Here are the top 50 inventive companies in the world this year
Kathmandu. As in real life, exploration is a powerful combination of operation, shape, and skill. Operations set ambitious agendas and invest in potential opportunities.
Size can turn those opportunities into new sources of income. Skills become an integral part of holistic exploration, which is needed forever.
The size and power of exploration-based companies around the world are growing. Out of the 50 exploration-based companies on Boston Consulting Group-BCG's 2020 list, smaller companies have revenues of 30 billion.
Since the first survey in 2005, their income has increased by 170 percent, or 11 billion. But operation and size are meaningless when your exploration system can't work on it.
BCG's investigation has drawn more serious conclusions about this. A series of explorations is awkward. Out of 162 companies, 50 companies have been at the top of BCG for the last 14 years. 30 companies once fell on this list.
Fifty-seven percent of companies made it to the list three times or less. Only eight companies, including Alphabet, Amazon, Apple, HP, IBM, Microsoft, Samsung, and Toyota, make it to the list each year.
When BCG began research for the 14th edition of the 'Most Innovative Company' report, COVID 19 arrived. The main theme of this year was about the importance and benefits of a series of explorations.
This discovery has become even more relevant today as the leadership of research is making sweeping changes in supply, demand, consumer behavior, and the way it does business. Besides, companies have doubled their exploration during the current recession.
Companies are taking advantage of investment opportunities and working to overcome this situation. But the development of a clear exploration strategy is a prerequisite for its successful completion, which requires proper investment support.
Your search system should be able to quickly identify and use this opportunity. While researching these topics, a global innovation performance database of thousands of companies was created.
The study was started to find out what practices of those companies enabled him to rise above the rest of the world.
Committed to exploration
For two-thirds of the companies included in the study, exploration has always been a top-three management priority. This is the lowest level of the financial crisis in 2009 and 2010.
The uncertain economy that emerged due to geopolitical tensions before the spread of COVID 19 is also thought to be one of the reasons. This finding can be analyzed more subtly. Committed investigators, who accounted for 45 percent, said exploration was their top priority.
He also mentioned that he has made significant investment commitment. Another concern was that exploration, which accounted for 30 percent, was not a strategic priority and was not a special area of investment.
Similarly, 25 percent of the ambiguous investigators have not invested as much in the strategic importance of the investigation.
The study found that 56 percent of researchers were in the financial and pharmaceutical sectors, 32 percent in wholesale and retail, and 37 percent in industrial goods.
Committed investigators have won. In the business started three years ago, the sales ratio of goods and services to such investigators has increased by 60 percent. The business of suspicious investigators has increased by 30 percent and the business of dilemma researchers by 47 percent.
Even in previous investigative reports, there was a big difference between committed investigators and others. Looking at the example of 2019, there was a big gap between the business of strong and weak investigators when it comes to using artificial intelligence.
The strong investigators involved in this study have found that external investigations, such as incubators and partnerships with educational institutions, have progressed.
According to a 2018 research report, 80 percent of strong investigators digitized their investigative processes well, while 30 percent were weak.
The expanding business of strong investigators is the latest evidence of the strong link between commitment to exploration and its analogy. This situation is seen in all areas related to exploration.
How do committed investigators work?
Most companies try to address multiple exploration challenges at once. But committed investigators handle only a few exploratory tasks at a time and get the right results by addressing them.
They focus on advanced analytics, digital design, and technical platforms. There are various reasons behind embracing these three special things of technology.
For example, advanced analytics has always been a top priority for industrial goods companies looking for new analytics-driven value propositions.
For example, agricultural equipment manufacturers are now moving to create the easiest agricultural technology possible through IoT (Internet of Things).
Even among the most committed investigators, only 60 percent have solved their priority challenge. There is plenty of room for improvement for other companies. Another challenge the success of can not be repeated.
Innovation and discovery
The researchers asked executives at various top investigative companies after 2015. Which has seen a new amazing pattern this year?
When the research was done on this topic, it was found that companies from different fields came to different fields and led the research. For example, Amazon is exploring the health sector, while Alibaba is exploring financial services.
In today's world where all sectors are becoming technical industries, it is very important to be able to develop exploration capacity by merging other sectors with one's own.
Many companies have broken through the wall and entered another area. Three M Company has explored many industries in the last few years.
These include consumer goods, chemicals, construction, and Medtech. Compared to 2016, this trend has increased even more (about 20 percent). New players following this trend are Sony, Nike, Xiaomi, and JD.com.
If you look at the data at the industry level, software and service companies are entering such areas. Automakers, chemical companies, retailers, and industrial manufacturers are entering the field of other companies.
Because they have seen opportunities in the business model driven by new technology. They have also found a source of income outside their core business.
Top 50 Innovative Companies
BCG's best inventor company is based on a comprehensive survey of 2,500 innovation executives from around the world, selected from a poll conducted from August 2019 to October 2019.
The company's performance was divided into four areas and averaged by calculating scores in the survey.
1. Apple (two location improvements)
2. Alphabet (one place below)
3. Amazon (one place down)
4. Microsoft (in place)
5. Samsung (in place)
6. Huawei (42 place improvements)
7. Alibaba (16 place improvements)
8. IBM (one place down)
9. Sony (back on the list)
10. Facebook (two places down)
11. Tesla (two places down)
12. Cisco (five places above)
13. Walmart (29 places above)
14. Tencent (re-entry in the list)
15. HP (29 places above)
16. Nike (re-entries)
17. Netflix (11 places down)
18. LG Electronics (in place)
19. Intel (re-entries)
20. Dell (21 places up)
21. Siemens (five places down)
22. Target (list re-entry)
23. Philips (six places above)
24. Xiaomi (re-entries)
25. Oracle (re-entries)
26. Johnson & Johnson (12 places down)
27. Snake (one place up)
28. Adidas (18 places below)
29. Hitachi (re-entries)
30. Of cost (re-entry in the list)
31. JD.com (newcomer)
32. Volkswagen (six places up)
33. Bus (newcomer)
34. Airbus (re-entry)
35. Salesforce (two places down)
36. JPMorgan Chase (16 places down)
37. Uber (re-entry)
38. Bayer (14 places down)
39. Poster and Gamble (re-entry)
40. Royal Dutch Shell (ten places below)
41. Toyota (four places down)
42. Nestle (re-entry)
43. ABB (newcomer)
44. 3M (five places down)
45. Unilever (13 places down)
46. FCA (newcomer)
47. Novartis
48. Coca-Cola (re-entry)
49. Volvo (newcomer)
50. McDonald's (29 places down)
Source: BCG Global Innovation Survey
The serial numbers for 2020 compared to 2019. Re-entrants are companies that were not on last year's list but were on the previous year's list.
