TECHNOLOGICAL ENTREPRENEURSHIP CREATIVITY 20 DECEMBER 2013 CREATIVITY CASE STUDY Table of contents 1 - Introduction ....................................................................................................................................................... 3 2 - Culture of Innovation ......................................................................................................................................... 6 3 - Pillars of 3M Innovation Process ...........
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Efficiency: Some variation form the industry averages is evident‚ but this may simply reflect seasonal sales fluctuations. The efficiency of JB Hi Fi Ltd Company includes inventory turnover‚ debtors turnover and creditors turnover. Inventory turnover is the measure and evaluate corporate buy stock‚ production‚ selling back the status of the comprehensive management indicators. In 2009 and 2010‚ JB Company has inventory turnover 65days and 57days respectively. And Harvey Norman Company has 91 days
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Innovation & creativity Much of 3M’s ethos for and cultivation of innovation and creativity can be attributed to multiple‚ mutually supporting “layers”: At layer 1‚ the primary concern is the 3M culture. The official vision statement is “to be the most innovative enterprise in the world”‚ and 3M’s basic definition is: “new ideas +action or implementation which results in an improvement‚ gain‚ or profit”. 3M has also coined the word “inventorpreneur” for those who invent and implement. The culture
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Six Sigma at 3M 1. What are the potential benefits and risks of implementing Six Sigma at 3M? Benefits: Six sigma not only provides a platform to improve existing processes but also enables 3M to design new processes in an efficient manner so that it results in lowered costs‚ increased sales‚ improved customer satisfaction‚ improved managerial development‚ increased cash flow and increased pace of development of 3M. 3M Acceleration was implemented by 3M to improve efficiency and pace of product development
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What spoils our creativity? Hello‚ladies and gentlemen.I’m so glad to be here to share my speech with you all.Today‚my topic is what spoils creativity.Our generation is supposed to be most creative for we enjoy a lot of marvelous creation that our former generations had never met before.However‚it is not the case.We have to admit that most of us fail to be creative for most of time nowadays.How could this happen?What spoils our creativity?After thinking for a long time‚I figure out‚to some extent
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Creativity. Most common misunderstandings. ABSTRACT This essay is devoted to an issue of creativity understanding. Nowadays creativity is a characteristic that every employer is looking for in a potential employee. In the world of competition it is becoming a very precious commodity. Nevertheless‚ some significant contradiction occurs when question arises - what actually creativity is and when do we really need it. Unbelievable quantity of myths exists around this seemingly simple notion.
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The right hemisphere is the one that operates creativity. The specialized characteristics of the right hemisphere make it the seat of curiosity‚ synergy‚ experimentation‚ metaphoric thinking‚ playfulness‚ solution finding‚ artistry‚ flexibility‚ synthesizing and in general‚ risk taking. In addition‚ it is likely to be opportunistic‚ future oriented‚ welcoming of change‚ and to function as the center of our visualization capability. Every one of these specialized modes is capable of enhancing an
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3M Business Analysis III Steve Phelps MGT/521 April 23‚ 2012 3M Business Analysis III To answer the question of how current economic trends are affecting 3M and what strategies 3M is using to adapt to the those economic trends‚ it is necessary to understand what the current state of the United States economy is‚ then define what economic trends exist. The Economy The best ways to understand what encompasses the economy in the United States is to first
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Case Analysis- 3M Corporation Case Analysis- 3M: Profile of an Innovating Company Introduction Relevant Facts The next invention was the wetordry waterproof sandpaper‚ which came about when an ink manufacturing named Francis Okie asked for samples of every mineral supply in the house. Mr. Okie was persuaded to join 3M as the company first product developer. The wetordry found immediate acceptance in automobile plants and repair shops. The next critical event occurred in 1925 when
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Minnesota Mining & Manufacturing Company Case Study Table of contents Table of contents Page 1 Introduction to 3M Page 2 Market and products Page 2 Performance over the last 5 years Page 3 International Marketing Activities Page 4 Miscellaneous Topics Page 6 Appendix 1 Page 7 References Page 8 Introduction to 3M 3M Company‚ the Minnesota Mining and Manufacturing Company‚ was founded in 1902 by five businessmen. They wanted to make a profit out of minerals for grinding
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