The Economist’s fourth annual Ideas Economy: Innovation Forum 2013 explored the fundamental technological shifts redefining business in the twenty-first century. As the digitisation of manufacturing is launching the world into a “third industrial revolution”, 24/7 connectivity and social networking is facilitating a global innovation revolution arguably more profound than any in the last two centuries. The spread of frugal innovation practices offers new opportunities for the rich world to learn from the developing world.
The media is always ranking “the most innovative companies”-Forbes does it. Fast Company does it. The Economist Intelligence Unit even does it. But what do innovation rankings really measure and do they help business leaders understand the new rules of innovation? Robert B. Tucker presents his findings.
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