WOW! Multiple Minnesota Companies Made It To Fortune’s Most Admired In The World List
Man, it is a great day to be a Minnesotan, but an even better day to be a Minnesota-based company!
Fortune Magazine released its annual ‘Most Admired Companies' this past week and to our surprise, many U.S. companies, including many from Minnesota made it to the list of the 324 most admired companies from around the world!
To determine the best-regarded companies, Fortune’s methodology includes asking executives, directors, and analysts in 52 industries, to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent.
Of course, some of these rankings are not a surprise, but here is the 2023 rank on the 10 most admired companies in the world:
- Berkshire Hathaway
- JPMorgan Chase
- Walt Disney
- Costco Wholesale
- American Express
According to Fortune, “For the 16th consecutive year, Apple finishes first in our annual ranking of corporate reputation, based on a poll of some 3,700 corporate executives, directors, and analysts.” Holy cow!
Also, Fortune shares a little fun fact: “Netflix fell from No. 9 to 29 as fierce competition dented its historic dominance in streaming.” I feel like that has to take a lot, but hey, with the streaming service industry getting so intense it makes sense with recent news.
Now, here is where a whole 12 Minnesota Based Companies landed on the most admired list:
- Target (#21)
- 3M (#30)
- Best Buy (#85)
- H. Robinson (#96)
- Ecolab (#134)
- Fastenal (#145)
- General Mills (#151)
- Hormel Foods (#164)
- Patterson (#229)
- S. Bancorp (#294)
- UnitedHealth Group (#299)
- Xcel Energy (#320)
10 of the companies on the list also made last year's. This year included Hormel Foods and Patterson.
See Also: See Where Minnesota Lands in the 2023 Best States to Retire List
Bring Me The News released an article about the rankings and shared some fun little facts about our home-based companies:
As noted earlier within the methodology, executives and directors rated enterprises in their own industries. Some Minnesota companies were named the top in their industries. This includes Target, who ranked #1 in general merchandisers, Ecolab ranked #1 in chemicals, Bancorp was #1 in superregional banks, and UnitedHealth Group was #1 in health insurance and managed care (despite Americans having a negative view of the health care industry).
All information is credited to fortune.com and bringmethenews.com.