Business Management With 3M Serves Samples †MyAssignmenthelp.com

Question: Discuss about the Business Management With 3M Serves. Answer: Major market and Industry that 3M serves 3M deals in the business of many things but the major market in which it works is the science and technology. This company is known for its innovations that help in manufacture products that are capable of solving problem related to the daily lives of people (Boh, Evaristo and Ouderkirk, 2014). It serves for the industry named Conglomerate and hence deals in the business of many items. It is manufacturing more than 55,000 products which involves personal protective equipment, electronic materials, laminates, passive fire protection, Health care products, passive fire protection, dental and orthodontic products, Car-care products, electronic circuits, optical films, software for health care. This company is producing wide range products that are user friendly and providing solutions to many day to day personal life problems (Garud, Gehman and Kumaraswamy, 2011). With its diversified range of products this company is market leader in the industry and is employing approximately 90000 pe ople. It is operating its business in more than 65 nations. This company believes in manufacturing products as per the demand of the consumers and different markets. With the help of such a large laboratory facilities and with experienced researchers they are easily producing such a wide variety of products. One of the basic ideas of their business is to add technological features in the daily life products so as to make it more users friendly. New product that company has introduced This company is known for making new products as per the demand of the society and market. This company invests a lot for the research purpose which helps in enhancing its product range (3M science applied to life, 2018). Recent innovations in Health Care done by 3M is in the fields of diabetes and plating up food safety. In the diabetes it has invented new medical equipment that helps in monitoring diabetic symptoms. In order to help in making glucose testing easier, they have developed increased microfluidic technology and hydrophilic films that enables multiple fluid test that is to be performed on a single chip rather than being in a full-flagged laboratory. In order to maintain a skin that is healthy or help manage wounds associated with diabetes they have developed a new range of support skin health products which includes the medicine, ointments. All this system helps a person to manage their diabetes check-up from time to time especially before and after the food intake. They have also developed one drop diabetic test for checking the blood sugar level. In their food test that helps in detection of microbial bacteria in the food products. Ready to use Petrifilms helps in detecting of the bacteria like E-coli and listeria to Staph, Yeast, Mold and salmonella. This test reduces the waste by around 66 % and it is utilising 76 % less amount of energy that is currently used for testing of the food (3M science applied to life, 2018). Apart from this 3M has developed new silicon dressing that is managing wounds in a much better was an important innovation in injury prevention programs. It has also developed new kind of blankets which is known as Multi-Position Upper body Warming blanket. References Boh, W.F., Evaristo, R. and Ouderkirk, A., 2014. Balancing breadth and depth of expertise for innovation: A 3M story.Research Policy,43(2), pp.349-366. Garud, R., Gehman, J. and Kumaraswamy, A., 2011. Complexity arrangements for sustained innovation: Lessons from 3M Corporation.Organization Studies,32(6), pp.737-767. 3M science applied to life, 2018. Medical. [Online]. Available at: https://www.3m.com/3M/en_US/medical-us/. [Accessed on: 13th February 2018]. 3M science applied to life, 2018. 3M Health care. [Online]. Available at: https://www.3m.com/3M/en_US/health-care-us/. [Accessed on: 13th February 2018]