Business

US vs. everyone else

Despite this year’s full of pandemic changes that have changed companies’ priorities, innovation remains a primary concern among companies around the world.

Using data from the annual rankings made by Boston Consulting Group (BCG) Using a poll of 1,600 global innovation experts, this graphic was ranked in the top 50 of the most innovative companies in 2021.

Below, we’ll take a closer look at some of the major companies and their innovative approaches.

Most Innovative Companies: Leaderboard Breakdown

To create the top 50 innovative company rankings, BCG uses four variables:

  • Global “mind share”: Votes from all innovation executives.
  • Industry peer review: The number of votes from executives in the company’s industry.
  • Industry turmoil: Diversity index for measuring industry-wide voting.
  • Value creation: Total share return.

For the second consecutive year Apple Claim the top spot on this list. Let’s take a look at the complete ranking for 2021.

Company industry main office Changes from 2020
1 Apple technology πŸ‡ΊπŸ‡Έ USA
2 alphabet technology πŸ‡ΊπŸ‡Έ USA
3 Amazon Consumer goods πŸ‡ΊπŸ‡Έ USA
Four Microsoft technology πŸ‡ΊπŸ‡Έ USA
Five Tesla Transport and energy πŸ‡ΊπŸ‡Έ USA +6
6 Samsung technology πŸ‡°πŸ‡· Korea -1
7 IBM technology πŸ‡ΊπŸ‡Έ USA +1
8 Huawei technology πŸ‡¨πŸ‡³ China -2
9 Sony Consumer goods πŸ‡―πŸ‡΅ Japan
Ten Pfizer Health care πŸ‡ΊπŸ‡Έ USA return
11 Siemens technology πŸ‡©πŸ‡ͺ Germany +10
12 LG Electronics Consumer goods πŸ‡°πŸ‡· Korea +6
13 Facebook technology πŸ‡ΊπŸ‡Έ USA -3
14 Alibaba Consumer goods πŸ‡¨πŸ‡³ China -7
15 Oracle technology πŸ‡ΊπŸ‡Έ USA +10
16 Dell technology πŸ‡ΊπŸ‡Έ USA +4
17 Cisco Systems technology πŸ‡ΊπŸ‡Έ USA -Five
18 the goal Consumer goods πŸ‡ΊπŸ‡Έ USA +4
19 HP Inc. technology πŸ‡ΊπŸ‡Έ USA -Four
20 Johnson & Johnson Health care πŸ‡ΊπŸ‡Έ USA +6
twenty one Toyota Transport and energy πŸ‡―πŸ‡΅ Japan +20
twenty two Salesforce technology πŸ‡ΊπŸ‡Έ USA +13
twenty three Walmart Consumer goods πŸ‡ΊπŸ‡Έ USA -Ten
twenty four Nike Consumer goods πŸ‡ΊπŸ‡Έ USA -8
twenty five Lenovo technology πŸ‡­πŸ‡° Hong Kong SAR return
26 Tencent Consumer goods πŸ‡¨πŸ‡³ China -12
27 Procter & Gamble Consumer goods πŸ‡ΊπŸ‡Έ USA +12
28 Coca Cola Consumer goods πŸ‡ΊπŸ‡Έ USA +20
29 Abbott Laboratories Health care πŸ‡ΊπŸ‡Έ USA new
30 Bosch Transport and energy πŸ‡©πŸ‡ͺ Germany +3
31 Xiaomi technology πŸ‡¨πŸ‡³ China -7
32 IKEA Consumer goods πŸ‡³πŸ‡± Netherlands return
33 FAST RETAILING Consumer goods πŸ‡―πŸ‡΅ Japan return
34 Adidas Consumer goods πŸ‡©πŸ‡ͺ Germany return
35 Merck & Co. Health care πŸ‡ΊπŸ‡Έ USA return
36 Novartis Health care πŸ‡¨πŸ‡­ Switzerland +11
37 Ebay Consumer goods πŸ‡ΊπŸ‡Έ USA return
38 PepsiCo Consumer goods πŸ‡ΊπŸ‡Έ USA return
39 Hyundai Transport and energy πŸ‡°πŸ‡· Korea return
40 SAP technology πŸ‡©πŸ‡ͺ Germany -13
41 Inditex Consumer goods πŸ‡ͺπŸ‡Έ Spain return
42 Modana Health care πŸ‡ΊπŸ‡Έ USA new
43 Philips Health care πŸ‡³πŸ‡± Netherlands -20
44 Disney Media & Telecom πŸ‡ΊπŸ‡Έ USA return
45 Mitsubishi Transport and energy πŸ‡―πŸ‡΅ Japan new
46 Comcast Media & Telecom πŸ‡ΊπŸ‡Έ USA new
47 GE Transport and energy πŸ‡ΊπŸ‡Έ USA return
48 Roche Health care πŸ‡¨πŸ‡­ Switzerland return
49 AstraZeneca Health care πŸ‡¬πŸ‡§ UK new
50 Bayer Health care πŸ‡©πŸ‡ͺ Germany -12

One company worth touching Pfizer, Returnees from the previous year who ranked 10th in this year’s ranking. Not surprisingly, Pfizer created the list given its important role in the fight against COVID-19.Pfizer has partnered with BioNTech to launch the COVID-19 vaccine Less than a year.. This is impressive given that historically, vaccine development can take up to 10 years to complete.

Pfizer is just one of the four COVID-19 vaccine producers on the list this year.Modana, Johnson & Johnson, When AstraZeneca I also made a cut.

On the other hand, in a completely different industry Toyota We won 21st place on this year’s list, up 20th place compared to the ranking. Previous year..This massive jump is the company’s recent $ 400 million Investing in a company set up to manufacture flying electric vehicles.

R & D and innovation are often thought of as synonyms, but the former is just one of the innovation methods that helps businesses get on the list. Other companies have innovated in a variety of ways, including streamlining processes to improve efficiency.

For example, in 2021 Coca Cola Performed a beverage portfolio analysis and eventually reduced the brand list In half, 400-200 global brands. This reduction and pivot capability may be the reason behind the 20-rank increase from 2020.

Innovation creates value

Innovation is coming, as this year’s rankings show Many forms.. However, while there is no one-size-fits-all approach, there is one fairly consistent innovation trend. It’s the link between innovation and value.

In fact, according to BCG’s historical data, the correlation between value and innovation has become even stronger over the last two decades.

For example, in 2020, a portfolio theoretically invested in BCG’s most innovative companies would have been implemented. 17% Better MSCI World Indexβ€” That wasn’t the case in 2005.

Still, despite the value of innovation, many companies are not ready to expand their innovation practices and therefore do not enjoy the benefits of innovation.

Innovation preparation gap

BCG uses several indicators to assess a company’s “innovation readiness”, such as talent and cultural strength, an organizational ecosystem, and the ability to track performance.

According to BCG analysis 20% Some of the companies surveyed were ready to expand their innovation.

Innovation scaling

What is preventing companies from reaching their innovation potential?The most important gap seems to be what BCG calls Innovation practiceβ€” Project management and the ability to execute efficient, comprehensive strategies and consistent ideas.

To overcome this obstacle, BCG states that companies need to strengthen collaboration between departments and foster a “one-team mindset” to coordinate team incentives.

US vs. everyone else

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