The Boston Consulting Group has completed its 14th annual report: The Most Innovative Companies 2020: The Serial Innovation Imperative study.
Congratulations to the 20 AmCham Members who made it on this list!
Key insights from BCG's most innovative companies of 2020 include the following:
- Companies who excel at serial innovation double down their efforts during downturns, so they have a greater opportunity to invest and position themselves for a recovery faster than competitors.
- The companies most committed to excelling at innovation prioritize advanced analytics, digital design and technology platforms to strengthen their specific initiatives and create new ventures.
- Software and services companies have long been known for the disruptive innovation they cause in other industries, with BCG noting chemical companies, industrial manufacturers and others are attempting to do the same today.
- Companies who are innovation leaders invest 1.4X their peers and achieve approximately 4X the output from their innovation programs as measured as % of sales.
Download BCG's full report here.
