Apple-World’s Most Admired Company

According to Fortune Magazine and Hay Group, Apple has been announced World’s Most Admired Company (WMAC) of the year 2012. This study has been taking place every year for 15 years now and Apple is the top favorite in the 15^th annual World’s Most Admired Companies study.

The list takes apple on top and it follows with following companies;

• Google
• Amazon
• Coca-Cola
• IBM
• FedEx
• Berkshire Hathaway
• Starbucks
• Procter & Gamble
• Southwest Airlines

The 2012 WMAC’s report has uncovered four important qualities that have lead to the success of the companies in the list. “Over the past 15 years, we have seen the composition of the world’s most admired companies list change, but the attributes that enable those companies to excel have remained the same” Said Anand Shankaran, the Hay Group head of consulting.

The companies on top of the list are also the most successful as they devoted time to create their company’s objectives, long term goals and they had taken a strategic plan into practice. These companies are known for building a strong structure and process in order to have a long term performance.

WMAC’s control their global reach and remain successful while they give their local business units enough flexibility to create products and services according to the local market needs. WMACs follow things such as reward programs, promotion and they create opportunities, which is why they are admired and they are most successful.

Here are the world’s most successful companies as well as most admired: -

1. Apple
2. Google
3. Amazon.com
4. Coca-Cola
5. IBM
6. FedEx
7. Berkshire Hathaway
8. Starbucks
9. Procter & Gamble
10. Southwest Airlines
11. McDonald’s
12. Johnson & Johnson
13. Walt Disney
14. BMW
15. General Electric
16. American Express
17. Microsoft
18. 3M
19. Caterpillar
20. Costco Wholesale