3M Innovation Case Study

3M Optical Systems: Managing corporal Entrepreneurship
Matthew Campbell
MBC 619: corporeal Strategy


Entrepreneurship is all about creating opportunities as well as identifying them. Entrepreneurship is not sitting back and responding and reacting to opportunities others brace created or discovered. Corporate entrepreneurship is the twin sibling of innovation for firms. Corporate entrepreneurship allows firms to create and discover new business ventures, new products, services, processes musical composition revamping and refreshing business strategies and competitiveness. It is the totality of a companys innovation and business ventures. 3M embodies corporeal entrepreneurship through their longstanding story of forward-looking products and unique inner(a) innovation and cooperative strategies.
Corporate entrepreneurship is most definitely different from entrepreneurship in general. What corporate entrepreneurship requires in distinguishing itself is a strong focus on the internal purlieu of a firm. The ability to innovate doesnt simply arrive from strong research and development and persistence; the internal works of a firm weigh heavily on the opportunity to create and exploit potential in the external market.



What corporate entrepreneurship requires is strong corporate culture which first involves finding the overcompensate people with bright minds and putting them in the right divisions, departments and so on Corporate entrepreneurship goes beyond simply taking risks; it puts in office staff the tools and resources needed to provide that push to actually be ordain to take that risk. Entrepreneurship in general doesnt revolve most resources as there are generally very fewer available, where corporate entrepreneurship may not have vast resources it does overdraw those that are available. 3M is a company that has a great internal innovative cooperation strategy which has allowed the company to be so innovative over so more years.
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