As the market grows and transforms rapidly, innovation has remained a top concern among corporations worldwide. Innovation comes in many forms. But, while there’s no one-size-fits-all approach, there is one fairly consistent innovation trend – the link between innovation and value. The correlation between value and innovation has grown even stronger over the last decades. Despite innovation’s value, many companies can’t reap the benefits that innovation offers because they aren’t ready to scale their innovative practices.
Innovative practices entails things like project management or the ability to execute an idea that’s both efficient and consistent with an overarching strategy. While we often think of R&D and innovation as being synonymous, the former is just one innovation technique that’s helped companies appeal to customers and capture a large market share. Other companies have innovated in different ways, like streamlining processes to increase efficiency.
Here are the top 20 most innovative companies in the world.
Transport & Energy
Johnson & Johnson