Saturday, April 23, 2005

Innovative Industries

Food and consumer goods companies are the most efficient innovators, according to a recent survey of 850 companies by Arthur D Little, while aerospace and utilities are the least efficient. Innovation efficiency is defined as the amount of revenue attributed to new products, proportional to R&D spending.

Source: Financial Times, April 21st 2005

Perhaps not surprisingly, innovation is most efficient in the industries where competition is keenest. This appears to support our previous thoughts on Technology and Competition.

No comments:

Post a Comment