The media and communications worlds may be in great turmoil and evolution respectively, but a few things remain the same. Media and PR pros both love lists. Lists bring order to things, allow analysts to analyze, and give a platform for brands to say, “see why you should love me”.
This year’s World’s Best Companies list from BusinessWeek ventures to teach our technology PR discipline a little bit more.
Here are a few lessons, some old some new, that jumped out at me.
- Packaging matters, and the name “Best” is a poor choice in this environment. While BusinessWeek and A.T. Kearney have partnered on this project for multiple years, and I respect their desire to build name equity, the community comments are telling. Just nine comments on the BW site to-date, most of which are self-serving or confused. Compare that to three pages of comments on Huffingtonpost debating the definition of “best” and propose instead that “best” be reserved for those companies focused on treatment of workforce, sustainability and societal attributes. Is there anything wrong with a shareholder value-driven ranking in my mind? No. But consider the communications environment before saying globalization + shareholder return = best companies. Or call it Best Investments.
- Rethink your client’s corporate presentation. At least in this list’s view, there are clear traits for the World’s Best Companies. A commitment to innovation, diversified portfolio, aggressive expansion, strong leadership, and a clear vision for the future. Corporate presentation outline for 2010? Check.
- Question how global your globalness really is. If you describe your company (or your client) as being global, what percentage of your sales come outside your home region? A.T. Kearney examined the 2,500 largest publicly listed companies in the world, honing in on those with a minimum of $10 billion in 2008 sales with at least 25% coming from outside the company’s home region.
- B-to-B Technology may be all guts, but B-to-C Technology gets the glory. Technology and Telecom get the nod from BusinessWeek for their strong showing. But a closer look shows b-to-c technology performing much stronger than b-to-b with rankings from Nintendo (7974.T), Google (GOOG) Apple (AAPL) and Amazon.com (AMZN). And while it’s a bit of a shocker to see the telecom sector getting a shout-out, it all depends where you’re selling services. Telecom companies MTN (No. 7) (South Africa) and América Móvil (AMX) (No. 18) (Mexico) are growing quite well, thank you very much.
A.T. Kearney says looking forward they see two important factors that are most likely to drive global economic performance - “leveraging technology and innovation to enhance productivity, and demographic shifts such as graying populations. “
The former bodes well for technology PR pros. Until then, long live the list!