BCG's annual corporate innovation report

The Boston Consulting Group has released its annual report on the state of corporate innovation. This is good benchmarking as General Mills re-examines its own innovation model. A few of the key takeaways are as follows:

• Innovation remains a strategic priority for the majority of companies, but the number that consider it a top priority is falling
• Companies consider a risk-averse corporate culture and lengthy development times to be the two biggest forces holding down their return on innovation spending
• C-level executives are more satisfied with the return on innovation spending than the rest of the company
• At the majority of companies, there is a void in visible innovation leadership