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The World's Most Innovative Companies by Region

This year's list of the world's most innovative companies was decided by a respondent pool that was more global than ever. So which companies do survey participants from different regions think are the most innovative? Check out our top regional winners.

Asia Votes Europe Votes North America Votes
1 Apple 1 Apple 1 Apple
2 Google 2 Google 2 Google
3 Toyota Motor 3 Toyota Motor 3 Toyota Motor
4 Tata Group 4 Microsoft 4 General Electric
5 Nintendo 5 Nintendo 5 Procter & Gamble
6 Nokia 6 General Electric 6 Microsoft Corp
7 General Electric 7 Amazon.com 7 Nintendo
8 Reliance Industries 8 Tata Group 8 Research In Motion
9 Microsoft 9 Nokia 9 Disney
10 Sony 10 Procter & Gamble 10 IBM
11 Samsung Electronics 11 BMW 11 General Motors
12 IBM 12 Sony 12 Amazon.com
13 Hewlett-Packard 13 IBM 13 Tata Group
14 Procter & Gamble 14 Audi 14 Honda Motor
15 3M 15 Hewlett-Packard 15 Sony
16 Goldman Sachs Group 16 Boeing 16 Target
17 Honda Motor 17 Goldman Sachs Group 17 Hewlett-Packard
18 McDonald's 18 Fiat 18 Boeing
19 BMW 19 Facebook 19 BMW
20 Facebook 20 3M 20 Wal-Mart Stores

DATA: The regional lists are determined by votes from more than 2,950 senior executives in the 2008 BusinessWeek-Boston Consulting Group survey, along with financial measures provided by Reuters, Compustat and Bloomberg. To determine our ranking, votes cast in our survey were weighted 80%, three-year margin growth and revenue growth were each weighted 5%, and three-year stock returns were weighted 10%.

Revenue and operating margin growth is annualized based on 2004-2007 fiscal year earnings before interest and taxes, as a percent of revenues as they were originally stated. Where possible, quarterly and semiannual data were used to bring performance for pre-June yearends closer to December, 2007. Financial figures were calculated in local currency.

Stock returns were annualized, 12/31/04 to 12/31/07, and account for price appreciation and dividends.