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Wellspring Blog

How to align innovation with your strategy

December 21, 2021
Innovation has to serve a purpose. If it doesn’t align with your overall business strategy, you’re wasting time and money. Here’s how to make sure innovation is helping you achieve your business goals. Read More

Why large companies need innovation governance to remain competitive

December 21, 2021
For large companies today, competition comes in many forms. Beyond their traditional competitors, these organizations must earn market share against nimble startups and drastically reduce time-to-market. And they must also compete with companies in countries that have to adhere to different sets of... Read More

How Tyrome Smith found his innovation purpose

December 17, 2021
One of the key challenges that innovators face is finding their purpose. Here’s how a cop-turned-coach and management consultant found his. Read More

Product refactoring is a critical new product development strategy

December 14, 2021
One of the most frustrating new product development (NPD) scenarios is when a great idea on paper doesn’t quite translate in practice. Very often this situation emerges from challenges in one of these buckets (if not both): Read More

Four steps to enable more effective product management

December 08, 2021
In a recent Innovation+Talks podcast, I spoke with Steve Johnson about the process of product management and he shared some really great insights. The intersection of innovation and business is where product management lives. A product manager serves as the bridge between a customer pain point and... Read More

How chemical companies maintain market share with greater customer demands

November 30, 2021
Chemical companies once had distinct market segments with quite predictable volumes and sales expectations, but this has drastically changed because customer behavior has evolved. The automotive industry, the distribution and packaging sector, and the construction industry are under intense... Read More

Chemical companies must accelerate innovation to capture fast-changing market opportunities

November 23, 2021
There are many opportunities in today’s chemical industry. New markets, new products, new partnerships – they seem to be popping up everywhere. In addition to new opportunities, there are also new regulations and greater demands for sustainability. As exciting as all this may be, it also adds... Read More

Forward thinking chemical companies achieve sustainability goals with a single innovation management system

November 17, 2021
According to Deloitte’s 2021 Chemical Industry Outlook, consumers increasingly value sustainability and prioritize products based on circularity and carbon footprint. At the same time, government regulations are placing increased pressure on companies to meet strict new sustainability goals. Ready... Read More

Five key leadership habits for unleashing innovation performance

November 09, 2021
We’re all familiar with the concept of getting in the way of our own success. Unfortunately, I’ve seen many companies struggle with this same impediment when it comes to innovation performance. Yes, your organization has great ideas, but are your internal structure, culture and priorities... Read More

Driving CPG innovation with ‘scalable flexibility’

November 03, 2021
According to a recent Accenture report, 75% of global consumer packaged goods (CPG) executives say the stakes for innovation have never been higher. And there’s good reason for these big company executives to feel that way. The report found that large and mid-size CPG companies had seen their... Read More

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