Innovation & Institutions, Will it Blend?
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Innovation & Institutions, Will it Blend?
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Twelve (12) Rising Innovation Trends From the 50 Most Innovative Companies of 2014 - Fast Co.

Twelve (12) Rising Innovation Trends From the 50 Most Innovative Companies of 2014 - Fast Co. | Innovation & Institutions, Will it Blend? | Scoop.it

The culture of innovation across the globe is more robust than ever. Here are 5 innovation trends excerpted from the full list of 12 from Fast Company's World's 50 Most Innovative Companies of 2014:

   

1)  EXCEPTIONAL IS EXPECTED   Google, the No. 1 company, did not land there for the range of its activities--despite the 29 achievements we list. ...today's smartest businesses tend to laser-focus on just a few goals; broad ambition can distract from the nitty-gritty required to turn goals into reality. Yet from Google Fiber to Google Glass to investing in new health technologies, Google executes at a high level repeatedly. That's why it tops the list.

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How do you make meaningful change in the face of calcified institutions? Sometimes you just have to go around them.

    

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2.   INNOVATION IS EPISODIC   ....From breakthrough change at Philips (No. 50), development of LED lighting has been under way there for 50 years--and a specific 11-month deadline provided the essential innovative exclamation point.
     

3.  MAKING MONEY MATTERS
….great businesses are self-sustaining. Dropbox (No. 4) and Airbnb (No. 6) are darlings of the venture set, but they also charge real customers real money for a product with real value. Unlike …pre-2008 whose business models rely on advertising for revenue (Facebook, Twitter, et al.), these enterprises are transaction based--and are reaping the rewards.

     


5.  SUSTAINABILITY HAS FOUND A NEW GEAR
…Today, energy efficiency, alternative fuels, and recycling are core advantages for successful enterprises. Brazil's Braskem (No. 41), a $19 billion petrochemical giant, uses sugarcane rather than oil to create in-demand plastics. Levi Strauss (No. 30) produces more than 10% of its clothing with recycled materials, on its way to 100%. ....You don't have to own a Tesla (No. 20) to see the impact.


7. CONFLICT ISN'T REQUIRED
How do you make meaningful change in the face of calcified institutions? Sometimes you just have to go around them. …DonorsChoose.org (No. 9) …avoidied unions and politicos by crowdsourcing direct assistance to teachers. Bloomberg Philanthropies (No. 2) uses data to answer questions other foundations aren't asking and SHoP Architects (No. 33) manages to both create cutting-edge designs à la indie firms and get them built at the appropriately industrial scale.


See the full list of 12 here.

 

Related tools & [posts by Deb:

     

        



Deb Nystrom, REVELN's insight:

These qualities are a good list to compare to other global company innovation lists, such as from Forbes.  Money is high on the list of 12, yet other qualities bear a look, compared to Forbes rankings based on the difference between their market capitalization and a net present value of cash flows from existing businesses.  ~  Deb

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Deb Nystrom, REVELN's curator insight, February 26, 2014 3:18 PM

This is a good list to compare to other global company innovation lists, such as from Forbes.  Money is high on the list of 12, yet other qualities bear a look, compared to Forbes rankings based on the difference between their market capitalization and a net present value of cash flows from existing businesses.  ~  D

Richard Platt's curator insight, February 26, 2014 11:43 PM

Pretty sure that I don't agree with some of what's on this list, but hey have a look, everybody's entitled to an opinion

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The World’s 50 Most Innovative Companies 2012 | Fast Company

The World’s 50 Most Innovative Companies 2012 | Fast Company | Innovation & Institutions, Will it Blend? | Scoop.it

Fast Company's annual guide to the businesses that matter most, the ones whose innovations are having an impact across their industries and our culture.


This interactive list also includes the top 10 by industry.  How does your organization stack up?



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The World's Top 50 Most Innovative Companies 2014

The World's Top 50 Most Innovative Companies 2014 | Innovation & Institutions, Will it Blend? | Scoop.it

There's another kind of faith in business: the belief that a product or service can radically remake an industry, change consumer habits, challenge economic assumptions. Proof for such innovative leaps is thin....Yet breakthrough progress often requires wide-eyed hope.

From the list of 50:

1) GOOGLE
FOR BECOMING A $350 BILLION GIANT THAT LETS LOOSE ALMOST TOO MANY INNOVATIONS AND MILESTONES TO COUNT.


2) BLOOMBERG PHILANTHROPIES
For doing good, methodically, using data to answer questions other foundations aren't asking


3) XIAOMI
FOR REINVENTING THE SMARTPHONE BUSINESS MODEL IN THE WORLD'S LARGEST MOBILE MARKET.


7) NIKE
For setting a sustainable example.


9) DONORSCHOOSE.ORG
FOR SETTING ITS SIGHTS ON EDUCATION REFORM,…avoiding unions and politicos by crowdsourcing direct assistance to teachers. 


11) DODGE
For being a part of the conversation, no matter what.


15) MICHAEL KORS
FOR WINNING TWO FASHION RACES AT ONCE


See the 50 companies, the full list here.


Related tools & posts by Deb:


     

      

 

Photo via Fast Company- featuring DonorsChoose.org
Deb Nystrom, REVELN's insight:

Fast company has a mix of what defines innovative companies that mixes old and new, connected to adaptability and flexibility.  

See the companion article on the 12 rising innovation qualities spotted in this 2014 list of companies as well as a comment comparing innovative company ranking methods to Forbes.
 ~  Deb

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Deb Nystrom, REVELN's curator insight, February 11, 2014 9:19 AM

The top innovative companies have leaders who know how to sense and respond, as well as adapt.  ~  D