Innovative companies 2010

"majority based outside the US: new global leaders coming out of Asia"

The survey suggests the crucial factor is a mindset: a belief that innovation matters

• In China, 95% of executives said innovation was the key to economic growth

• 90% and 89% of respondents in South America and India

• In the U.S., only 72% said innovation was important

21-question polls to senior executives around the globe

• 1,590 anonymous respondents asked to name the most innovative companies from outside their own industry in 2009

• BCG factored in the financial performance of the top vote-getters

• The final list weights the survey results 80%, stock returns 10%, and three-year revenue and margin growth 5% each

http://www.htc.com

"HTC is typical of Asia's ascendancy"• Founded as a contract manufacturer

(1997)• Has long been the world's top maker of

mobile handsets using Windows Mobile • Produced unbranded devices that bear

the logos of wireless giants: Verizon, T-Mobile, Sprint Nextel, and Japan's NTT DoCoMo

• HTC is making and selling its own line of smartphones around the world

http://www.byd.com

Sept 2010: Warren Buffett and Bill Gates doing sales pitch for BYD

BYD: Li-ion batteries since 1997 for Motorola and Nokia. Acquires in 2002 the TsinchuanAutomobile Company

• Maker of green cars and solar panels

• 2009: profits tripled to $555.5 million

• BYD makes $8,800 gas-powered cars

• Sells a $24,900 hybrid car in China

• Teamed up with Germany's Daimler

• BYD will sell electric cars in the U.S. 2010; both hybrids and electrics in Europe by 2011

BYD S6 and Lexus RX 350 http://chinaautoweb.com/

http://images.businessweek.com/ss/10/04/0415_most_innovative_companies/index.htm

"We believe in making a difference. Virgin stands for value for money, quality, innovation, fun and a sense of competitive challenge. We deliver a quality service by

empowering our employees and we facilitate and monitor customer feedback to continually improve the

customer's experience through innovation.

When we start a new venture, we base it on hard research and analysis. Typically, we review the industry and put ourselves in the customer's shoes to

see what could make it better. We ask fundamental questions: is this an opportunity for restructuring a market and creating competitive advantage?

What are the competitors doing? Is the customer confused or badly served? Is this an opportunity for building the Virgin brand? Can we add value? Will it

interact with our other businesses? Is there an appropriate trade-off between risk and reward?"

http://www.virgin.com/about-us/


http://www.nokia.com/about-nokia/company/vision-and-strategy


"At Nintendo we are proud to be working for the leading company in our industry. We are strongly committed to producing and marketing the best

products and support services available. We believe it is essential not only to provide products of the highest quality, but to treat every customer with

attention, consideration and respect. By listening closely to our customers, we constantly improve our products and services.

We feel an equal commitment toward our employees. We want to maintain an atmosphere in which talented individuals can work together as a team. Commitment and enthusiasm are crucial to the high quality of our

products and support services. We believe in treating our employees with the same consideration and respect that

we, as a company, show our customers."

http://www.nintendo.com/corp/mission.jsp


"With the three brands, BMW, MINI and Rolls-Royce Motor Cars, the BMW Group has its sights set firmly on the premium sector of the international

automobile market. To achieve its aims, the company knows how to deploy its strengths with an efficiency that is unmatched in the automotive industry. From research and development to sales and marketing, BMW Group is committed to

the very highest in quality for all its products and services. The company's success to date is proof of this strategy's correctness.

The Megacity Vehicle, which will come onto the market under a BMW sub-brand in 2013, will be a revolutionary vehicle. Not only will it be fully electric and the world’s

first volume-produced vehicle with a passenger cell made of carbon – it will also be built using a completely different architecture to any vehicle seen before."

http://www.bmwgroup.com/


"In the last few years Tata has extended its global footprint, just as it has enhanced its performance and competitiveness. One of the key drivers of this

critical transition has been innovation

Tata looks at innovation as a strategic approach to global growth and has adopted a three-pronged strategy to

encourage it. The three key drivers are better communication and recognition of innovative ideas and efforts; facilities for learning from other companies; and support for collaborative research and partnerships with

academic institutions."

http://www.tata.com/innovation/


Tata Group Innovation Forum (TGIF): This initiative brings together a community of ‘innovation enthusiasts’ from across Tata companies. The role of TGIF members is to assist their companies in experimenting with ideas, propagate the relevant ones and spread them through the enterprise.

Innovation workshops: Tata Quality Management Services invites experts to talk about various aspects of innovation and share best practices with Tata managers. Clayton Christensen, Langdon Morris and David Wittenberg are among those who have held such workshops in the recent past.

Tata Innovation Day: Instituted to encourage creative thinking, this annual event and contest recognises and awards innovation among Group companies.

Tata Innovation Mission: Under this programme, senior Tata executives visit global companies to study how they foster innovation. These missions have visited companies such as Microsoft, Intel, HP and 3M in the US, and Nissan, Fuji, Ito En, Olympus, Toshiba and Hitachi in Japan.

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Innovative companies 2010