One can naturally debate any system that seeks to crown the world’s most innovative companies. Boston Consulting Group’s list, which relies heavily on surveys asking senior executives to name the companies they perceive to be innovative, risks succumbing to the halo effect, where generally successful companies are assumed to be good at everything. Forbes’s mathematical approach, which calculates an “Innovation Premium” baked into a stock price, suffers from market capriciousness.
Marvin E. Smith 