Rising raw material costs. Pricing pressure. Economic uncertainty. Profit margins squeezed. For most companies, factors such as these have made the need to drive down costs and improve profitability a top strategic priority. Read More

Wellspring is a pretty entertaining place to work. With all of the passionate people here, focusing on exciting projects, it’s hard for me to nail down my favorite thing about what we do. Read More

Over the past several years, a significant amount of my work has been with large companies. In working with them, I have assisted with their innovation processes, specifically, improved the way they should manage their innovation processes. Innovation process management includes methods and... Read More

One of my favorite quotes is from Albert Einstein: Read More

Product portfolio management is the link between business strategy and the actual investments being made in product development. It is the governance process that determines the types of projects that enter into and remain in the development pipeline. However, many companies struggle to keep... Read More

An established best practice in idea management is providing feedback to participants. It is in fact, crucial to the success of such voluntary systems. Every idea contributor wants to know that his or her idea has been seen and considered. Obviously, they also want to know whether the review team... Read More

In terms of innovation management processes, concepts perform a somewhat delicate balancing act between ideation and product development. An idea needs to be explored from a variety of angles in order for its potential to become clear. However, as experts spend more time looking at it, they may be... Read More

Active in roadmapping, but encountering difficulties? During a webinar on Product Line Roadmapping by Paul O'Connor of The Adept Group, a majority of participants indicated that this was their case. It may be of interest therefore to touch on some issues I noted recently after discussions with... Read More

Few people can start a buzz quite like Elon Musk. Even his cars get people to stop and stare as they drive down the street. Me? I actually offered a guy at my gym money if he’d let me drive his Model S around the block. (He declined. Turns out if you spend $70,000 on a car, you’re not willing to... Read More

A recent virtual series, The Consumer Goods Innovation Exchange, brought together innovation and new product development professionals from leading consumer goods firms such as PepsiCo and Kimberly Clark to share their stories of success and lessons learned in their journey to transform the... Read More