ABSTRACT
Chapter 12 summarizes the key success factors for developing an innovation growth engine: plan for long- and short-term growth (Horizons 1, 2, and 3), continuously develop core capabilities and strengths, manage external collaborations, alliances, and acquisitions, and tap into megatrends. In addition, it highlights the top 14 innovation areas across seven industries: smart cities, powertrain advancement, electric cars, sensing technologies, safety & security, green chemicals/sustainability, connected cars, advanced automotive electronics, autonomous cars, advanced materials, connected homes, advanced robotics, connected health, and 3D printing. Harnessing these success factors and evaluating the top emerging innovations will help companies build short- and long-term roadmaps.
