Benchmark Study 3M

Prompt
Using the information in the overview above and referring to the 3M: Rethinking Innovation https://www.johnbessant.org/_files/ugd/6ba33a_0d844b920e654d70b9350893dc4b7aa5.pdf case study in this module’s resources, compare the organization from the course scenario with 3M and identify process gaps within the organization. Your study should include the following points:

1. Analyze 3M’s experience for a process-based approach toward innovation.
   a. How does 3M manage innovation?
   b. What is the innovation strategy and leadership style within 3M?
   c. How does 3M enable the innovation process?
2. Identify significant features or processes that promote innovation from the case study.
   a. How does the management team within 3M recognize and reward employees?
   b. What is the importance of permission to play within 3M?
   c. How do the 3M attributes of patience and acceptance of mistakes enhance an innovative culture?
3. Compare the organization from the course scenario with 3M. You will need to reference the Organization Overview document (attached) when comparing the two companies.
   a. What are the differences between the two organizational structures?
   b. What is the difference in formal and informal innovation management?
   c. How does the organizational structure in each company affect communication? Why is this important to innovation?
4. Identify the process gaps of the organization. You will need to reference the Organization Overview document when identifying process gaps.
   a. What needs to be done to make the organizational structure support innovation?
   b. What rewards could your organization utilize to motivate innovative behavior?
   c. How should your organization examine its timeline to identify ways for longer-term projects to be more successful?

Reading: 3M: Rethinking Innovation opens in new window https://www.johnbessant.org/casesac
Scroll down to the first listed case study and select “3M.” This case study about 3M from the Managing Innovation interactive hub explores 3M’s claim to fame as a multiproduct and multimarket business. The case study talks about 3M’s innovation strategy and leadership and discusses how 3M has developed into an innovative organization. As you read consider the following questions:
• How has 3M, as an organization, managed innovation?
• What are the key strategic enablers that have driven 3M?
• Which factors have helped 3M grow as an innovative organization?