The recent list released by Fortunes’ of the most admired companies in the world showed that for the 9th consecutive year, Apple has been maintaining its No1. Position. The parent company of Google – Alphabet stood 2nd. While No 3 spot was grabbed by Amazon. The distillation process of the Fortune’s list includes the top biggest 1000 US companies and also the database of the 500 companies globally. In order to make the decisions and come up with a decision, as well as for rating the companies, there was a group that was put into place by Korn Ferry Hay Group, which is the survey partner of the company.
The group consisted of directors, executive’s analysts and other such people. This group had to score the different companies that fell within industries that were related to individual. There were 9 categories that had to be rate. Under various key categories like social responsibility, people management, innovation, each company gets a particular rank. An average score is then given to the company which helps to decide its position in the list. The top ranking company, Apple, scored 8.6 this year. It is said that it had the highest score in all the key attributes.
As per a comment made by the Fortune, it stated the corporate America had a new standard ‐ AAA, the 1‐2‐3 punch of the most loved companies Apple, Google’s Alphabet as well as the best known e‐commerce business, Amazon. It also went on to say that the Most Admired Companies list, for the 4th time is one which has the Top 50 companies including the trio of tech giants are all companies which are less than 40 years old. Even tech stalwarts like Facebook ranking 14th place, Salesforce at No.34 and even the comeback to the Top 50, at 19th place Netflix makes its place.
