3M Case Analysis: Cultivating Core Competences

Essay from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: A, Stockholm University (School of Business), course: Global Strategic Management, language: English, abstract: The following report assesses the strategic performance of 3M in 2006 by evaluating its core competence, its competitive advantage and its strategy used to reach 3M s mission which is defined as Solving and delivering unique solutions for original equipment manufacturers and mass channel customers . This analysis brings forward a set of recommendations, consisting of an integrated set of actions which will exploit the company s competences more efficiently and therefore maximize value and enhance the company s strategic competitiveness in the future.