The 3M Company is an American multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods.

Conglomerate

United States of America

The Conglomerates sector refers to the area of the market occupied by large corporations comprised of diverse and unrelated business units. The rise of the conglomerate model began as ambitious businesses keen to expand were unable to grow in their own sector. Firms began acquiring businesses in unfamiliar sectors and diversifying themselves. Conglomerates may be regarded as dinosaurs in the developed world, but in emerging markets, diversified business groups continue to thrive, namely south east Asia. Investors in the west believe that diversification destroys value. However that is changing. Tech companies, with their abundant cash flows, are becoming a new version of the conglomerate, investing in research & development sometimes far afield of their core competencies. Diversified enterprises, by one name or another, will play a big role in the business world for a long time.

Irvine

California

Maplewood

Minnesota

10,001+ Employees

Find out how 3M Science is helping Luke keep his workspace virtually dustfree-so that woodworkers like him can do more of what ...

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