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    The Most Admired Companies

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    What is the most admired company index, and what are the criteria upon which an admired company is determined (chosen).

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    The Most Admired Companies

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    mkalamawy
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    What is the most admired company index, and what are the criteria upon which an admired company is determined (chosen).

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    What is the most admired company index, and what are the criteria upon which an admired company is determined (chosen).

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    99 views6 pages

    The Most Admired Companies

    Uploaded by

    mkalamawy
    What is the most admired company index, and what are the criteria upon which an admired company is determined (chosen).

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 6

    AIN SHAMS UNIVERSITY FACULTY OF COMMERCE - MBA ENGLISH

    The Worlds Most


    Admired Companies
    (WMACs)
    Definition and Properties
    Mohamed Kamal AbdelRahman

    The most admired companies list is a list compiled by Korn Ferry Hay Group and
    published in the reputable Fortune magazine.
    The Worlds Most Admired Companies (WMACs)

    Table of Contents
    Introduction:............................................................................................................................................
    The criteria............................................................................................................................................
    The ranking methodology:.......................................................................................................................
    The most recent list:................................................................................................................................

    1
    The Worlds Most Admired Companies (WMACs)

    Introduction:
    Korn Ferry Hay Group, which has conducted the research for the World's Most
    Admired Companies list since 1997, Korn ferry Hay Group is a global
    management consulting firm.1

    The produced list gets published in the reputable Fortune magazine annually.

    The list includes 57 industries, with total of about 1500 companies, assessed
    upon stringent criteria, the result then presented to a group of about 4000
    respondents, which lead to a final score that ranks the companies in the World
    Most Admired Companies (WMACs).

    The criteria
    The worlds most admired companies is a list compiled by the famous
    business magazine Fortune and Korn Ferry Hay Group.

    The list contains the companies which scores high in nine criteria, namely are:

    Innovation,
    People management,
    Use of corporate assets,
    Social responsibility,
    Quality of management,
    Financial soundness,
    Long-term investment value,
    Quality of products and services,
    Global competitiveness.

    1 http://beta.fortune.com/worlds-most-admired-companies

    2
    The Worlds Most Admired Companies (WMACs)

    The ranking methodology:2


    1- The long-list start with about 1,400 companies: the Fortune 1,000the 1,000
    largest U.S. companies ranked by revenue and non-U.S. companies in
    Fortunes Global 500 database with revenue of $10 billion or more.
    2- Create the 57 industry lists, in order to achieve that Korn Ferry Hay Group
    asks executives, directors, and analysts to rate companies in their industry
    on nine criteria, innovation, people management, use of corporate assets,
    social responsibility, quality of management, financial soundness, long-term
    investment value, quality of products and services, and global
    competitiveness
    3- A companys score must rank in the top half of its industry survey to be
    listed.
    a. Because of weak the distribution of responses, only the aggregate
    industry scores and ranks are published in Energy; Forest and Paper
    Products; Mining, Crude-Oil Production; Pipelines; Temporary Help;
    Trading Companies; and Wholesalers: Diversified.
    b. Because of an insufficient response rate, the results for companies in
    Health Care: Pharmacy and Other Services and Wholesalers: Food and
    Grocery are not reported.
    4- Then, Hay Group asked the 3,920 respondents to select the 10 companies
    they admired most from a list made up of the companies that ranked in the
    top 25% in last years survey, plus those that finished in the top 20% of their
    industry.
    There is take on the ranking, because anyone can vote for any company in any
    industry, which is why some results may seem anomalous.

    For example, Southwest Airlines ranks No. 9 on the overall Most Admired list, far
    ahead of No. 48 Delta. But within the airline category, based on industry
    experts responses, Delta leads the ranking, and Southwest is the seventh Most
    Admired company.

    2 (Korn Ferry Hay Group, 2015)

    3
    The Worlds Most Admired Companies (WMACs)

    The most recent list:


    3
    In 2017, Fortune magazine listed the most admired companies as follows:

    1. Apple: is an American multinational technology company headquartered


    in Cupertino, California that designs, develops and sells consumer
    electronics, computer software and online services.
    2. Amazon.com: is an American company electronic company and cloud
    computing company that was founded on July 5 th, 1994 by Jeff Bezos and
    is based in Seattle, Washington.
    3. Starbucks: is an American company and coffeehouse chain, Starbucks
    was founded in Seattle, Washington in 1971.
    4. Berkshire Hathaway Inc.: is an American multinational conglomerate
    holding company headquartered in Omaha, Nebraska.
    5. Walt Disney Company: is an American diversified multinational mass
    media and entertainment conglomerate headquartered at the Walt Disney
    Studios in Burbank, California.
    6. Alphabet Inc.: is an American multinational conglomerate founded on
    October 2nd, 2015.
    Founded by the two founders of Google, Larry Page and Sergey Brin, with
    Page serving as CEO and Brin as President.
    7. General Electric: often abbreviated as GE, is an American multinational
    conglomerate corporation incorporated in New York, and Headquartered in
    Boston, Massachusetts.
    th
    In 2011, GE ranked among the Fortune 500 as the 68 largest firm in the
    U.S. by gross revenue, and the 14th most profitable.
    8. Southwest Airlines: is a major U.S. airline, the worlds largest low-cost
    carrier, headquartered in Dallas, Texas.
    The airline has more than 53,000 employees as of October 2016 and
    operates more than 3,900 departures a day during peak travel season.
    9. Facebook.com: an American for-profit corporation and online social
    media and social networking services.
    10. Microsoft Corporation: an American multinational technology
    company headquartered in Redmond, Washington.

    3 (Business news AE english, 2012)

    4
    The Worlds Most Admired Companies (WMACs)

    Bibliography
    Business news AE english. (2012, 2 22). The World's Most Admired Companies List for 2017.
    Retrieved 26 2, 2017, from Youtube.com: https://www.youtube.com/watch?v=0Hea4Ifl9Ps

    Korn Ferry Hay Group. (2015, 7 18). fortune wmac 2014. Retrieved 2 26, 2017, from Korn Ferry
    Hay Group: http://www.haygroup.com/downloads/us/fortune%20wmac%202014.pdf

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