{"id":2192,"date":"2018-12-06T14:38:27","date_gmt":"2018-12-06T14:38:27","guid":{"rendered":"https:\/\/www.munich-strategy.com\/?p=2192"},"modified":"2022-04-04T15:49:34","modified_gmt":"2022-04-04T15:49:34","slug":"germanys-innovative-mittelstand-companies-2-2","status":"publish","type":"post","link":"https:\/\/www.munich-strategy.com\/en\/germanys-innovative-mittelstand-companies-2-2\/","title":{"rendered":"Study: Innovation Champions 2018."},"content":{"rendered":"

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Dr. Sebastian
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Matthias
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Dr. Sebastian
\nTheopold<\/h6>\n

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Matthias
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STUDIE<\/span><\/strong><\/h6>\n

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12 \/ 2018<\/span><\/h6>\n

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Innovation Champions 2018. Germany’s most innovative ‘Mittelstand’ companies.<\/h1>\n

[\/vc_column_text][vc_single_image image=”2561″ img_size=”full”][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text el_class=”h8″]Munich Strategy has awarded Germany\u2019s most innovative \u201aMittelstand\u2018 companies\u2018 \u2013 in cooperation with business magazine WirtschaftsWoche.[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text]<\/p>\n

More than 3.500 German companies with an annual turnover between 10 m and 1 bn Euro were analyzed. The top 50 \u201eInnovation Champions\u201c were identified based on a so-called innovation score, which is calculated based on the companies\u2018 performance and innovative strength. Performance criteria are revenue growth, profit margin and EBIT growth. Criteria for innovative strength include innovative drive, innovative reputation and R&D power.<\/h6>\n

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Innovation Champions grow three times faster than average \u201aMittelstand\u2018 companies.<\/h2>\n

The study shows: the most innovative companies perform significantly better than average companies. The top 50 grow three times faster than the German \u201aMittelstand\u2018 and have also increased their profitability three times as fast.<\/h6>\n

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Technology and mechanical engineering are the most innovative industries.<\/h2>\n

The technology sector leads the ranking with 17 \u201aInnovation Champions\u2018, the mechanical engineering industry has reduced the gap and produces 10 champions \u2013 twice as many as last year. Munich Strategy has identified the increasing digitization of the industry and new data based business models as main innovation drivers.<\/h6>\n

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Strategy innovations gain importance.<\/h2>\n

Many \u201aMittelstand\u2018 companies now have a more comprehensive understanding of innovation. They not only innovate their products or technologies but rethink their processes, services, sales models, price and marketing strategies and design ideas. 47% of the top 15 \u201eInnovation Champions\u201c have implemented strategy innovations and show more sustainable returns compared to companies with a focus on product innovations.<\/h6>\n

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Content of the study<\/span><\/h2>\n

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