How Improving Trust can help lead to a Culture of Innovation
From masking tape to Post-its, 3M is well known for its innovative culture. 3M has an annual goal that 30 percent of its annual profits come from products and businesses that are less than four years old. Wired Magazine describes how 3M tackles that goal with their “15 percent solution.”
“For decades, engineers at the St. Paul, Minnesota, company have spent up to 15 percent of work hours on their own projects, playing with ideas that have nothing to do with their job's mission. This unwritten rule of 15 percent dream time is so ingrained at 3M...
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