Tech giants continue to dominate the top of the Boston Consulting Group’s list of most innovative companies in 2016. While traditional manufacturers and process-driven companies, such as General Electric, secured their spots by embracing digital innovation.
Apple, Google, Tesla, and Microsoft retain the top four spots on the annual list, while Amazon moves up four spots to round out the top five.
Facebook was the biggest mover, jumping 19 spots to join the top 10. Dupont was also up 19 spots and Pfizer up 18. Netflix, JPMorgan Chase and Nike all moved 15 positions higher.
You can check out how each company on the list has performed over time here and the full list is available below.
New entrants on the list include Uber (17), Airbnb (21), Under Armour (22), Regeneron (24), Expedia (32), SpaceX (34), Hilton (37), NTT Docomo (39), Orange (44) and Bristol-Myers Squibb (47).
While there are plenty of disruptors on the list, more than half the top 50 are bigger, older companies that have been just as innovative as disruptors for decades, and some for more than a century.
The steady innovators which have made the list every year between 2005 and 2016 include Apple, Google, Microsoft, Amazon, Toyota, IBM, Hewlett-Packard, BMW, General Electric and Nike.
The returnees who landed back on the list after dropping off in 2015 include Southwest Airlines (12), General Motors (27), Xiaomi (35), Intel (40), Dell (43), Honda (48), Procter and Gamble (50).
Looking at where the companies are headquartered, 34 are from the US, 10 are from Europe, and six from Asia. This regional mix represents a significant shift toward North American companies, which capture 68 per cent of the top 50, up from 44 per cent in 2013.