“In the 2010 Bloomberg BusinessWeek annual rankings of Most Innovative Companies, 15 of the Top 50 are Asian—up from just five in 2006. In fact, for the first time since the rankings began in 2005, the majority of corporations in the Top 25 are based outside the U.S. Asia’s newfound confidence is turning up everywhere you look, from wind turbines to high-speed bullet trains, just two of the technologies China is trying to export to the U.S.,” Michael Arndt and Bruce Einhorn report for BusinessWeek. “‘We are the most advanced in many fields,’ Zheng Jian, director of high-speed rail at China’s railway ministry, told The New York Times in April. ‘And we are willing to share with the U.S.'”
Arndt and Einhorn report, “The U.S., of course, still has its innovators. Apple remains No. 1, followed by perennial first runner-up Google. But just ahead of General Electric in seventh and eighth places are newcomers LG Electronics of South Korea and BYD, with Korea’s Hyundai Motor claiming a spot at 22.”
“The extended Top 50 list is dominated by companies from Europe, Asia, and, in another first, South America (Petrobrás (PBR) of Brazil at No. 41),” Arndt and Einhorn report. “China’s rise is biggest. A year ago its only representative was PC-maker Lenovo Group (LNVGY), at 46. This year Greater China is tied with Asia’s postwar powerhouse, Japan, thanks to showings by BYD, Haier Electronics (27), Lenovo (29), China Mobile (CHL) (44), and Taiwan-based HTC (47). The age of Asian innovation has begun.”
Arndt and Einhorn report, “To make room for these newcomers to the Top 25, which also include Intel and Ford Motor from the U.S. and Virgin Group from Britain, past winners Honda Motor, Reliance Industries, McDonald’s, Walt Disney, and Vodafone all got pushed to lower slots on the Top 50, while AT&T dropped off entirely. ‘We’re starting to see the beginning of a new world order,'” says James P. Andrew, a senior partner at Boston Consulting Group and head of its global innovation practice.”
Full article here.
The Top 10 from BusinessWeek’s 50 Most Innovative Companies 2010 list:
5. Toyota Motor
7. LG Electronics
9. General Electric
See the full list here.
MacDailyNews Take: What’s amazing is that Apple is such a strong innovator that Google and Microsoft can nab the #2 and #3 spots simply by following Apple at a distance.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]