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The 10 Things Innovative Companies Do To Stay On Top

Julie BortJan 25, 2013, 20:39 IST

This post is part of the "Future of Business" series, which examines how cutting-edge technologies are rapidly reshaping our world, from how businesses run to how we live. "The Future of Business" is sponsored by SAP.

See more Future of Business >>

Innovation isn't this abstract thing that some companies have and some don't.

Innovation is actually a business skill that executives and employees can develop and master.

So says Booz & Company management consultants Barry Jaruzelski, John Loehr, and Richard Holman. The authors of Booz's annual "Global Innovation 1,000 report" named the most innovative companies in the world for 2012 and studied what makes them so.

In addition to looking at what these 1,000 companies do right, it also surveyed some 700 companies not on the list to find out how they come up with new products and services.