BCG: Innovation Systems Need a Reboot

Companies are prioritizing innovation more than ever before—yet they’ve never been less prepared to deliver on those aspirations. This year, a record 83% of senior executives rank innovation among their organizations’ top three priorities. However, according to a new report from Boston Consulting Group (BCG), just 3% of companies in 2024 qualify as “innovation ready”—a steep drop from 20% as recently as 2022.

For its 18th annual innovation study, titled Innovation Systems Need a Reboot, BCG assessed companies’ innovation maturity on a 100-point scale and surveyed over 1,000 senior innovation executives around the world.

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