One of the latest reports published by Boston Consulting Group (BCG) is the “Innovation 2010: A return to Prominence – and the emergence of a new world order”.
According to the executive summary of the report, some of the key findings are:
- After a pause in 2009 that reflected companies’ growing concerns about the economy innovation is once again a top priority for most companies.
- Companies’ willingness to spend on innovation, and their satisfaction with the return on innovation spending, are inching higher.
- Caution remains in the air, however, and companies are adjusting their strategies and tactics.
- Executives consider a risk-averse corporate culture, lengthy product development times, and inadequate measurement practices to be key areas of weakness.
- The organizations that top BCG list of the most innovative companies remain unchallenged – but a longer –term change seems to be underway.
Source: The Boston Consulting Group
Slide Share Documents from Mr. Fred Zimny.