Innovation Lessons from the World’s Most Innovative Companies
The March edition of the Fast Company magazine has published its report on the World’s Most Innovative Companies, drawing up a list of the 50 most innovative companies on the planet. Researchers spent six months collecting and analyzing the data.
Leading the way is Google, followed by Bloomberg then consumer electronics company Xiamoi in third place. In studying the data, the magazine’s Editor in Chief Robert Safian has drawn out 12 rising trends that help to create a culture of innovation. Many provide a useful road map to guide companies wanting to innovate. They 12 trends are:
1. Exceptional is expected
2. Innovation is episodic
3. Making money matters
4. Sustainability has found a new gear
5. Unlocking global talent unlocks possibility
6. Passion is underrated
7. Conflict isn’t required
8. Happy customers make you happy
9. Software beats hardware
10. Made in China is a compliment
11. The biggest winner in the app economy remains Apple
12. Dreaming big isn’t folly; it’s required
While the trends do not guarantee disruptive and/or profitable innovations, they can help create the environment to make them more of a possibility.
Reaching the Top 50
Here are some of the reasons why companies made it into the Fast Company’s Top 50:
- Google (number one) – for ‘letting loose almost too many innovations and milestones to count’
- Netflix (number five) – for ‘creating great TV in a new context, using an already-proven model’
- Donorschoose.org (number nine) – for ‘setting its sights on educational reform’.
To read the report in full including analysis of the 12 rising trends, and why companies made it into the top 50, click here.
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