"Forbes" ranks Israel Chemicals Ltd. (TASE: ICL) in 60th place in its second World's Most Innovative Companies list. It is the only Israeli company to make the list.
The list includes public companies with market caps exceeding $10 billion, which invest at least 2.5% of revenue in R&D, and have published financial reports for at least seven years. Six of the top ten most innovative companies are in the US, and one each is from China, India, Japan, and the UK.
Salesforce.com Inc. (NYSE: CRM) tops the list, followed by Alexion Pharmaceuticals Inc. (Nasdaq: ALXN), Amazon.com Inc. (Nasdaq: AMZN), Red Hat Inc. (NYSE: RHT), China's Baidu Ltd. (Nasdaq: BIDU), Intuitive Surgical Inc. (Nasdaq: ISRG), Japan's Rakuten Ltd. (TSE: 4755), Edwards Lifesciences Inc. (NYSE: EW), India's Larsen & Toubro Ltd. (BSE: 500510), and Britain's ARM Holdings plc (LSE: ARM; Nasdaq: ARMH). Apple Inc. (Nasdaq: AAPL) is ranked 24th and Google Inc. (Nasdaq: GOOG) is 24th.
"Forbes" says, "Our initial results show at least three key things that the innovative companies do to create and sustain an innovation premium. How well companies leverage people, process, and philosophies (what we call the 3Ps) differentiates the best in class from the next in class when it comes to keeping innovation alive and delivering an innovation premium year after year."
"Forbes" says, "On the people front, the behavior of leaders matters - big time." It adds, "Innovators ask provocative questions that challenge the status quo. They observe the world like anthropologists to detect new ways of doing things. They network with people who don’t look or think like them to gain radically different perspectives. They experiment relentlessly to test new ideas and try out new experiences. Finally, these behaviors trigger new associations which let them to connect the unconnected, thereby producing disruptive ideas."
Published by Globes [online], Israel business news - www.globes-online.com - on September 9, 2012
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