Innovation Process Comparison

Innovation Process Comparison

Now that senior management has approved your recommendation, your task as a middle manager for one of the top U.S. producers of luxury and mass-market automobiles and trucks is to ensure your recommended innovation approach is implemented effectively and efficiently. In this assignment, you will read a case study and write a report that compares your organization’s innovation processes with 3M’s processes. This report will help your cross-functional team identify your company’s process gaps when implementing IoT in the product line and will help to eliminate potential process inefficiencies.

APA

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Innovation Process Comparison

Directions

Use the information included above in the overview and the 3M: Rethinking Innovation case study and Organization Overview included in the Supporting Materials section to compare your organization with 3M to identify process gaps within your organization.

Specifically, you must address the following rubric criteria:

1. Analyze 3M’s experience for a process-based approach toward innovation.
   1. In what ways does 3M manage innovation?
   2. What is the innovation strategy and leadership style within 3M?
   3. How does 3M enable the innovation process?
2. Identify significant features or processes that promote innovation from the case study.
   1. How does the management team within 3M recognize and reward innovative employees?
   2. What is the concept and importance of “permission to play” within 3M?
   3. How do the 3M attributes of patience and acceptance of mistakes enhance an innovative culture?
3. Compare your company with 3M. You will need to reference the Organization Overview document in the Supporting Materials section when comparing the two companies.
   1. What are the key differences between the organizational structures of your company and 3M?
   2. How are formal and informal innovation management different?
   3. How does the organizational structure in each company affect communication? Why is this important to innovation?
4. Identify the process gaps of your organization. When identifying process gaps, reference the Organization Overview document in the Supporting Materials section.
   1. What changes should be made to make the organizational structure support innovation?
   2. What rewards could your organization adopt to motivate and encourage innovative behavior?
   3. How should your company examine its timeline to identify ways of improving the success of long-term projects?

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