Write success stories about 10 successful indian entrepreneurship
Answers
1. Lockheed Martin
Idea: It wouldn’t be a post about intrapreneurship without the famous “Skunk Works” project. Skunk Works is another name for Advanced Development Programs or ADP.
2. Texas Instruments
Idea: A TI researcher, Larry Hornbeck, had been experimenting with technology using tiny mirrors to redirect photons for almost a decade. In 1987, Hornbeck and his team developed Digital Micromirror Device. DMD was used for printing airline tickets at first but soon after TI started an internal venture called Digital Imaging Venture Project to expand on the efforts.
3. Massachusetts Department of Correction
Idea: A guard suggested a change in the way Massachusetts Department of Correction stored their inmate photos. Instead of taking pictures with film and storing them the old fashioned way, why not use digital cameras and use a database for image storing.
4. W.L. Gore
Idea: W.L Gore (who most people know from Gore-Tex fabric) gives employees “dabble time” or 10% of their work day to develop new ideas and work on personal projects. One employee, Dave Myers, identified that one of their products, ePTFE a coating for push-pull cables, could be used for comfortable to use guitar strings.
5. Google
Idea: Just like W.L .Gore, Google allows time for personal projects. Some of Google’s best projects come out of their 20 percent time policy. One of these is something you probably use multiple times a day, Gmail.
6. Shutterstock
Idea: Every year, Shutterstock hosts an annual hack-a-thon over the span of 24-hours (plus 4 hours of demo presentations at the end.)These challenges are designed to allow employees to pursue any ideas they have for the betterment of the company. Why should you host a hack-a-thon? They encourage collaboration, creativity, and innovation—some of the best qualities of engaged employees.
7. 3M
Idea: Sometimes, intrapreneurship happens by accident. Dr. Spencer Silver, a scientist at 3M, was attempting to create an extremely strong adhesive to use in aerospace technology. Instead, he accidentally created a light adhesive that stuck to surfaces well but didn’t leave a nasty residue.
8. Sun Microsystems
Idea: Patrick Naughton, a developer, almost left Sun in 1995 because he believed they were missing out on the fast-growing PC consumer market. He was convinced to stay and help Sun set up a group dedicated to the consumer market. This is where group member, James Gosling, created an elegant object-oriented programming language called Oak, which was later renamed Java.
9. Sony
Idea: Ken Kutaragi, a relatively junior Sony Employee, spent hours tinkering with his daughters Nintendo to make it more powerful and user friendly. What came from his work is one of the most recognizable brands in the world today, The Sony Playstation.
10. Facebook
Idea: Originally called the “awesome button,” the Facebook Like button was first prototyped in one of Facebook’s infamous hack-a-thons.