Wellspring Blog

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For innovation teams, establishing academic partnerships is a promising investment in the future of its R&D efforts and long-term viability as an organization. As the competitive pressure increases, it becomes increasingly important for innovation teams to identify promising new technologies before... Read More

For most organizations, the R&D pipeline represents the aspirations and goals of the company. As such, it is typically the sole source of future product developments and potential innovation, as most organizations do not fully realize the potential of external innovation to complement their... Read More

Nearly every Olympics, we hear about a new broken world record in one sport or another. While much of this can be attributed to better training, coaching, and dietary techniques, the headlines never focus on the impact that technology has on these records. Although we like to believe that new... Read More

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... Read More

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

“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

Innovation is rarely the result of a single eureka moment. In fact, the vast majority of disruptive technologies enter the market after being adapted from another industry, discipline, or use. The commingling of ideas, and the rate at which companies can adopt external sources of information, has... 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