Professional Documents
Culture Documents
the hard part is letting go of what worked for you two years ago, but will soon be out of date.
- Roger von Oech
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Case Objectives :
To show how a company maintains a culture of innovation. To show how interactions among people structure, and ethics produce organizational culture. To Show how this entrepreneurial company maintains its ability to innovate new products.
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- Management sponsorship, whereby senior managers encourage and support innovation, and recognize and reward failure.
- Creation of cross-functional teams to speed the development process. - Rewarding and honoring cross-functional teams who introduced successful new products.
- Rewarding innovators with promotions, in research or management, using its dual-ladder system of promotion and the practice of promoting from within the organization.
- Using product champions to head each team and providing entrepreneurial leadership needed for product development.
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Values contribute to culture as product champions and management sponsors provide leadership and support to teams for experimentation.
Cross-functional teams and the product team structure provide an organic structure, so people from different functions can cooperate and develop the shared norms and values that enhance innovation. Reward & Recognition system in place can be seen as a factor too. 3M tangibly rewards employees through promotion into management in 3Ms dual promotion system, bonuses for successful new product development, and intangible rewards like its scientists hall of fame.
Ethics can be seen through 3Ms concern for customers and in extensively testing and developing products to meet customer needs.
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SWOT Analysis : 3M
Conclusion Drawn:
3M should maintain its product line in such a manner that it can enhance its innovative streak and production levels in the ever competitive market scenario.
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