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Wellspring Blog

Collaboration is driving chemical innovation

October 05, 2021
Collaboration is everywhere these days in chemical industry innovation efforts, and in many cases it has moved beyond the walls of a single company. When managed properly, the results of these endeavors can benefit everyone - the companies, consumers and the planet. Read More

CPG Innovation: The Price of Failure and the Promise of Success

October 01, 2021
Failed product launches that don’t live up to revenue projections can have dire downwind implications for Consumer Packaged Goods organizations. Getting the right products to market in the right time frame is critical to improving initiative success rates and building market share. Read More

How Innovation Drives Corporate Performance (And How It Doesn’t)

September 27, 2021
For decades, everyone has called innovation the “fuzzy front end.” On everything from Advanced R&D to Corporate Ventures, program-level investment decisions have largely been driven by leadership intuition. Either you believe in the premise, or you don’t. If that sounds familiar, then I have news... Read More

Improving Quality and Reducing Time-to-market for Smart Products

September 23, 2021
Home smart product manufacturers shipped more than 805 million products in 2020, and to no one’s surprise, that number is expected to increase dramatically in the coming years. IDC predicts that 1.4 billion home smart products will ship by 2025. Companies are under more pressure than ever to... Read More

Embracing Modern Workplaces to Drive Successful Innovation

September 16, 2021
Microsoft recently published a study in the journal Nature regarding the effects of remote work on collaboration among information workers. The results show that “firm-wide remote work caused the collaboration network of workers to become more static and siloed.” Researchers claim the potential... Read More

Four Smart Product Challenges That Lead to Recalls (and How to Fix Them)

September 13, 2021
Earlier this year on an Innovation+Talks’ podcast episode, Sopheon executive Huub Rutten, VP R&D, revealed that one of the most common and disruptive issues companies face when launching new connected products that leverage IoT technology is recalls. Recalls are not only costly in financial terms;... Read More

Why Innovation Governance Matters

September 02, 2021
Many people in our marketplace associate the word “governance” with bureaucracy, administrative overhead and sluggishness. However, this couldn’t be less true. This article argues that the contrary is the case: without a good governance system innovation is unpredictable, slow, not agile and... Read More

A guide to measuring innovation: which metrics to use

September 02, 2021
Find out why innovation is so hard to measure, the issues with current innovation metrics, and how to measure what really matters. Read More

Simplify Resource Planning with These Suggestions

August 24, 2021
If you’ve ordered furniture this year, there’s a good chance you’re still waiting on it. A significant talent resource shortage in almost every industry is making it more challenging to meet customer expectations. How significant? According to the U.S. Bureau of Labor Statistics, there were a... Read More

Assessing and Ranking Competing Projects and Opportunities

August 23, 2021
Oftentimes in large organizations and F500 companies, innovation and R&D are treated like a shared service, with the majority of initiatives originating from outside the function. Other business units and product lines, inspired after an ideation session or hackathon, come to the innovation team... Read More

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