Blog

The electric utility industry is experiencing sweeping, radical restructuring. Legacy bulk-power grid systems are becoming obsolete. As the bulk-power grid wears out, investment is failing to keep up with deterioration. Add on a growing population and more extreme weather, and the power grid is under tremendous stress. In fact, the five-year annual average of outages

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Knowledge assets are the critical inventions, patents, or personal expertise that catapults your innovations to market. This could be a collaborative discussion or the discovery of a new formula leading to your company’s most competitive product. In an increasingly innovative world, companies must stay ahead of the curve by sharing knowledge assets systematically. Amazon is

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“In one quarter I was forwarded the same opportunity six times by six different people, even though I killed it off months before” At a recent conference, I spoke with an external innovation manager from a large CPG company. We discussed “innovation gaps”, blank spaces that exist between scouting teams, R&D, product development, and marketing.

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Companies are entering new markets based on technology or consumer behavior trends to remain competitive, which requires collaboration with external partners. Johnson & Johnson’s Medical Device unit that saw a quarterly sales increase of 1.3 percent to reach $6.1 billion last year credits the fast-growing success to their innovation model designed to foster collaboration with

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Having difficulty sorting through external technology in a way that easily translates into a business strategy? Scouting teams are faced with the difficult challenge of scouring through an ever-increasing pool of external innovations and identifying which ones have the potential to create a strategic advantage for the company. The greater challenge is to present this

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