Posted by: Bruce Nussbaum on April 19, 2010
When I began the Most Innovative Companies annual survey with BCG’s James Andrew, nearly all the top 50 companies were American. This year, more than half of the most innovative companies in the world came from Asia and Europe. Despite all hoopla and blah-blah about innovation among CEOs in the US, the actual building of the rituals and processes that produce innovation is increasingly taking place outside America. With the S&P 500 stuck at 1999 levels, the profit proof is in the pudding. There has been an innovation mirage in the US over the past decade, perhaps two.
The new story lies in the BRICs—China, India and Brazil. Last year Greater China (including Taiwan) was 46 out of 50 in the survey. This year it is tied with Japan. Lenovo, BYD, Haier, China Mobile and HTC are on the list.
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