123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> General >> View Article

83% Rank Innovation High, Only 3% Ready

Profile Picture
By Author: Ben Gross
Total Articles: 433
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Companies are placing a higher emphasis on innovation than ever before, but they are not adequately prepared to meet those goals. A recent report from Boston Consulting Group (BCG) revealed that while 83% of senior executives consider innovation a top priority, only 3% of companies are considered "innovation ready" in 2024, a significant decrease from 20% in 2022.

BCG's 18th annual innovation study, titled Innovation Systems Need a Reboot, evaluated companies' innovation maturity and surveyed over 1,000 senior innovation executives globally.

Despite the high priority given to innovation, less than half (48%) of the executives surveyed believed that their organization was effectively linking business and innovation strategies, with only 12% reporting strong connections that led to tangible results. However, the level of innovation activity has remained consistent.

Justin Manly, a BCG managing director and partner, expressed concern over organizations merely going through the motions of innovation without a clear strategy. He emphasized the importance of strengthening the connection between innovation and business strategies to regain focus and drive progress.

More Information : https://www.techdogs.com/tech-news/pr-newswire/83-of-companies-rank-innovation-as-a-top-three-priority-yet-just-3-are-ready-to-deliver-on-those-innovation-goals

Total Views: 113Word Count: 169See All articles From Author

Add Comment

General Articles

1. Magento Developers Melbourne: Your Trusted Partner For Magento Web Development
Author: themerchantbuddy

2. How Can E-commerce App Development Help Your Business?
Author: Comfygen

3. The Best Baby Cot Mattress For Summer In Australia: Keep Your Baby Cool And Comfortable !
Author: Milari Organics

4. How Might An Amazon Fba Prep Service Center Help You Streamline Your Business?
Author: 3pshipping6

5. Reviving Artisanal Craftsmanship – Why Handmade Products Matter More Than Ever
Author: Chaitanya Kumari

6. What To Look For In A New York Labor And Employment Law Firm
Author: jewellansing792

7. 50 Years Of Long-lasting Performance
Author: Busch Vacuum Solutions

8. Optimize Healthcare Revenue Cycle: Strategies For Financial Success
Author: Albert brown

9. Offres Exclusives Pour Vos Voyages En Inde Du Nord — Économisez Jusqu’à 30% — Réservez Dès Maintenant!
Author: yatika

10. 200-hour Weekend Yoga Teacher Training Course (yttc) In Bengaluru: A Pathway To Mastery In Yoga
Author: Yogakulam Academy

11. Understanding Patient Behavior: The Importance Of Market Research In Healthcare Marketing
Author: Adomantra

12. Ensuring Safety And Privacy: The Advantages Of Close Protection Services In Dubai
Author: Shancy

13. Thermodynamic Steam Traps: A Compact Solution For Maximum Performance
Author: David John

14. Best Accounting Service In California – Mj Financials
Author: maria jeffery

15. Best Astrologer In Hosahalli
Author: Pandith Keshav Das

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: