This Week's Herman Trend Alert

HR in Normal 2.0
 

  The Herman Trend Alert

January 30, 2012

Innovating Companies

Innovation is an important driver of the growth that generates sustained, above-average returns anytime, but especially in a turbulent economic environment. Companies use these new ideas to "increase efficiency, ensure regulatory compliance, improve sustainability, and boost profits".

To support companies in their drive toward innovation, since 2004 the Boston Consulting Group (BCG) has fielded annual innovation surveys. This year's report, released last week, is titled, "The Most Innovative Companies 2012: The State of the Art in Leading Industries". In its report, BCG names 50 companies that that 1,500 global executives ranked as the "most innovative".

"Billions in profits are at stake for companies that can crack the code and deliver meaningful advantage from innovation", said a BCG senior partner and coauthor of the report.

Not surprisingly, the tech and telecom industries have continued to be at the forefront leading innovation. They earned seven of the top ten places on BCG's list. A handful of companies have demonstrated ongoing dominance in the top rankings. Since 2005, Apple has been number one every year. Since 2006, Google has been number two every year. Since 2005, Microsoft has been in the top ten every year. And since 2005, IBM and Sony have been in the top ten almost every year.

However, this year other industries gave the tech sector a run for its money. Traditional industries, including industrial products and automotive together, made up 40 percent of the list. Automotive companies made up seven of the top 25 companies in 2012, and five diversified industrial companies entered or returned to the rankings.

BCG also highlights six practices of the most innovative companies and explores how those practices have played out at innovation leaders across a range of industries:
1) Get the customer involved early.
2) Use data to drive tough decision-making.
3) Think strategically about tradeoffs.
4) Ensure senior leadership commitment.
5) Envision innovation as a holistic system.
6) Optimize intellectual property to create value.

As we have said in the past, properly managed innovation will drive bottom line profitability. We expect to see more traditional companies giving the tech sector competition for these rankings.


© Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 336-210-3548 or https://hermangroup.com. To sign up, visit https://HermanTrendAlert.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."

DON'T MISS APF'S FUTURES FESTIVAL: ONLINE OCTOBER 24TH: FULL SPECTRUM FUTURES
The Association of Professional Futurists proudly presents its annual online learning experiences on Full Spectrum Futures. Network with leading futurists from all over the world. And best of all, it's free to attend, though contributions are encouraged to help defray costs. For more information, visit here.

SUPERIOR TRANSLATION SERVICES
Excellent translation services from English, French, or German into Spanish. Especially well-versed in medicine/pharma and automobile industries. 5-year Bachelor Degree in Translation. Also editing and proofreading of all kinds of Spanish language documents. Flexible rates, depending on number of words, degree of difficulty/technicality, and turnaround. For an instant quote email Mariana Campora Lesti at marianalesti515@gmail.com or contact her on SKYPE at marianacampora.

HOW DOES SHE DO IT?
Our author Joyce gets quoted in TIME Magazine and other national media on a regular basis. You can, too! Sign up for ExpertClick.com. You will be found by the news media and in Google search: 1. Through your personal search-engine-optimized press room by 39 topics you choose; 2. By news releases pushed out 10 ways including Google News; 3. Be found in the 2020 printed Yearbook of Experts, Authorities & Spokespersons. Save 15% when you register by October 31st @ http://www.ExpertClick.com/Discount.

To read this Herman Trend Alert on the web: https://hermangroup.com/alert/archive_10-14-2020.html.


Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.

New subscribers are always welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 90 countries, including other websites and printed periodicals. Click here to sign up for the Herman Trend Alert.

Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service.


Subscribe or Unsubscribe to weekly Herman Trend Alert
View this week's Herman Trend Alert
Archived Weekly Herman Trend Alerts

                                                                                                                                                                                                                                                                                                                                                                         


[ Home About Products Resources Media ]

 

7112 Viridian Lane
Austin, TX 78739
Voice: 336-210-3548
Toll Free in US & Canada: 800-227-3566
E-mail: info@hermangroup.com


  © The Herman Group. All rights reserved.

Web site design by WebEditor Design Services, Inc.