Apple Tops Bloomberg BusinessWeek’s Sixth
Annual Ranking of The 50 Most Innovative
April 15, 2010 05:03 PM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--For the sixth consecutive year, Apple has topped the list of
Bloomberg BusinessWeek’s annual special report, “The 50 Most Innovative Companies,” produced in collaboration
with partner Boston Consulting Group. Google, Microsoft, IBM, and Toyota Motor round out the top five.
For the first time since the rankings began in 2005, the majority of corporations in the Top 25 are based outside the
U.S. and 15 of the Top 50 companies are Asian—up from just five in 2006. China’s rise is biggest. A year ago its
only representative was PC maker Lenovo Group, at No. 56. This year Greater China is tied with Asia’s postwar
powerhouse, Japan, thanks to showings by BYD (8), Haier Electronics (27), Lenovo (29), China Mobile (44), and
Taiwan-based HTC (47). Just ahead of General Electric in seventh and eighth places are newcomers LG Electronics
of South Korea and BYD, with Korea’s Hyundai Motor claiming a spot at No. 22.
Boston Consulting Group’s annual survey of top executives, which provides the raw data for Bloomberg
BusinessWeek’s list, suggests that the crucial factor of the drive of innovation is a mindset—a belief that innovation
matters. In China, 95% of executives said innovation was the key to economic growth, while 90% and 89% of
respondents in South America and India, respectively, agreed. In the U.S., only 72% said innovation was important.
Similarly, 88% of executives in China said they were raising their innovation budgets this year, followed by 82% in
South America and 73% in India. The rate fell to 48% in the U.S., ahead of only Japan, where just 34% of
executives said their companies planned to increase innovation spending. All of which suggests the U.S. may not be
dominating the list again soon.
Bloomberg BusinessWeek’s “The 50 Most Innovative Companies” special report is based on data from Boston