Industry Average Innovation
Maturity Level
Novice
Industry Average Innovation
Maturity Score
1.89 / 4.00
Least Developed Innovation
Ecosystem Pillar
Process
AGRICULTURE & FOOD PROCESSING
Many experts around the world regard this industry as one of the main industries of the future. The agriculture and food processing industry have great growth potential given recent technological developments and customer behaviour trends.
However the potential of the market can only be harvested by companies willing to improve their value creation and delivery systems. With a history of low radical innovation the industry seems to be perfect for disruptive startups to move in unless the incumbents are committed to change and start considering innovation as a viable growth option.
Based on OUTCOME’s pioneering work on measuring corporate Innovation Maturity, we’ve launched ‘AIM Individual’ – a single-person version of the enterprise-wide tool AIM, used to build The Global Innovation Maturity Index.
Innovation Maturity Summary
Strategy
An innovation strategy of companies in this industry is apparently more of a second thought. The vast majority of companies in this industry are focusing primarily on driving efficiency in the core business.
Leadership
The senior leadership of the companies in this industry apparently tend to focus primarily on short-term and more predictable objectives rather than long-term and high uncertainty ones.
Management
Apparently most companies in this industry tend to struggle with lack of innovation-skilled middle managers. This has implications in the innovation decision making process as well as in the innovation process.
Culture
The culture of most companies in this instruy seems to be one of conformity. Employees are not incentivised to change or look for innovative alternatives therefore employees don’t see innovation as part of their job.
Process
Resource allocation for innovation is seems to be an issue for companies in this industry – incremental improvements of the core offerings are typically favoured over new growth (beyond the core) initiatives.
The Top 11 Most Innovative Companies in the world compared with the 11 Biggest R&D Spenders...
Download our Agriculture & Food Processing Industry Maturity Report 2021.