ 364 homework #2 Chp 5. Discussion #2 Reason for 3M Dominance: conditional pricing in the form of rebates to retail stores that purchased its private label tape along with other 3M product lines. The more that the retailers bought, the higher their rebates would be. This resulted in a loss of sales for LePage tape. 3M’s action would be consistent with the dominant-firm price leadership model because they had a significant…

3M, a product driven company is divided into seven divisions: Health Care, Transportation, Display and Graphics, Consumer and Office, Industrial, Electro and Communications, and Safety and Security Services. Each is responsible for its own manufacturing and marketing facilities, as well as the product lines within it. They also have another division called the Industrial Business Division (IBD). The IBD serves a broad range of industrial markets, from appliances and electronics to paper and…

Cause Related Marketing is a marketing tool, to addresses the social issues through providing resources and funding besides meeting business objectives (What is cause related marketing, Business case studies). It is a commercial activity where charities and businesses form a partnership to market product or service, image for mutual benefit. 3M followed co-branding strategy in partnership with Canadian Breast Cancer Foundation (CBCF) (p. 2). Co-branding and Strategies Co-branding means the use…

more important factor in the stock market: the companies. If it were not for every company that gives individuals opportunity to become a stockholder, there would clearly be no stock market. These companies are what draw investors into the stock market with the chance of profiting from said company. When purchasing a stock or share of a company, one is part owner and will receive annual dividends which depend on the type of stock they acquired and if there is any profit. The stock market…

John Thurston, Global Human Capital Planning Manager for 3M is quoted by Carol Morrison from i4cp as saying that the company overcame ‘one of the most commonly encountered workforce planning challenges’, the propensity of organizational stakeholders for being stuck on the idea that planning is an HR activity (Thurston as cited by Morrison, 2013). In her post titled “3M 's Winning Strategies for Workforce Planning on a Global Scale”, found on the i4cp website, Morrison states that a recent…

Substances: Acid, Base, or Neutral Procedure: Out of three substances, benzoic acid, ethyl-4-aminobenzoate, and acetanilide, two of them were randomly given out, weighing 75 mg each. These mysterious substances were both placed in a 25-mL flask with 6 mL of diethyl ether. The substances with the diethyl ether were mixed together until the solids dissolved. The solution was cooled in an ice bath for a couple of minutes. Once the solution was cooled, 3 mL of 3M HCl was added and swirled into…

like, or need. It is one thing liking a product, but it’s another thing actually spending money to have it. During this stage, the testing will determine if the product has potential in the market, but changes will be made before the actual production. It might be those changes that make the customers not buy the product even if the change was something that was requested during this stage. 3M The “innovating machine” 3m is justifiably highlighted as the “innovation machine” to the extent that…

Observations or reactions: Separation of the basic component: When 2ml of 3M HCl was added to the mixture of Benzoic acid, Ethyl 4-aminobenzoate, 9-Fluorenone, diethyl ether, two layers were created, an organic yellow top layer and a clear aqueous bottom layer. The clear layer (basic layer) was extracted and placed into a container where 6M NaOH was add to the solution. The addition of NaOH made the solution basic, and created white flakes in the solution. The white flakes were separated by…

Stethoscope, Black Tube, 28 inch, 2201 The 3M Littmann Classic II S.E. is a great choice it has a reasonable price tag and allows for customization. You get your choice of tubing color which is always fun. Some tubing color options include: Orange, Hunter Green, and Pearl Pink and many more. You also get to choose the finish of your chest piece black, brass, stainless, rainbow, or smoke. however, chest piece color choices may depend on your tubing color. This moderately priced stethoscope…