3M Company SWOT Analysis

Company has evolved to handle joint ventures, but not all of them turn into successes.

This review provides an in-depth strategic SWOT analysis of the company’s businesses and operations in the areas of internal strengths and weaknesses and external opportunities and threats. (Sector Publishing Intelligence)

The market opportunities and competitive threats that impact Allstate can be discovered through a SWOT analysis. Furthermore, opportunities and threats are the external uncontrollable factors that usually appear or arise due to the changes in a particular industry (Jurevicius, 2013). Moreover, opportunities represent the external situations that bring a competitive advantage if seized upon. More importantly, threats may damage the company so it’s better to avoid or defend against them (Jurevicius, 2013).

LM may see a reduction in costs and an increase in sales (operating economies). LM is currently under pressure to reduce its costs. In 2005, over half of LM’s revenues came from the Department of Defense and only 15% came for international markets. They are relying heavily on the Department of Defense for sales and, by acquiring NSI (thereby getting access to a new customer base), they will be able leverage their expertise and realize higher growth.

The company 's weaknesses are that management comes and goes fast. One day their in and the next their out. Not having stability might affect the company 's performance in the long run. Steady management and ideas are crucial in business. Another weakness is that their latest styles can not be purchased online because of the exclusivity of the brand. This fact along with the threat of overseas manufacturing may hurt BCBGMAXAZRIA in the long run. A recent California economic study showed that apparel jobs might be dwindling. More manufacturers are using oversea factories to gain profits for their companies, rather than developing garments in the United States. Because of this change, many jobs in the apparel industry will be lost and the recession of the economy will increase. This in turn, will decrease spending among Americans in proceeding years that have less money to spend on desired items. Also, seeing that this forecast

So currently Next are having a few small problems due to the consumer environment and changing trends. But as it is a big company and finically strong the chief executive believes ¡§it¡¦s not going to break the company¡Kand we will still have growth¡¨

The ‘Fortune 500’ is a list of top 500 companies, with the highest gross revenue in the United States. The list is complied and published on an annual basis by the Fortune magazine, and it includes both publicly and privately held companies arranged in decreasing order of their gross revenue adjusted for excise taxes. The Fortune 500 list was first was published in 1955, and originally included only manufacturing, mining, and energy industries, but now it has been extended to include service companies as well such as life insurance companies, commercial banks, retailers, transportation etc.

3M began in 1902 in rural Two Harbors, Minnesota, under the name “Minnesota, Mining, & Manufacturing Company” (Minnesota Historical Society, 2010). Currently 3M has countless product lines spanning across multiple areas of the market. However, this company began with a much simpler purpose; mining corundum minerals from Crystal Bay mine (3M Company, 2017). After the mining venture proved to be less successful than 3M founders had hoped, the brought their company to Duluth, MN to start a line of sandpaper products (Minnesota Historical Society, 2010). The founders of 3M believed in innovation and collaboration (3M Company, 2017), it was this collaboration that would lead to the invention of thousands of groundbreaking

Support: As a % of revenue, the SG&A expense has decreased from 21% to 11% from 1996 to 1997, that’s aggressive considering the marketing activities the company carried out. This is associated with the year in which the company introduced a new product. Such years involve large expenses.

PAC Resources, Inc. is a small manufacturing company that specializes in high-quality specialized components for computers. Recently the company has faced a number of issues involving depleting sales, employee unrest, poor management and employee relations, and a lack of HR support. Currently, there are several pending decisions to be solved involving the organization and the HR department, human resource development, safety and security, staffing, compensation and benefits, and employee relations. Ultimately, to resolve these problems the solutions will take account of a SWOT analysis of the company along with multiple sources, potential alternatives, and dissenting opinions as a guide to the best

3M heavily based its business on innovation and while doing this it always supported its employees in terms of being innovative. 3M also always followed the alternative ways in order to increase their profit and market share, and they found that one of the best ways is through organizational innovation. Therefore, in order to improve their business 3M developed 6 different strategies over its history. These strategies helped 3M to promote entrepreneurship and increase customer satisfaction within the market.

The Minnesota Mining & Manufacturing Corporation (3M) was founded in 1902. It reported sales revenues of $16.7 billion during the year 2000. These revenues came from 3M's six business divisions: industrial; transportation, graphics, and safety; healthcare; consumer and office; electro and communications; and specialty materials. All business divisions were profitable in 2000. The same year, the company made more than 60,000 products and about $5.6 billion sales came from products that had been introduced during the prior four years and

The outlook for growth is risky considering this company is very volatile, but if corrections are made to better the industry (i.e. expand

The company 3M is a diverse company that was incorporated on June 25, 1929 with presence in more than 10 industries alone. “3M products are sold through a number of distribution channels, including directly to users and through wholesalers, retailers, jobbers, distributors and dealers in a range of trades in a number of countries worldwide” ("3M Co," n.d., para. 1) The company head quarters is located in St. Paul Minnesota, however 3M has locations all over the United States. 3M is best known within the consumer industry with brands such as Post-it, Scotch, Scotch-Brite, Filtrete, O-Cel-O, Nexcare, and Command. “3M is one of 30 companies in the Dow Jones Industrial Average and also is a component of the Standard & Poor's 500

According to What is SWOT Anlysis (2011), SWOT analysis is an analysis used to identify the internal factors (strengths and weaknesses) of the company as well as external factors (opportunities and threats) of the company.