Top 10 Best Performing Companies to Work For

1 2

When you spend time in a high-performing business, you know that you are somewhere special and in a place where you have long term stability. It is in the air. It is not some secret technology or technique, but it is the combination of various attributes that makes the company an exciting place.

High-performing companies have a simple, intriguing vision for how it will run in the future, one that resonates with employees, easy for everyone to understand. For example, Disney’s  vision is “To make people happy’” This vision is simple, evoking a sense of pride and purpose, measurable by the smiles of children everywhere, including in theatres, theme parks, at homes and in stores.

This list highlights the top 10 companies who consistently show exemplary performance. Their performance is rocketing despite bad economic trends. This article is not based on Fortune 500 ratings. It was creating using research and noting long term trends and improvements of each company.

If you receive a job offer after finding this article, be sure to comment on our blog. We love hearing success stories.

 

1. Wal-Mart:

This retail business outfit has been successful is retaining the top spot in the world’s largest companies. It has made advancement in its effort of becoming worker and environment friendly company. Despite a drop in sales, it revenues are increasing. Marvelously  it has ruled the Fortune 500 list for the second year in a row.

The total assets of Walmart as of the year 2011 were valued at $180 Billion with a net income of $15 Billion in the 2010/2011 fiscal year. Within the same time period, this corporation announced total revenues of approximately $422 Billion. The company has registered rapid growth since its inception, especially after the year 200. This rapid growth and expansion has had both beneficial and detrimental effects from different kinds of perspectives.

Why the growth?

a) Improved Corporate Governance: Exemplary corporate governance has played an important part in Walmart success. Mike Duke is the current president and Chief Executive officer of the corporation. At Walmart, he’s envision a company, where all employees are referred to as associates and not employees. This has immensely helped in helping the associates feel in the right place and proud to work at Walmart.

b) Strong Foundation: Walmart’s success starts with a strong foundation that was laid by its founder, Sam Walton. He had a strong value for other people’s opinions and he always had time to listen; this is what made him a good leader. Another outstanding characteristic of Sam Walton was that he carefully chose among these ideas and then put them into practice.

c) Discounts: Discounts have been part of Walmart’s retail experience since its founding in 1962. Most competitors of Walmart have found it a challenge to compete with its unique discounts on all sorts of products.

d) Corporate Social Responsibility: Walmart is well-known for be largely active and in giving back to the community. Through its corporate social responsibility strategy, Walmart has created numerous programs that are geared towards enhancing the well being of the community and the people living in it.

 

2. Exxon-Mobil:

A joint project propelled the company to second spot. Exxon-Mobil signed a $5 Billion landmark deal with Sinopec and Saudi Aramco for the expansion of a petrochemical venture in China. It has also recently signed a joint venture with Qatar and an offshore well in Russia in its drive for alternative energy. The company was ranked # 2 by Forbes in 2011.

As one of the largest company in the oil and natural gas sector, ExxonMobil is an exemplary, high-performing company that has successfully executed vertical integration to increase its market share, sales revenue and its profitability as a company.

It can be seen that with effective execution of vertical integration and moving beyond the traditional market and boundaries, Exxon-Mobil has become a success story. The start up of major eight upstream projects during 2008 attests to the fact that despite the global economic recession, Exxon-Mobil has been able to keep a stable performance. Much of the credit can be given to the strength of the long term business model that Exxon-Mobil adopted recently.

At the core of their beliefs, Exxon-Mobil asserts that with careful planning and proper use of resources, diversification can be an added advantage to any company.

 

3. Chevron:

Chevron is the leader in offshore drilling which has several ongoing oil exploration projects including that in Tahiti. Now the company has to deal with Nigeria and the hostilities from terrorists. In February of 2011, it acquired Atlas Energy, a natural gas operation.

 

4. ConocoPhilips:

The Company is the 4th best company according to Forbes in 2011. It has improved since 2009, when it ranked 8th. Stocks rose 40% in 2011 with planned assets worth over $15 billion in the subsequent 18 months.

 

5. Royal Dutch Shell:

Amidst the global wide energy crisis, Royal Dutch Shell has been able to make strategic moves to ensure the company’s position in the future moving on to bigger stakes in Alberta, Canada and Qatar.

Developing talent is important to Shell. The name is a pseudonym for a group of companies operating in some 130 countries and employing more than 100,000 people, Shell depends on the effective leadership and management in every one of its businesses. Developing outstanding HR talent in supporting these businesses is a key element of its HR strategy that Shell has implemented very well in the last decade.

The companies under Shell have one big aspiration  and that is to ensure that its key people processes reflect the company’s best practice. However, the head of its HR functional excellence team, Rick Brown, believed that in some areas, the Shell approach would benefit from an external perspective in understanding the most important elements of a performance that differentiated the best organization from its peers.

 

1 2


About The Author