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3M: Products
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Since inventing Ioban Antimicrobial Incise Surgical Drapes more than 30 years ago, 3M has been a worldwide leader in developing healthcare products and services that assist in infection prevention and control. 3M Health Care, one of 3M's six major business segments, is dedicated to improving the practice, delivery and outcome of patient care and is a leading provider of solutions for medical, oral care, drug delivery and health information markets.
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Defenders of Six Sigma at 3M claim that a more systematic new-product introduction process allows innovations to get to market faster. But Fry, the Post-it note inventor, disagrees. In fact, he places the blame for 3M's recent lack of innovative sizzle squarely on Six Sigma's application in 3M's research labs. Innovation, he says, is "a numbers game. You have to go through 5,000 to 6,000 raw ideas to find one successful business." Six Sigma would ask, why not eliminate all that waste and just come up with the right idea the first time?
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- MINNEAPOLIS -- 3M is now providing consumer electronics manufacturers with a revolutionary advancement in the emerging field of miniature projection technology. 3M scientists developed a breakthrough ultra-compact, LED-illuminated projection engine designed for integration into virtually any personal electronic device. Roughly the size of a wireless earpiece and less than half an inch thick, the 3M mobile projection engine delivers brilliant VGA resolution images and is available today. With the expansion of digital media now accessible by mobile devices, consumers need the convenience of larger displays. “3M mobile projection engines achieve the size, efficiency, image quality and affordability needed for consumer adoption of this promising new product category,” said Mike Kelly, executive vice president, 3M Display and Graphics Business. “This development continues 3M’s long history as a global leader in advanced projection display technology.
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At 3M, McNerney introduced the two main Six Sigma tools. The first and more traditional version is an acronym known as DMAIC (pronounced "dee-may-ic"), which stands for: define, measure, analyze, improve, control. These five steps are the essence of the Six Sigma approach to problem solving. The other flavor is called Design for Six Sigma, or DFSS, which purports to systematize a new product development process so that something can be made to Six Sigma quality from the start.
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Since DeSimone took command, 3M had pumped $1.2 billion into the Information, Imaging and Electronics division, yet operating profit margins remained only a third of the Industrial and Consumer Products and Life Sciences divisions. Persistent pricing pressures from competitors such as Kodak plus rising raw material costs prompted DeSimone to pull the plug on the audio and videotape business. A smaller, leaner operation--the new $2 billion Imation--was deemed to have better prospects in the equally fierce data-storage marketplace.
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On April 4, 2006, 3M announced the will to sell pharmaceutical non-core business. The pharmaceuticals businesses were sold off in three deals, in Europe, the Americas, and the Rest of the World. Another division of the Health Care business, Drug Delivery Systems remains with 3M. The Drug Delivery System division continues to contract manufacture inhalants and transdermal drug delivery systems and has now taken on manufacture of the products whose licenses were sold during the divestiture of the pharmaceuticals business.[2]
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