Hormel Foods was ranked No. 67 on the first Management Top 250 list from the Drucker Institute, measuring performance on customer service, employee engagement and development, innovation, social responsibility and financial strength. Hormel Foods received five out of five stars in the employee engagement category.
“The ranking — compiled by the Drucker Institute, founded in 2007 to advance the ideals of the management sage — differs from other “best of” lists in that it doesn’t measure any single aspect of a company’s prowess, such as profits or productivity,” stated the Wall Street Journal article introducing the list. “Rather it takes a holistic approach, examining how well a business does in five areas that reflect Mr. Drucker’s core principles: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength.”
The Management Top 250 ranking is based on a holistic measure of corporate effectiveness that was developed by the Drucker Institute, a part of Claremont Graduate University in Claremont, Calif. Effectiveness is defined as doing the right things well.
The ranking includes U.S. companies whose shares are traded on the New York Stock Exchange or Nasdaq Stock Market, and which meet criteria related to their value and prominence.
See the full list here.