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Booz & Company’s Global Innovation 1000

Booz & Company’s Global Innovation 1000

| On 22, Oct 2008

Katie Barry

Booz & Company announced its new Global Innovation 1000 report today –”Beyond Borders.” The report focuses on R&D expenses across the globe as a key innovation indicator. Their top 10 companies include: Toyota, General Motors, Pfizer, Nokia, Johnson & Johnson, Ford, Microsoft, Roche Holding, Samsung and GlaxoSmithKline. A few interesting findings:

  • “Fully 91 percent of the world’s 1,000 largest R&D spenders conduct innovation activities outside the countries in which they are headquartered.”
  • “Even as the companies based in the U.S. performed $80.1 billion worth of R&D in other countries, companies headquartered elsewhere poured $42.6 billion into R&D conducted in the U.S.”
  • Three industries make up 70 percent of the R&D – automotive, computing and electronics, and healthcare.

The report can be downloaded as a PDF here:

What do you think? Do the results surprise you? Are those the companies that come to mind when thinking of innovation? Does R&D have a direct correlation to how innovative a company is? Is there too much outsourcing in innovation?