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An analysis of 3m, the innovation company
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Recommended: An analysis of 3m, the innovation company
How to Foster Breakthrough Innovation for 3M Way
Innovation at its Core
3M's innovation culture comes from the times when the five entrepreneurs who created a company to explore a mine of what they thought being corundum, realized that all they had was a low grade anorthosite, which would not meet the requirements of the booming abrasive industry as they initially believed. Quickly they had to adapt and focus on producing sandpaper products. But it was with McKnight, who joined the company in 1907 has a bookkeeper and later would become Chairman for more than 40 years, that 3M really developed a culture towards systematic innovation. Since then, 3M has been characterized by McKnight's principles of supportive management which encourages employee initiative and innovation:
"Mistakes will be made. But if a person is essentially right, the mistakes he or she makes are not as serious in the long run as the mistakes management will make if it undertakes to tell those in authority exactly how they must do their jobs. Management that is destructively critical when mistakes are made kills initiative."
One of the executive's greatest contributions to innovation is to shape the organization's culture in ways that make it more radical innovation a more natural, accepted and valued activity. Dick Drew, one of the most innovative researchers in 3M history, had that impact on 3M, and though many of the employees at 3M are too young to have any personal recollections from him, his influence on 3M's innovation culture remains profound and his principles are cited regularly in breakthroughs.
Innovation as a process
Entrepreneurship and Intrapreneurship has been an essential part of 3M culture. Evolutionary spin-offs have developed a key...
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...f five people to generated new product ideas, among other tasks. One of their roles is to assist business units within 3M to generate new product ideas. They accomplish this by drawing up a plan to create ideas for products that will be marketable ten years in future. Once they have that plan in mind, they backtrack to the present year with new product ideas that are possible with today's technology. They then predict which additional products will be added year by year that will build upon each year's new technological advances to achieve their tenth year vision.
Coyne, 3M Senior VP, Research & Development, says that while for other companies innovation is an important element of their strategies, for 3M innovation is its strategy . Innovation is so important for 3M that is clearly stated in its vision "To be the most innovative company in the markets it serves".
As Kerr is an educator and a professor in universities and not an economist, he examines his idea or creativity in the organization by making inquires starting from top management to the bottom in the organization and also to people who knew what the buyer or customer should be; then he would run it through his network in and outside GE to cross examination and double check or assessment (Davenport et al). Kerr’s successes effectively with the standing of ideas and creativity mainly rely on his continuing exploratory research with great creative thinking skills, expertise and motivation, and they also depend on his outstanding leadership and exceptional organizational culture of innovation in GE (Davenport et al, 2003).
In order to lead we must learn to become good listeners. Believing that we as individuals are always right and don’t need help from others, will lead us to fail. Creon
Tidd, J., & Bessant, J. (2011). Managing innovation: integrating technological, market and organizational change. John Wiley & Sons.
Kelley,T. (2005, Oct.). The 10 faces of innovation. Fast Company, 74-77. Retrieved 6th March’ 2014 from http://web.ebscohost.com/ehost/detail?vid=9&sid=1d6a17b7-c5f7-4f00-bea4 db1d84cbef55%40sessionmgr10&hid=28&bdata=JnNpdGU9ZWhvc3QtbGl2ZSZzY29wZT1zaXRl#db=bth&AN=18386009
Kelvingrove Art Gallery and Museum in Glasgow, Scotland; a Victorian era museum established in 1901 to express the pride, wealth, and cultural ambitions of the industrial city of Kelvingrove, was in need of change in the late 1980’s to be more relevant to modern audiences. Starting in 1990, when Mark O’Neil joined the Kelvingore Museum, Mark was tasked with bringing innovation to the entire museum by the then director Julian Spalding. After an initial start by O’Neil into implementing some of Spalding’s radical innovative ideas, O’Neil was side tracked into a separate project at the St. Mungo’s Museum of Religious Life and Art. The St. Mungo’s work provided some insight and allowed experimentation with some of the innovative ideas Spalding wanted to use at Kelvingrove of using storytelling to organize themes within the museum. In 1993 with the work complete at St. Mungo’s O’Neil could was finally able to start on the needed change and find funding to bring about the change. Between 1994 and 1996 O’Neil developed and began implementing the storytelling concept when the Kelvingrove Museum submitted their request for funding for renovations to the museum. This initial request was rejected, which caused the O’Neil to totally reevaluate the approach taken in the change to the user experience as well as the approach to the application for funds. It took O’Neil and his staff two years to reevaluate and resubmit, but finally in 1998 they were approved for funding for renovations. During this reevaluation period for the funding O’Neil concluded that evaluation of a proposed change on the front end; to “Work out how to do it before you spend all the money on getting it wrong and it’s too late to fix it,” (Liedtka & Salzman, 2009, p....
Sharp’s business philosophy is to use its innovative technology “to contribute to the culture, benefits and welfare of people throughout the world” (Noda 25). Sharp is constantly trying to position itself as a leader in innovation as further supported by its business creed, which states to “constantly be aware of the need to innovate and improve” (Noda 25). However, this focus on innovation and creativity has not always been consistent with how the company has been operated. The history of the company is replete with periods of both innovation and imitation.
When mistakes are made no one takes care of them. Management tends to say they’ll take care of it, then never does. Management has a “lack of quality attitude”.
... book to those that have a entrepreneurial drive but also to those entering nearly any field. All fields are changing over time, formulas may stay the same and chemical properties will remain the same but new technologies or ways to get to the answers are always emerging. That is one of the points that this text strives to make, everyone need innovation and it is a skill that takes practice. This text was an easy read that laid out a step-by-step program in changing one’s future perspectives on problems they may combat. Johansson explains each topic in depth so that someone who is just starting from ideation can pick up his book and start to think differently. While also explaining topic ideas in detail there are also cases in each section that help supplement key ideas. These cases show how past companies have succeeded and failed through each stage of the method.
Hamel G. and Breen B. (2007). The Future of Management: Aiming for an Evolutionary Advantage (Management Innovation in Action). Harvard Business School Press.
Learning through mistakes is innovative learning. Leaders who encourage new strategies and allow for mistakes encourage more participation in their organization. Employees who know that it is permissible to make mistakes in incorporating a new approach will be more likely to do so. Bennis and Nanus seem to feel firmly that innovative learning and productive error-making go hand-in-hand.
The ever-decreasing length of product lives has diminished the role of new technologies as a source of satisfactory profit and sustainability, as in today’s economies they become commoditized in a growingly fast manner. Nowadays, innovation must include business models rather than just technology and R&D (Chesbrough 2007), and with the greater frequency of disruption and dislocation in many industries, business model lifecycles are shortening as well.
Many large organizations are realizing that they need to be more innovative and flexible. Intrapreneurship has become more important nowadays for organizations. Intrapreneurship helps organizations to a transformation of dreams into reality. This essay will describe the intrapreneurship and compare the differences between Intrapreneurship and Entrepreneurship and show some examples from the business world. It will further explain why larger organizations are pursuing an agenda of intrapreneurship. In addition, it will look at the difficulties of developing of an intrapreneurial culture. Finally, it will suggest strategies which could be adopted in pursuit of an intrapreneurship culture.
Open innovation opens the doors for a vast array of ideas and suggestions that can help an organization succeed in being innovative. This will allow the organization to hold a competitive advantage when compared to their competition. Organizations who understand the importance of managing technological innovation will have an easier time succeeding than those organizations who feel they are safe and put innovation on the back burner. Managing technological innovation is essential in this day and age, where technology is advancing at a faster than
Innovation is the driver that keeps companies moving forward with new and/or improved products and services. Innovation in one organization can push another to improve their due to competition thus providing an environment that continues to evolve. In other words once an opportunity has been recognized, a company must seize it (Kuratko, & Goldsby, 2012, p. 85). The intrepreneur and entrepreneur function similarly in the aspect that they push for new ways of making products, or improving process for a business's well being. Taco Bell, Zipcar, Dollar Shave Club and Kickstarter are great examples of innovation in the market today.
In the beginning lectures, I had no idea that brainstorming and conceptualizing an idea was part of an elaborate process to generate good product ideas. Great inspiration and a creative idea require deep thinking. I have learned that opportunity identification involves looking into the problems first rather than diving headfirst into the solution. Identifying and analyzing customer’s needs, market size, sustainability and scalability allows easy identification of low and high potential concepts. As stated in the article by Tim Brown (Brown, 2008), human-centric approach of innovation should be part of the design process as it gives insights into the life of an everyday person.