3M has a culture of innovation that has been cultivated for over 100 years. Some key aspects of 3M's innovation culture include encouraging employees to spend 15% of their time on innovations, taking risks and not fearing mistakes, and giving ideas 6-7 years to develop. This culture has led to around 5000 patents and 30% of revenue coming from products less than 4 years old. Managers support new ideas and marketing helps create demand for innovations to help them succeed. This strong culture of innovation has been a valuable asset and driver of success for 3M.
Company heritage and culture
The demand for innovation
Freedom for creativity
Tolerating failure
Autonomy and small businesses
High profile for science and technology
Communication and technology transfer
Company heritage and culture
The demand for innovation
Freedom for creativity
Tolerating failure
Autonomy and small businesses
High profile for science and technology
Communication and technology transfer
The document contains;
1. (5) findings of 3M innovation.
2. The 3M culture with its elements discussed.
3. Relation between culture and innovation.
4. Bibliographic research.
5. Lessons learned
How to better implement innovation management support and assessment through a new practical tool: the Innovation Strategy Canvas. Presentation at the Enterprise Europe Network Annual Conference 2017.
The importance of innovation in the field of ceramics. 6th International Congress on Ceramics, Germany. Mike Murray, Chief Technology Officer, Morgan Advanced Materials.
Project presentation on 3M Company: Highlights the method as to how the company created and developed ideas through open innovation that helped them to succeed in the marketplace
Using Market Research For Product DevelopmentResearchShare
Businesses compete to create products and services that are "New." Market research finds insights into the needs of customers and can improve or disprove a hunch. Specific questions must be addressed during the process to refine the "new" idea, examined by B2B International in this white paper.
The document contains;
1. (5) findings of 3M innovation.
2. The 3M culture with its elements discussed.
3. Relation between culture and innovation.
4. Bibliographic research.
5. Lessons learned
How to better implement innovation management support and assessment through a new practical tool: the Innovation Strategy Canvas. Presentation at the Enterprise Europe Network Annual Conference 2017.
The importance of innovation in the field of ceramics. 6th International Congress on Ceramics, Germany. Mike Murray, Chief Technology Officer, Morgan Advanced Materials.
Project presentation on 3M Company: Highlights the method as to how the company created and developed ideas through open innovation that helped them to succeed in the marketplace
Using Market Research For Product DevelopmentResearchShare
Businesses compete to create products and services that are "New." Market research finds insights into the needs of customers and can improve or disprove a hunch. Specific questions must be addressed during the process to refine the "new" idea, examined by B2B International in this white paper.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
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Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
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• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
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• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
2. 5 Innovations of 3M
1. Wetordry sandpaper® (20´s, 20th century)
2. Scotch® Painter's Tape (20´s, 20th century)
3. The first dose-regulated inhaler (50s, 20th century)
4. Magnetic recording tapes for audio and video (50s-60s, 20th
century)
5. Sticky post-it notes (80s, 20th century)
3. Culture of 3M
• 3M has products for manufacturing sectors of cleaning products, offices, chemicals,
pharmacological, automotive, energy, transport, manufacturing, among others.
• For more tan 100 years, 3M has a culture of innovation by creating new products. In fact,
30% of the revenues from the company come from products with 4 years old.
• They have a Research & Development department. Employees of technologies can
spend 15% of their time creating innovations for 3M.
• 3M thinks that “You have to Kiss a lot of frogs to find the prince”, thats the reason
employees can créate by taking risks and not being afraid about making mistakes.
• Managers at 3M said: “it takes six to seven years to kill an idea in 3M”, that´s the reason
they encourage employees to create.
• Because sometimes they have new products, to create demand 3M decided to offer
simples and thus captivate the consumer . That´s another way to innovate.
• 3M works in improving the new products.
4. 3M Culture´s with its innovations
• 3M is a company that owns around 5000 patents; innovation is the most valuable
asset they have. They encourage employees to create new products or ideas.
They replace products or make them better. 3M are not afraid of making
mistakes.
• Innovation can occur at any time, and to create networks inside or outside the
company can help to reach that goal.
• Some ideas or products start with little start-up capital and without a customers
demand. But in 3M they innovate in the way they introduce products with
marketing strategies to create the demand of customers by givig simples.
• Employees in 3M could developed and managed their innovations, depending on
the sucess of the product. As a result, the structure of the business and of the
company has evolved for leadership for innovation. In that way, people stayed at
the company, ina a culture of happiness and creating more.
5. Bibliographic research
• Strategy synthesis. Resolving Strategy Paradoxes to Create Competitive Advantage. Bob de Wit and Ron Meyer Thomson Learning, second Edition. 2005 London.
• Revista Semana
https://www.semana.com/economia/empresas/articulo/tapabocas-asi-enfrento-3m-la-escasez-y-posterior-falsificacion-de-los-n95-habra-mas-riesgos/202102/
• GURUX 3M, UNA CULTURA DE INNOVACIÓN
https://www.elgurux.com/3m-cultura-de-innovacion.html
• FORBES 3M
https://forbes.co/2021/08/17/empresas/3m-colombia-cumple-60-anos-apostandole-a-la-ciencia-y-la-innovacion/
• Innovation at 3M:
https://www.youtube.com/watch?v=ngEwmVS3ILY
https://www.3m.com/3M/en_US/company-us/about-3m/innovation-center/
https://www.3m.com.co/3M/es_CO/inicio/sobre-3m/
• Institute of next
https://www.instituteofnext.com/las-claves-de-la-innovacin-en-3m/
• 3M: el reto de cambiar una cultura complaciente
http://www.eexcellence.es/index.php/expertos-en-gestion/3m-el-reto-de-cambiar-una-cultura-complaciente
6. Lessons learned
1. As 3M did, it´s important to make innovation as a strategy to build your
organization.
2. Networking is an important tool to create. To work with clients can help
to develop innovations.
3. Not to be afraid of making mistakes.
4. Give time and incentives to employees to innovate.
5. Decentralize decision-making and innovation.
6. To provide a Budget for innovations and create opportunities for
innovators in order they can grow with their innovations and make a
carrer in the company.
7. It´s important to develop or use a model to evaluate innovations.