Who has topped this year?
This year, Procter & Gamble topped the list, followed by Microsoft, General Electric and Coca-Cola, in the global ranking.
Who has topped the list of Asia’s Best Companies for Leadership?
In the Asia list of the Best Companies for Leadership, Samsung has topped the charts, followed by Toyota, Unilever, and Indian giant Tata rounding off the top four.
Study examines how Best Companies for Leadership nurture talent and foster innovation in their ranks
Find out more: http://bit.ly/1a60Rmt
Goldman Sachs. HSBC. American Express. Citigroup. JP Morgan Chase.
Over the years, these and other blue-chip financial services companies have earned a place among the top 20 Best Companies for Leadership. In fact, there has been at least one financial services company among the top 20 every year Hay Group has conducted the study – until this year.
That may not be entirely surprising. Firms are still struggling to engineer their recovery from the most severe financial crisis in a generation. As part of the aftermath, government control and regulation have been substantially strengthened around the world, particularly in Europe and North America. At the same time, virtually all firms have tightened their internal risk management processes.
In the face of these difficulties, sector leaders and observers are divided as to the best way to navigate through the turbulence, and position financial organizations to take advantage of opportunities when the climate improves. Some believe the current situation is an extreme instance of a normal dip in the long-term business cycle. Others, including the financial services team at Hay Group, believe that both the rules of the game and the game itself have changed fundamentally and irrevocably. In this view, the way forward requires fundamental changes in the way companies do business.
Results of the 2011 Best Companies for Leadership study suggest that the financial services firms are now lagging behind the top companies in all these dimensions:
There is some good news, however: in their leadership development practices, financial services organizations do rank higher than the survey average. For example, financial services companies rank significantly higher than all companies in the survey in actively managing a pool of successors for mission-critical roles, and in giving people at every level the opportunity to develop leadership capabilities. These practices create a foundation that resourceful leaders can build on.
Firms with such leaders will be best positioned to prosper when economic climates return to more positive and uniform growth – and undoubtedly the organizations that will lead the industry back into the ranks of the Best Companies for Leadership.
In an uncertain and uneven global business environment, everyone agrees that companies must innovate to survive. The Best Companies for Leadership follow four business practices that support meaningful innovation and drive market leadership.
Leading companies have recognized that meaningful innovation requires a long-term commitment to a disciplined approach. They have focused their efforts on creating a culture of innovation: an environment throughout their organizations that invites and supports innovation and allows new ideas to flourish. the practices followed by the best cos. enable and encourage innovation that matters - and any business can follow their lead and make innovation easier: