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7. The 3M Company is often used as a great example of a company that encourages creativity. Its policy dictates that 30 percent of annual

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7. The 3M Company is often used as a great example of a company that encourages creativity. Its policy dictates that 30 percent of annual sales come from products less than four years old. But 3M wasn't always that progressive. Answer the following questions: (i) Do large companies find it difficult to innovate because they resist change? Is it because they are big or because they are afraid of the unknown? Why is that? (ii) Do smaller companies do better at innovation because they are not so risk averse? Is that because most of them are private companies and not so accountable to outside shareholders? (iii) Can you see any connection between innovation and continuous improvement (CI)? Does CI require innovation? (iv) If you were vice-president in charge of production at a big company, how would you encourage innovation

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