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The Most Innovative
Companies 2014
Breaking Through Is Hard to Do
The Boston Consulting Group (BCG) is a global management consulting firm and the world’s
leading advisor on business strategy. We partner with clients from the private, public, and not-forprofit sectors in all regions to identify their highest-value opportunities, address their most critical
challenges, and transform their enterprises. Our customized approach combines deep in ight into
s
the dynamics of companies and markets with close collaboration at all levels of the client
organization. This ensures that our clients achieve sustainable compettive advantage, build more
i
capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with
81 offices in 45 countries. For more information, please visit bcg.com.
The Most Innovative
Companies 2014
Breaking Through Is Hard to Do
Kim Wagner
Andrew Taylor
Hadi Zablit
Eugene Foo
Part of the Winning with Growth series #bcgGrowth
October 2014 | The Boston Consulting Group
Contents
3
EXECUTIVE SUMMARY
6
INNOVATION IN 2014
Despite Sectoral Shifts, Innovation Remains a Priority
The 50 Most Innovative Companies: Automakers Downshift
RDEs Raise Their Game
1
0
Setting A FOUNDATION FOR
BREAKTHROUGH INNOVATION
Breakthrough Innovators Are Strong Innovators First…
…But Stand Out from Strong Innovators in Three Ways
1 4
A DIGITAL DISCONNECT IN INNOVATION?
Consumers Embrace Digital Innovations Before Most
Industries Do
Strong Innovators “Get” Digital
1 8
A BREAKTHROUGH INNOVATION
CULTURE AND ORGANIZATION
Innovation as a Cultural Imperative
Organizational Priority
Centralization and Incubation
2 3
appendix
4
2
note to the reader
2 | The Most Innovative Companies 2014
Executive Summary
I
nnovating isn’t getting any easier. Nor any less important. Our
ninth innovation report since 2005 finds that although...