Preview

Tech. Entrepreneur

Powerful Essays
Open Document
Open Document
8410 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Tech. Entrepreneur
Pre-reading Reading: “3M Post-It Notes: A Managed or Accidental Innovation?”
As you read this case story, think about the following two questions: 1. What were the critical factors that enabled 3M Post-it Notes to be successfully commercialized and what can we generalize about managing the innovation process from this case history? 2. What were the critical roles performed by some of the key individuals, including Silver, Oliveira, Nicholson, Fry, and Ramey?

1

33 3M's Post-it Notes: A Managed or Accidental Innovation?
P. RANGANATH NAYAK AND JOHN KETTERINGHAM

In late 1978, the bleak reports from the four-city market tests came back to the 3M Corporation. The analyses were showing that this "Post-it Note Pads" idea was a real stinker. Such news came as no surprise to a large number of 3M's most astute observers of new product ideas, for this one had smelled funny to them right from the beginning! From its earliest days, Post-it brand adhesive had to be one of the most neglected product notions in 3M history. The company had ignored it before it was a notepad, when the product-to-be was just an adhesive that didn't adhere very well. The first product to reach the marketplace was a sticky bulletin board whose sales were less than exciting to a company like 3M. But why was this adhesive still around? For five years, beginning before 1970, this odd material kept coming around, always rattling in the pocket of Spencer Silver, the chemist who had mixed it up in the first place. Even after the adhesive had evolved into a stickum-covered bulletin board, and then into notepad glue, there was manufacturing saying that it couldn't mass-produce the pads and marketing claiming that such scratch pads would never sell. So by 1978, when the reports came in from the test markets, it seemed everyone who'd said disparaging things about the Post-it Note Pad was right after all. 3M was finally going to do the merciful thing and bury the remains. At that critical moment, it

You May Also Find These Documents Helpful

  • Better Essays

    Finc 235

    • 872 Words
    • 4 Pages

    3M, Inc. was founded in 1902 at the Lake Superior town of Two Harbors, Minn. Five businessmen set out to mine a mineral deposit for grinding-wheel abrasives. But the deposits proved to be of little value, and the new Minnesota Mining and Manufacturing Co. quickly moved to nearby Duluth to focus on sandpaper products. The five industrious and tenacious northern Minnesota businessmen with diverse occupations founded 3M. They financed the company to mine mineral for grinding wheel abrasives. Like many others in the early 1900s, 3M's founders incorporated first and investigated later (3M Company History). The company had many struggles throughout its journey, but also had many great strides along the way. In 1920, they created the world’s first waterproof sand paper, in the early 1940s, 3M was diverted into defense materials for World War II which was something the company was not used to be involved in (3M Company History). One of 3M’s most famous things they are known for are the post-it notes and they were introduced in the 1980’s. In the 1990s, sales reached the $15 billion mark, while this 3M continued to develop an array of innovative products, in 2004, sales topped $20 billion for the first time, with innovative new products contributing significantly to growth (3M Company History).…

    • 872 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Sustainability at 3M

    • 339 Words
    • 2 Pages

    The demand for alternative Post-it® or any of the other manufacturer items is on the rise which they have taken the monopoly market. There are no mergers or new companies entering into the industry of Post-it®. 3M have many companies and partners all over the world. They not only specialize in Post-it® but with different paper products, stain removers, scotch guards, abrasives, and more.…

    • 339 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Greenberg, H. and Amabile, D. (1996), “The personality of a top salesperson”, Agency Sales Magazine, Vol. 26 No. 11, pp. 40-1. Greenberg, J. and Greenberg, H. (1989), “How to hire the best employees in the 1990s”, Agency Sales, Vol. 19 No. 12, pp. 16-19. Griffin, R.W. and Pustay, M.W. (1996), International Business, Addison Wesley Publishing Company, Reading, MA. Gummer, B. (2000), “Workplace diversity and the global economy”, Administration in Social Work, Vol. 24 No. 1, pp. 75-93. Hafer, J.C. and Hoth, C.C. (1981), “Job selection attributes: employer preferences vs. student perceptions”, Journal of College Placement, Winter, pp. 54-7. Harris, P.R. and Moran, R.T. (1996), Managing Cultural Differences, Gulf Publishing Company, Houston, TX. Hill, J.S. and Birdseye, M. (1989), “Salesperson selection in multinational corporations: an empirical study”, Journal of Personal Selling & Sales Management, Vol. 9 No. 2, pp. 39-47. Hofstede, G. (1983), “The cultural relativity of organizational practices and theories”, Journal of International Business Studies, Vol. 14 No. 2, pp. 75-89. Holland, A.M. and Herron, B. (1982), “The importance of job selection attributes: congruence between employer reports and MBA students’ perception”, Proceedings of the Southern Management Association, pp. 242-4. McGee, M.K. (2004), “Soft skills can boost careers”, Information Week, Vol. 593, 19 August, available at: www.informationweek.com/593/93caskl.htm (accessed 18 November, 2004). McKendrick, J. (1986), “Managers talk about careers”, Management World, Vol. 15 No. 7, pp. 18-19. Management Accounting (2000), “How to succeed at interviews”, Management Accounting, Vol. 78 No. 4, p. 42. Marlowe, C.M., Schneider, S.L. and Nelson, C.E. (1996), “Gender and attractiveness biases in hiring decisions: are more experienced managers less biased?”, Journal of Applied Psychology, Vol.…

    • 5125 Words
    • 147 Pages
    Best Essays
  • Good Essays

    Hewlett Packard (HP) decided to produce 1.3-inch disk drives to become the market leader in a new market and increase HP’s revenue. Although the market for 1.3-inch disk drives was still unclear and still developing, HP decided to organize a special team to develop this new product. This group was multi-talented, with the best engineers from every department in the company. The group also had many priorities for the company. However, things didn’t develop as the Kittyhawk team expected. They failed to sell the new product to the customer they planned. Even though some new customers were interested in this advanced technology, the price of 1.3-inch disk drive was considered to be too high and sales were very low. In the end, HP decided to shut down the Kittyhawk group.…

    • 797 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Every effort is made to provide accurate information. The information provided is “best available” on the day the data was gathered.…

    • 1834 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    The case basically opens up with information regarding the present time. The information is presented in chronological order based on the company's CEOs. It first provides with a history of the company's creation. It moves on to the diversification of Kodak's core competency, traditional photography to digital imaging and data storage.…

    • 1145 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Working Computers Inc

    • 413 Words
    • 2 Pages

    struggle, and it had a loyal user base that had to be kept happy as…

    • 413 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Staples Inc

    • 4847 Words
    • 20 Pages

    Link Reporter. (2012). Office supply and stationairy industry. Retrieved on 10 November, 2012 from http://www.reportlinker.com/ci02159/Office-Supply-and-Stationery.html…

    • 4847 Words
    • 20 Pages
    Better Essays
  • Good Essays

    3m Case Study

    • 656 Words
    • 3 Pages

    The key to institutionalizing innovation at 3M has been the principle of “patient money.” The basic idea is that producing revolutionary new products requires substantial long-term investments, and often repeated failure, before a major payoff occurs. Another key component of 3M’s innovative culture has been an emphasis on duel career tracks. Right from its early days, many of the key players in 3M’s history, people like Richard Drew, chose to staying research, turning down opportunities to go into the management side of the business. Although 3M’s innovative culture emphasizes the role of technical employees in producing innovations, the company also has a strong tradition of emphasizing that new product ideas often come from watching customers at work.…

    • 656 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    * Cooper, R.G. (1999) “new products: what distinguishes winners?” Research Technology Management, 10, 2, pp. 27-31.…

    • 2454 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Some organizational theories could explain the Enron’s failure. Looking at the organizational structure and management of Enron, The structures were flat before the bureaucratic structure developed, then the bureaucratic structures developed in order to increase control. There were vertical structures where there was high level of control and according to theories the organizational circle is moving back to flat structure. In Enron Corporation, internally it had such a highly decentralized financial control and decision making structure that made it impossible to get a clear view on the corporations ' operations and activities. Along with a "decentralized" structure came a lack of corporate culture, lack of clear accountability, and lack of transparency.…

    • 1057 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    entrepreneurship

    • 2951 Words
    • 10 Pages

    KEEP A COPY Please be sure to make a copy of your work. If you have submitted assessment work electronically make sure you have a backup copy.…

    • 2951 Words
    • 10 Pages
    Satisfactory Essays
  • Good Essays

    3M has been known for decades as an entrepreneurial company that pursues growth through innovation. It generates a quarter of its annual revenues from products less than five years old. 3M started life as the Minnesota Mining and Manufacturing Company back in 1902. Its most successful product - flexible sandpaper - still forms an important part of its product line but this now comprises of over 60000 products that range from adhesive tapes to office supplies, medical supplies and equipment to traffic and safety signs, magnetic tapes and CDs to electrical equipment. Originally innovation was encouraged informally by the founders, but over more than a century some of these rules have been formalised. But most important of all there has built up a culture which encourages innovation. And because this culture has built up a history of success, it perpetuates itself.…

    • 553 Words
    • 3 Pages
    Good Essays
  • Good Essays

    3M has an impressive performance when it comes to developing new products. 3M hires good hardworking people and puts trust in them; this brings about innovation and excellent performance. 3M ensured that developing new products is much higher on the agenda in management meetings than in other companies. Moreover, the success of the approach is due to the continual reinforcement of its objectives. 3M has concentrated the internal development of new products in a variety of different industries. 3M manufacture over 60,000 products; they have operations in 61 countries and have achieved an n average year-on-year growth in sales of 10 percent. New products that are less than 4 years old represent Thirty Percent of 3M’s sales.…

    • 789 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Entrepreneurship

    • 2033 Words
    • 9 Pages

    Entrepreneurship: Successfully Launching New Ventures, 2/e Bruce R. Barringer R. Duane Ireland Chapter 3 ©2008 Prentice Hall 3-1 Chapter Objectives (1 of 3) 1. Explain what a feasibility analysis is and why it’s important. 2. Discuss the proper time to complete a feasibility analysis when developing a business venture. 3.…

    • 2033 Words
    • 9 Pages
    Satisfactory Essays