BusinessWeek's Third Annual Special Report Ranks the Top 25 Innovative Companies in the World
Posted on: Thursday, 3 May 2007, 18:00 CDT
NEW YORK, May 3 /PRNewswire/ -- Apple, Google, Toyota Motor, and General Electric top the list of the World's Most Innovative Companies in BusinessWeek's third annual special report. The leaders of companies on this year's BusinessWeek list recognize that developing breakthrough products, revamping operational processes, and coming up with new business models doesn't happen overnight. Instead of relying on gimmicks or incremental line extensions, they're working to build organizations that are capable of sustained innovation.
To determine BusinessWeek's 2007 list of the World's Most Innovative Companies, the Boston Consulting Group asked nearly 2,500 executives worldwide to vote for the most pioneering companies doing business today. Not surprisingly, Apple and Google once again prevailed. But a few new names broke in to the top 25: Walt Disney shot up to No. 8, aided by the Steve Jobs effect (the Mouse House acquired Pixar in early 2006), for instance, and Boeing rose to No. 21 behind its revolutionary new jet, the 787 Dreamliner.
Given all the hype, a period of disillusionment about innovation appears to be setting in. Just 46% of respondents to the BusinessWeek-BCG survey said they were satisfied with their return on innovation spending, down from 52% last year. Perhaps due to their disappointments, executives are making innovation less of a priority: Just 23% of respondents called it their top concern in this year's survey, down significantly from 32% last year.
BusinessWeek's special report "The World's Most Innovative Companies" is featured in the May 14th issue, on newsstands May 4th. BusinessWeek.com will also feature expanded content, including the full ranking of the top 50 most innovative companies, rankings by industry, and full methodology, at http://www.businessweek.com/go/innovativecompanies/.
THE WORLD'S 25 MOST INNOVATIVE COMPANIES Rank Company 1 Apple 2 Google 3 Toyota Motor 4 General Electric 5 Microsoft 6 Proctor & Gamble 7 3M 8 Walt Disney 9 IBM 10 Sony 11 Wal-Mart Stores 12 Honda Motor 13 Nokia 14 Starbucks 15 Target 16 BMW 17 Samsung Electronics 18 Virgin Group 19 Intel 20 Amazon 21 Boeing 22 Dell 23 Genentech 24 eBay 25 Cisco Systems
BusinessWeek
CONTACT: Patti Straus - (212) 512-2680Heather Carpenter - (212) 512-2854
Web site: http://www.businessweek.com/http://www.businessweek.com/go/innovativecompanies
Source: PRNewswire
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