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Fortune Magazine Names Posco as World’s Most Admired Steel Company
03/17/2011 - Posco was selected as the most admired steel company by Fortune magazine, ranking first among metals companies in five of nine categories including innovation, HR management, managing ability, financial health and long-term investment.
Posco was selected as the most admired steel company by Fortune magazine.
Fortune magazine hosted a survey on the world’s most admired companies for 2011. Leading international experts and business leaders participated in the survey, and the results were used to select 350 leading companies by industry including metals, aviation, chemicals, electronics, etc.
Fortune magazine evaluated 667 companies from 32 countries worldwide, based on 9 categories including innovation, financial health, social responsibility and managing ability.
Fortune magazine hosted a survey on the world’s most admired companies for 2011. Leading international experts and business leaders participated in the survey, and the results were used to select 350 leading companies by industry including metals, aviation, chemicals, electronics, etc.
Fortune magazine evaluated 667 companies from 32 countries worldwide, based on 9 categories including innovation, financial health, social responsibility and managing ability.
Posco received a score of 7.21, ranking first in the metals field in 5 out of the 9 categories, including innovation, HR management, managing ability, financial health and long-term investment. Posco also ranked second in 3 categories: corporate asset utilization, social responsibility and product & services.
Accordingly, Posco climbed the ranks from the fifth place last year to the first place this year. The world’s largest steel company, ArcelorMittal (6.96) was ranked No. 2, while ThyssenKrupp (6.94) was ranked No. 3, Alcor (63.1) was No. 4, and Nippon Steel Corp. (6.69) was No. 5.
In electronics, Samsung Electronics was ranked No. 2 following GE, while Hyundai Automobile was ranked No. 4 behind BMW, Volkswagen, and Daimler. KOGAS was ranked No. 4 in the energy field behind RWA, Plains All American Pipeline and Edison.
In addition, Apple was selected the world’s most admired company. This ranking was the result of entrepreneurs and analysts selecting the “Top 50” from the top 20% of companies in each industry and the top 25% companies from last year’s ranking. This marks Apple’s fourth consecutive year of being No. 1.
Second was the world’s largest search engine company Google, followed by Warren Buffet’s Berkshire Hathaway, Southwest Airlines known for their “fun management,” and consumer products maker P&G. Coca-Cola, Amazon.com, FedEx, and Microsoft were also ranked in the top 10.
Fortune magazine has been selecting and announcing the World’s Most Admired Companies each year since 1997. Posco has been ranked among this list since 1999, consistently receiving high scores for its innovation, sustainable growth and social responsibility.
Accordingly, Posco climbed the ranks from the fifth place last year to the first place this year. The world’s largest steel company, ArcelorMittal (6.96) was ranked No. 2, while ThyssenKrupp (6.94) was ranked No. 3, Alcor (63.1) was No. 4, and Nippon Steel Corp. (6.69) was No. 5.
In electronics, Samsung Electronics was ranked No. 2 following GE, while Hyundai Automobile was ranked No. 4 behind BMW, Volkswagen, and Daimler. KOGAS was ranked No. 4 in the energy field behind RWA, Plains All American Pipeline and Edison.
In addition, Apple was selected the world’s most admired company. This ranking was the result of entrepreneurs and analysts selecting the “Top 50” from the top 20% of companies in each industry and the top 25% companies from last year’s ranking. This marks Apple’s fourth consecutive year of being No. 1.
Second was the world’s largest search engine company Google, followed by Warren Buffet’s Berkshire Hathaway, Southwest Airlines known for their “fun management,” and consumer products maker P&G. Coca-Cola, Amazon.com, FedEx, and Microsoft were also ranked in the top 10.
Fortune magazine has been selecting and announcing the World’s Most Admired Companies each year since 1997. Posco has been ranked among this list since 1999, consistently receiving high scores for its innovation, sustainable growth and social responsibility.
