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The Miracle of Science
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DuPont was founded in 1802 Second largest chemical company Net profit Operates in 70 countries Headquartered Employs Market-Driven Science Based Company Its portfolio Their trademark DuPont continually looks
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Key Competitors 3M BASF Bayer AG Dow Chemical Company Eastman Chemical Company RPM International Inc. Sherwin-Williams Company Syngenta AG Competitive Analysis Most Competitive Segments of Company Agriculture and Nutrition Performance Material Coating and Color Technology Each segment
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Unexpected Occurrences Incongruities Most influential Sources of Innovation Process Needs Change in Demographics Change in Customer Perception Sources of Innovation
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INNOVATION $1Billion investment every year in R&D 2008 Rank DuPont No. 1 Innovator in Chemical Industry and No. 1 in Biotech Patents More than 20,000 patent in force worldwide 29% of their sales last year came from products less than 5 years old by The Patent Board™ and Nature Biotechnology
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Follows Stage Gate and Time Driven Play to Win Strategy Incremental Innovation Clear Understanding of Customer Needs Well Developed Innovation Platforms Pinpointing Problems, Creating Possibilities, & Multiplying Insights Innovation Strategy & Performance Methodology
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Emerging Markets “Has Been An Expected Area Of Growth” Global Sales of $30.5B This past years sales exceeded expectations at 29%. 2007: 63% of their sales were outside of U.S.
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Financial Performance Net profit for 2007 was $2.9 billion Net sales increased 7% from 2006 Return Investment Financial Growth
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Lessons Derived Importance of Learning Knowledge Learning Histories “Knowledge may be relevant not only to the current project but to future projects” – Davila, Epstein, Shelton
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From Science to Possibilities…
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