Why study the Most Admired Companies?
There is a logic to studying the Most Admired Companies because they financially outperform the rest of the market.
What does the World’s Most Admired Companies rankings examine?
The study examines nine attributes of reputation that make a company worthy of admiration.
What are distinctive characteristics of the Most Admired?
Distinctive characteristics of the Most Admired are their staying power and resilience through all stages of their business cycle.
What are the key principles followed by the Most Admired?
Hay Group has developed a robust understanding of organizations and has worked with companies to help improve performance by using the key principles followed by the Most Admired.
What are the cultures of the Most Admired?
Culture has to do with attributes that senior leadership would say are the things that they want to support, encourage and reward in an organization. Organizations need to tend to culture and use it as a support system for all other organization initiatives.
How similar or different are company cultures?
There is no culture that is best or most admired. There have been studies of companies in the past that achieve excellence but have very different operating styles. When working with what they have, they are able to differentiate themselves from the competition.
What is the benchmark of the Most Admired?
Hay Group conducts follow up research every year in different topics to back up our research in finding out who are the best and what differentiates Most Admired Companies from others. Hay Group's research allows companies to benchmark themselves against the Most Admired Companies profile. This information can be used to identify gaps in a company, prioritize issues and direct improvement efforts.
How does human resources bridge the gap?
There is a tremendous opportunity for HR to bridge the gap and bring clarity to the line managers and foster programs to help them develop skills that are currently absent.
Why do we study executives?
Every individual and every organization will have particular strengths. Hay Group has found some surprises with the executives we have studied as well as results that prove which individuals are most effective.
What is Hay Group's interest in quality management?
This attribute is one with implications on leadership. Over time, we have recognized on a ten point scale, most companies had a differential in terms of their assessment of their management versus peer companies.
What is one on one coaching?
One on one coaching has no boundaries and employees and executives can benefit by having a personal coach, one that is seated outside the organization that can help someone reflect on how they behave in certain situations.
What are the specific terms around attraction?
There is word of mouth about a company and its brand. There is word of mouth by its workforce on how it is to be an employee at the company. The better a company is, the easier it is for that company to attract talent.
How do cultural influences deliver on strategy?
If a business feels the need or desire to take a different approach to the market or change its operating model, then it may mean that a culture needs to change in order to suit that strategy.
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