...profile ( 2011 ). (n.d.). Retrieved from http://www.politicalaccountability.net/index.php?ht=a/GetDocumentAction/i/5154 Common blog, what does 3m, unitedhealth group and comcast have to do with trayvon martin?. (2013). Retrieved from http://www.commonblog.com/2012/03/29/what-does-3m-unitedhealth-group-and-comcast-have-to-do-with-trayvon-martin/ Center for Responsive Politics, (2012). 3m co expenditures. Retrieved from website: http://www.opensecrets.org/pacs/expenditures.php?cycle=2012&cmte=C00084475 Center for Responsive Politics, (2012). 3m co. lobbying. Retrieved from website: http://www.opensecrets.org/lobby/clientsum.php?id=D000021800&year=2012 Public Citizen, (2011). 12 months after the effects of citizens united on elections and the integrity of the legislative process. Washington, D.C.: Public Citizen. Retrieved from http://www.citizen.org/documents/Citizens-United-20110113.pdf 3m community giving. (2013). Retrieved from http://solutions.3m.com/wps/portal/3M/en_US/Community-Giving/US-Home/ Economic recession and competitive advantage. (2009, December 30). Retrieved from http://ayushveda.com/blogs/business/economic-recession-and-competitive-advantage-the-3m-case/ Black, T. (2013, April 26). 3m cuts 2013 profit forecast on slowing demand. Retrieved from http://www.bloomberg.com/news/2013-04-25/3m-profit-trails-analyst-estimates-as-europe-slumps.html The National Bureau of Economic Research, Public Information Office. (n.d.). Us business...
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...3M Business Analysis III Steve Phelps MGT/521 April 23, 2012 3M Business Analysis III To answer the question of how current economic trends are affecting 3M and what strategies 3M is using to adapt to the those economic trends, it is necessary to understand what the current state of the United States economy is, then define what economic trends exist. The Economy The best ways to understand what encompasses the economy in the United States is to first look the Gross Domestic Product. This statistic measures the country’s total output. According to the Gross Domestic Product, the United States economy is everything produced by every company and person in the United States. This year the Gross Domestic Product was totaled just over $15 trillion, according to the Bureau of Economic Analysis. The Gross Domestic Product is made of four primary components: Personal Consumption Expenditures, which measures consumer spending; Business Investments, which is basically purchases that companies make to produce consumer goods; Government Spending; and Net Exports of Goods and Services, which measures what is added and subtracted to the Gross Domestic Product with exports and imports, respectively. Of these four components, it is the Personal Consumption Expenditures that is probably the most important of the Gross Domestic Product, as it accounts for a large part of the United States economy. Over 60%...
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...Fall 2014 - Acct 218 -- Final Exam Problems – Take Home Version Name_______________________________________________________________Date___________ 1. CALCULATION OF DIVIDENDS-BASED VALUE. Royal Dutch Shell is a petroleum and petrochemicals company. It engages primarily in the exploration, production, and sale of crude oil and natural gas and the manufacture, transportation, and sale of petroleum and petrochemical products. The company operates in approximately 200 countries worldwide—in countries in North America, Europe, Asia-Pacific, Africa, South America, and the Middle East. During 2006–2008, Royal Dutch Shell generated the following total dividends to common equity shareholders (in USD millions Analysts project 5 percent growth in earnings over the next five years. Assuming concurrent 5 percent growth in dividends, the following table provides the amounts that analysts project for Royal Dutch Shell’s total dividends for each of the next five years. In Year 6,total dividends are projected for Royal Dutch Shell assuming that its income statement and balance sheet will grow at a long-term growth rate of 3 percent. At the end of 2008, Royal Dutch Shell had a market beta of 0.71. At that time, yields on intermediate-term U.S. Treasuries were roughly 3.5 percent. Assume that the market required a 5.0 percent risk premium. Royal Dutch Shell had 6,241 million shares outstanding at the end of 2008 that traded at a share price of $24.87. Required a. Calculate the required...
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...ASSIGNMENT As the end of his first year comes to a close, George Buckley (CEO) is evaluating his strategic approach and its ability to drive desired results for 3M during the upcoming year. He has asked you to prepare a report assessing strategic performance during 2006 and to make recommendations for enhancing strategic competitiveness in 2007. You will have a 10 minute meeting with Buckley to highlight your findings, so you should prepare 3-5 Power Point slides to provide an overview of your written report and to summarize the results of your analysis and supporting exhibits. Your report and overview should address the following key strategic issues: 1. Establish criteria for judging strategic performance by comparing past successes and strategies. Use a Balanced Scorecard framework to make sure that both financial and strategic controls are used to assess performance. 2. Define the company's core competency. 3. Determine if the company has a sustainable competitive advantage. If you determine that a sustainable advantage exists, support your claim. If you find it lacking, recommend actions that would secure a sustainable competitive advantage. 4. Identify any external environmental forces that have strategic implications in the future. 5. Evaluate the success of 3M's strategy in 2006 based on the criteria identified for judging strategic performance. 6. Evaluate 3M's Acquisition strategy. 7. Recommend an integrated and coordinated set of...
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...opportunities and threats to assist 3M in making business strategic plans and decisions (Renault 2015). Whereas, opportunity-based theory is used to support the behavior of 3M’s leaders in discovering and taking advantages of possibilities in the business without regarding to resources currently controlled (Pramanik 2015). SWOT Analysis stands for strengths, weaknesses, opportunities and threats existing in the business of 3M. In term of strengths, 3M has a diversified business because of their broad range of products and 6 different types of business segments provided. For example, the various products include Post-It Notes, Scotch Tape, high-tech LCD films and so on while the business segments include Healthcare, Industrial & Transportation, Consumer & Office, Display & Graphics (D&G) and so on to figure 1 in appendix list. Besides, 3M has also a strong Research and Development (R&D) where they spend more than a billion dollars on R&D in a year, around 20% of this budget supports its 32 technology centers. At the same time, 3M also employed approximately 1000 researchers that work in each of the technology centers to improve new product development (Gerybadze n.d.). In addition, there are various R&D centers established such as central research function in 1937, Technical Forum in 1951 and so on based on the 3M case study. Furthermore, another strength of 3M Company is that it has strong innovation and made 3M included in the list of 50 most innovative...
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...being transferred to countries with cheaper labor such as IT support now done in India (neoIT, 2007) and the People’s Republic of China is nowadays by some referred to as ‘the factory of the world’ (Chang 2006). China’s WTO accession accelerates the trend giving hope for a greater market access and a more predictable commercial environment. In 1984, 3M established its China branch and was the first foreign-invested enterprise established outside the Shenzhen special economic zone. Then, the US multinational 3M Company developed its business and worked on developing a research and development (R&D) center in Shanghai like many other MNCS (158th set up in Shanghai by multinationals). Recently, 3M even doubled its China's R&D center size and staffing, giving birth to an important R&D hub for 3M's global business enabling the company to better supply products needed in the industries of electronics, telecommunications, automobiles, shipping, aviation, medical care, housing and leisure," company officials said. Today, 3M has 11 companies and 19 offices across the country, employing more than 5,000, showing a long-term commitment for the Chinese market. Through those trends, we can notice how R&D is now important in the globalization process. Li-Hua and Khalil (2006) argue that the international business environment is affected by globalization and this emphasizes the importance of studying synergies and differences between Western and Eastern management concepts. ...
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...Review SKIN FUNCTION AND WOUND HEALING PHYSIOLOGY John Timmons is Clinical Manager, Wounds UK and Tissue Viabiliy Nurse, Aberdeen Regular evaluation and the setting of goals is essential to monitor the progress of the patient and their wound.To do this, is important to understand the physiology of the skin and the way normal wound healing progresses in order to plan and provide effective wound management. This article describes the structure and function of the skin and outlines the four normal phases of healing. Wound healing is an exciting and continually developing field, with new technologies and research playing a large part in improving the quality of patient care. The role of the nurse in wound care is all encompassing, stretching from the initial assessment of the wound and the patient, to making the correct decisions about treatment and beyond. Regular evaluation, and the setting of goals is essential to monitor the progress of the patient and the wound. To do this, a baseline knowledge of the functions and anatomy of the skin and wound healing physiology is required. Figure 1. When the skin is breached, it is important to close the defect as quickly as possible, thereby preventing infection from occurring. vital substances (Graham-Brown and Burns, 1998). the nerve endings present in the skin allow the body to detect pain, and changes in temperature, touch and pressure. 8Sensation: Functions of the skin The skin, often referred to as the largest body...
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...3M’s Business Segments 3M Company had a rocky start in 1902 as "Minnesota Mining and Manufacturing," an almost-failed mining company. In 2002 it changed its name to 3M; today the company is a diversified industrial and consumer products company operating six business segments. 3M sells the majority of its products to retailers or other large distributors; some large companies and hospitals have direct accounts with 3M for their more specialized technologies. Best known for brands including Scotch tape, Post-It, and Nexcare, 3M makes over 55,000 products ranging from sandpaper and bandages to wide screen LCD TVs. The thread that unifies the majority of 3M’s products is that they are based on applying coatings to backings (e.g., sandpaper). Divisions with key product offerings are listed below: * Healthcare (18.6% of sales): Medical Supplies; Skin Products; Pharmaceuticals (sold in 2007); Drug Delivery Systems; Dental / Orthodontic; Health Information Systems; Microbiology * Industrial & Transportation (30.8% sales): Abrasive Systems; Industrial Adhesives; Personal Care; 3M Dyneon; CUNO; Specialty Materials; HighJump Software; Aerospace; Packaging; Automotive * Consumer & Office (15% of sales): Stationary; Office; Home Care; Protection; Construction; Home Improvement; Visual Systems * Display & Graphics(13.5% of sales): Optics Systems; Commercial Graphics, Traffic Safety Systems; Touch Systems * Electro & Communications (9.8% of sales):...
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...monetary policy actions in India. Literature Review There are a number of studies in USA on how term structure responds to the expectations about the central bank’s monetary policy actions. Cook et al (1989) found that changes in the federal funds target rate (FFTR) in the 1970s caused large movements in short term interest rates, moderate movements in medium term rates, and small movements in long term rates. Kuttner (2001) estimated that the bond rate’s response to expected changes in monetary policy is negligible, while their response to unexpected changes is significant. Faust et al (2002), as reported by Goukasian et al (2006), using prices from federal funds futures contracts derived the unexpected component of Federal Reserve policy decisions and assessed their impact on the future trajectory of interest rates. 1 Goukasian et al (2006) measured the expected and unexpected components of the changes in the FFTR and the sensitivity of the term structure of zero rates to those changes. They used two alternative models of term structure – the NelsonSiegel model and the extended Vasicek model. They calibrated both models along with data on changes in the FFTR and studied the impact of monetary policy on the...
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...What actions, policies, strategy are used by the selected organization to motivate innovations among its employees? 3M Company, previously known as the Minnesota Mining and Manufacturing Company is an US MNC. They focus on two core themes – Deep technological competence and Strong product development capabilitie. * Setting stretch targets – such as demarcation of profit generated from X product in Y year sets benchmark for others. * Allocating resources as “Slack” – Ample of space, time and opportunity to grow. * Encouragement of “bootlegging” employees working on innovative projects. * Access to resources in a non-formal manner. * Different levels of Venture capitalist and provision to stag resource for innovators. * Intra-Entrepreneurship – Letting people take their idea forward within the organization and without having them leave. Are innovations are introduced by individuals or teams? 3M has department demarcation at various levels. For instance, they not only address the one who has done a great innovation but also the ones who have put in a lot of effort for the product; therefore having an award for effort rather than achievement. At 3M, the strategy is to reward the one who is actually involved in the process hence enabling everyone to come forward. If it is group effort, it will be introduced by the group leader having all the members recognized and if it’s in an individual effort; he/ she will also reckon the people who have...
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...Week 4 Marketing What are the characteristics of the target market for the 3M Greptile Grip golf glove? The primary target market for the 3M Greptile Glove are the baby boomers; those born from 1946-1964. These consumers are the first target market for 3M because these consumers have reached their prime earning potential; which allows them to spend more money on leisurely activities, like golf. Second, 3M has observed the geographic switch of golfing population from East and North to South and West. These changes have occurred because the climate in the South and West stays consistent year round, allowing for golfers to engage in games throughout the year. Third, golf course development has increased in the U.S. to 17,000 courses in 2006, giving golfers an opportunity to play just about any time and any place. Finally, golf has become popular among all age groups and ethnicities. Women now account for 25% of all golfers and minorities have increased by 10%. With the market segments widening each year, 3M has an opportunity to capitalize on many different segments of the marketplace. (Roger, 2009, pp.276-277) Resource: Roger A. Kerin (). Marketing [9] (VitalSource Bookshelf), Retrieved from http://devry.vitalsource.com/books/0077590457/id/P10-241 Compare the product life cycle described by BMW for its cars to the product life cycle shown in Figure 11-1. How are they similar? How are they dissimilar? They do not release every product at the same time; staggering...
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...LIFECYCLE OF CORPORATE IDENTITIES Executive Summary The research attempts to explore the need for a change in corporate identity by organizations and to figure-out a pattern, if any, associated with such a change across organizations. As the introduction to the paper we have defined ‘Corporate Identity’, its purpose and elements. In this paper we have limited our case studies to corporate identities that have reflected some kind of a visual change apart from changes in any other element. We have analyzed ten inflexion points ranging from mergers and acquisitions to business re-orientation to changes in organizational culture and how these factors necessitate changes in corporate identity. Based on this we have proposed a model which showcases the growing impact of these factors over time and how the occurrence of World events has intensified the ‘change factors’ which in turn are putting all the more pressure on corporations globally to reconsider their identity. The intensity of these factors would vary from industry to industry, with each industry having a different lifecycle. The model brings out the paradox of shortened lifecycle of corporate identities which itself poses an extraordinary challenge to companies for effectively elongating and managing their identities. Changing ones corporate identity is not only an expensive affair but can also create dissonance in the minds of the stakeholders, if not managed and communicated properly. In order to succeed companies will...
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...1. Introduction 1.1 Purpose of report In order to generate business growth in the near future, the Industrial Business Division (IBD) of 3M Canada has considered changing its focus of serving original equipment manufacturers (OEM’s) to serving maintenance, repair and overhaul (MRO’s) customers. However this strategic decision comprises of many opportunities and challenges. The prime goal of IBD is to increase its organic growth from (3-5) per cent, to (12-15) per cent by 2008 (Hutt & Speh, 2010). The purpose of this report is to provide a plan of action that will assist IBD to achieve its new business growth mandate. 1.2 Company Background The Minnesota Mining and Manufacturing Corporation which is now known as 3M, was established in 1902. 3M is a multinational company with over 50 divisions worldwide. Its first subsidiary was set up in Canada. The Industrial Business Division of Canada caters for a broad range of industrial markets. Its success can be attributed to its customer focus approach which has resulted in beneficial transactions, particularly with OEM customers. By 2006 IBD had become the second largest division in terms of sales (Hutt et al., 2010). However the company’s growth and development was slowly approaching a stand still. The maturity of the OEM segment meant that IBD needed to asses other market options and opportunities. Could inroads into the unfamiliar MRO segment provide sustainable growth? This is the question that IBD needed to answer. 1.3...
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...Profitability & Effectiveness (ttm) ROA 10.12% ROE 22.75% Profit Margin 12.41% Oper Margin 18.8% Gross Margin 46.6% ANALYST NAME Leslie Moore Lcmp77@mail.missouri.edu Company Background 3M is a diversified global technology and manufacturing company offering a broad range of products. It was founded in 1902 along the north shore of Lake Superior in Minnesota by Henry Bryan, Herman Cable, John Dwan, William McGonagle and Dr. J. Danley Budd. The original plan for the company was to mine the mineral corundum which would then be sold to manufacturers of grinding wheels. The company first began its product portfolio with sandpaper and has grown it to over 55,000 products today. Some of the most recognizable brands include Filtrete, Nexcare, Scotch, Post-It and Scotch-Brite. It is currently headquartered in Maplewood Minnesota, a suburb of St. Paul, and has over 76,000 employees worldwide. 3M Corporation was originally known as Minnesota Mining and Manufacturing Company and is an America Multinational Conglomerate Corporation. It is one of 30 companies listed in the Dow Jones Industrial Average and is also a component of the Standard and Poor’s 500 index. 3M is a very diversified globally and continues to look for opportunities to grow its international businesses. Some of the major acquisitions over the past year have occurred in markets outside the US. International sales currently account for...
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...attendance of our stockholders at annual meetings over the years has been very helpful in maintaining good communication. For information on how to attend the Annual Meeting, or listen to the live webcast, please read ‘‘Annual Meeting Admission’’ on page 1 of the accompanying Proxy Statement. Your vote is important. Whether or not you plan to attend the Annual Meeting, please vote as soon as possible. You may vote your proxy on the Internet, by telephone, or, if this Proxy Statement was mailed to you, by completing and mailing the enclosed traditional proxy card. Please review the instructions on the proxy card or the electronic proxy material delivery notice regarding each of these voting options. Thank you for your ongoing support of 3M. Sincerely, 7MAR201222590816 2015 ANNUAL MEETING OF STOCKHOLDERS NOTICE OF 2015 ANNUAL MEETING AND PROXY STATEMENT TABLE OF CONTENTS Notice of 2015 Annual Meeting of...
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