A Quick Overlook of Sales – Your Cheatsheet

What is 3M?

To begin with,3M is an interesting name. To make it sound more interesting, it is a name given to a company. Once upon a time, 3M had another name. It was referred to as Minnesota Mining and Manufacturing Company. 3M is a corporation that involves a number of countries. This does not deny the fact that it is an American company. The current location of this company is Maplewood, US. This firm was founded in the month of June in the year 1902. This means that, the company has survived a period of one hundred and fifteen years.

To stay for all that time, this company must be making a lot of profit. As a matter of fact, this company employs 90,000 people from all over the world. In exchange, workers perform tirelessly in various sectors to produce and sell goods worth 30 billion dollars every year. With this kind of output, a lot of input has to be put in place to ensure that everything runs smoothly. It starts from the CEO coming down all the way to the staff.

This company has proved to be great over the years. Apart from that, this firm produces over 50000 products each year. Starting at the production level, products at 3M are differentiated all the way to the final product. Also, this firm does not focus on one product but a variety. They include electronic materials, car care products, wax, dental products, car shampoo, abrasives and adhesives. The success of the sales is as a result of this company selling these products through the various outlets it has established. You cannot miss retailers who sell the above commodities to final consumers. However, a customer willing to deal directly with 3M uses the online platform.

The establishment of 3M began in 1902 with five business men at a state known as Minnesota. The primary objective of establishing 3M was to mine corundum. Even after deliberation, they went ahead and experimented but their plan did not bear fruits. This is due to the fact that, this activity proved to be non-economical. After a while, the firm moved to Duluth. A thorough research on sandpaper was carried. Consequently, the founders saw it useful to produce and trade this product. By 1916, the company stabilized as a result of getting more executives.

Throughout the years, the company is proud to have improved in the sectors of research, innovations and inventions of different commodities. Take for instance, in the year 1921, the company invented a waterproof sandpaper. 3M started producing a special type of acid referred to as perfluorooctanoic in 1947. Since 3M is a multinational company, its operations were expanded in countries such as Australia, Germany and Canada. This was early in 1950. 3M qualifies to be one of the greatest firm existing the world.

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