12-4-13 1:23 PM EST | Email Article

Imaginatik (LSE:IMTK.L), a leading innovation management company providing a range of consulting and software services for enterprises, today released results from its 2013 State of Global Innovation Report. Based on a survey of senior business professionals, the survey results reveal an increasingly clear picture of the emerging role innovation plays in today’s business world.

The survey, conducted in Spring 2013, shows that companies are focusing on innovation as a dedicated response to competitive and technology pressures. Nearly two thirds of companies (63%) reported that innovation has been on the management agenda for more than two years, and more than half (56%) said that innovation is already an organization-wide competency being actively managed at the corporate level.

Furthermore, innovation is increasingly rising onto the C-level agenda. More than three-quarters (77%) of respondents named the CEO as the partial or primary driver of innovation initiatives, with sizable numbers also mentioning the Chief Strategy Officer (53%), Chief Marketing Officer (46%), and Chief Innovation Officer (42%). The majority of organizations (72%) also cited a cross-functional executive team as a driver of innovation activities.

Yet despite the newfound enthusiasm, actual progress on implementing innovation strategies is uneven. More than half of respondents (56%) mention that innovation strategy is a key unresolved challenge, and more than three-quarters (81%) say that lackluster follow-through on good ideas is a major impediment to innovation success. As a consequence, most organizations have not yet demonstrated clear business results from innovation activities.

“These findings suggest that innovation is emerging as a long-term, strategic business priority,” said Matt Cooper, CEO at Imaginatik. “However, it will take time and effort for companies to make headway on delivering consistent results through innovation. Imaginatik’s goal is to help them accelerate that process.”

For more information about the 2013 Global State of Innovation report and to download a copy please visit http://www.imaginatik.com/landing/2013-innovation-leaders-survey-report.

Survey Methodology
The 2013 State of Global Innovation survey was conducted in the form of an online survey, and was fielded during the last two weeks of May 2013. Respondents were asked questions about the nature of innovation at their firms, including many open-ended questions that allowed for richer commentary and explanations than more traditional questions. In total, 204 qualified respondents (mid-senior level managers with a stake in innovation) answered the survey and their responses were included in the survey findings. Responding companies represent many industries, particularly weighted toward industrial manufacturing and professional services.

About Imaginatik
Imaginatik is the world’s first full-service innovation firm with 17 years of experience building innovation into a sustainable competence at some of the world’s largest and most respected companies. Through a mix of consulting and advisory, hands-on innovation projects and program managements, and our award-winning enterprise software platform, Imaginatik helps clients develop innovation capability into a permanent competitive advantage. Imaginatik is the trusted partner of leading organizations including CSC, Ladbrokes, The World Bank, Cargill, Mayo Clinic, The Chubb Group of Insurance Companies, HCA, Windsor Foods, Dow Chemical and Goodyear.

Imaginatik is a public company whose shares are traded on the AIM market of the London Stock Exchange (LSE: Imaginatik.L) and is a World Economic Forum Technology Pioneer with offices in Boston, MA, and Fareham, UK. For more information visit www.imaginatik.com.

Add a Comment

News   More...

Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar

Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - - 2013 State of Global Innovation Report Shows a Growing Corporate Focus on Innovation
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: 2013 Seven-Star Awards Recognize Contributions to Food Safety  |  Next: 2013 Trading Volume Reaches New All-Time High At CBOE Futures Exchange