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Wellspring Blog

The Journey to Driving Innovation Performance: How Do Your Challenges Compare to Your Peers?

July 10, 2014
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

Strategic Portfolio Planning and Resource Prioritization

June 19, 2014
Preparing for an upcoming portfolio review? Engaging in strategic portfolio planning? Then it is important to check whether sufficient progress has been made on the top innovative initiatives. Or has development been slower than planned, because the targets set in the strategic portfolio have been... Read More

Three Takeaways from Top Innovation Professionals in Consumer Goods Packaging

June 17, 2014
The failure rate of new products is often over 50%, and can be as high as nine out of ten in some industries. A recent conference, Best of Food and Beverage Packaging, featured innovation professionals highlighting the implications of technology and trends in food and beverage packaging. Their... Read More

Enterprise Innovation Management: A Q&A with Andy Michuda and CINO Summit Management

May 20, 2014
Recently, I presented at the Chief Innovation Officer Summit (CINO). The CINO conference management asked for my thoughts on the following questions. I thought inKNOWvations readers may also be interested as well. Read More

Chief Innovation Officer Summit (CINO) Debrief: Back to the Innovation Future

May 08, 2014
Recently, I presented at the Chief Innovation Officer Summit (CINO). I have wondered for some time how the market would differentiate between the two CIO titles and roles that have evolved in the corporate world. The traditional CIO stood for Chief Information Officer of course which had enterprise... Read More

The Business Case for More Effective Innovation

April 15, 2014
Every day brings a new press release or corporate statement extolling the virtues and importance of innovation to a corporation's future. But aside from mom and apple pie concepts of being a world leading product company, do stakeholders in the business really understand the tangible value that... Read More

R&D Spend Does Not Equate to Being Innovative

April 03, 2014
The Annual Global Innovation 1000 Study by Booz & Company includes a list of the companies with the highest R&D spending. Forbes magazine did investment related research into these top R&D spenders and concluded that contrary to popular belief, companies that spend more on R&D are not necessarily... Read More

The Innovation Exchange: Five Lessons in Improving Execution from PepsiCo, Kimberly-Clark and J.M. Smucker

March 27, 2014
While establishing innovation and new product development process is no easy feat, effective execution and adoption of practices is even more difficult. Time and again, leading consumer goods companies recognize they need more from their innovation investments. Read More

Overcoming Challenges in Chemical Industry Innovation: Where Will You Start?

March 11, 2014
As an innovation or R&D professional in a chemical organization, you've likely experienced firsthand the challenges that come with striving for growth and competitive differentiation through innovation initiatives. With a rebounding economy and growing global demand, chemical executives are... Read More

Help! My NPD Process is Stuck in the 80s

February 27, 2014
Your NPD process is stuck in the 80s when… Your organization still calls it ‘gated process'. Your portfolio of projects consists of an Excel™ spreadsheet. Projects get into the process and never get killed. Concepts are generated from random brainstorming or are management pet projects. Your... Read More

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