cInnovation Organisations: The 3M Way Damian Gordon Recommended Reading 3M formerly known as the Minnesota Mining and Manufacturing Company Founded on the North Shore of Lake Superior at Two Harbors‚ Minnesota in 1902 With over 76‚000 employees they produce over 55‚000 products‚ including: adhesives‚ abrasives‚ laminates‚ passive fire protection‚ dental products‚ electrical materials‚ electronic circuits and optical films Richard Drew June 22‚ 1899 – December 14
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Chapter 1 and 2 1. Innovation and new technologies have led to longer product life cycles and lowered product obsolescence. FALSE 2. According to the concept of innovation funnel‚ the number of successful products launched will be greater than the number of raw ideas generated. FALSE 3. A firm’s organizational structure and control systems have no influence on the generation of innovative ideas. FALSE 4. Innovation often originates with those who create solutions for their own needs. TRUE
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INNOVATION Innovation is about "bringing ideas into life. Innovation is linked to performance and growth through improvements in efficiency‚ productivity‚ quality‚ competitive positioning and market share. Innovation takes place at different levels from modest improvements on an existing product or process to dramatic and even historically significant breakthroughs in how we relate to the world. In all cases‚ the capacity to innovate will be a function of our commitments‚ what we want to accomplish
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Innovation Innovation is the conversion of new knowledge into new products and services. Innovation is the process of making changes‚ large and small‚ radical and incremental‚ to products‚ processes‚ and services that results in the introduction of something new for the organization that adds value to customers and contributes to the knowledge store of the organization. It is the ability to apply solutions to problems and opportunities to enhance or to enrich people’s lives. Innovation is a process
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MANAGEMENT OF INNOVATION? INVENTION R&D PRODUCTS TECHNOLOGY DIFFICULT IN CERTAIN COUNTRIES LUCK!! VALUABLE IN JUST A FEW INDUSTRIES EXPENSIVE WHAT IS INNOVATION “It is the means by which the entrepreneurial activity either creates new wealth-producing resources or endows existing resources with enhanced potential for creating wealth” Peter Drucker (HBR‚ 1985) TYPES OF INNOVATION Radical Incremental TYPES OF INNOVATION Product Service Process
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Innovation: * There are two contrasting theoretical views: Schumpeter thinks more innovation is achieved by less competitive markets; Arrow thinks that more innovation is achieved by more competitive markets. Schumpeterian Theory: A distinctive特殊 view of innovation and its central role in the process of competition was developed by Schumpeter in the 1930s and 1940s and has since been developed into a substantive alternative school of thought. Schumpeterian theory suggests a simple monotonous
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Did the innovation change “the rules of the game”? Was there another parallel innovation/development that “enabled” this innovation to take root? Did it lead to the displacement of some competitors‚ with their positions being assumed by newer players in the industry? How have customers responded to the innovation? Trace the genesis of the innovation. What lead to it? Was necessity the mother of the innovation or was it serendipity? How has the innovation affected the market
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CREATIVITY REATIVITY Report produced for the EC funded project INNOREGIO: dissemination of innovation and knowledge management techniques by Dr Eleni Sefertzi J A N U A R Y 2 0 0 0 CREATIVITY 1 Contents 1 Description 1.1 1.2 1.3 1.4 1.5 What is Creativity Objectives of Creativity Description /structure of the methodology /alternative solutions Expected results /benefits Characteristics of providers 2 Application 2.1 2.2 2.3 2.4 Where Creativity development has been
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25 Definitions Of Innovation inShare By: Hutch Carpenter | September 23‚ 2010 In a recent blog post proposing a definition of innovation‚ I noted that innovation means different things to different people. It ultimately is what you think it is. What’s a useful definition for you won’t work for others‚ and vice versa. I asked for people’s definitions on several LinkedIn groups‚ and the community came forward with many interesting and valuable perspectives. For me‚ the value of this was two-fold:
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Given a chance‚ you are called to fill in the position of CHED/DepEd director. You are given a limited time frame of three (3) years to make an abrupt education innovation producing an outcome of quality education and develop high standard of educational leadership. How will you do this? If I will be given this chance‚ I will start equipping myself with the necessary skills for me to be able to handle such big task. I will consult people who have experiences that can contribute to my self – growth
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