Goodyear named a Top 100 innovator
Thomson Reuters has named Goodyear Tire & Rubber Co. one of the world's 100 most innovative organizations.
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For the launch of the Top 100 list, Thomson Reuters analyzed patent data and related metrics in a proprietary methodology to identify the companies and institutions that lead the world in innovation activity.
"Innovation is a means of growth and prosperity for companies and nations seeking to overcome sluggish economies and achieve competitive advantage," says David Brown, president of the IP Solutions business of Thomson Reuters. "The Thomson Reuters 2011 Top 100 Global Innovator program recognizes those organizations that lead the world in innovation, the protection and commercialization of inventions, and influence on future technologies. We salute these companies and their leaders for the innovative spirit they foster and their commitment to protecting intellectual assets."
A comparison of market data for 2011 Top 100 Global Innovator companies (of those that report such figures) shows they added more than 400,000 new jobs in 2010 over 2009, 3% more than the prior year and greater than the percentage increase in growth experienced by the S&P 500 for the same period. "The jobs created by the Top 100 Global Innovator organizations are a significant indicator of the impact innovation can have on driving economic growth," says Brown.
Additionally, the 2011 Top 100 Global Innovator organizations had a 12.9% increase in market cap weighted average revenue over the prior year, whereas the S&P 500 market cap weighted average revenue grew by just 7.2%.
Thomson Reuters 2011 Top 100 Global Innovator companies are geographically dispersed. Forty percent of them are from the U.S., 31% are from Asia, and 29% are from Europe.
Other tire industry related companies on the list include 3M and Sumitomo Rubber Industries Inc.
To view the full report on the Thomson Reuters Top 100 Global Innovator program, go to www.top100innovators.com.