John Deere Named On Reuters Top 100 Global Innovators List for 2012
John Deere has been named a Thomson Reuters 2012 top 100 Global Innovator, according to a release from the Deere Company. Deere has been awarded the honor based on the creation of additional jobs, revenue performance, and investment in research and development.
The top innovators are recognized for exceptional innovative practices, which are measured by a series of proprietary, patent-related metrics. Deere was reportedly added to the “top 100” list for their “overall patent volume, patent grant success rate, global reach of the portfolio, and patent influence as evidenced by citations.” According to Thomson Reuters, being part of the top 100 innovators means a company has exceeded the innovative business practices of other companies in various industries over the past year.
In response to the Thomson Reuters list, Samuel R. Allen, John Deere chairman and chief executive officer, said, "Our company began 175 years ago with the innovation of a self-scouring steel plow by our founder John Deere. We invest in innovation to help our customers continue to be highly productive. For example, we have grown our capabilities in the past six years from a single North American corporate R&D center to five Global Technology Innovation Centers."
Recognizing the importance innovation plays in the successes of today and tomorrow is a key factor Reuters considers when compiling the list; Deere exhibited this innovation through patent success as well as how they approach customer satisfaction and productivity.