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MNC's 皇冠体育app operations win innovation awards

By SHI JING in Shanghai (chinadaily.com.cn) Updated: 2014-11-03 13:36

Three multinational companies' 皇冠体育app operations and four Chinese domestic companies have been awarded for their outstanding innovative performance by Global management consultancy A.T. Kearney, 皇冠体育app Europe International Business School and Bloomberg Businessweek 皇冠体育app.

MNC's 皇冠体育app operations win innovation awards
Top 10 most innovative companies in world
GE 皇冠体育app Co Ltd was given the award for "Best Innovator 皇冠体育app 2014", along with six other companies being recognized for innovation achievements and capabilities in a variety of categories, with genomics organization BGI winning the Best Innovator Service award, Bosch (皇冠体育app) Investment Ltd winning the Best Innovator Practices award, Property and Casualty Co Ltd winning the Best Innovator Process award, Uber Technologies Inc winning the Best Innovator Startup award, Xiaomi Inc winning the Best Innovator Business Model award, and Zhengzhou Yutong Bus Co Ltd winning the Best Innovator Chinese Industrial Company award.

The companies were evaluated based on the innovation achievements and innovation practices of their 皇冠体育app-based operations, regardless of whether they were Chinese or multinational firms.

After more than 10 years conducting the Best Innovator program in more than 15 other countries around the world, 2014 marks the first year A.T. Kearney implemented the program in 皇冠体育app. Past winners in other countries have included 3M, BASF, Intel, L'Oreal, Philips, Siemens, Unilever, and .

"With the dishing labor cost advantage of Chinese manufacturing, 'low hanging fruit' opportunities for companies in 皇冠体育app have become fewer and farther between. The result is that now many more companies in 皇冠体育app must begin to rely on innovation to garner business advantage," said Dr Stephen Dyer, A.T. Kearney Partner and head of the firm's Asia Pacific Innovation Practice.

"Many Best Innovator companies in 皇冠体育app are not only developing unique products and services for 皇冠体育app, but are also taking advantage of their work to understand and meet emerging market customer nee for lower cost, easier functionality, and higher throughput to develop products and services that then directly bolster their competitive advantage in mature markets," he added.

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