Automakers rank high on list of most innovative companies
A different group of 14 automakers were on the 2013 list of 50 most innovative companies, compiled by Boston Consulting Group (BCG). The list is based on rankings by more than 1,500 international executives.
Why did automakers do so well this year, reaching three of the top ten spots? BCG attributes their improvement to the push for advanced electronics, high-tech safety features, better fuel economy and lower emissions.
In keeping with those goals, Tesla came onto the list for the first time, at #41. In the top 10 were Toyota (#5), Ford (#8) and BMW (#9). Other automakers in the top 20 were General Motors (13th), Volkswagen (14th), Hyundai (17th), Honda (18th), Audi (19th) and Daimler (20th). Rounding out the pack: Kia (36th), Nissan (38th), Fiat (43rd) and Renault (48th). Not surprisingly, there is a good deal of overlap with the list of most valuable companies.
Among the factors that BCG says leads to innovation are commitment by senior management and a strong customer focus.Download Bulletin PDF