Fortune Names The World’s ‘Most Admired’ Companies Of 2022
Amid growing skepticism, Big Tech continues to draw fascination across industries. However, the past year has seen an upswing in respect for the health sector too, helped by dramatic efforts in the treatment of COVID-19.
On Wednesday, Fortune magazine announced its 2022 list for the World’s Most Admired Companies. The research, compiled with organizational consulting firm Korn Ferry, encompasses insights from 3,700 corporate executives, directors, and analysts in 52 industries based on nine criteria, including “investment value and quality of management and products to social responsibility and ability to attract talent.”
The usual suspects, Apple, Amazon, and Microsoft, topped the ranking respectively for the third year running. Encouragingly, more firms on the medical front lines are being revered as “All-Stars.” These include Pfizer—the co-developer of one of the best COVID-19 vaccines—which shot up to fourth-place despite never having appeared in the peripherals of multiple industries previously; and Danaher—inventor of COVID tests and drug-development equipment—which made its top-50 debut on the 37th spot.
The top 10 all-stars are as follows:
1. Apple
2. Amazon
3. Microsoft
4. Pfizer
5. Walt Disney
6. Berkshire Hathaway
7. Alphabet
8. Starbucks
9. Netflix
10. JPMorgan Chase
Apple, which momentarily became the world’s first trillion-dollar company early this year and has sustained its place in the number-one spot on Fortune’s list for the 15th consecutive year, is lauded by industry experts for its emphasis on quality, product design, talented personnel, and consistent financial position. Its role in innovation is expected to grow, too—the company is reported to be expanding into mixed reality as a major category, and it’s also purportedly working on a car. Most recently, it has made day-to-day life more accessible for iPhone users by enabling Face ID that works with face masks.
Despite having swept up some controversy regarding the way it treats employees, Amazon ranked first in innovation. Its cashier-free, ‘Just Walk Out’ technology has been replicated by other grocery stores. The company is also working with Verizon to bring satellite broadband to rural areas. Its association with the Jeff Bezos-led space company Blue Origin hasn’t hurt its reputation for out-of-the-world invention either.
Microsoft, whose Teams software has helped connect the workforce in the era of remote and hybrid work, is praised for its excellent management quality under the leadership of CEO Satya Nadella, who took over the role in 2020.
Disney, which placed fifth on the overall ranking, reigns as the leader of the entertainment industry for the 19th year in a row. In the last few years, it has ensured to bring more representation to its programming. Not to mention, the Disney+ streaming platform—a victor in a time when theaters are seeing a decline in business—will continue to solidify its position in the realm of entertainment.
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You can explore the full report of World’s Most Admired Companies here.
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[via Fortune, cover image 176589934 © Info849943 | Dreamstime.com]
