3M diversification strategies
Not what you're looking for?
Organizations have a variety of reasons to diversify their business and many ways to diversify and retrench. Please provide an explanation.
Review the products 3M offers (http://www.3m.com/http://www.3m.com/) and the markets it serves. Select one or more 3M businesses and comment on their business diversification strategies discussing the role of business diversification in the strategic planning process.
Purchase this Solution
Solution Summary
Solution includes a detailed explanation of the reasons behind why an organization would diversify her business.
Solution Preview
3M is one of the most diversified companies in the world. It produces thousands of products which are a result of science and are sold across all four continents. 3M is currently organized into six business units; Consumer and Office, Display and Graphics, Electro and Communications, Health Care, Industrial and Transportation, and Safety, Security and Protection Services. Some of its commercially successful products include Post-it Notes, Scotch-Brite ...
Purchase this Solution
Free BrainMass Quizzes
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Motivation
This tests some key elements of major motivation theories.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.