3M Company Quiz

What year did 3M celebrate its year after being ranked in the Fortune 500 as the 'most respected company' and 'most innovative company'?

• 1989

• 1990

• 1995

• 2000

Which of the following products is NOT mentioned as a product developed by 3M?

• Post-it Notes

• Floppy disks

• Smartphones

• Medical diagnostic products

As of the data in the case study, how many countries does 3M operate in?

• 51

• 61

• 71

• 81

According to the case study, what average year-on-year growth in sales did 3M products achieve over 16 years?

• 5%

• 10%

• 15%

• 20%

Which year did 3M record sales of 24,400 in the data provided?

• 2005

• 2006

• 2007

• 2008

What is the primary goal of the 3M company's approach to innovation as described in the text?

• To ensure all products are over four years old

• To have 30 percent of sales from products less than four years old

• To increase the number of senior managers

• To replicate competitor strategies

According to the text, what is a key method 3M uses to foster creativity among its engineers?

• Limiting project funding to $10,000

• Allowing engineers to spend 15 percent of their time on personal projects

• Requiring all projects to be team-based

• Implementing strict deadlines for project completion

What is the purpose of 3M's 'genesis grants' as mentioned in the document?

• To provide financial assistance up to $75,000 for developing new ideas

• To fund marketing campaigns for new products

• To cover operational costs for projects older than four years

• To reward managers for outstanding performance

Which famous 3M product was developed as a result of allowing employees to work on their own projects?

• Waterproof tape

• Post-it Note

• Safety glasses

• Permanent markers

What was Spencer Silver's primary task at 3M as a research chemist?

• To improve existing adhesive products

• To produce the strongest adhesive on the market

• To produce an extraordinary adhesive

• To find a use for a previously developed adhesive