Deloitte Discloses Secrets of Business Success
Deloitte Touche Tohmatsu (DTT) has just completed its third annual ranking of the top 200 publicly traded Global Growth Companies. The international ranking is made from companies selected on the basis of annual growth, job creation, and return to shareholders.
There are 26 firms that have been a part of the top 200 for all three years, and Deloitte has identified four significant areas of achievement that are present in all 26 of thee firms.
- A drive to expand. "If companies lose their will to grow, competitors will eagerly attack," said Tom Doorley, author of the DTT ranking.
- Balance productivity with growth. Revenues should increase about 70 percent faster than number of employees.
- Learn from acquisition and merger transactions. Top performing companies are enthusiastic about forming alliances and learning from each transaction, even though many alliances fail.
- Never give up. "Each super-performer exercises a deep-seated need to grow despite the odds," said Mr. Doorley.