"Because most people see the innovation coming in as a potential threat, and it can be a threat to what they're working on. But I think it's a bigger threat for what they don't know because people outside the company are working on things that they didn't think about… The innovation journey is just starting there. It takes a long way to go through to get proper revenue."
– Marty Gray, Vice President of Business Development at Stanley Black & Decker
This week's VentureFuel Visionary is Marty Guay, Vice President of Business Development at Stanley Black & Decker. By collaborating with startups, Stanley Black & Decker seeks to explore the diverse global ideas and solutions that entrepreneurs and innovators are developing. This allows them to capitalize on the 99.9% of innovation beyond their four walls.
Marty Guay shares that their team understands the value of embracing innovation and keeping pace with market trends in their journey to scale simplicity. This mindset enables them to adapt swiftly to emerging technologies and maintain their position as an industry leader. However, with a long-standing legacy and extensive infrastructure, they also face synchronization and legacy systems challenges.
Catch our conversation as we delve into how Stanley Black & Decker continues to thrive by staying connected to the cutting edge of innovation.
At VentureFuel, we help our clients commercialize innovation to ignite change within their organizations, all through startup collaborations. Contact us to learn more today!