BCG says that leading innovators need a “well-tuned Global Innovation Leaders system” that can spot new product, service, and business model opportunities. This system needs to be able to be developed quickly and scaled up successfully over and over again.
BCG says that repeat innovators who are successful do three things right:
They want to make innovation a top priority and are decisive about investments and goals. They understand how important size is. They create a system for Global Innovation Leaders that will lead to a cycle of success.
Here are the 10 Global Innovation Leaders in Manufacturing;
1. Siemens
Siemens has been making new things for more than 170 years, and many of its inventions have changed how the world works today. Some examples are the Pointer telegraph, which changed the way people communicated, the Dynamo, which paved the way for modern electricity, and SIMATIC, which has been changing the way automation works for decades.
“Siemens makes its mark with innovations that matter—Global Innovation Leaders that aren’t just new, but also change market standards as new products, solutions, or services,” says Siemens.
2. Volkswagen
Its goal is to “shape mobility for future generations” by “becoming a sustainable mobility provider that serves as a role model in the areas of environment, safety, and integrity.”
Volkswagen Group Innovation has been the base for a global ecosystem for innovation since 2019. The group uses a wide range of skills and an international network to come up with new ideas for decarbonization, security, saving resources, and future mobility.
- Global Innovation Leaders in Manufacturing
- Sustainable Mobility
- Intel’s Innovations
3. Intel
Intel’s mission is to “create world-changing technology that improves the lives of everyone on earth.” This is what keeps the company going, even though it has big goals. Global Innovation Leaders is at the heart of this mission, and Intel works to make the world safer, build healthy and thriving communities, and make people more productive.
Gordon Moore, one of Intel’s co-founders, predicted in 1965 that the number of transistors on a microchip would double every two years. This prediction led to many of Intel’s innovations in the industry. “This idea, which became known as Moore’s Law, became the golden rule in the electronics industry and sparked new ideas.”
4. Adidas
The founder of Adidas, Adi Dassler, had a simple goal: to improve athletes. Global Innovation Leaders are at the heart of the business because of this and the desire to make products that work well and can be made in a sustainable way.
“The choice of materials and how they are made are the two main ways our innovation teams can affect the environmental footprint of our products,” says Adidas, which is taking steps to deal with plastic waste, recycle materials, and use less virgin plastic.
5. Nike
The Nike brand can be described in many ways, but its goal is always the same: to “inspire and innovate for every athlete in the world.”
Nike has a well-thought-out strategy that covers a wide range of sports, lifestyles, and price points. This gives the company more chances to be innovative and grow in the long run.
“Global Innovation Leaders is the one thing that drives Nike’s business in every way. It’s in our nature to try new things. Nike says, “It’s the fuel that keeps us going.” “Because we’re connected to athletes and customers, we can make technologies and products that change the game.
6. Tesla
Tesla was started in 2003, and its goal is still the same as it was then: “to speed up the arrival of sustainable transportation by bringing compelling electric cars to the mass market as soon as possible.”
This commitment to green transportation is what keeps Tesla coming up with new ideas and working with other companies to grow the market for electric vehicles (EVs). Tesla has been called a pioneer in the EV battery industry because it knows how important it is to keep improving battery technology.
7. Sony
Sony has been making new things for more than 70 years. It made Japan’s first magnetic tape recorder in 1950, the first commercially successful transistor radio in 1995, the first commercial battery-powered portable TV in 1959, the first video cassette recorder (VCR) in 1971, and the first commercial consumer-grade camcorder in 1983.
Akio Morita, the co-founder of Sony, has three pieces of advice when it comes to Global Innovation Leaders: “Try innovation by elimination,” “Ignore the doubters, believe in yourself,” and “Ignore focus groups and instead try to predict what customers will want.”
8. Huawei
Over the past 30 years, Huawei has spent more than $100 billion on research and development. David Harmon, Director of EU Public Affairs at Huawei, says thatGlobal Innovation Leaders are a part of the company’s DNA.
Huawei’s plans for moving from Innovation 1.0 to Innovation 2.0 were laid out in 2019. “In Innovation 1.0, we focused on how to meet customer needs through technological and engineering Global Innovation Leaders. William Xu, Director of the Board and President of the Institute of Strategic Research at Huawei, said, “In Innovation 2.0, we will focus on theoretical breakthroughs and inventions that are driven by our shared vision for the future.”
9. Samsung
Samsung has high standards for its people and technologies because it is committed to “creating superior products and services that make the world a better place.” The electronics company puts a lot of money into its employees. It has a culture of innovation based on training, methods that can be used again and again, and an elite creative formation.
Samsung’s commitment to Global Innovation Leaders can be seen in its “Samsung Strategy and Innovation Center” (SSIC). There, the company works with visionary entrepreneurs and innovators to find and develop new technologies that will help people all over the world live happier, healthier, and wealthier lives.
The SSIC says, “The Samsung Strategy and Innovation Center is taking the world in creative new directions through innovative, reliable products and services, talented people, a responsible approach to business and global citizenship, and collaboration with our partners and customers.”
10. Apple
With strong Q1 results for 2021 totaling US$111.4bn in revenue, Apple is definitely the world’s “most valuable company.” However, Apple’s CEO Tim Cook says that “this quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide.”
Apple has made many important changes to how technology is made over the years. For example, the iPhone, which came out in 2007, was the first device to offer a full version of the internet that wasn’t shrunk down.
Today, Apple is still trying to improve its Global Innovation Leaders by making its own computer chips, the M1 processor. What used to take multiple chips to do is now done on a single chip, called a “system on a chip” (SoC). “Every Mac that has M1 turns into a totally different kind of product. This is not better. Apple says, “It’s a big step forward.”
