3M Rethinking Innovation Rethinking Innovation Essay

Open, View, and/or
Download this Document

Total Length: 812 words ( 3 double-spaced pages)

Total Sources: 1

Page 1 of 3

Lacking in an introductory part and in explanatory paragraphs that introduce the reader to the story, it can be perceived as "skimpy." On the other hand, the same features make it easy to read and follow through.

In terms of the organization and its stand on innovation, it is important to notice the increased emphasis placed by the 3M leaders on the organizational culture. Innovation in itself represents a culture of change, in which the current features are continually replaced by newer items which provide more benefits. While it is in fact crucial to create a culture that engages the staff members in the process of innovation, there are also other elements which must be granted, if not the same, maybe even more, attention. Some examples in this sense include market research to identify new needs and adjust to them or responses to the innovation strategies implemented by the other players in the industry.

4. Bootlegging

Bootlegging is generically understood, hereby, as a less formal type of employee empowerment, in the meaning that the supervisors turn a blind eye whenever the employee seems to be working on an innovative idea, rather than focusing on his/her given tasks.

Stuck Writing Your "3M Rethinking Innovation Rethinking Innovation" Essay?

View All Our Example 3M Rethinking Innovation Rethinking Innovation Essay

Have A Custom Example Essay Written

Generally speaking, the successful implementation of such a business model implies countless risks and requires extremely responsible staff members. In the case of 3M however, it can be seen as a fruitful approach as the company has already enforced a responsible and innovative culture for the past century.

5. Resource-Slack

Resource slack is a practice implemented by the managerial team at 3M by which employees are allocated time and resources to engage in "curiosity-driven activities" (Tidd, Bessant and Pavitt, 2005). The procedure can be associated with several disadvantages. On the one hand, it can be argued that resource slack activities could reduce the concentration and productivity of the employees. Additionally, it can be stated that organizational resources such as time, technologies or commodities are being uselessly wasted in these endeavors. Third, less responsible employees could use this time to procrastinate and further more reduce their performances and the overall productivity.

On the other hand however, while recognizing the general futility of resource slack endeavors, the company itself argues that they have, in the past, led to the creation of breakthrough products. Overall then, in spite of all of its disadvantages, resource slack activities can explore new ideas......

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"3M Rethinking Innovation Rethinking Innovation" (2009, November 17) Retrieved June 5, 2026, from
https://www.aceyourpaper.com/essays/3m-rethinking-innovation-rethinking-innovation-17410

Latest MLA Format (8th edition)

Copy Reference
"3M Rethinking Innovation Rethinking Innovation" 17 November 2009. Web.5 June. 2026. <
https://www.aceyourpaper.com/essays/3m-rethinking-innovation-rethinking-innovation-17410>

Latest Chicago Format (16th edition)

Copy Reference
"3M Rethinking Innovation Rethinking Innovation", 17 November 2009, Accessed.5 June. 2026,
https://www.aceyourpaper.com/essays/3m-rethinking-innovation-rethinking-innovation-17410
   

Open, View, and/or
Download this Document
order custom essay example