REVEALED: World's ten most innovative brands

  • Share via facebook
  • Tweet this
  • Bookmark and Share

US technology firm Apple has been named the world’s most innovative company in Booz & Company’s 2012 Global Innovation 1,000 Study.

The report, released this week, placed the maker of the iPhone and iPad in first place on the back of US$108.2bn in revenues during 2011 and US$2.4bn in research and development spending.

In second place was search engine firm Google, which last year recorded US$37.9bn in revenue and splashed out US$5.2bn on research and development funding.

Click here to see the world’s top ten most innovative companies

The Booz & Company study found that overall research and development spending in 2011 increased 9.6 percent to US$603bn.

The global management consultancy’s research took into account a business’s revenue, percentage of spend on research and development, as well as surveying 700 innovation leaders across the word to determine who they thought were the world’s most innovative company.

“Consistent with our study findings from previous years, there is no long-term correlation between the amount spent on innovation and an organization’s overall financial success,” said Barry Jaruzelski, senior partner at Booz & Company and global leader of the Engineered Products & Services practice.

He added that “what really matters is not the amount spent, but how those R&D funds are invested in talent, process, and tools”.

Click here to see the world’s top ten most innovative companies

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Most Discussed
  • 14
    Nakheel PR: The toughest job in Dubai?

    To be fair, anyone who still decides to invest their capital with Nakheel with all the data and track record available, deserves whatever comes their way... more

    Sunday, 29 March 2015 9:05 AM - Paul King
  • 8
    Drunk passenger who slapped air stewardess jailed in Dubai

    Really would help if some other commentators would understand the story and the airline.
    Flydubai doesnt give alcohol for free. They charge for it... more

    Sunday, 29 March 2015 9:07 AM - Ponder
  • 6
    Post traumatic stress?

    Yes good article.
    So much is wrong with the Central Post Office, but sadly nothing will ever change. more

    Wednesday, 25 March 2015 9:15 AM - whatnext
  • 14
    Nakheel PR: The toughest job in Dubai?

    To be fair, anyone who still decides to invest their capital with Nakheel with all the data and track record available, deserves whatever comes their way... more

    Sunday, 29 March 2015 9:05 AM - Paul King
  • 13
    Has Narendra Modi already lost the plot?

    Gaja, You said it in one sentence. Anil can't comment because Modi is an elected leader. He can't comment because India is the biggest democracy. While... more

    Saturday, 28 March 2015 10:24 AM - Rafi
  • 8
    Drunk passenger who slapped air stewardess jailed in Dubai

    Really would help if some other commentators would understand the story and the airline.
    Flydubai doesnt give alcohol for free. They charge for it... more

    Sunday, 29 March 2015 9:07 AM - Ponder