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Thursday, December 20, 2007

Fortune: Top Companies for Leadership and Why.

After an study of over 550 companies around the world, Fortune, in collaboration with Hewitt Associates and RBL Group ranked the best companies in the world and why they were so good for leaders. Here’s the list of the top ten and reasons why:

  1. General Electric: Take leadership on the road. Training takes place not only at their famous Crotonville training facility but also online around the world.
  2. Proctor and Gamble: Hire for emotional intelligence: P&G looks for people with the social skills to understand customer needs.
  3. Nokia: Create a mentoring mentality: Top execs at Nokia are evaluated on how their subordinates rate the ability to lead, teach and inspire.
  4. Hindustan Unelever: Place the right leaders in the right jobs. They rank leaders by color (green-highest, amber, and red) and provide leadership development based on rankings.
  5. Capital One Financial: Coach your managers: More than half their managers get a coach for a year to help hone their leadership skills.
  6. General Mills: Prepare to solve problems. They assemble diverse teams to compete on solving real world simulations.
  7. McKinsey: Groom global talent. With business in 45 countries, McKinsey insists on global cross pollination through assignments in different countries. PS…they have no “headquarters.”
  8. IBM: Learn through integration. IBM has acquired 69 companies in the last 7 years and has a massive corporate integration initiative underway to make it more effective and efficient.
  9. BBVA: Apply peer pressure. Spain’s second-largest bank, uses peer reviews as a way to ensure they promote leaders who are participatory and not coercive.
  10. Infosys Technologies: Empower your employees. This Indian IT corporate leader actively solicits the ideas from their 20-somethings by creating a group of them called, Voices of Youth and gives them a seat at the company’s management council.


(Source “The Top Companies for Leaders,” Doris Burke, et al, Fortune, October 1, 2007, Vol. 156, NO.7, pp 109-114)

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