Each year, there are various “best” company recognitions. Despite COVID-19, 2020 is no different. Below, we look at the Wall Street Journal 2020 best-managed firms.
Earlier this year, we presented these two articles. Best Employer 2020 Rankings. And Exceptional Workplace Award.
The Top 250: Wall Street Journal 2020 Best-Managed Firms
Based on these factors, the Wall Street Journal annually ranks firms:
The Management Top 250 ranking uses a holistic measure of corporate “effectiveness.” It was developed by the Drucker Institute, a part of Claremont Graduate University in Claremont, Calif. “Effectiveness” is defined as “doing the right things well.”
The ranking includes U.S. firms trading on the New York Stock Exchange or Nasdaq Stock Market. And that meet criteria, described below, related to their value and prominence. The measure assesses how well a company follows a core set of principles advanced by the late Peter Drucker. He was a professor, consultant, author, and longtime Wall Street Journal columnist.
These principles serve as touchstones for five dimensions of corporate performance. Customer Satisfaction. Employee Engagement and Development. Innovation. Social Responsibility. Financial Strength.
During 2020, a pandemic devastated large swaths of the U.S. economy. And it reconfigured the ways millions of Americans shop, work, communicate, and learn. Nonetheless, tech stalwarts remain at the top the Management Top 250. In the 2020 lineup, Microsoft unseated Amazon.com as number 1. Why? By performing consistently well across each of the five main components of the overall ranking.
To access the full 250 list of 2020 firms, click here. For the top ten, view the following chart.