Here I go again on the importance of DESIGN. A lead article in the current Business Week discusses the culture at 3M. 3M has been known as a creative company famous for innovative solutions, like the Post It Note, or sticky! So how do you continue to innovate and do it on a budget, Good question and a good article.
Professor Elam
Accounting & Investing Info for San Antonio A & M
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3 responses to “Managing Creativity”
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Obviously, there needs to be some control over spending and efficency, but in companies that thrive on innovation and invention, efficiency is, at most times, not possible. It takes trials and trials to perfect something for mass use and under ideas like Six Sigma, those trials would be considered wasteful. Six Sigma is a great program for companies that are already in their element and are looking to improve cost allocation and use, but for companies that are known for creativity and new ideas, I do not belive it is very effective.
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Obviously, there needs to be some control over spending and efficency, but in companies that thrive on innovation and invention, efficiency is, at most times, not possible. It takes trials and trials to perfect something for mass use and under ideas like Six Sigma, those trials would be considered wasteful. Six Sigma is a great program for companies that are already in their element and are looking to improve cost allocation and use, but for companies that are known for creativity and new ideas, I do not belive it is very effective.
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I think that is the case, I have been doing some more reading on Deming as a matter of fact. See today’s post and article on designing the malibu.
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Professor Elam 
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