John Deere Named a Global Innovator Dec 6, 2012

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Outdoor power equipment maker John Deere was named a Thomson Reuters 2012 Top 100 Global Innovator.

"Meaningful innovation at John Deere is creating product and service solutions that solve real problems and create value for our customers and our company," said Deere Chairman and CEO Samuel R. Allen.

The Top 100 methodology rewards companies in four key areas: overall patent volume, patent grant success rate, global reach of the portfolio, and patent influence as evidenced by citations.

Thomson Reuters said the 2012 Top 100 Global Innovator companies created additional jobs, performed better in revenue, and invested more in research and development in the past year when compared to other companies.

"We invest in innovation to help our customers continue to be highly productive," Allen said. "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."

Allen said that Deere benefits from the competitive strength of enterprise-wide innovation as a key component of fulfilling the company's business strategy and sustaining profitable growth through differentiation.

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