There are many companies that have made innovation one of the most powerful basics of effectively standing in the competitive market and consistently recorded success. Where innovation in the product or service achieves the highest position in long-term business success. In this article, mentioned are the top companies who took innovation as their main mantra and ranked the most innovative companies in the world according to the Boston Consulting Group.
Innovation basically refers to changing processes for more effectiveness, creating and implementing new dynamic products and creative ideas or improving existing services. Bringing innovation into business culture and environment can help innovative companies to save time and money, add value to their products or services, acquire the competitive advantage to grow and adapt business in the marketplace.
Strong innovative companies are extending their edge and shifting priorities toward digitally value propositions and properly executing digital changes in innovation processes like strategy, operations, and organization, which affect the entire enterprise for differentiation, speed, well managed, good R&D culture, and use of technical factors. They are far more likely to use big data, multiple sources of data, originating both internally and externally. and advanced analytics effectively throughout the innovation process for the growth of new projects or ideas.
1. Apple “Think Different”
Apple is widely regarded as the top innovative company in the world and one of The world’s largest revenue maker. its innovation strategy includes exciting new products and innovative business models. The company offers consumers a consistent set of great software and hardware devices. it is a multinational company Co-founded in 1976 by the revered tech entrepreneur and inventor Steve Jobs, engineer Steve Wozniak and Ronald Wayne based in America and is popularly involved in designing, developing and selling consumer electronics, software and other various electronic services. Based in Cupertino, California. The company’s products include the iPhone series of smartphones, iPad tablets, PCs, Mac computers, iPod Media Player, iCloud, iTunes software and Apple Watch.
Apple came up with the introduction of the original Mac in the mid-’80s, thus promoting the idea of using the mouse to interact with the computer. Other innovations such as multi-touch functionality, mobile and laptop trackpads, fingerprint sensors, Graphical user interface and 3D touch, CareKit which is an open-source platform that makes it easier for developers to aggregate and shares patients’ medical information with their caregivers—all with a consent.
2. Google “Do The Right Thing”
Another most popular and high striking innovative company is Google. An American multinational technology company was founded by Larry Page and Sergey Brin while they were students at Stanford University. The company was officially launched in September 1998 with a creative mission statement is to “organize the world’s information and make it universally accessible and useful.”.
Google is primarily known around the world as an internet search engine. Also, Google provides a huge suite of Internet-based products and services Google Documents, Google Maps, Google Earth, Google Videos, Google Images, Gmail, Google News, Google Phone, Google Calendar, Google Groups, Google Translate, and Google Books, Hangouts it ranks higher in the field of innovation and make Google the most popular global website. Google made a purchase and acquisition for the YouTube website and operated website Blogger. It achieves its maximum popularity and revenue from the Adwords, producing advertising results as well near to the search results. Google is based on research and development policy in all operations of the company.
3. Microsoft “Be What’s Next”
Microsoft’s mission is to “empower every person and every organization on the planet to achieve more”.
Microsoft Corporation, incorporated by the greatest Bill Gates and Paul Allen on September 22, 1993, it is an America based multinational technology company who develops, licenses, and supports a range of software products, services and devices.
The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems, cross-device productivity applications, server applications, business solution applications, desktop and server management tools, software development tools, video games, and training and certification of computer system integrators and developers.
Microsoft designs, manufactures and sells devices, including personal computers (PCs), tablets, gaming and entertainment consoles, phones, other intelligent devices, and related accessories, that integrate with its cloud-based offerings. It offers an array of services, including cloud-based solutions that provide customers with software, services, platforms, and content, and it provides solution support and consulting services. It also delivers online advertising to a global audience. Few of the most renowned innovations of the Microsoft are the Microsoft Windows series of Operating systems, Internet Explorer and Edge web browser.
4. Amazon “Work Hard. Have Fun. Make History.”
Amazon is a cloud computing giant and the largest American e-commerce company. it engages in the provision of online retail shopping services and operates through the global sales of computing, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.
Amazon is originally known for selling books through its website and later digital versions via its Kindle e-reader, then has become Earth’s biggest everything store. Its website still offers millions of books, as well as other media, clothes, lawn furniture, janitorial supplies, digital content like movies, music, apps and hundreds of other product categories. The company is also the dominant cloud services provider, an influential entertainment company through its video operations (it produced 2017 Oscar-nominated Manchester-by-the-Sea), a force to be reckoned with in grocery with its ownership of natural foods chain Whole Foods, and a leader in digital personal assistant devices with Alexa and its Echo product line.
5. Samsung Group “Inspire the World, Create the Future”
Samsung Electronics Co., Ltd. involves in the manufacturing and selling of electronics and computer peripherals. The company operates through Consumer Electronics, Information Technology and Mobile Communications and Device Solutions.
The Consumer Electronics business division provides cable television, monitor, printer, air-conditioners, refrigerators, washing machines and medical devices.
The Information Technology and Mobile Communications business division offers handheld products, communication systems, computers and digital cameras.
The Device Solutions business division comprises of semiconductors have become most fluent source of its revenue, memory, system large scale integrated circuit and light emitting diode. The company was founded on January 13, 1969, and is headquartered in Suwon, South Korea.
One very powerful area by Samsung is the Samsung Strategy & Innovation Centre which focuses basically on discovering & nurturing of new technology in new areas such as mobile health & wellness, cloud computing, data centre, human-computer interface technologies, security & privacy and many more.
6. Tesla “Power Everything”
Tesla’s mission is to accelerate the world’s transition to sustainable energy.
Tesla Motors is one of the world’s most innovative companies. It is an American automotive and energy recycling company that is design, manufacture and seller of electric cars, vehicles, power trained components and battery products. Tesla was founded in 2003 by a group of engineers Martin Eberhard, Marc Tarpenning, Elon Musk, JB Straubel, Ian Wright who wanted to prove that electric vehicles can be better, quicker and more fun to drive than gasoline cars.
Today, Tesla builds not only all-electric vehicles but also infinitely scalable clean energy generation, a unique set of energy solutions, Powerwall, Powerpack and Solar Roof, enabling homeowners, businesses, and utilities to manage renewable energy generation, storage, and consumption. Tesla believes the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better.
Launched in 2008, the Roadster unveiled Tesla’s cutting-edge battery technology and electric powertrain. Also, designed the world’s first ever premium all-electric sedan from the ground up – Model S – which has become the best car in its class in every category. Combining safety, performance, and efficiency, Model S has reset the world’s expectations for the car of the 21st century with the longest range of any electric vehicle.
In 2015, Tesla expanded its product line with Model X, the safest, quickest and most capable sports utility vehicle in history that holds 5-star safety ratings across every category from the National Highway Traffic Safety Administration.
In 2016, Tesla introduced Model 3, a low-priced, high-volume electric vehicle that began production in 2017. Soon after, Tesla unveiled the safest, most comfortable truck ever – Tesla Semi – which is designed to save owners at least $200,000 over a million miles based on fuel costs alone.
All Tesla vehicles are produced at its factory in Fremont, California, where the vast majority of the vehicle’s components are also made. Tesla is taking a proactive approach to safety, requiring production employees to participate in a multi-day training program and job training and track performance daily so that improvements can be made quickly. The result is that Tesla’s safety rate continues.