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The Walt Disney Company has always been a very well respected and admired entertainment giant. It has been hard for other companies to compete, but one finally knocked Disney out of the top spot. See all the details here.
Fortune’s Most Admired Companies
Fortune just published its list of most admired companies. Close to 4,000 executives, directors, and industry analysts choose top companies out of 600+ candidates. The 9 criteria for rankings include:
- Ability to attract and retain talented people
- Quality of management
- Social responsibility to the community and the environment
- Innovativeness
- Quality of products or services
- Wise use of corporate assets
- Financial soundness
- Long-term investment value
- Effectiveness in doing business globally
To make the list, a company’s score must rank in the top half of its industry.
2023 List
The top three companies who are most admired are Apple, Microsoft, and Amazon (1st, 2nd, and 3rd place, respectively). Most notably, these are all tech companies.
Unfortunately, Disney lost its #1 spot as the most admired entertainment company to Netflix. It fell to #4 in the Media and Entertainment section.
Netflix beat The Walt Disney Company has the most admired entertainment company.
Remarkably, The Walt Disney Company held the top spot for 20 consecutive years! While it may be futile to speculate on why Disney ranked lower, it could be due to the political issues between the state of Florida and the company, lackluster theatrical releases, and the cancelation of original content.
Here is the top 10 list:
- Apple
- Microsoft
- Amazon.com
- Berkshire Hathaway
- JPMorgan Chase
- Costco Wholesale
- Alphabet
- American Express
- Walmart
- Nvidia
You can find the full list on the Fortune website.
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Are you surprised that Disney fell in its rankings? Let us know in the comments below, and share this post with a friend.
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Linda
Friday 2nd of February 2024
Disney needs to go back to wholesome family entertainment and give up their woke agenda if they want to regain their #1 status. They've also gone way down in their reputation rank.
RandyC
Thursday 1st of February 2024
Disney's Woke agenda and desire to be aggressive in the Culture War to re engineer our society is what had led to the public's lack of trust in the former paragon of Children's and Family entertainment.