Minnesota Mining and Manufacturing Company known as 3M is successfully running its business for over 119 years. 3M started its journey as a small mining venture from northern Minnesota, and now it operates in 70 different countries around the world. This American conglomerate company secures its name on the Fortune 500 list consecutively. 3M serves four segments – Transportation and industrial, safety and Health care, electronics, and consumer products. It creates numerous brands and diversified products. One can finds tape to electronic gadgets under this company’s brand. This company’s core belief is to build a sustainable future that will provide equal opportunity and accessibility for all people. 3M develops an exemplary business model that emphasis on innovative products and sustainable growth.
A mission statement is like the skeleton of any company which defines companies business, objectives and how can they achieve those objects. On the other hand, the vision statement depicts the company’s desired position in future. Precise mission and vision statement assist in defining the company’s purpose, operation goals and values.
|Established in||June 13, 1902|
|Founder||Dr. J. Danley Budd, Henry. S. Bryan, William A. McGonagle, John Dwan, Hermon W. Cable.|
Mission Statement of 3M:
3M mission statement is “3M is committed to actively contributing to sustainable development through environmental protection, social responsibility, and economic progress.”
Vision Statement of 3M:
3M vision statement is “3M products enhancing every home. 3M innovation improving every life.”
The value of 3M
The core values of 3M company are the following:
4. Passion for change