On an annual basis, Fortune releases a list of the world’s most admired companies, and, as has been the case for a decade now, Apple’s name takes the crown.
Apple has been named the publication’s “Most Admired Company” in the world. Another notable name on the list? Samsung. However, the company’s exploding battery incident with the Galaxy Note 7 at the tail-end of 2016 led to too big of an impact with the company’s sales and reputation to keep it within the Top 50.
Here’s how the publication figures out the standings, as explained by Fortune:
“As we have in the past, Fortune collaborated with our partner Korn Ferry Hay Group on this survey of corporate reputations. We began with a universe of about 1,500 candidates: the 1,000 largest U.S. companies ranked by revenue, along with non-U.S. companies in Fortune’s Global 500 database that have revenues of $10 billion or more.
We then winnowed the assortment to the highest-revenue companies in each industry, a total of 680 in 28 countries. The top-rated companies were picked from that pool of 680; the executives who voted work at the companies in that group.
To determine the best-regarded companies in 51 industries, Korn Ferry Hay Group asked executives, directors, and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. A company’s score must rank in the top half of its industry survey to be listed.”
Here are the top 9 results this year:
- Berkshire Hathaway
- General Electric
- Southwest Airlines