Most Innovative Companies

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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

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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

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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

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EXECUTIVE SUMMARY

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INNOVATION IN 2014

Despite Sectoral Shifts, Innovation Remains a Priority

The 50 Most Innovative Companies: Automakers Downshift

RDEs Raise Their Game

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0

Setting A FOUNDATION FOR

BREAKTHROUGH INNOVATION

Breakthrough Innovators Are Strong Innovators First…

…But Stand Out from Strong Innovators in Three Ways

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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...