At 3M, science is key to our innovation. We work in collaborative ways with our customers and suppliers to turn great ideas into practical solutions.
Successful innovation meets a need and therefore has a market, and the best way to make sure that happens is to keep your customers front and centre in everything you do.
Early collaboration with your customers, suppliers and other key stakeholders makes it easier to drive innovation throughout the entire process – from research and development to production, and from new product solutions to disruptive business models.
Cutting R&D spending when times are tough might provide a shortterm boost to the bottom line but will almost certainly lead to long-term declines in competitiveness, growth and profitability.
Leaders need to drive a sense of urgency around the need for continuous innovation and be ambitious in tackling the most challenging problem of their customers or markets.
The best ideas are somewhere between pure creativity and realism.
Aug. 4, 2017 "Tips for providing employees with effective, constructive feedback": Today I found this article by Harvey Schachter in the Globe and Mail:
In its most complicated form, it is an observation on the effects of certain behaviour and a suggestion as to what alternative behaviour would be preferred,” he observes.