An Overview of Corporate Finance and the Financial
by MaestriIn a beauty contest for companies, the winner is . . . General Electric.
Or at least General Electric is the most admired company in America, according to Fortune magazine’s annual survey. The other top ten ?nalists are Cisco Systems,Wal- Mart Stores, Southwest Airlines, Microsoft, Home Depot, Berkshire Hathaway, Charles Schwab, Intel, and Dell Computer.What do these companies have that separates them from the rest of the pack?
According to more than 4,000 executives, directors, and security analysts, these companies have the highest average scores across eight attributes: (1) innovativeness, (2) quality of management, (3) employee talent, (4) quality of products and services, (5) long-term investment value, (6) ?nancial soundness, (7) social responsibility, and (8) use of corporate assets.
These companies also have an incredible focus on using technology to reduce costs, to reduce inventory, and to speed up product delivery. For example, workers at Dell previously touched a computer 130 times during the assembly process but now touch it only 60 times. Using point-of-sale data,Wal-Mart is able to identify and meet surprising customer needs, such as bagels in Mexico, smoke detectors in Brazil, and house paint during the winter in Puerto Rico. Many of these companies are changing the way business works by using the Net, and that change is occurring at a break-neck pace. For example, in 1999 GE’s plastics distribution business did less than $2,000 per day of business online. A year later the division did more than $2,000,000 per day in e-commerce.
Taken From : Five-Minute MBA – Corporate Finance
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