3M Mission Statement 2020 | 3M Mission & Vision Analysis
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3M (Minnesota Mining and Manufacturing) Mission and Vision Statements Analysis

3M (Minnesota Mining and Manufacturing) Mission and Vision Statements Analysis

3M mission statement is “3M is committed to actively contributing to sustainable development through environmental protection, social responsibility, and economic progress.” The focus of this company is to leave an impact on all aspects of the society through its products. The statement has the following primary components:

  1. Improving lives
  2. Exceeding expectations

The dedication of 3M (Minnesota Mining and Manufacturing) in research in different areas is proof of how it changes the lives of people. The company demonstrates that it applies science ingeniously to improve the quality of life of people. It does this in areas such as healthcare, automotive, safety, transportation, energy, sports, and recreation as well as in home improvements and many others.  3M is proof of a company that perseveres and goes out of its way to achieve its mission. This is evidenced by its indiscriminate dedication of resources to all problems in the society – both small and big.

Introduction

As one of the major fortune 500 companies in the U.S, 3M has a rich history that affirms the importance of its mission and vision statements to its current position in the global markets. It started as a Minnesota Mining and Manufacturing Company in 1902 with the sole purpose of mining corundum. Those humble days saw the rise of a conglomerate led by mission and vision statements that emphasize on collaboration and innovation.

A corporate vision statement is a tool that sets the desired future to work towards, while a corporate mission statement is a mechanism through which a company can progress and grow. In this case of 3M, its vision statement is to propel the creation of impactful products to its customers. On the other hand, its mission statement emphasizes on employing its resources to positively change the lives of the people it serves. 3M advances these objectives with the help of its core values, and that is why it has grown into a major corporation.

Vision Statement

3M vision statement is “3M products enhancing every home. 3M innovation improving every life.” This vision statement identifies the developmental path of this corporation. It has two main components:

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  1. Enhancing every home
  2. Innovations for everyone

The success of 3M (Minnesota Mining and Manufacturing) as shown in the first component is drawn from its desire to leave an impact even at the very basic levels. In this way, it has been able to meet the needs of virtually every customer in the market. All this progress is a direct benefit of the innovations sparked by the passion within this company. Through collaboration with researchers and the early foundation, 3M boasts of having approximately 60, 000 of its products or more in use across different industries and homes today.

Core Values

3M core values include “collaboration, innovation, perseverance, passion for change, integrity, and honesty.” The current status of 3M is a resultant of a gradually build internal culture over the years. This has been made possible due to the core values enforced by the company since its early days. Together, these values have enabled 3M to emerge as one of the biggest and reputable corporations in the U.S and beyond.

References

  • 3M – About.
  • Bowen, S. A. (2018). Mission and vision. The International Encyclopedia of Strategic Communication, 1-9.
  • Dumitraşcu, M., & Feleagă, L. (2019). Mission, Vision, and Values of Organizations, the Catalysts of Corporate Social Responsibility. Audit financiar17(1).
  • Hofstrand, D. (2016). Vision and Mission Statements–a Roadmap of Where You Want to Go and How to Get There. Ag Decision Maker.
  • Kreutzer, R. T. (2019). Vision, Mission and Goals. In Toolbox for Marketing and Management (pp. 33-48). Springer, Cham.
  • Slater, R. E., & Mizon, J. (2018). In Search of Organisational Values: a collaborative action research study to find values to underpin the organisational vision and mission. eO and P25(4), 32-42.
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