While innovation prioritization has never been higher, our latest innovation research found that just 3% of companies today are innovation-ready. BCG's 2024 Most Innovative Companies report dives into the results from our global survey of innovation executives, discusses the importance of aligning innovation with strategy, and outlines how to accelerate innovation with GenAI. Read the full report here: https://lnkd.in/ev_3iDbS #BCGMostInnovative
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While innovation prioritization has never been higher, our latest innovation research found that just 3% of companies today are innovation-ready. BCG's 2024 Most Innovative Companies report dives into the results from our global survey of innovation executives, discusses the importance of aligning innovation with strategy, and outlines how to accelerate innovation with GenAI. Read the full report here: https://lnkd.in/efp2FWNH #BCGMostInnovative
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Very excited to be one of the authors of BCG's 2024 Most Innovative Companies Report One interesting finding: Companies have never placed a higher priority on innovation – and yet, 97% of innovation systems need a tune-up. Our analysis is that top innovators are pulling ahead. Find out more about how they are doing this here: https://lnkd.in/gjPwnS6D #BCGMostInnovative
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"Here’s a paradox. Companies have never placed a higher priority on innovation —yet they have never been as unready to deliver on their innovation aspirations". There is a gap for organizations between the priority of innovation and the readiness to deliver on their innovation goals. Strategic misalignment is the root cause of this disconnect, as our experts have determined through the findings in this report. BCG’s 2024 Most Innovative Companies report examines the readiness gap and offers perspectives on how companies can get back on track. https://lnkd.in/eh3RwR3Y
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"83% of companies rank innovation as a top-three priority, yet just 3% are ready to deliver on those innovation goals" - are you ready? > “Innovation Readiness” Across companies has declined 17 percentage points since 2022 > More than half of executives cite an unclear strategy as a top-three challenge for their organization > Although 86% of organizations are experimenting with GenAI for innovation, only 8% are applying GenAI at scale Sound familiar? Interesting report from Boston Consulting Group (BCG)
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Companies have never placed a higher priority on innovation … but how many are actually ready to deliver on their ambitions? Read in our latest report, why our BCG global innovation readiness as measured by BCG’s proprietary innovation maturity score is down. Just 3% score in the “ready zone”!
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Innovation prioritization is up, but innovation readiness is down. Today, only 3% of companies are in the ready zone, a sharp plummet from 20% as recently as 2022, according to BCG’s latest innovation research. Learn more from the 2024 Most Innovative Companies Report: mic.bcg.com
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Companies have never placed a higher priority on innovation – and yet, 97% of innovation systems need a tune-up. The results from our latest global innovation survey are here, and the 2024 Most Innovative Companies report delivers valuable insights on how top innovators are pulling ahead, and what your organization needs to do now to keep up. Read the full report here: https://lnkd.in/dBYACqjK #BCGMostInnovative
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I'm excited to share that BCG's latest Most Innovative Companies Report is now available! This year’s findings offer practical insights for organizations hoping to realign their strategies to bolster innovation capabilities. ? For the first time, our team pivoted from our traditional ranking of companies. Why is that, exactly? Only 3% of companies scored within the “ready zone” for successful innovation – suggesting that most innovation systems require improvement. ? And as the report shows, strategic misalignment appears to be the culprit for this. The disconnect between prioritization of innovation and organizational readiness to successfully execute innovation objectives needs to be addressed swiftly. ? Read the full report here, to find out how: https://lnkd.in/gEaGAknw
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?? In the Boston Consulting Group (BCG) Innovation report published in 2021, 20% of companies were scored as ready to innovate - despite 75% ranking innovation as a top-three priority. Today, the 2024 research finds that 83% of companies see #innovation as a top-three priority, but only 3% are ready to translate their priorities into results. It’s a call for urgent action. Without a sharp innovation #strategy aligned with a clear #business strategy, even the most efficient and flexible innovation system will fail to create value, particularly in disruptive times. How to get back on track? Read the last report for more insights ?
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I'm excited to share that BCG's latest Most Innovative Companies Report is now available! This year’s findings offer practical insights for organizations hoping to realign their strategies to bolster innovation capabilities. For the first time, our team pivoted from our traditional ranking of companies. Why is that, exactly? Only 3% of companies scored within the “ready zone” for successful innovation – suggesting that most innovation systems require improvement. ? And as the report shows, strategic misalignment appears to be the culprit for this. The disconnect between prioritization of innovation and organizational readiness to successfully execute innovation objectives needs to be addressed swiftly.
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Founder at Nexsales, RightLeads, VoiceReach
9 个月Great post, Vikash! Now that’s an insight into the knowing-doing gap in the industry! 83% know what they need to do, 3% worked to get there - and the silent 80% majority needs help to get there!