Image: Boston Consulting Group
The rapidly changing market and needs require companies to be flexible and dynamic. In the face of the COVID-19 pandemic, not all companies have been able to be agile enough to remain innovative. However, many have proven themselves to be innovative and have improved their position in the Top 50 Most Innovative Companies in 2021—and Tesla has become one of them.
This year was full of pandemic-driven changes that changed corporate priorities, yet innovation remained a priority for corporations around the world. The Boston Consulting Group (BCG) has ranked the Most Innovative Companies since 2005. The 50 most innovative companies in 2021 were determined and ranked based on a survey of 1,600 global innovation professionals.
Tesla, which is a manufacturer of automobiles and energy solutions was ranked #5 among the 50 most innovative companies in 2021. It should be noted that the manufacturer has improved its position compared to last year, when it took 11th place. Tesla works and develops in several industries at once, gradually discovering new ones. The company creates unique products such as hardware and software for Full Self-Driving (FSD), batteries for electric vehicles, robotics for the production of cars, etc., and has now begun to develop in the field of the construction of humanoid robots. All this, combined with its high market capitalization, makes Tesla one of the most innovative companies around.
What will 2022 and the years ahead bring?
BCG uses four variables to create a ranking of the 50 Best Innovative Companies:
- Global “Mindshare”: The number of votes from all innovation executives.
- Industry Peer Review: The number of votes from executives in a company’s industry.
- Industry Disruption: A diversity index to measure votes across industries.
- Value Creation: Total share return.
© 2021, Eva Fox. All rights reserved.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.