Concrete mechanisms

- [Narrator] Blink number nine.…Visionary companies don't just talk,…they take concrete actions to implement their values.…While many companies claim to adhere to idealistic values,…encourage experimentation, or embrace constant progress,…very little is seen in practice.…The visionary company studied on the other hand,…managed to translate their values into reality…by creating concrete mechanisms that affected…the daily lives and decisions of employees.…3M did not merely say, we want our employees…to be more innovative, instead it…implemented several mechanisms to encourage this idea.…

One example was allowing employees to use 15% of their time…on pet projects and dictating that 30%…of each division's annual sales must come…from products less than four years old.…Likewise, visionary companies did not merely talk…about constant improvement, rather…they created mechanisms to ensure it.…Walmart, for example, spurred constant growth…with so-called beat yesterday ledgers, which were used…to compare each day's sales to those of the year prior.…