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Why is it important to Innovate?

“Numerous studies have shown that firms that innovate consistently, employ more workers, have higher skill levels, pay higher wages and offer more stable prospects to their employees and investors - (DTI Innovation Unit)

“In essence, unless organisations are prepared to renew their products and processes on a continuing basis their survival chances are seriously threatened.” - (Managing Innovation, Integrating Technological, Markets and Organizational Change - Joe Tidd, John Bessant, Keith Pavitt)

INNOVATION

The Top 100 Most Innovative Companies Ranking

The World's Most Innovative Companies
2006 Rank Company Margin Growth
1995-2005
%		 Stock Returns
1995-2005
%
1 Apple
7.1
24.6
2 Google
NA**
NA**
3 3M
3.4
11.2
4 Toyota
10.7
11.8
5 Microsoft
2.0
18.5
6 General Electric
5.7
13.4
7 Procter & Gamble
4.4
12.6
8 Nokia
0.0
34.6
9 Starbucks
2.2
27.6
10 IBM
-0.7
14.4
11 Virgin
NA**
NA**
12 Samsung
-4.5***
22.7
13 Sony
-11.0
5.1
14 Dell
2.0
39.4
15 IDEO
NA**
NA**
16 BMW
9.1
14.2
17 Intel
-0.3
13.8
18 eBay
13.0***
NA**
19 IKEA
NA**
NA**
20 Wal-Mart
1.9
16.2
21 Amazon
25.0***
NA**
22 Target
7.4
25.2
23 Honda
8.0
12.9
24 Research In Motion
57.0***
NA**
25 Southwest
-0.1
13.9
26 Porsche
NA**
33.1
27 Genentech
5.7
29.3
28 Cisco
-2.2
15.2
29 Nike
0.0
10.7
30 Motorola
0.7
3.8
31 DaimlerChrysler
4.8***
-1.8
32 Infosys
3.0***
73.6
33 Ryanair
2.7
28.4
34 Pixar
24.2
13.8
35 SonyEricsson
NA**
NA**
36 Whole Foods
4.1
36.6
37 Capital One
-2.1
27.4
38 Tesco
-0.3
16.2
39 Danone
4.7
13.3
40 BP
-0.2
12.3
41 PepsiCo
4.9
10.2
42 Hewlett Packard
-6.6
7.1
43 Disney
-3.7
2.9
44 jetBlue
NA**
0.9
45 W.L. Gore & Associates
NA**
NA**
46 Skype Technologies
NA**
NA**
47 FedEx
4.3
18.9
48 Bang & Olufsen
2.4
16.3
49 Renault
23.7
14.8
50 L'Oreal
2.3
14.2
51 ExxonMobil
5.8
13.6
52 Siemens
2.0***
12.6
53 Johnson & Johnson
3.6
12.6
54 Shell
2.4
11.0
55 Pfizer
1.8
9.9
56 Singapore Airlines
-5.8
7.7
57 Nissan
30.2
5.4
58 DuPont
-1.8
4.9
59 Zara
NA**
NA**
60 TiVo
NA**
-24.6
61 Yahoo!
NA**
42.9
62 Macquarie Bank
NA**
35.0
63 Audi
9.2
30.1
64 Harley Davidson
7.1
22.3
65 Progressive Insurance
1.1
22.0
66 Volvo
-2.7
17.1
67 Philips Electronics
3***
16.2
68 ING Bank
3.0
15.7
69 Nestle
1.2***
13.9
70 Boeing
0.1
7.6
71 Matsushita Electric Industrial
-1.4
3.9
72 easyJet
0.0***
3.7
73 UPS
3.4
3.6
74 Coca-Cola
1.3
2.4
75 Cirque du Soleil (tied)
NA**
NA**
75 McKinsey (tied)
NA**
NA**
75 Woolworths (tied)
5.6***
NA**
78 Hutchison Telecommunications
NA**
88.1
79 Salesforce.com
NA**
58.4
80 ACS
NA**
35.1
81 ITC
NA**
25.4
82 Time Warner
8.1
22.3
83 Danaher
2.7
21.7
84 Costco Wholesale
1.7
20.7
85 LG Electronics
NA**
19.1
86 bankinter
NA**
18.3
87 Amgen
-0.3
18.2
88 Caterpillar
0.3
17.5
89 Accenture
NA**
16.3
90 SAP
1.3
15.7
91 SK Telecom
1.5
15.7
92 Home Depot
4.3
14.9
93 LVMH
-2.6***
12.3
94 Gap
-1.7
11.6
95 Unilever
5.0***
11.2
96 Goldman Sachs
-4.9***
10.9
97 John Deere & Co.
-1.1
8.9
98 Whirlpool
2.0
7.2
99 Entel
NA**
6.2
100 McDonald's
-2.4
5.2

 

What is innovation?

“Innovation, [is] the successful exploitation of ideas, into new products, processes, services or business practices” - (DTI Innovation Unit)

Top 100 innovative companies