When you wake up in the morning, I’ll bet you think about, “how can I innovate today” and make your day more effective. If this is how you roll, I’m thinking of a successful businessperson for sure. We might call this working with “best practices” in innovation. We heard about the 3M company and how they took our class protocols on supporting innovation and applied them in their business.
Select all below that apply to what we learned about “supporting innovation” and our 3M example?
Group of answer choices
Strategy – 30% of revenue new products past 4 years
Structure – builds in a day/week to work on innovation
Staffing – hiring includes both technical & culture components
Culture – awards both monetary and non-monetary for innovation
Leadership – invests in employee driven pilot projects
Functional – a way they commercialize innovation
Execution – creates incentives to increase productivity
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