3m Executive Summary Essay
Strengths ■ Over 50,000 patents extended over 13 technology platforms which range from abrasives to polymers ■ Global company - businesses in over 60 countries and 139 plants world-wide ■ Strong recognition for regular innovations with useful applications ■ Operational efficiencies - price of product sales declining and margin % raising through the years ■ IBD's new technique was to change from margin growth to top line development ■ Corporate brand power and technology behind its items with unique supplier status, item driven organization with solid R&D path, and geographic specialization ■ Through lean applications IBD is happening to shorten enough time to go to marketplace ■ IBD is acquiring item specialization in tapes
There are two types of person applications IBD has set up; production plant life and servicing services. IBD is something driven organization with solid R&D and keeps over 50,000 patents internationally.Their tapes and adhesives have 50% - 60% distribution income and abrasives have got an astonishing 40% - 50%. These were known for regular improvements with practical applications.
OEM and MRO are main client segments for IBD. OEM's marketplace is maturing and is normally creating IBD's development to be gradual. They demand what IBD can support; high-valued products and brand quality because it is part of the finished product. However, MRO segment can be fragmented with little brand loyalty; therefore IBD hasn't concentrated in the forex market. The MRO market was
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