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|
|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|
|8||Reliance Industries||8||Tata Group||8||Research In Motion|
|10||Sony||10||Procter & Gamble||10||IBM|
|11||Samsung Electronics||11||BMW||11||General Motors|
|14||Procter & Gamble||14||Audi||14||Honda Motor|
|16||Goldman Sachs Group||16||Boeing||16||Target|
|17||Honda Motor||17||Goldman Sachs Group||17||Hewlett-Packard|
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.