May-23-11 By Aminda
Booz & Company has recently released the results of their sixth annual Global Innovation 1000 study. The study has consistently shown that there is no statistically significant relationship between financial performance and innovation spending. However, the Consulting firm identifies what does matter, like the talent, knowledge, team structures, tools, and processes that combine to form a company’s distinct innovation strategy.
From the survey of the 1,000 public companies around the world that spend the most on research and development, Booz & Company identified three strategies that are most often utilized by these successful innovation companies.