Innovation is challenging to manage, and the curiosity to know the top innovative companies in the world in 2021 (even during a severe pandemic) is actually genuine and valid.
What is the definition of an innovative company?
An innovative company refers to a corporation that offers new capabilities and incredible facilities to their consumers by solving their problems in innovative solutions. Also, this helps to boost the company revenue quickly. Because when companies implement new progress, products, ideas and services to solve business problems, it gets high demand than existing products and services that offer low efficiency than new ones.
Innovation is the ability to see changes as an opportunity – not a threat.Steve Jobs
It’s really essential to know about the most innovative companies today because they are the game-changers. We have collected the most innovative businesses and companies according to Forbes. So let’s explore the list of these companies that you have waited to see.
1. ServiceNow (NOW)
ServiceNow is an IT Software and services company in the United States. Frederic B. Luddyin founded the firm in June 2004. The vision of the founder was to build a cloud-based platform to empower and facilitate people to route work productively and efficiently. The headquarters of the company is in Santa Clara, California. The company proved to be one of the top-notch and leading innovative companies in 2021 because of their efforts and services which is based on SAAS.
The services offered by the company include
- Automated testing framework
- configuration management database
- Edge encryption
- Performance analytics and reporting
- Intelligent automation engine
- Knowledge management
- Service creator and catalogue
- Subscription management
- Orchestration core
Number of Employees: 15,000+ (2021)
Net income: US$118 million (2020)
Total assets: US$8.71 billion (2020)
The company believes in the digital workflow revolution. Their mission is to inspire the customers to workflow any challenge. The reason behind the success and innovation in the firm embraces is the diversity and delivers customer success, and knows how to innovate and execute.
2. Workday (WDAY)
One of the innovative companies in the world is Workday, an IT Software and services company founded in March 2005 in the United States. David A. Duffield and Aneel Bhusri were the founders of the company. The headquarters of the Workday is in Pleasanton, CA.
The services offered by the company include
- Financial management
- Human capital management
- Spend management
- Talent management
- Enterprise planning
- Professional services automation
- Payroll and workflow management
- Analytics and reporting
- Platform and product extensions
Number of Employees: 12,500+ (2021)
Net income: US$481 million(2020)
Total assets: US$3.28 billion (2020)
This firm is considered one of the leading and fasts forward with a new class of enterprise management cloud. The company employs in the development of enterprise cloud management for human resources and finance. The value of the company is to move forward with innovation. The company not only focuses on innovation in the development organization but also in all aspects of its business. 12,500 Employees are one of the leading reasons behind the success of the Workday company.
3. Amazon (AMZN)
Amazon is one of the most innovative retailing companies of 2021 that was founded in July 1994 by Jeffrey P. Bezos in the United States. The headquarters of Amazon is in Seattle, Washington. The company follows four rules, which focus on customer obsession rather than competitor focus is on the top. It knows how to maintain passion for invention. The third rule the company follows is the commitment to operational excellence. It is innovative because of its long-term approach and thinking.
The services offered by the Amazon web service
- Retail goods
- Amazon Prime
- Amazon music
- Consumer electronics
- Digital content
- Amazon Luna
Number of Employees: 1.3 million (2021)
Net income: US$21.331 billion(2020)
Total assets: US$321.2 billion (2020)
Amazon is one of the most popular marketplaces when it comes to selling online. Two types of websites are working as single institutions. One of them is Amazon.com, and the other one is the Amazon marketplace. Amazon marketplace is an e-commerce platform, working as a third-party retailer to sell their product for profit percentage and integrated with Amazon.com.
4. Tesla (TSLA)
Tesla is the consumer durables industry founded on July 1, 2003, in the United States. Tesla’s founders are a group of engineers, Jeffrey B. Straubel, Martin Eberhard, Elon Reeve Musk, and Marc Tarpenning. The headquarters of the company is in Palo Alto, CA.
The services of the company include
- Vehicle service centres
- Self-driving capability
- Supercharger stations
Number of Employees: 70,757 (2021)
Net income: US$721 million (2020)
Total assets: US$52.2 billion (2020)
The company engages in the development of energy storage products for household purposes, utility sites, and commercial facilities. They design, develop and manufacture world-class and top-notch electric vehicles. The speciality of the company that makes it innovative is it believes in exploring more and moving towards a zero-emission better future.
5. Salesforce.com (CRM)
Salesforce.com is an IT software and services company that deals with the design and progress of cloud-based enterprise software for customer relationship management founded in February 1999 in the USA. The founders of the company are Marc Russell Benioff, David Moellenhoff, Parker Harris, and Frank Dominguez and the headquarters of the company are in San Francisco, CA.
Salesforce offers cloud services for
Number of Employees: 56,600 (2021)
Net income: US$4.07 billion (2021)
Total assets: US$66.30 billion (2021)
It’s included in one of the top innovative businesses in 2021 due to its sales, services, resources, marketing, commerce, and business. Providing innovative solutions for problems is one of the essential strategies these companies use. Because today, there is no future for companies and organizations without evolving with innovation.
6. Netflix (NFLX)
One of the top-notch entertainment companies and media industry is Netflix, founded by Marc Randolph and Wilmot Reed Hastings Jr on August 29, 1997, in the United States. The headquarters of Netflix is in Los Gatos, CA.
Netflix allows people to
- Watch subscription streaming movies
- TV shows
- Television distribution
- Film distribution
Number of Employees: 12,135 (2021)
Net income: US$2.761 billion (2020)
Total assets: US$39.28 billion (2020)
The Domestic Streaming segment acquires profits from monthly membership fees for services, whereas the Domestic DVD segment derives revenues from services consisting solely of DVD-by-mail. The International Streaming segment covers charges from people not even present in the United States, which is why it is international.
7. Incyte (INCY)
A biopharmaceutical company, Incyte, is one of the top innovative companies with various aspects. Roy A. Whitfield is the founder of the company. It was founded in April 1991 in the United States, and the headquarters of the company is in Wilmington, DE.
The company services involve
- Drug discovery and development
- Rigorous science
- Clinical development.
Number of Employees: 1,773 (2021)
Net income: US$296 million (2020)
Total assets: US$3.56 billion (2020)
The industry is drugs and biotechnology, and it engages in the development, delivery, and commercialization of proprietary therapeutics. It ranges from preclinical to late-stage development. It also extends the commercialized products such as ICLUSIG (ponatinib) and JAKAFI (ruxolitinib).
The company advances to grow across two franchises such as Oncology and Inflammation & Autoimmunity. The world-class scientists are the part of the company that is the most significant reason behind the success of Incyte as they know about the best class medicines and explore more by identifying new molecules that prove their innovation.
8. Hindustan Unilever (NSE)
Household and personal products industry, Hindustan Unilever Limited is considered one of the fast-moving consumer good companies with innovative business. Sanjiv Soshil Mehta is the CEO of the company and the company headquartered in Mumbai.
The company is selling consumer goods including;
- Cleaning agents
- Personal care products
Number of Employees: 21,000 (2020)
Net income: US$900 million (2020)
Total assets: US$2.7 billion (2020)
They also hold products in the categories of oral care. Soaps and detergents include detergent bars, detergent powders, soaps, and scourers. Tea and coffee are included in the beverage segment of the company. Ice creams and frozen desserts, Staples, and culinary products (fruit-based products, tomato-based products, and soups) are included in the packaged food segment. Other famous segments are chemicals, exports, and water business.
9. Naver (035420)
Another IT software and services company, Naver, is an innovative firm founded in 1999 in South Korea. Hae Jin Lee is the founder of the company, and the headquarters of the company is in Seongnam, South Korea.
The company provides services that include
- Blogs and cafes
- Naver toolbar
Number of Employees: 4,103 (2020)
Net income: 836 billion KRW (2020)
Total assets: 17 trillion KRW (2020)
Children’s educational content is also offered by Jr. Naver, in which entertainment services and homework helpers and preschool are included. The company is considered one of the innovative businesses, and it involves the provision of internet communication and searches portal business.
10. Facebook (FB)
The Facebook Company has now turned into META, and it’s in the top ten innovative companies in the world, founded on Feb 4, 2004, in the United States. Mark Elliot Zuckerberg, Chris R. Hughes, Dustin Moskovitz, Andrew McCollum, and Eduardo P. Saverin are the founders of the company, and the headquarters of the company is in Menlo Park, CA. It belongs to the IT software and services industry and serves as a social networking company global.
Facebook (META) offers services by creating social media platforms. So they allow to
- Share contents
- Make an audience
- Make money through them
- Connect the world
Number of Employees: 60,654 (2021)
Net income: US$29.14 billion (2020)
Total assets: US$138.37 billion (2020)
The company’s mission was to enable people to build connections and community and bring the world closer to each other. The culture of the firm is to keep each other close and work together, promoting their own businesses and making life convenient. The firm’s products include Facebook, Messenger, Instagram, and WhatsApp.