For the first time ever, Canadian companies took part in PwC’s Global Innovation Survey. More than 1,707 executives from around the globe agree that innovation isn't just important, it’s essential to staying relevant and competitive in an evolving global market. Although Canadian companies express a very eager appetite for innovation, they lag behind the world in having some key components necessary for staying ahead of the curve.
The vast majority of Canadian companies that took part in the global survey were from the financial, technology, information, communication and entertainment sectors*. Here are the highlights from their perspectives on innovation.
The results of the global survey couldn’t be clearer: innovation today is a key driver of organic growth for all companies—regardless of sector or geography. Meanwhile, innovation leaders are breaking away from their cohorts, expecting a revenue boost of a quarter-trillion US dollars over the next five years alone. Review the full report to find out what exactly these innovation leaders are doing differently.
* Our survey features responses from a cross-section of the financial services sector (26% responses) and a cross-section of technology, information, communication, and entertainment sector (43% responses).