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http://www.cbsnews.com/8301-505125_162-28247832/12-rules-for-business-success/ * 15% Rule
An important support for innovation is signalled by
3M’s 15% rule which states that 3M people can spend 15% of their time working on innovative ideas of their own choosing. This figure of 15% is not a hard and fast percentage. Not everybody uses it – and some take far more than 15% time – especially when a promising idea takes form as a likely product. But the message is clear; it is saying it is OK to try something not on the main line. The consequence of this 15% rule has been a number of important new businesses for the company.

* Grants
Money as well as time is required for innovation.
The 15% rule helps with the issue of time. Genesis and Alpha grants help with money. Technical people can apply for 3M Genesis grants to buy equipment to assist them in the development of their ‘15% ideas’. Or they can use the grant to pay for temporary labour to do some of their existing work while they spend their own time developing their ‘15% project’. The Alpha grant is for developing ideas, such as new processes, which fall outside the technical area (see Figure 2).

* The 15 percent rule is unique to 3M. Most of the inventions that 3M depends upon today came out of that kind of individual initiative . . .

* Manager meeting with staff and say that: ‘I have a new idea that could be useful to 3M, but it’s not related to the business I’m working in right now. Am I allowed to work on it?’The vice president of Research and Development answered, ‘The facilities we have here—the lab and all the equipment—are for you to use. If you want to work on those programs on your own time, you’re welcome to do it.’ ”

* the  percent rule was often greeted with skepticism by technical people from other large companies. “They couldn’t understand

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