Los Angeles, January 31, 2024–(BUSINESS WIRE)–Korn Ferry (NYSE:KFY), 27 companiesth In partnership with luck Listed on the World’s Most Admired Companies (WMAC) list. The list was published today.
Korn Ferry and Fortune analyzed 660 companies representing 29 countries and 52 industries and surveyed more than 3,720 executives to understand the effectiveness of companies and their talent in doing business globally. We measured reputation based on nine different attributes, including the company’s ability to attract, develop, and retain customers, and its value as a company. long-term investment, innovation, wise use of corporate assets, and responsibility for our communities and the environment.
The World’s Most Admired Companies are defined as those that are in the top half of their industry in terms of overall reputation, while their peers score in the bottom half. Additionally, there is a Top 50 All-Star list across all industries.
While the overall All-Star top 10 remained largely unchanged compared to 2023, several new companies entered the ranking’s top 50 in 2024. These startups earned their place on the list due to widespread confidence in their effectiveness, innovation, and soundness in operating globally. Financial status. His three industries — general supermarkets, megabanks, and pharmaceuticals — tied for the top spot with four companies each.
All-Star’s highest scoring attributes were financial stability, quality of products and services, and quality of management.
“It’s perhaps no surprise that financial health is a top priority, especially in the current climate,” said Mark Royal, senior client partner and employee engagement specialist at Korn Ferry. says. “Indeed, management is placing special emphasis on stability at a time when organic growth is becoming harder to find in an uncertain economic and political climate. The result is a picture of stabilization. I’m drawing.”
“Quality remains important,” said Laura Munson Smith, global leader of organizational strategy consulting at Korn Ferry. Product/service quality and management quality are highly correlated with financial health and are consistently cited by WMAC executives and directors as the number one factor in improving a company’s overall reputation year after year. It is being “It’s not just about financial performance, it’s about fostering a culture that fosters growth, values talent, and where individuals work together to drive the company to excellence.”
Additional data examining the talent strategies and growth measures implemented by the world’s most admired companies will be published next month.
About Korn Ferry
Korn Ferry is a global organizational consulting firm. We work with our clients to design the optimal organizational structure, roles and responsibilities. We help companies hire the right people, advise them on how to reward and motivate their employees, and develop experts to help them navigate and advance in their careers.
About Fortune
Fortune has provided award-winning writing and trusted reporting for executives looking to improve their businesses. Independently run and with a global perspective and digital agility, Fortune tells the stories of a new generation of innovators, builders and risk-takers. Fortune magazine uses rigorous benchmarks online and in print to measure company performance and hold companies accountable. Fortune convenes true thought leaders and iconoclasts—the people shaping industry, commerce, and society—through our powerful and prestigious lists, events, and conferences, including the iconic Fortune 500, CEO Initiative, and Most Powerful Women. By doing so, we are building a community. For more information, visit fortune.com.
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