Thursday, September 21, 2023

My Favorite Business Rankings - Fast Company - IV

The World’s Most Innovative Companies – 2020, 2021, 2022, 2023

Most lists are formula bases.  You may see individuals, companies, states, ranked by value, profit, revenues, net worth, etc.  An example is the most innovative state as determined by the number of patents issued to individuals and firms in a state.  We all know the Forbes and Fortune lists.

I think this one is far more complex.  Innovation may truly be in the eye of the beholder. It is a fluid and moving definition. Innovation can change radically by industry and/or individual. The automotive industry (driver less cars) and Elon Musk come immediately to mind.

Of all the rankings, Fast Company’s innovative firms is one of the more fun to read. First, all are innovative according to Fast Company and their judgements (next paragraph). And company size; revenues, longevity, etc. are not really relevant.

The question is are you innovative.  For 2020 Fast Company staff determined innovative by:

“This year (2020), Fast Company’s editors and writers sought out groundbreaking businesses across 44 sectors, including every region of the world. We also judged nominations received through our application process. We assess each company on a combination of innovation and impact, with a focus on what it’s accomplished in the past year. The 434 organizations we honor here lead their fields and are transforming the world.”

Enjoy all four rankings and note the vast differences in the top 50. I see very few parallels. You may find more.  I think you will enjoy the one-line description of why each firm was selected. 

https://www.fastcompany.com/most-innovative-companies/2020

https://www.fastcompany.com/90603436/the-worlds-most-innovative-companies-2021

 

https://www.fastcompany.com/most-innovative-companies/2022

https://www.fastcompany.com/most-innovative-companies/list