FORTUNE -- Although it spent less than Amazon (AMZN) on R&D last year, half as much as Google (GOOG) and IBM (IBM) and one third as much as Samsung and Microsoft (MSFT), executives polled by Booz & Co. named Apple (AAPL) the world's most innovative company for the third year in a row.
As the Booz report puts it,
"...it is not how much companies spend on research and development that determines success — what really matters is how those R&D funds are invested in talent, process, and tools."
In the management consulting firm's eighth annual survey, Apple, Google and 3M (MMM) retained their No. 1, 2 and 3 spots, respectively, Samsung rose for the second year in a row, and Amazon joined the top 10 list for the first time.
You can learn more about Booz' methodology by downloading its media kit here.
Below: Who's up and who's down.
Broke ground Saturday on a robotics research facility in Taiwan
Here's one way to solve your labor problems.
Hon Hai Precision Industry, the company whose Foxconn division assembles most of the electronic products sold in the U.S. -- including Apple's (AAPL) iPhones and iPads -- broke ground Saturday on a new R&D unit in Taichung, central Taiwan.
"The investment marks the beginning of Hon Hai's bid to build an empire of robots," the MOREPhilip Elmer-DeWitt - Oct 31, 2011 8:36 AM ET
Of all the reporters who have tried to slog their way through Apple's 100-page Form 10-K for fiscal year 2008, nobody has done a better job digging out nuggets of news than AppleInsider's Prince McLean. (We got bogged down in the page-turning boilerplate of the Risk Factors section.)
What did Mr. McLean discover? Here are his highlights:
A shift in business strategy. From "digital lifestyle" products to "high-end hardware solutions" for "enterprise, MOREPhilip Elmer-DeWitt - Nov 6, 2008 7:47 AM ET
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