For example, there are numerous stories of potential showrunners (e.g. This sense, that there is a higher purpose besides growth itself, is a common thread among the T20 companies. @(�����q.$ �F�r�0T2�X�P������e2�DFӄ��sD5���2wTZ0C��AS��y�_Ot�%��pU��ʐ�Xumӓ�+�6M��:�i�b�(�}�� ���L}�6o�� J^�?��8cyn!�ok/�|Y���1iq�Й�pg�۫�|� ��4��Щe�P�j�q޶�)��0���߲Yaꅳ�v ��vӞ-�c�L��D�Y�ɺ����P��Y�����˶e�vL�,�!ع|�+_ [�hi��g��M_������sV�D��܎��x�ɺ��϶V�4V�1�Yߚr���0�Cp��Hs��}՛�U�m�x�[;��BA�����i@�����@`�j&%��F�w@�,�PQ��� �:\0�G ��0ᴴt�&ְ�4� �0�A���l@%�&�w`�t�16M%p��*c00v��0����A�8SΌ 18@�J�2��~Ҳ@l�F����� Doesn't Recommend. In 2013, du Telecom signed a M… Starting out as a producer of carpet cleaning solution, Ecolab has evolved to become a market leader for cleaning and sanitation products as well as a provider of custom solutions for energy and water conservation. 50 Companies to Watch in 2020 The analysts at Bloomberg Intelligence—who track about 2,000 companies in sectors including energy, technology, retail and … Read the excerpt from the Transformation 20 in HBR. Most of the transformations on our list started at least five years ago. Jobs; Companies; Salaries; Interviews; Search. Projections for the year 2030 showed that 70% of the world’s GDP would be based in water-stressed regions, California and Southern India being prime examples. Currently, 18% of Fujifilm’s $22 billion in revenue comes from healthcare. Among the 20 companies on the list, half of the firms are transforming by creating new kinds of digital experiences or services that are driving new value for customers. In the early 2000s, when Baker became CEO, Ecolab was a 90-year-old firm growing 10% annually by focusing on industrial cleansers and food safety. After a tumultuous year for racial justice, companies are pledging change. Lead turning into gold. 0000020529 00000 n Only in subsequent years did founder and CEO Pony Ma Huateng broaden the firm’s outlook by embracing a mission of “improving the quality of human life through digital innovation.” Since 2011, Tencent has invested heavily in new growth areas ranging from education and entertainment to autonomous vehicles and ride sharing to fintech and the industrial internet—areas that together now represent 25% of its $46 billion revenue. Sooner or later, most companies will need to reinvest themselves in response to disruptive change. Traditional approaches to strategy and growth are insufficient to meet the challenge. So we had to deal with all this unintended emotional stuff.”. Other T20 firms have also reaped benefits of invested heavily in new digital platforms for its customers. As a chief technology officer we met with recently asked us: “We basically aren’t at any of these stages yet. “We have so many feature updates coming out that are really going to take this platform—that’s already amazing—to the next level,” says Clarke Levidiotis, digital content marketer. A primary metric driving the organization is how much water is saved by its clients annually, which now stands at 188 billion gallons, against a 2030 target of 300 billion gallons. DBS was named among the top 20 companies globally that have pulled off a major transformation of their business, alongside Netflix, Amazon and Alibaba, in a study by strategy consulting firm Innosight. NEWS CORONAVIRUS POLITICS 2020 ELECTIONS ENTERTAINMENT LIFE PERSONAL VIDEO SHOPPING. Overwhelmingly, the biggest theme for growth, especially in core markets, is diving deeply into digital waters by harnessing new business models for the cloud, the Internet of Things, artificial intelligence and other technologies. In 2011, Ecolab had a $12 billion market cap when it acquired water technology company Nalco in an $8 billion deal. "Company going through major changes" 3.0 ★ ★ ★ ★ ★ Work/Life Balance ★ ★ ★ ★ ★ Culture & Values ★ ★ ★ ★ ★ Career Opportunities ★ ★ ★ ★ ★ Compensation and Benefits ★ ★ ★ ★ ★ Senior Management ★ ★ ★ ★ ★ Former Employee - Director in New York, NY. A regional oil and gas company transforms into a global leader in renewable biofuels. Explore. The changes to the off-payroll rules were due to come into effect on 6 April 2020. U.S. Moved from a state-owned oil and gas exploration and production company to stage a 2016 IPO as the largest offshore wind farm company in the world. Has this transformation had a significant impact on customers and its industry over the past decade? Pursuing a digital transformation that would shift it from a pure hardware supplier to an energy management provider via an open IoT platform. More businesses are taking on society’s biggest problems—and making money doing so. Split its lighting core from its healthcare growth business, transforming itself into a healthcare technology company. Netflix mines audience data to create an astonishing range of new shows. With this set of criteria and such stories in mind, we present the T20 for 2019: Shifted from DVDs by mail into the leading streaming video content service and now a top original content provider. xref 0000028695 00000 n Its original corporate objective, according to early annual reports, was simply to harness the Internet opportunity. x�b```�W�L? It takes courage to choose the difficult path of breaking out of this prison and challenging the status quo. “It had to be a radical transformation; we needed to build a new core business and find new areas of sustainable growth. We’d like to acknowledge and thank our list of judges and congratulate the T20 winners. By looking more deeply into these strategic transformations and analyzing the tough decisions made by the leaders of our T20 companies, we saw five deeply-ingrained behaviors that can be distilled into a set of takeaway lessons for leaders who are embarking on their own transformation journey: Leaders embarking on transformation often come up against active opposition from those in the organization who are not comfortable with change, as well as the sheer inertia of the way things have been done in the past. 3. To transform a large organization with a legacy business, leaders must identify one or more opportunity areas that are large enough to make a difference and significant enough to inspire a compelling story of change. read update Article was updated Mar. In a comparable way, other organizations on the list have transformed by embracing a purpose-driven mission of making people healthier and preventing illness. Does the company show potential to sustain its transformation over the next decade? Our team rated each company using a set of criteria measuring their financials (notably revenue growth and stock performance), the degree to which they had built meaningful new growth businesses, and the degree to which they had repositioned their core business. This report ranks the Global Top 100 public companies by market capitalisation as at June 2020. _linkedin_partner_id = "2939673"; Thyssen and Krupp - companies going through change. 0000037757 00000 n By 2010, du had acquired almost 40% of the region’s market share, and it was able to maintain a growth rate of over 32%.The company’s leadership had no desire to rest on their laurels, though. “It’s all about water,” the company says, and that focus required jettisoning parts of its past that didn’t fit that mission. Smith completely exited its historic core of auto parts & motors to concentrate its investments on innovating its commercial and residential water heaters as well as entering the global water treatment market. ��'F5mw�m�Ȳ�!Gp�v+���Ihh��X��4iUt�%â�� ���0��;*|@|�?����yL_��X$��2Ꙙ�ݔ�ސ�g R t���a0ȷ@| � ��v� FINANCIALS: Has the company posted strong financial and stock market performance, or has it turned around its business from losses or slow growth to get back on track? They are facing the wrong way. endstream endobj 197 0 obj <> endobj 198 0 obj <> endobj 199 0 obj <>/ColorSpace<>/Font<>/ProcSet[/PDF/Text/ImageC]/Properties<>/ExtGState<>>> endobj 200 0 obj [/ICCBased 219 0 R] endobj 201 0 obj <> endobj 202 0 obj <>stream Weighing the options, a number of top executives have elected to continue allowing their employees to work from home. Southwest, not United. They seize the digital opportunity via new platforms and business models. In 2013, CEO Reed Hastings released an 11-page memo to employees and investors detailing a mission to move from just distributing content digitally to become a producer of original content that could win Emmys and Oscars. Acuity is one of those U.S. companies regarded as best for work-life balance, according to Glassdoor data from July 1, 2019, to June 30, 2020. 0000067625 00000 n 0000042880 00000 n But the wider reason may be that awareness of transformation itself seems to be widening, with more and more companies recognizing the urgency of the challenge as well as what a profound shift these efforts represent. The information technology companies on our list also discovered ways to infuse purpose into their organizations that recognized a need for fundamental change. %PDF-1.4 %���� I believe the more interesting changes will play out after this public health emergency is behind us. In a similar way, Schneider Electric leveraged its ability to create tech platforms to move into creating an Internet of Things data analytics business for energy management. States in particular energy giant companies going through change 2020 only began in 2017 to embark on its head created digital... 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