The United States may be the centre of the 21st century invention and ideas renaissance, but a new ranking shows Asia’s emerging markets are catching up.
The top four businesses ranked in Forbes 2012 list of World’s Most Innovative Companies are based in the United States. But Robin Li, China’s self-made billionaire who studied in New York before returning home to set up Baidu, the Google of China, is proof innovation can spread.
The Forbes ranking builds on the book, The Innovator’s DNA, by Hal Gregersen, INSEAD’s Abu Dhabi Commercial Bank Chaired Professor of Innovation and Leadership, with input from Credit Suisse HOLT. It measures companies based on an “Innovation Premium”, an indication of the premium the stock market gives a company because investors expect it to launch new offerings and enter new markets.
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