3M has earned a top spot on Booz & Company's list of most innovative
companies for the third consecutive year, ranking number three behind
Apple and Google.
Booz & Company, a global management consulting firm, surveyed nearly 700
innovation leaders from companies worldwide to determine which companies
those leaders see as the most innovative companies in the world.
In addition to the survey, Booz & Company also examined corporate R&D
spending through its Global Innovation 1000 Study, which looked at the
1,000 public companies that spent the most on R&D in 2011. Last year, 3M
spent approximately $1.6 billion on R&D. The studied revealed that the
most innovative companies are not necessarily the biggest spenders. For
example, among the Global Innovation 1000 companies 3M ranked 86th
in R&D spending, while Apple and Google ranked 53rd and 26th
Earlier this year, 3M set a vision for the company that captures the
essence of its innovative culture: 3M technology advancing every
company; 3M products enhancing every home; and 3M innovation improving
3M captures the spark of new ideas and transforms
them into thousands of ingenious products. Our culture of creative
collaboration inspires a never-ending stream of powerful technologies
that make life better. 3M is the innovation company that never stops
inventing. With $30 billion in sales, 3M employs 84,000 people worldwide
and has operations in more than 65 countries. For more information,
or follow @3MNews on Twitter.
Donna Fleming Runyon, 651-736-7646