Innovation is an imperative for every company doing business in the global marketplace. How well are U.S. companies doing at innovation? The results of the third annual Leading Innovations Competition, conducted by strategy+business Booz Allen Hamilton (Tysons Corner, VA) suggest that U.S. companies are doing quite well.
After a decade or more of obsessive attention to costs, most companies are now looking to innovation for a competitive edge. According to a recent survey, also by Booz Allen, 90 percent of executives consider innovation crucial to growth, and say they plan to improve innovation performance by 30 percent. So it's no surprise that two of the winning ideas focus on getting the most out of investments in innovation.