Wall Street and the Innovation Index
Posted by Isidoros Passas at 5 January 2007 in Innovation
Mr. Sanjay Dalal of the Creativity and Innovation Driving Business blog has been working on the development of an Innovation Index that tracks the stock market returns of the top innovators in North America.
This Innovation Index is a useful tool for demonstrating the power of innovation, keeping in mind that past performance is no indicator of future performance. (In other words, if you load up your portfolio with Microsoft, Google, Cisco, Yahoo, Research in Motion and Apple, don’t be surprised if the stellar stock market returns promised by the Innovation Index are erased forever with just one bearish tech cycle.)
The Innovation Index is a compilation of the top 18 Innovators in North America. Most of these Innovators are prestigious companies including GE, 3M, HP, IBM, and Proctor & Gamble who have created numerous innovations and shaped our lives over the past fifty plus years; some leaders are better known by their innovative product brands – Blackberry by Research In Motion, iPod and iMac by Apple, online shopping by Amazon.com, Windows and Office by Microsoft, Microprocessor powered by Intel; the list also includes leaders whose creativity and brands have become synonymous to markets: networks by Cisco, computers by Dell, marketplace of traders by eBay, hot coffee and cappuccino by Starbucks, fashionable clothing by Target, lowest price shopping by Wal-Mart, low airline fares by Southwest Airlines, and search nirvana by Google.
The alphabetical list of the top 18 Innovators of The Innovation Index along with their stock ticker symbols are presented below:
- 3M Company
- Amazon.com, Inc.
- Apple Computer, Inc.
- Cisco Systems, Inc.
- Dell Inc.
- eBay Inc.
- General Electric Co.
- Google Inc.
- Hewlett-Packard Co.
- Intel Corporation
- International Business Machines Corp.
- Microsoft Corporation
- Research In Motion Limited
- Southwest Airlines Co.
- Starbucks Corporation
- Target Corp.
- The Proctor & Gamble Company
- Wal-Mart Stores, Inc.
The Innovation Index Report incorporates the following objectives and is released weekly:
- Report, analyze and project the stock performance of the top 18 Innovators in North America every week, and compare their performance to S&P, NASDAQ and Dow Jones.
- Compare and contrast best practices, initiatives, new products, successes, strategies, stories, leadership and insights on Creativity and Innovation at the top 18 Innovators.
- Showcase Disruptors challenging these top Innovators, their disruptive innovation strategy, and their current and potential impact on the Innovators’ customer base and market share
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