General Electric (GE) is the World’s Most Admired Company for 2007, according to Fortune magazine, and created history for taking the top spot for 6 times in 8 years. The research was done by Fortune research partner, Hay Group, which surveyed financial analysts and executives and directors at 347 companies with revenue in excess of $8 billion. Respondents were asked to rate companies in their industry on nine attributes using a ten-point scale, with ten the highest score.
Starting its Malaysia operation in 1975, General Electric today manages several major manufacturing and service facilities, as well as working closely with local infrastructure providers that includes TNB (Tenaga Nasional Berhad), Petronas, KTM and other authorities and providers. To know more about GE Malaysia, visit General Electric Malaysia website.
Jack Welch, former CEO of GE is considered as the one man responsible to propel General Electric to what it is today. Under his leadership between 1981 to 2001, General Electric increased its market capitalization by USD400 billion, making it the 2nd largest in the world. However, things did not start well for Jack, who joined GE as a junior Engineer and almost quit GE a year later. He was frustrated and displeased with the salary increase after working there for 1 year. A higher executive who realized Jack’s potential persuaded him to stay, and the rest now is history. Jack Welch will be remembered as one of the most successful CEOs of all time.
2nd behind General Electric in the World’s Most Admired Compay is Toyota. After disposing off General Motors from its top position as the world’s largest automaker, Toyota continues to impress and add more accolades. The award is the 2nd major award in the recent time after also taking 2nd place behind Sony in Asia Pacific’s Brand Channel Reader’s Choice Award.
3rd is Procter & Gamble (P&G), one of the largest FMCG (Fast Moving Consumer Goods) companies in the world. Procter & Gamble owns more than 20 prominent household brands including Braun, Duracell, Gillette, Head and Shoulders and Wella. This is followed by another FMCG competitor, Johnson & Johnson, which is famous with brands such as Johnson Baby products, Neutrogena, Clean and Clear and Acuvue.
Other popular companies that made it to the top 10 lists are Apple, Microsoft, PepsiCo, FedEx and BMW.
The top 10 World’s Most Admired Companies:
- General Electric
- Procter & Gamble
- Johnson & Johnson
- Berkshire Hathaway