December 1, 2014
The Boston Consulting Group recently released its annual report on the world’s most innovative companies. And, for the ninth year in a row, Apple has been designated this year’s most innovative company. Not surprisingly, 7 of the top 10 spots are taken up by technology and communications companies, with Google, Samsung, Microsoft, and IBM rounding off the top five slots.
BCG has been compiling the report since 2005, and ever since its initial report, Apple has placed at the top of this list. In order to compile this list, the company surveys more than 1,500 global senior innovation executives to rate companies based on their degree of innovation. According to those surveyed, innovation has become an increasingly important aspect of running a company – with three-fourths of those surveyed ranking innovation as one of their top three priorities and more than 60 percent planning to double their time on innovation tactics. To find the top 50 global companies, these executive surveys were weighted against three-year shareholder growth, revenue growth, and margin growth.
Glancing at the rankings of the most innovative companies, it’s should also come as to no surprise that many of the tech companies listed represent companies for which many people desire employment. While we certainly can’t make any exact conclusions based on correlation, it does suggest that innovation may play a role in creating a better quality of life for employees. Indeed, for many on the job market, innovative companies with matching cultures that support innovation on the behalf of its employees is a highly sought-after factor.
Take a look at the full ranking of the top 50 most innovative companies below:
Read the full report on Most Innovative Companies 2014 from BCG.
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