21 of 50
Top 50 rank: 21
Rank in Medical Equipment: 1
(Previous rank: )
Overall score: 6.49

Why it's admired:
3M brought the world sandpaper, masking tape, and DVDs, earning it a spot in the business history books as one of the world's most innovative companies. Its 1948 move to formally institute the 15% rule was one of the most famous corporate decisions of all time. Under the policy, technical employees can take up to 15% of their time to work on pet projects. Meaning they can take paid time to do things like, say, invent Post-it Notes. Google is among many companies to copy the policy. An idea-generating machine, 3M aims to have 30% of its some $30 billion annual revenue come from products introduced in the last five years. It hasn't always met that goal -- in 2005 the number was only 21% -- but the share is now above 30% and poised to grow, analysts say. —AV

St. Paul, MN
Website: www.3m.com
Nine key attributes of reputation
Industry rank
People management
Use of corporate assets
Social responsibility
Quality of management
Financial soundness
Long-term investment
Quality of products/services
Global competitiveness
From the March 18, 2013, issue.


What do you think of 3M?
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The Most Admired list is the definitive report card on corporate reputations. Our survey partners at Hay Group started with approximately 1,400 companies: the Fortune 1,000—the 1,000 largest U.S. companies ranked by revenue—and non-U.S. companies in Fortune's global 500 database with revenue of $10 billion or more... More
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