What makes a company successful - Hays survey for Fortune magazine

Hay’s conducted a survey of “Most Admired Companies” : 10,000 directors, 346 companies over $8bn revenue for Fortune magazine. They were looking for the attributes of top companies and compared them with their peer group - so no excuses about being in a different industry.

The results are based on the % who executed on each attribute, and compared the Top 5 vs. peers

• Translated strategy into a clear plan 84% vs. 74%

• Roles and responsibilities are sufficiently clear 81% vs. 74%

• Jobs designed so no gaps in accountability 80% vs. 63%

• Performance measures tied to business strategy 92% vs. 79%

Note the strong correlation between strategy, execution and measurement of that execution.