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3M Minnesota Mining & Manufacturing

3M Minnesota Mining & Manufacturing. Alexandre CHARPENEL Guillaume CHRESTIA-BLANCHINE Vivien HERIARD DUBREUIL Bastien LOSFELD Sylvain PETIT LAURENT Olivier TROUDET. 3 Juillet 2003. Topics. Activities and Key-numbers Innovation management Strategy 3M-Point of View about France

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3M Minnesota Mining & Manufacturing

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  1. 3MMinnesota Mining & Manufacturing Alexandre CHARPENEL Guillaume CHRESTIA-BLANCHINE Vivien HERIARD DUBREUIL Bastien LOSFELD Sylvain PETIT LAURENT Olivier TROUDET 3 Juillet 2003 1

  2. Topics • Activities and Key-numbers • Innovation management • Strategy • 3M-Point of View about France • 3M expectations 2

  3. 3M Activities • 6 main fields of activities • Guide line Leading through innovation 3

  4. Key-numbers 4

  5. Structure of 3M in France • 3 Headquarters • 3M France SAS (60%) Security, Protection, Signs, Mass Market, Office supplies… • Laboratoires 3M Santé SAS (32%) Health • Pouyet 3M Télécommunications (8%) Telecommunication 5

  6. France as a strategic country • Fifth market place in the world • 27% of the European Turnover • 70% of 3M’s products sold in France are made on the spot 6

  7. 3M contribution • The financial area • The human field 7

  8. Innovation management • 7000 researchers in the world (10% of the staff) • 6.5% of the Turnover in R&D ($1.1bn) • 40% of the Turnover realised with new products (less than 4 years old) 8

  9. Bu Global Application Bu Local Innovation Bu Innovation management • Policy • 100 millions euros revenue for each project (Go/NoGo) • 3 ways for acquiring technology • In-house research • Purchasing patents or companies • Developing personal project : Each researcher spends 15% of their time on a project of his choice • Expanding an innovation to the potential markets 9

  10. Strategy • Growing on their own strength Permanent investment & improvement of the actual infrastructure • 3M acceleration Reducing time between innovation and product on market • External growth and partnerships Targeting the highest potential markets 10

  11. Implementation in France • Improvement of infrastructures • Pithiviers, new production line (22 M€ in 1998) • St-Ouen , new european distribution center (48.5 M€ in 1999) • Beauchamp, european R&D center for unwoven materials (10 M€ in 2001) • 3M acceleration • 40 % of sales with innovations from less than 4 years • Concentrating the investment on the best projects (hierarchy of programs) • External growth & partnerships • Acquisition of Pouyet telecommunication (2000) • World distribution of health treatment with Eli lilly (2001). 11

  12. 3M-Point of View about France • Main Strengthes • Attractive and growing French market • Financial aids for R&D activities • French innovation and creativity • Very high quality engineering • Education system • Central geographic position in Europe • Excellent transport and communication • Infrastructures 12

  13. 3M-Point of View about France • Main Weaknesses • Inflexible juridical, fiscal and social environment (labour costs, taxes, labour regulations, 35 hours law...) • Lack of French attractivity for Top manager (personal fiscal reasons, bad image of France...) 13

  14. 3M expectations • Next target markets • Do It Yourself • Professional cleaning materials • Security of goods • Optical fibers, films and biotechnology • Preference markets • Telecommunication, health, optics and electronics • Should represent 35 % of 3M growth in 2003 (25 % in 2000) 14

  15. 3M expectations • Go on Innovation Management • Every opportunities of doing Research & Development activities (especially High Tech) • Personnel quality • Patents of technology or innovating products • Go on investing in France • Strategic position in Europe • Transport and telecommunication networks • Large Market • Production closed to R&D area 15

  16. Conclusion • Continuous investments in France since 1951 • French attractivity based on R&D environment (fiscality, education…) • France is in adequation with the 3M worldwide strategy 16

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