Explore BrainMass

3M diversification strategies

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

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.

© BrainMass Inc. brainmass.com December 20, 2018, 11:59 am ad1c9bdddf

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 ...

Solution Summary

Solution includes a detailed explanation of the reasons behind why an organization would diversify her business.