Fortune magazine is out with its annual list of the world’s most admired companies.The survey was conducted across 4,100 executives,directors,and analysts.Little wonder it is that Apple tops the list.Google is at second place, although the gap between the top 2 is considerable.
In a world under the impact of the global recession, trust and integrity took on the role of being durable assets with a financial payoff. Toyota did manage to be in the Top 10. At number 7, it is the most admired foreign company in the list. You may wonder why? The survey was completed in the fall and winter-before Toyota hit the nadir in January 2010. My bet is Toyota won’t find a place in the All Star list next year.
Another interesting facet of the list is the increasing presence of Internet retail and services firms which have tripled, with Amazon(No. 5) and eBay(No.40) joining the list this year. This shows another aspect of trust:how comfortable consumers have become with the internet.
As Warren Buffet told Fortune:” You can’t do it in a day or week or month. You do it one grain of sand at a time.And you can destroy it fast,but you build it slowly”. Wise words from the Oracle of Omaha.
So, here’s my question. Which are the Indian companies that you admire the most? And why?
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A lovely article! Yes, internet and service firms are showing as much, and maybe even slightly more, predictive rates of growth as the outsourcing business catching on in India. Wipro is a company I really admire, for its honesty and integrity in its functioning and for the simplicity and humaneness they show in every aspect of business, both internal and external. Wipro according to me is a great mix of Indian traditional values being presented with a modern youthful flavour !
Krishna, among Indian companies,
I admire ICICI for the huge representation of women in senior management. During a TiE meet, one speaker who was previously in ICICI said that this representation of women is not just confined to senior management – it is across
So I admire ICICI for creating an enabling environment for women to do well.
But the paradox is: I am an ICICI customer and I hate their customer service.
So go figure!!
Two companies I admire a lot are 1. Reliance ( the original Dhirubhai Ambani version) for its vision, imagination and guts and showing India the way in building global scale companies.
2. Infosys, for showing professionals like me that you can build a business from scratch through laser focus and unlimited aspirations. Also for becoming a global brand relying mostly on thinking rather than by spending huge money.