Hay Group, the global management consulting firm, recently released its seventh annual Best Companies for Leadership Study, identifying the global Top 20 and Asia’s Top 10 best companies for leadership and examining how those companies nurture talent and foster innovation in their ranks. This year, General Electric topped the global list, followed by Procter & Gamble, IBM, Microsoft and Coca-Cola.
Amongst the notable observations – Tata Group , is the only Indian company on the list from Asia’s Best Companies for Leadership.
Top 10 Best Companies for Leadership in Asia (2011)
1. Samsung Group
2. Toyota Motors
3. Unilever
4. Nestlé
5. Tata Group – The only Indian company in the list.
6. IBM
7. Sony Corporation
8. Proctor & Gamble
9. The Coca-Cola Company
10. PETRONAS
According to Hay Group’s study, the Best Companies for Leadership (BCL) create workplace environments and processes that enable innovation to thrive. In fact, nearly all of the Asia Top 10 companies (90 percent) reported that their leaders regularly celebrate innovation, compared to just 59 percent of other companies. In addition, 84 percent of the Asia Top 10 companies reported that ideas from subsidiaries are just as likely to be implemented as those from headquarters, compared to only 63 percent of other companies.
Source: HayGroup