Similarities of Fortune 500 Companies

Only available on StudyMode
  • Download(s) : 508
  • Published : November 28, 2011
Open Document
Text Preview
Similarities of Fortune 500 Companies

According to Office of Advocacy, there are 29.6 million businesses in the United States. Surprisingly, 99.9% of them have fewer than 500 employees. Thus, there are only about 18,000 large businesses in the United States today (Office). The most outstanding 500 of these 18,000 companies are placed on premier business list in the world, the Fortune 500. If a corporation manages to make this list, they have basically done everything right; they have treated their employees very well and promoted a happy and healthy working environment, they have adapted to change tremendously in today’s fast-moving world, and they have been the frontrunners and leading innovators in their particular industry. With that, I believe that many similarities are present in each Fortune 500 company today.

I am certain that the most important feature of a company is not its ideas or innovations, not its CEO or top executives, but its employees. The employees are what push any company to develop and thrive. Without good employees, companies tend to go backward rather than forward. When employees are dedicated and involved in the company, profits and successes are generally higher. Conversely, when they become uninterested and unappreciated, the company surely suffers. This is why the majority of successful companies on the Fortune 500 list make it a priority to keep their employees as happy as possible. According to Dr. Donna LaMar and Betsy Laney, both world renown psychologists, “Happy employees miss work less, perform better, and are more supportive of changes and willing to make them happen.” Some good ways to keep employees happy are to be encouraging and thankful, create a productive and good working environment, and make sure that everyone is involved as a team. “Happy employees make the customers happy,” says Alexander Kjerulf, a self-proclaiming chief happiness officer, and consultant on happiness at work, as well as the author of ‘Happy...
tracking img