3M Company - Five Forces Analysis

3M Company - Five Forces Analysis

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Intensity of Existing Rivalry

Large industry size (3M Company) Large industries allow multiple firms and produces to prosper without having to steal market share...
Fast industry growth rate (3M Company) When industries are growing revenue quickly, they are less likely to compete, because the total...

Bargaining Power of Suppliers

supplier relations interrupted by natural disasters (3M Company) Please edit this page to add a description…
Diverse distribution channel (3M Company) The more diverse distribution channels become the less bargaining power a single distributor will...
Critical production inputs are similar (3M Company) When critical production inputs are similar, it is easier to mix and match inputs, which reduces...

Threat of Substitutes

ample substitute products (3M Company) Please edit this page to add a description…
Substitute has lower performance (3M Company) A lower performance product means a customer is less likely to switch from 3M Company to another...

Bargaining Power of Customers

long term supply contracts involved (3M Company) Please edit this page to add a description…
high concentration of buyers (3M Company) Please edit this page to add a description…
Large number of customers (3M Company) When there are large numbers of customers, no one customer tends to have bargaining leverage....
Product is important to customer (3M Company) When customers cherish particular products they end up paying more for that one product. This...

Threat of New Competitors

Strong distribution network required (3M Company) Weak distribution networks mean goods are more expensive to move around and some goods don’t get to...
Strong brand names are important (3M Company) If strong brands are critical to compete, then new competitors will have to improve their brand...
Advanced technologies are required (3M Company) Advanced technologies make it difficult for new competitors to enter the market because they have to...
Industry requires economies of scale (3M Company) Economies of scale help producers to lower their cost by producing the next unit of output at lower...
Customers are loyal to existing brands (3M Company) It takes time and money to build a brand. When companies need to spend resources building a brand,...
High switching costs for customers (3M Company) High switching costs make it difficult for customers to change which products they normally...

What is Porter's Five Forces Analysis?

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