How 3M Innovates for Long-Term Growth

Author: Coyne, William E.

Source: Research-Technology Management, Volume 44, Number 2, 1 March 2001 , pp. 21-24(4)

Publisher: Industrial Research Institute, Inc

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Abstract:

As 3M nears its 100th birthday, a long-term tradition of innovation, established by its early leadership, allows it to continue to grow, adapt and change. The company is moving rapidly into the "new economy" by continuing to embrace principles that reinforce innovation. These principles include establishing stretch goals, empowering employees, supporting broad networking across the company, and rewarding and recognizing its innovators. Because of this tradition, 3M expects to continue to change, enter new business space, and provide sustainable, profitable growth for decades to come.

Document Type: Research article

Publication date: 2001-03-01

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Research-Technology Management has been publishing peer-reviewed articles covering the entire spectrum of technological innovation since 1958. RTM is a leading source of knowledge and best practices on innovation management, from research and development through product development to marketing, for leaders of research, development, and engineering worldwide.

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