Wellspring Blog

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... Read More

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... Read More

Top global firms increasingly use corporate venture capital (CVC) as part of their innovation strategy. The corporate venturing market has expanded as deal sizes grow and new players seek investment in strategic technology. The competition benefits consumers who gain access to newer, innovative... Read More

Employ Technology Scouting and IP Management For many industries, innovation is a slow and costly process. This is especially true of capital-intensive verticals such as chemical manufacturing. Yet, innovation remains a top priority for corporate bosses in the chemical industry and a major... Read More

You are tasked to find that all-important next big thing—how do you find it amongst the deluge of information on the web? It’s like finding a needle in a haystack, and the haystack keeps getting bigger. Crowdsourcing and Google searches are shotgun approaches to idea gathering and can take huge... Read More

5 Tips for Successful Industrial Research Partnerships Read More

“You Need an Innovation Strategy” is the title of a recent article in the Harvard Business Review; it is also a statement of fact. An organization without one is, as author Gary Pisano notes, a “grab bag of much-touted best practices” that will only become successful through sheer luck. Pisano put... Read More

For the past three decades manufacturing firms have embraced supply chain management as the backbone of a scale-driven, competitive, and increasingly global economy. The value of a streamlined process was first demonstrated when Sakichi Toyoda implemented the Toyota Production System (TPS) in the... Read More

Reap what you sow Read More

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