The Most Innovative Companies 2013

The Most Innovative Companies 2013

          
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The Most Innovative Companies 2013

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    Institutionalizing Innovation

    Businesses are usually born of an idea. The rapid growth of the companies on our 2013 up-and-comers list demonstrates the speed with which a single insight or innovation today can spark an explosion of value. Corporate history is also cluttered with companies that were once renowned for their inventiveness but could not maintain their ability to innovate: the storied names of Studebaker, Atari, Wang Laboratories, and Kodak are but a few.

    Companies that continually create value over the long term—meaning decades or more—learn how to ingrain the ability into their corporate makeup; it becomes part of their culture and DNA. They refuse to rest on their successes. They celebrate their past accomplishments but only as they use those achievements as springboards into the future. 

    More than half of the most innovative companies on the 2013 list are more than 50 years old. A dozen can trace their roots to the nineteenth century. They owe their longevity to a variety of factors—sound strategies, foresighted management, and strong execution key among them. But perhaps more than anything else, they have continued to create value, jobs, and growth because of their ability to institutionalize innovation. It’s a lesson all companies would do well to emulate.