Strategy

Using Tech Scouting Software to Source and Manage Technologies [video]

Discovery used to be relatively easy. But, over time it has become harder and harder to find the next great innovation. Wellspring for Technology Scouting software was developed to deliver a simpler and more efficient way to find and manage technologies. It streamlines the process by addressing the hidden costs of modern innovation. Wellspring for Technology Scouting from Wellspring on ...

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Inventors are Not Created Equal

How to Recognize and Grow Different Types of Inventors Innovators are often difficult to recognize. They don’t wear signs or fit a particular personality profile. Sometimes they quietly go through the day while drawing little attention to themselves and many times it seems they cannot stop talking about their ideas or inventions. What often happens is inventors fall into different ...

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Stop Chasing The Last Big Thing

Business in the digital age has become a seemingly neverending series of “next big things.” Whether it’s e-commerce, search engine optimization, social media, big data or something else, the pattern of firms struggling to adapt is as predictable as Gartner’s hype cycle. First there is widespread panic, then a rushed effort to get up to ...

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How to Actually Keep a Trade Secret

I can’t tell you it is a secret – well ok… Trade secrets have a number of fundamental flaws. Probably the most difficult thing about keeping a trade secret is your company has to be able to keep a secret. While the concept of keeping a secret is easy, the implementation can be extremely difficult. With algorithm or process based secrets, ...

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The Case for Dual Innovation

The Case for Dual Innovation

The first time I was advocating the idea of a dual innovation approach, here also referred to as organizational ambidexterity, is now more than 5 years ago. At this time it became pretty obvious to me that this concept – academically worn-out but deficiently or not at all put into practice in most organizations – would be of increasing importance in the time to come. ...

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Reversing Your Company’s Shrinking Lifespan

We are all living longer than we used to but the companies we work for are not. Corporate life expectancy is at a serious decline. Our life expectancy has increased by almost 30% in the last 80 years but corporate life expectancy has fallen by almost 500% in the same period. This rapid rate of decline started in the 60s ...

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Key Innovation Lessons from the Nuclear Industry

One of my favorite parts about writing about innovation is receiving insightful comments from readers with diverse experiences and perspectives.  Recently, a junior colleague with expertise in organizational research, learning, and performance made a connection between my previous article on the need to de-risk innovation and the key traits of high-reliability organizations (HROs).  HROs, such as nuclear power generation and air traffic control, are ...

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Why Limit Yourself?

Why Limit Yourself?

When consulting with clients in this Memphis area, we often have to deliver the bad news first. This bitter pill usually comes in the form of a Sunset Analysis that details when the client’s once market-leading products will be costing more to keep in production than generating revenue.

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