American tech companies are a some of the most effectively managed businesses in the world, according to a new landmark system that ranked the top 250 companies.
Even though Apple is the world’s most profitable company, the rankings found that Amazon is actually the most efficiently run business. But Apple follows at a close second.
The inaugural Management Top 250 rankings are based on the teachings of business guru Peter Drucker. Instead of looking at just profits, the Drucker Institute’s rankings take a more holistic approach. The institute ranks businesses based on performance in customer satisfaction, innovation, social responsibility and financial strength.
Amazon and Apple came in first and second, while Google followed in third. Microsoft, Cisco and Nvidia also cracked the top 10. Non-tech companies included Johnson & Johnson (which placed fourth), Procter & Gamble (sixth) and 3M (eighth).
The institute studied 608 U.S. businesses and ranked them based on 37 specific metrics. Market-share data, patent applications and even employee ratings on Glassdoor were part of the criteria.
Even though Amazon ranked No. 1, it didn’t perform well in all categories. It scored in the bottom 20 percent of companies when it comes to social responsibility. Meanwhile, Apple and Alphabet scored in the top 15 percent to 20 percent in all categories.