BOOZ & CO: 3M COMPANY A TOP INNOVATOR
LONDON ON (November 12, 2012) – For the third consecutive year, 3M Company has earned a top spot on Booz & Company’s coveted list of the ten most innovative companies, ranking third behind Apple and Google.
“We’re honoured 3M Company has been recognized again as one of the world’s most innovative companies,” said Paul Madden, 3M Canada’s President and General Manager. “Innovation is the foundation of this company and inspires how we serve our customers across the world and right here in Canada, from the work that’s done in our laboratories and manufacturing facilities across the country to our partnerships with non-profit organizations and how we engage employees.”
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 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. The study revealed that the most innovative companies are not necessarily the biggest spenders. Last year, 3M spent approximately $1.6 billion on R&D globally. For example, among the Global Innovation 1000 companies 3M ranked 86th in R&D spending, while Apple and Google ranked 53rd and 26th respectively.
3M’s revived vision for the company captures the essence of its innovative culture: 3M technology advancing every company; 3M products enhancing every home; and 3M innovation improving every life. For more information about the company’s vision, watch this video. For more information, visit www.3M.ca or follow 3M Canada on Twitter: @3MCanadaCares.
About 3M Canada
Established in 1951, 3M Canada Company was one of the first international subsidiaries opened by 3M and remains one of the largest. 3M Canada’s head office and original manufacturing site is in London, Ontario where approximately half of the company’s 1,800 employees work. Other locations include Calgary, Alberta; Milton, Brockville, and Perth, Ontario; and, Morden, Manitoba. Globally, 3M has operations in more than 65 countries and 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.