3M 2004 Annual Report Download - page 5

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innovate, grow, deliver 3
These joint projects produce a relationship with customers that transcends that of the traditional
role of a product supplier. We come to be appreciated as a valued business partner, as well.
During the year, we attained our goal, set in 2001, of training more than 36,000 salaried employees
worldwide in the Six Sigma way of doing business.
Leadership development I fundamentally believe that a company grows when its people grow.
Therefore, I view leadership development as the single most important part of my job. Our 3M
Leadership Attributes – Chart the Course, Raise the Bar, Energize Others, Resourcefully Innovate,
Live 3M Values and Deliver Results – are fully integrated into both our leadership assessment process
and our compensation system.
We’re committed to developing the best group of leaders in 3M’s history, and we continue to invest
tremendous energy and effort to meet this goal.
Ethical business behavior Achieving results ethically is a cornerstone of the 3M culture. More than a
century of operating with honesty and integrity has earned the company trust from customers, respect
and credibility in our communities, and dedication from our employees. Our reputation is an incalculable
asset and a source of pride for 3Mers everywhere. We recognize that good reputations are much more easily
lost than won, and we’re fully committed to protecting our reputation for straightforward, ethical behavior.
As part of this commitment, we have put into place written, detailed ethical conduct policies, and we
provide training in ethical business conduct for 3M employees worldwide.
Resolve and commitment We’re a company that has developed an enormous capacity to manage many
new concepts and directions simultaneously, and I believe all of the elements are in place to enable us
to sustain solid, profitable growth. We have leading market positions, a rising flow of innovative new
products, close relationships with customers, a strong global presence, powerful brands and a talented
global team. This team is focused on leveraging 3M’s unique strengths and effectively executing our
game plan day-in and day-out, year after year.
W. James McNerney, Jr.
Chairman of the Board and Chief Executive Officer
February 14, 2005