Who is the most Innovative company? Likely that most people would say Apple. Well, do you know that there is a $30 BB firm that has been historically “fostering organic growth by inventing entirely new, market changing products?” Yes that firm would be 3M…..the inventor of Post-It pads and Scotch Brands.
How do they do this? Read more at: click here
Their time tested principles include:
– Dedicated R&D, long-term development and separate from concept to launch efforts
– Apply and use Open Innovation; host ideation sessions with members of all departments
– Foster a culture of innovation by allowing team members to take risks in a protected environment
– Reward and encourage creativity
How many of you use some of these concepts? You might just want to study more about 3M to apply to your need for Innovation.