As President, he encouraged managers at 3M to delegate responsibility and encourage men and women to exercise their initiative.
This innovative spirit still guides the company, which earns up to 25 percent of its annual sales form new products. 3M is able to achieve this ambitious goal mainly because of its Fifteen Present Rule.
Innovation is not the 3M only core value, the picture is the standard
difference, the highest quality, the customer-centered…and so on.
The initiative is now successfully used in thousands of 3M projects each year.
It’s mineral mining days may be long over, but 3M has found a found a formula to mine its employees for successful,innovative ideas,and for near-perfect customer satisfaction.
In other words, a formula for success.
- Keiu CLv 61 decade agoFavorite Answer