BusinessWeek's Fourth Annual Special Report Ranks the 25 Most Innovative Companies in the WorldSurvey of Key Executives Was Largest Sampling Ever; New Metrics and More Global Nature of Respondents Produced...
NEW YORK, April 17 /PRNewswire-FirstCall/ -- Apple, Google, Toyota Motor, and General Electric once again top the list of "The 25 Most Innovative Companies" in BusinessWeek's fourth annual special report, produced in collaboration with the Boston Consulting Group. As the recession debate shifts from "what if" to "how long," slashing research and development budgets just got a lot more tempting. But there can be an upside to the downturn. Low-cost methods for creating new products are easier than ever as emerging markets provide both cheap labor and booming pockets for growth. "It's tough out there, and getting worse. Our annual list of the 25 Most Innovative Companies shows how executives are using the slowdown to create new value through innovation," says IN: Inside Innovation editor-in-chief, Bruce Nussbaum. Among the haves are the 25 companies that make up the ranking of "The World's Most Innovative Companies." They nurture cultures that value creative people in good times and bad. They develop a diverse portfolio of projects that helps them weather dud ideas. And no finger-wagging Wall Street analyst is going to keep them from doubling down on smart bets that will position them well when the economy rights itself again. To determine the list of the 25 most innovative companies, the Boston Consulting Group once again asked executives to vote for the most pioneering companies in the last year. In a climate when innovation will be scrutinized more than ever, three financial measures were added. For 2008, votes cast in the BusinessWeek-BCG survey got an 80% weighting, while three-year revenue and margin grown each got 5% and stock returns were weighted 10%. BusinessWeek's special report, "The World's Most Innovative Companies," is featured in the April 28th issue, on newsstands April 18th. BusinessWeek.com will also feature expanded content, including an interactive table of the full ranking of the top 50 most innovative companies, lists of the most innovative companies by industry and region, and full methodology, at www.businessweek.com/go/08/innovative.
THE 25 MOST INNOVATIVE COMPANIES
Rank Company
1 Apple
2 Google
3 Toyota Motor
4 General Electric
5 Microsoft
6 Tata Group
7 Nintendo
8 Procter & Gamble
9 Sony
10 Nokia
11 Amazon.com
12 IBM
13 Research in Motion
14 BMW
15 Hewlett-Packard
16 Honda Motor
17 Walt Disney
18 General Motors
19 Reliance Industries
20 Boeing
21 Goldman Sachs
22 3M
23 Wal-Mart
24 Target
25 Facebook
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