Opportunist Wetordry TM Copyright National University of Singapore All Rights

Opportunist wetordry tm copyright national university

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Opportunist : Wetordry TM
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© Copyright National University of Singapore. All Rights Reserved. 3M’s Model of Corporate Entrepreneurs Opportunist early stage Enable r Producer now later stage
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© Copyright National University of Singapore. All Rights Reserved. 3M’s Model of Corporate Entrepreneurs Enabler : Channels and processes within existing business units are established to encourage innovation on individual levels and support selection of ideas with resources. No separate and dedicated department. Example: 15 percent rule and Seed Capital. (1975, September 3). Retrieved from The New York Times: - razor.html
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© Copyright National University of Singapore. All Rights Reserved. 3M’s Model of Corporate Entrepreneurs Opportunist Enabler : Example: 15 percent rule Seed Capital in each business unit 3M grants staff 15% of working time on independent ideas. Once supported by a member of the main board, resources from Seed Capital are given and an interdisciplinary team will form to further develop the selected idea. 1. Made innovation part of the corporate culture. 2. A multitude of new ideas. e.g. Post-It Note; First electronic stethoscope with Bluetooth technology by staff in the infection-prevention division Paul, B. Entrepreneurship and Small Business. Palgrave. Vijay, G., & Srikanth, S. (2013, August 6). The Innovation Mindset in Action: 3M Corporation. Harward Business Review.
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© Copyright National University of Singapore. All Rights Reserved. 3M’s Model of Corporate Entrepreneurs Opportunist early stage Enable r Producer now later stage
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© Copyright National University of Singapore. All Rights Reserved. 3M’s Model of Corporate Entrepreneurs Enabler Producer : Marc, G. (2010, September 24). 3M's innovation revival. Retrieved from CNN Money: Paul, B. Entrepreneurship and Small Business. Palgrave. Vijay, G., & Srikanth, S. (2013, August 6). The Innovation Mindset in Action: 3M Corporation. Harward Business Review . Pursue product development and innovation at every level in the organization . 1 . Central Research Lab (>10 years’ research) 2. Four Sector Labs ( 5 to 10 years’ research) 3. Lab in every Division (1 to 5 years’ division) New Product Development Explore new products unrelated to the existing ones. Technical Forum & Technical Council : sharing knowledge in the organization. Genesis Grants New Venture Formation : using 3M’s networking forums to recruit talents and spin off to form new divisions.
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© Copyright National University of Singapore. All Rights Reserved. 3M’s Model of Corporate Entrepreneurs Marc, G. (2010, September 24). 3M's innovation revival. Retrieved from CNN Money: Paul, B. Entrepreneurship and Small Business. Palgrave.
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