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2010 Executive Tidbits
IBM, P&G, General Mills, McKinsey, and McDonald's have the best manager training programs according to Fortune 2009. |
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Check out Keith's other site:
Virtual Writing Coach |
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The
Executive Connection SM
a publication of The Virtual Executive
Coach SM
"Vision + Accountability = Success!"
www.virtualexecutivecoach.com
April, 2009
In This Issue:
1. Preview
2. Executive Summary
3. World's Most Admired Companies
4. Helpful Hints
1. Preview
The Executive Connection explores the creative and analytical
process of business development, team-building, and executive
development. We are an interactive community of executives
and small business owners who desire to network with like-minded
high-performance executives to enhance our knowledge,
skills, and aptitudes in the competitive business world.
Published monthly, the Newsletter offers coaching suggestions
around the topics of: business development, financing,
marketing, networking, incorporations, mergers, human
resources, governmental regulations, and tax laws. Topics
are presented from the perspective of Keith Barton and
represent only his ideas on creating and running your
business.
Because we are an interactive community of executives
and business owners, other viewpoints are welcomed and
may be printed in future monthly newsletters with permission
from Keith Barton.
2. Executive Summary
April, 2009
Dear Executive Connection Subscriber,
This month's newsletter features: World’s Most Admired
Companies
3. World's Most Admired Companies
Fortune magazine (March, 2009) has come out with the world's most admired companies.
In the past they concentrated on U.S. companies but with global markets and economies their latest
list attempts to rank companies on a level playing field.
Here are the rankings:
| 1.
Apple |
18.
3M |
35.
Caterpillar |
| 2. Bershire Hathway |
19. Target |
36. Intel |
| 3. Toyota Motor |
20. JP. Morgan
Chase |
37. Marriott |
| 4. Google |
21. PepsiCo |
38. Nestle |
| 5. Johnson &
Johnson |
22. Costco |
39. Sony |
| 6. Proctor &
Gamble |
23. Nike |
40. Boeing |
| 7. FedEx |
24. Nordstrom |
41. Deere |
| 8. Southwest
Airlines |
25. Exxon Mobil |
42. Nokia |
| 9. General Electric |
26. Bank of America |
43. Northwestern
Mutual |
| 10. Microsoft |
27. UPS |
44. Best Buy |
| 11. Wal-Mart |
28. BMW |
45. General Mills |
| 12. Coca-Cola |
29. American
Express |
46. Toyota Industries |
| 13. Walt Disney |
30. HP |
47. Lowe's |
| 14. Wells Fargo |
31. Cisco |
48. AT&T |
| 15. Goldman Sachs |
32. Honda Motor |
49. Accenture |
| 16. McDonald's |
33. Singapore
Airlines |
50. Samsung |
| 17. IBM |
34. Starbucks |
|
It's interesting that only two banks made the top 50: Wells Fargo and Bank of America.
With all the concern about AIG and the latest bank bailouts Wells Fargo and BOA escaped
the subprime lending fiasco and their balance sheets look pretty healthy. Wells Fargo has
acquired Wachovia and BOA is now the largest bank in the world.
The one defining variable that keeps companies strong
during recessions is stability at upper management and
sticking to a long range plan. CEO Gary Kelly of Southwest
Airlines knows this better than anyone. For 38 years Southwest
concentrated on the continental U.S., flies only one aircraft
model (the 737), with a single class of service. The Hay
consulting group found that companies that change structures
far more often in search of the next best toy. Detroit
is an example with the gas guzzling SUVs at a time when
Europeans and Pacific Rim countries were concerned with
fuel efficiency and reduced maintenance costs. CEO stability
is another factor with Steve Jobs, Bill Gates, and Warren
Buffett heading up their companies for 20 years with a
specific succession plan. Companies who change CEOs when
balance sheets go south generally do not deliver a consistent
product to consumers or dividends to their stockholders.
Trust in U.S. business is lower today than after the Enron scandal and the dot-com bust. Consumer
confidence in autos, banks, and financial institutions continues to erode with more governmental
bailouts and interference. The AIG debacle is but a tip of the iceberg with executive pay run amuck
and lack of governmental regulatory authority. The back room con artist (aka Bernard Madoff) has been
replaced by large corporate America. Unless one thinks that I am proposing a socialist government to
regulate big business, I am asking that our existing governmental watchdogs (SEC, FDIC, Fannie Mae,
Freddie Mac, U.S. Treasury) do their jobs. I am asking that Congressional oversight committees do
their jobs. I am asking whistleblowers to do their jobs if they see corporate greed and corruption.
It's unconscionable that executives receive 50 million dollar bonuses when small businesses have to
lay off staff to survive.
Now, more than at any other time in history corporate culture is not as important as corporate
reputations. Corporations are now buying insurance to protect their reputations from abuse, fraud,
tax evasion, and corruption. It's not surprising that bankers now enjoy the reputation of a used car
salesman and trust in banks among 35-64 year olds has dropped from 69% to 36% in just the past year.
Our country has faced harder challenges before (the Great Depression of 1929 to 1935) and for every
challenge there are opportunities for the right companies to get it right. There's no better time than now.
Helpful Hints:
- Who's on your list of top 50 global companies and why?
- What lessons learned from Enron and the dot-com bust apply to now?
- When do you think the signs of our 2008 recession first
appeared and why? How long do you think it will take to get out of our economic recession and why?
SUBSCRIPTION INFORMATION
The Executive Connection SM is a free publication.
If you want to continue to receive this Newsletter, you
can SUBSCRIBE
by clicking here or by sending a blank email message
to keith_barton@att.net
with the words SUBSCRIBE TO THE EXECUTIVE CONNECTION in
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To
UNSUBSCRIBE click here or send a message to keith_barton@att.net
with the word UNSUBSCRIBE TO THE EXECUTIVE CONNECTION
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Be assured your name and email address are confidential.
We do not sell, rent or share our mailing list with anyone.
Contact Information:
Keith Barton, Ph.D.
Voice: 281-583-5005
Fax: 281-583-5008
Web: http://www.virtualexecutivecoach.com
E-Mail: keith_barton@att.net
(c) Copyright 2009, Virtual Executive Coach SM
and A. Keith Barton, Ph.D.
All rights reserved.
Distribution Rights:
The Executive Connection SM is copyrighted,
but you may retransmit or distribute it to whomever you
wish as long as not a single word is changed, added, or
deleted, including the contact information. However, you
may not copy it to a web site.
Republication of The Executive Connection SM
in paper media is encouraged and permitted by individuals,
organizations and associations, as long as the issue is
reprinted in its entirety, without change, and includes
the contact information.
With advance permission, we are happy to edit an issue
to fit your space requirements. Republication also is
encouraged under other circumstances. However, the advance
permission of
A. Keith Barton, Ph.D. must be obtained in the event that
changes in the text are desired.
The Executive Connection SM
Mission:
The Executive Connection SM is dedicated to
helping first-time business owners and executives to recognize
resistance to change, while they create and manage their
own businesses. My goal is to help you transform your
vision into a successful business venture with the addition
of accountability structures and silent partner.
The Executive Connection SM is a publication
of The Virtual Executive Coach SM and Keith
Barton, Ph.D.
We would like The Executive Connection SM to
be as interactive as possible. If you have feedback, comments,
topics you would like addressed, or can suggest additional
resources to benefit us all, please email us at any time.
Send your e-mail to keith_barton@att.net.
Please forward this issue to anyone you think would find
The Executive Connection SM interesting and
beneficial. Your recommendation helps us keep growing,
and ensures an excellent exchange of information and techniques.
Archives:
You can read previous issues of The Executive Connection
SM in our archive section.
About Keith Barton, Ph.D
Dr. Barton received his Ph.D. in 1972 from the University
of Texas at Austin and has been a practicing therapist
for over thirty years. He is a graduate of MentorCoach
and is accepting new clients.
He has been an adjunct professor at the University of
South Carolina, consultant to Fortune 500 companies in
executive development, founded and managed Texas Community
Living Ventures, Inc., in 1986 for providing group home
services to persons with mental retardation. Keith founded
and has been running a clinical practice in Northwest Houston since 1990.
He writes part-time with the goal of completing one novel
a year. His desire to coach others derives from his passionate
interest in helping others become attuned to their creative
powers of storytelling.
Dr. Barton has training in coaching, cognitive and family
therapy and health psychology. He has published articles,
made presentations and conducted workshops about:
Small Business Development
Employee Wellness Programs
Anxiety and achievement
Stress management
Self-esteem
Communication skills
Leadership styles
Core values in the workplace
Executive Development
High-performance groups
Physician support groups
Writer support groups
© 2009 The Virtual Executive Coach SM
and Keith Barton.
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