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There are some companies that are happy with the way things are, while others are constantly innovating and experimenting.
Let's take a look at some companies that are most innovative in the world.
Source: Forbes
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Salesforce.com
Industry: Software & Programming
Founded: 1999
Sales: $3.05 billion
Employees: 9,800
Headquarters: San Francisco, California
Overall rank: 1
Although famous for customer relationship management products, it has recently branched out into social enterprise arena through buyouts.
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Alexion Pharmaceuticals
Industry: Biotechs
Founded: 1992
Sales: $1.13 billion
Employees: 1,373
Headquarters: Connecticut, United States
Overall rank: 2
Alexion Pharmaceuticals is the major distributor of Solaris, a medicine that helps treat disorders. It's also carrying out research into what role immune system can play to stop attacking healthy tissue.
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VMware
Industry: Software & Programming
Founded: 1998
Sales: $4.6 billion
Employees: 13,800
Headquarters: Palo Alto, California
Overall rank: 3
VMware offers cloud and virtualisation software and services. With more than 480,000 customers and 55,000 partners, it provides services to companies of all sizes.
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Regeneron Pharmaceuticals
Industry: Biotechs
Founded: 1988
Sales: $1.38 billion
Employees: 1,950
Headquarters: New York, United States
Overall rank: 4
Regeneron and Sanofi, another drug manufacturer, are working together to develop a medicine that will reportedly reduce cholesterol level 72 per cent more than any other drug.
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ARM Holdings
Industry: Semiconductors
Founded: 1990
Sales: $938 million
Employees: 2,261
Headquarters: Cambridge, United Kingdom
Overall rank: 5
ARM Holdings, the world's leading semiconductor intellectual property supplier, has offices around the world, including India.
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Baidu
Industry: Computer Services
Founded: 2000
Sales: $3.54 billion
Employees: 2,261
Headquarters: Beijing, China
Overall rank: 6
The Chinese web company offers many services, including search engine, multimedia content, discussion forum, etc. It's the first Chinese company to be listed in the Nasdaq-100 index.
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Amazon.com
Industry: Internet & Catalog Retail
Founded: 1994
Sales: $61.09 billion
Employees: 88,400
Headquarters: Seattle, Washington
Overall rank: 7
Amazon.com, one of the largest online retailers in the world, manufactures consumer electronics, provides cloud services and sells everything from video games to clothes.
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Intuitive Surgical
Industry: Medical Equipment & Supplies
Founded: 1995
Sales: $2.18 billion
Employees: 2,362
Headquarters: Sunnyvale, California
Overall rank: 8
Intuitive Surgical is the global leader in the rapidly emerging field of robotic-assisted minimally invasive surgery. Since its inception, the company has consistently provided surgeons and hospitals with the tools needed to improve clinical outcomes and to help patients return to active and productive lives, according to its website.
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Rakuten
Industry: Internet & Catalog Retail
Founded: 1997
Sales: $5.56 billion
Employees: 7,615
Headquarters: Tokyo, Japan
Overall rank: 9
Rakuten is the largest e-commerce site in Japan and among the world’s largest by sales. It has acquired Buy.com in the United States, Priceminister in France, Ikeda in Brasil, Tradoria in Germany, Play.com in the United Kingdom and Wuaki.tv in Spain, according to Wikipedia.
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Natura Cosmeticos
Industry: Household/Personal Care
Founded: 1969
Sales: $3.1 billion
Employees: 6,700
Headquarters: Cajamar, Brazil
Overall rank: 10
Natura Cosmeticos, one of the biggest producer and marketer of beauty products, operates in several countries around the world, including Argentina, Brazil, Chile, Colombia, France, Mexico, Peru, the United States, Australia and the United Kingdom.
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Henan Shuanghui Investment & Development
Industry: Food Processing
Founded: 1998
Sales: $6.26 billion
Employees: 61,050
Headquarters: Henan, China
Overall rank: 11
Henan Shuanghui Investment & Development manages several businesses, including food, logistics and flavouring products. It's also the biggest stakeholder in largest meat processing enterprise in China.
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Coloplast
Industry: Medical Equipment & Supplies
Founded: 1957
Sales: $1.92 billion
Employees: 7,875
Headquarters: Humlebak, Denmark
Overall rank: 12
Coloplast, which produces and sells medical devices, operates in 53 countries. In some countries it deals with hospitals and institutions, while in others it deals directly with consumers.
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Cerner
Industry: Healthcare Services
Founded: 1979
Sales: $2.66 billion
Employees: 11,900
Headquarters: Missouri, United States
Overall rank: 13
Cerner, which says it's the biggest provider of electronic medical systems in the United States, offers solutions to manage medical and financial records to hospitals and other medical facilities.
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Unicharm
Industry: Household/Personal Care
Founded: 1961
Sales: $5.18 billion
Employees: 10,287
Headquarters: Ehime, Japan
Overall rank: 14
Unicharm sells baby and child care products, feminine care products, health care products, cosmetic products, household products, pet care products, industrial materials and food-packaging materials, etc.
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Estee Lauder
Industry: Household/Personal Care
Founded: 1946
Sales: $9.98 billion
Employees: 38,500
Headquarters: New York, United States
Overall rank: 15
Estee Lauder is a producer and seller of high-end personal care products, such as Clinique, Ermenegildo Zegna, M·A·C and Michael Kors.
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Jeronimo Martins
Industry: Food Retail
Founded: 1792
Sales: $13.98 billion
Employees: 66,270
Headquarters: Lisbon, Portugal
Overall rank: 16
Jeronimo Martins operates, supermarkets, hypermarkets, cash-and-carry stores and industrial facilities in Portugal and Poland.
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FMC Technologies
Industry: Oil Services & Equipment
Founded: 2000
Sales: $6.15 billion
Employees: 18,400
Headquarters: Houston, Texas
Overall rank: 17
FMC Technologies, which operates 30 manufacturing facilities in 16 nations, is one of the biggest providers of equipment and services to the energy sector.
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Tencent Holdings
Industry: Computer Services
Founded: 1998
Sales: $6.96 billion
Employees: 24,160
Headquarters: Guangdong, China
Overall rank: 18
Tencent Holdings, an investment company in China, runs many businesses, including web portals, e-commerce, online games and social networks. Some of its best-known brands are instant messenger Tencent QQ and QQ.com, a web portal.
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Starbucks
Industry: Restaurants
Founded: 1985
Sales: $13.66 billion
Employees: 160,000
Headquarters: Seattle, Washington
Overall rank: 19
Starbucks, the biggest coffeehouse chain in the world, operates 20,891 stores in 62 countries, including 13,279 in the United States, 1,324 in Canada, 989 in Japan, 851 in China and 806 in the United Kingdom.
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Pernod Ricard
Industry: Beverages
Founded: 1974
Sales: $10.4 billion
Employees: 18,308
Headquarters: Paris, France
Overall rank: 20
Pernod Ricard is one of the biggest players in the wine and spirits industry. It owns some of the most famous brands, such as Absolut, Chivas Regal, Havana Club and Macieira Brandy.
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Beam
Industry: Beverages
Founded: 1904
Sales: $2.47 billion
Employees: 3,400
Headquarters: Illinois, United States
Overall rank: 21
Beam, the fourth-largest premium spirits company in the world and the largest US-based spirits company, crafts and markets dozens of the world’s top premium spirits brands.
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Perrigo
Industry: Pharmaceuticals
Founded: 1887
Sales: $3.26 billion
Employees: 8,800
Headquarters: Michigan, United States
Overall rank: 22
Perrigo, one of the leading global healthcare suppliers, produces and sells over-the-counter drugs, generic prescription medicines, infant formulas, nutritional products among others.
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Essilor International
Industry: Medical Equipment & Supplies
Founded: 1972
Sales: $6.58 billion
Employees: 48,700
Headquarters: Paris, France
Overall rank: 23
Essilor, the biggest manufacturer of corrective lenses in the world, operates in 100 countries. Some of its best known brands are Varilux, Crizal, Definity, Xperio, Optifog.
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Beiersdorf
Industry: Household/Personal Care
Founded: 1882
Sales: $7.97 billion
Employees: 16,605
Headquarters: Hamburg, Germany
Overall rank: 24
Beiersdorf, the German-based company produces and sells personal care products all across the world. Some of its well-known brands are Nivea, Elastoplast, Labello and Aquaphor.
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Grifols
Industry: Biotechs
Founded: 1940
Sales: $3.46 billion
Employees: 11,108
Headquarters: Barcelona, Spain
Overall rank: 25
Grifols, which operates in more than 90 countries around the world, produces blood plasma-based products and sells devices and instruments to laboratories.