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 management. 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 (www.innovateforum.com) 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 giant. 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.