Summary of The Most Innovative Companies 2016

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Rating

8 Overall

8 Applicability

8 Innovation

8 Style


Recommendation

To stay ahead of the competition, top companies must hunt for innovative ways to create value. But what is the best way to do that? In the Boston Consulting Group’s report on “The Most Innovative Companies 2016,” Michael Ringel, Andrew Taylor and Hadi Zablit explain how the most innovative companies are embracing external technology advancements. While it’s not always easy to change a business culture that shuns “not invented here” technologies, the trio provide three steps for overcoming this taboo. getAbstract recommends this analysis to all managers.

In this summary, you will learn

  • How digital innovation is helping conventional manufacturing organizations,
  • Why companies should seek out external technologies and
  • What three steps business leaders can take to push past the “not invented here” taboo. 
 

About the Authors

At the Boston Consulting Group’s Boston office, Michael Ringel is a senior partner and managing director. Andrew Taylor is a senior partner and managing director in Chicago. Hadi Zablit is a senior partner and managing director in Paris.

 

Summary

The digital revolution is having a clear impact on the top 50 most innovative companies identified by the Boston Consulting Group. While established tech companies like Apple and Google are still on top and “new digital disruptors” like Airbnb are also ranking, conventional manufacturing organizations like General Electric are succeeding because they embrace digital innovation. In today’s marketplace, tech and nontech companies alike must seek out external technologies or develop internal ones to bolster operations. 


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