Neo Zhaoqi
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3M has been successful in technology and innovation management through obtaining patents, product innovation, and improving their comparative advantage. They have achieved significant revenue and profits through developing over 55,000 diverse products, holding over 40,000 global patents and patent applications. The key lessons from 3M's experience are that small incremental innovations are important, and companies should continuously take risks by venturing into new areas to remain innovative.
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Neo Zhaoqi
- 1. Technology and Innovation ManagementNeo Zhao Qi
- 2. Technology +Innovation Management=Patents , Product innovation & Improve comparative advantage
- 3. How 3M got its creative juices flowing again?By Marc Gunther
- 4. Interesting Facts!Do you know 3M is established in 1902?With …$23.1 billion in revenue and $3.2 billion in net income in 2009
- 5. Total of 55000 of products from A-ZIs the number of Global patents and patent application held by 3M40000
- 6. Take Home messagesIt’s the small thing that counts.Never stop risking and venturing into unknown grounds.
- 7. Rating??8/10Reader friendlyA lot of facts and statistics
- 8. Thought Provoking QuestionDo you regard 3M as a falling star, rising star or dominant party? What do you regard a successful case of technology and innovation management? 3M or Apple.