Innovate Forum Announces Winners of the First Annual Innovation Management Awards

Google, Whirlpool, Steve Jobs and China Are Among Honorees

Jan 25, 2007, 00:00 ET from Questex Media Group, Inc.

    NEWTON, Mass., Jan. 25 /PRNewswire/ -- Innovate Forum, the premier
 global media brand dedicated to the business value of innovative
 technologies and processes, has announced the recipients of its inaugural
 "Innovation Management" Awards, recognizing today's leaders in innovation
     The launch of the Innovation Management Awards program is meant to
 assist businesses in reaching their goal of producing and leveraging
 innovation more effectively.
     The editors of Innovate Forum ( honored 7
 recipients in the following categories: 2006 Innovator of the Year; 2006
 Innovative Organization of the Year; 2006 Executive Leader of the Year;
 2006 Product Innovation Leader; 2006 Thought Leader of the Year; 2006
 Innovation Management "Rising Star"; 2006 Special Achievement Award for
 Advancing Innovation.
     "Innovate Forum is pleased to honor these innovative companies and
 individuals, and in one case even an entire country," said Lester Craft,
 Editor in Chief of Innovate Forum. "At Innovate Forum, we believe the time
 has come to view innovation as a critical business discipline, and
 hopefully this new program will play a role in fostering that development."
     The following is a list of Innovation Management Award recipients,
 along with thumbnail profiles:
     2006 Innovator of the Year: Philip Rosedale, Founder of Linden Lab's
 Second Life
     Philip Rosedale, founder of San Francisco-based Linden Lab's Second
 Life, earns recognition as Innovate Forum's 2006 Innovator of the Year for
 his pioneering work in developing and establishing a virtual 3D world where
 residents and even conventional businesses can buy and sell property, work,
 play, and shop at brand-name stores.
     2006 Innovative Organization of the Year: Google
     Google receives top ratings here because of its innovative culture.
 Google has also made it a point to boost its ability to innovate through
 acquisitions of companies that show promise. Its most recent move in this
 regard was to acquire YouTube, the online video phenomenon that hit the
 country last year.
     2006 Executive Leader of the Year: Apple CEO Steve Jobs
     Steve Jobs takes first place in this category not only for his
 leadership in the development of innovative, award-winning, best-selling
 products like the iPod, (and more recently, the iPhone,) but also because
 his company is able to do so without spending a fortune on R&D.
     2006 Product Innovation Leader: Whirlpool Corp.
     Whirlpool CEO Jeff Fettig credits a focus on innovation with making all
 the difference in the company's transformation from manufacturer of
 commodity appliances to a maker of designer goods.
     2006 Thought Leader of the Year: A.G. Lafley, CEO, Procter & Gamble
     A.G. Lafley is recognized for his pioneering work in popularizing the
 notion of "open innovation," and successfully applying an open-innovation
 business model to drive product development at the consumer packaged-goods
     2006 Innovation Management "Rising Star:" China
     It won't happen overnight, but be forewarned -- in spite of a long
 history of discouraging the kind of independent thinking typically
 responsible for driving innovation and entrepreneurship, China is edging
 towards a more innovative culture all the time. It is for this reason -- in
 spite of the cultural challenges facing this nation's best and brightest --
 that we rank China a "rising star" with respect to innovation.
     2006 Special Achievement Award for Advancing Innovation
     Global strategy and technology consulting firm Booz Allen Hamilton is
 recognized for its efforts in pioneering the term "high-leverage
 innovators," and for dispelling the myth that spending more money on R&D is
 the key to innovation.
     In the coming weeks, Innovate Forum will feature a more complete
 profile of each award-winner as part of Innovate Forum's daily posts on
 managing innovation.
     About Questex:
     Questex Media Group is a global, diversified business-to-business
 integrated media provider, headquartered in Newton, Mass. Questex Media
 serves multiple industries including technology, travel, beauty, home
 entertainment, landscaping, and industrial and specialty markets through a
 range of well- established, market-leading products and services. The
 company's properties include 23 trade publications and 25 conferences and
 tradeshows, as well as a host of databases and online media brands. Questex
 Media has more than 400 employees in offices throughout North America,
 Latin America, Asia and Europe.

SOURCE Questex Media Group, Inc.