World’s 10 best companies to work

February 9, 2009

Rank: 1 Company: NetApp

Business: Specializes in proprietary network storage and data management.

Reach: Has over 130 offices worldwide, including US, Canada, Europe, South America, Asia, Pacific and Australia.

Why: Greatplacetowork.com says, ‘The essence of what fuels the quality of the workplace at NetApp is the high trust culture. Leaders reach out to employees, sharing information, support and time in a variety of ways. This generosity of spirit is reciprocated many times over, creating within NetApp its own version of a fail-safe networked organization.’

Rank: 2 Company: Edward Jones

Business: Offers financial products at an individual investor level. Currently serves more than 7 million clients.

Reach: Over 10,800 offices in the United States, Canada and United Kingdom

Why: Greatplacetowork.com says, ‘Employees receive a whopping 149 hours of training on average a year, more than three times the 100 best averages of 45. But Edward Jones doesn’t just train people for the job they’re doing. The management’s philosophy is that employees who are passionate about their jobs will make the company a better place, so managers encourage people to develop skills even when they know the new skills will lead to a different job.’

Rank: 3 Company: Boston Consulting Group

Business: Global management consulting firm and a leading advisor on business strategy.

Reach: BCG is a private company with 66 offices in 38 countries, including the US. They also have offices in North America, South America, Asia Pacific, Europe and the Middle East

Why: BCG prides itself on its employee focused culture. Greatplacetowork.com says, ‘Training opportunities abound, even for senior partners. All employees are encouraged to continuously learn, accept responsibility and take on challenges. BCG is viewed as an apprenticeship and most training actually takes place within the project team. Associates who commit to returning to the company after receiving an MBA are fully reimbursed for tuition, given a promotion and a raise. Administrative staff may be reimbursed up to two job-related courses per semester.’

Rank: 4 Company: Google

Business: Focused on Internet search services. Also offers advertising, business solutions, online mapping, blogging, e-mail, social networking and video sharing. Last year, they launched their own browser, Google Chrome.

Reach: United States, Canada, Europe, Asia Pacific, Latin America, Middle East

Why: The company slogan is ‘Don’t be evil.’ Google is famed for going all out to keep their employees happy. Professional development opportunities include classes on individual and team presentation skills, content development, business writing, executive speaking, delivering feedback and management/leadership. Google engineers are encouraged to spend 20% of their work time (one day per week) on projects that interest them. Some of Google’s newer services, such as Gmail, Google News, Orkut, and AdSense originated from these independent endeavors’.

Rank: 5 Company: Wegmans Food Market

Business: Regional supermarket chain

Reach: Seventy-nine stores in the mid-Atlantic region including New York, Pennsylvania, New Jersey, Northern Virginia and Maryland in the United States.

Why: Wegmans believe that good people, working toward a common goal, can accomplish anything they set out to do. They also believe that they can achieve our goal only if they fulfill the needs of our own people. Greatplacetowork.com says, ‘Wegmans employs a web-based system known as the labor resource manager to ensure no employee is overburdened and that every employee has the support of colleagues at the busiest times. Having a resource dedicated to staffing enables employees the flexibility to care for sick family members, pursue degrees, or enjoy a summer off to pursue a passion.’

Rank: 6 Company: Cisco Systems

Business: Cisco hardware, software and service offerings are used to create the Internet solutions that make networks possible — providing easy access to information anywhere, at any time.

Reach: US, Africa, North America, South America, Asia Pacific, Europe

Why: Cisco managers are trained to ensure employees have a successful work-life balance, by working flexi-time if needed. Its leadership development system is aimed at developing key capabilities, competencies and expectations for its employees. Cisco employees have access to assistance programmes that provide confidential support for various personal issues. It also provides short-term, emergency resources to help employees facing difficult personal situations. It has local onsite emergency response teams made up of trained employees and a global, cross-functional crisis communication team that helps evaluate crisis situations and communicate important information.

Rank: 7 Company: Genentech

Business: This leading biotechnology corporation is considered the founder of the biotech industry.

Reach: United States, Singapore

Why: Genentech fosters individual creativity and initiative among its researchers, encouraging scientists to pursue projects of interest in addition to working toward the company’s goals. Their scientists have consistently published important papers in prestigious peer-reviewed journals. They have also secured approximately 7,400 current, non-expired patents worldwide and have about 6,250 patent applications pending. Genentech also has a strong postdoctoral programme, with fellowships that last four years. The company believes providing employees with programmes, services and benefits allow them to bring the best to the business and to their personal lives.

Rank: 8 Company: Methodist Hospital System

Business: A leading US hospital, this acute care complex serves over 40,000 domestic and international patients every year. It is also a comprehensive teaching hospital, with leading specialists in every field of medicine.

Reach: United States. It also partners more than 25 hospitals in Latin America, Europe and the Middle East.

Why: Employees earn paid time off accruals biweekly beginning from the date of hire. They are offered subsidized transport options. Education assistance includes tuition reimbursement for undergraduate, graduate and doctoral level courses that are job related. Employees can get additional financial assistance for certain certifications/ degrees and a college scholarship for children of employees enrolled in health care degree programmes. Employees who adopt children are provided financial assistance. All employees and dependents have access to resources to help with everyday challenges of work and life.

Rank: 9 Company: Goldman Sachs

Business: A bank holding company that engages in investment banking, securities services and investment management.

Reach: United States, South America, North America, Asia Pacific, Europe, Middle East,

Why: Sharing ideas, support collaboration and contributing to others’ project is encouraged, both through explicitly defined cultural expectations and through the actions of individual leaders, who are also expected to serve as role models. Some of the benefits offered include education, tuition reimbursement, preparatory courses and exams, scholarships and fellowships and loan and mortgage discounts. They can also avail of ongoing training and mentoring programmes.

Rank: 10 Company: Nugget Market, Inc

Business: Family owned, upscale supermarket chain

Reach: Owns and operates nine Nugget Markets and three Food 4 Less stores in the Northern California region, United States

Why: Nugget Market, which was founded in 1926, has never had a layoff. Since its launch, it has had a progressive, employee-friendly attitude, providing its associates with some of the top wage and benefit packages in the industry. Nugget also has excellent healthcare benefits, including long-term disability and sick pay. It encourages associates to balance their work and personal life through flexible schedules and five weeks of paid vacation.

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World’s top 15 business schools

February 3, 2009

Rank-1: London Business School – UK

Amongst its other achievements London Business School — sharing the top spot with Wharton School, University of Pennsylvania — boasts of a community that includes 1,300 plus students each year from 121 countries, 150 plus teaching faculty from more than 30 countries and 27,800 alumni based in more than 120 countries. Situated in Regent’s Park, London, London Business School offers degree programmes like MBA, executive MBA, EMBA-global, Dubai-London executive MBA, Sloan Fellowship MSc, Masters in finance, and PhDs.

Rank-1: Wharton School, University of Pennsylvania-USA

Established in 1881 in Philadelphia, Wharton School, University of Pennsylvania, is the world’s first collegiate business school has 84,000 plus alumni in 139 countries, 25 plus research centre’s and initiatives and 11 academic departments. The university offers executive education programmes in subjects like finance/wealth, management, healthcare, corporate governance, marketing/sales and technology and operations apart from a host of other courses.

Rank-3: Harvard Business School-USA

Offering management courses since 1908, Harvard Graduate School of Business started with a student population of 33 regular and 47 special students and a 15-member faculty. It reached one of its famous milestones in 1959 when the school admitted women graduates to the second year MBA programme. Harvard Business School moved up one position in 2009 to rank 3rd against its 2008 position.

Rank-4:Columbia Business School -USA

Columbia University Graduate School of Business was founded in 1916 by A Barton Hepburn, president of Chase Manhattan Bank then, with 11 faculty members and 61 students. Currently, the university offers full-time MBA programmes, executive MBAs and doctoral programmes with over 36,000 students. Warren Buffet, the legendary chairman of Berkshire Hathway did his MS in 1951 from Columbia Business School.

Rank-5: Insead: France/Singapore

With two campuses in France (Fontainebleau) and Asia (Singapore) Insead began offering executive MBA programmes in November 2003 from both the campuses. It signed a strategic alliance with Wharton Business School in 2001. Today, the university boasts of 138 standing and affiliate faculty from 32 countries, 887 MBA students across 76 nations, 9,500 executive MBA students from 100 countries spread across 2,000 companies. From number 6 in 2008 Insead too has moved up one position in 2009.

Rank-6: Stanford University GSB and IE Business School

These two, like London Business School and Wharton School, share the same position. However, in 2008, Stanford (USA) stood 4th and IE Business School (Spain) stood at the 8th position. So while Stanford moved two points down the ladder IE Business School moved two points up.

Rank-8: China European International Business School

This is what China and Chinese entrepreneurship is all about. Established on November 8, 1994, a recent entrant into the world of high finance, China European International Business School (Ciebs) — in just its 14 years of existence — has barged into the hallowed top 10 for the second time in a row. Ranked 10th in 2008 Ciebs has managed to move two positions up to the 8th position this year. Today Ciebs offers open programmes like multinational management, strategy, leadership, marketing and sales, finance and accounting and corporate governance amongst others.

Rank-9: MIT: Sloan, USA

Massachusetts, Cambridge-based, MIT Sloan School of Management has moved up from the 10th position in 2008 to 9th position this year. While MIT Sloan began its operations in 1914 in engineering administration, it began teaching management courses 11 years later. Today, MIT Sloan offers graduate and undergraduate programmes to more than 1,100 students across 60 countries. Amongst its illustrious alumni are included names like former Secretary General of the UN Kofi Annan, former Hewlett-Packard president and CEO Carly Fiona, and former Israeli prime minister Benjamin Netanyahu.

Rank-10: New York University: Stern, USA

Established at the onset of the 20th century New York University, Stern is located in Greenwich Village in the centre of New York City. This university today offers courses as varied as undergraduate BS programme, full-time MBA programme, Langone part-time MBA programme, executive MBA, and PhD programmes.

Rank-11: University of Chicago, Booth,USA

Part of the world-renowned University of Chicago, Booth School of Business has dropped two places from number 11 from number 9 in 2008. Established in 1895 University of Chicago Booth School of Business is the second-oldest school in the US. With faculty strength of 187 in 2008 the university offers programmes like full-time MBA, executive MBA, part-time MBA, and non-degree executive education.

Rank-12: Iese Business School, Spain

Ranked 13th in 2008, Iese Business School has improved its position to 12th in the 2009 survey. With over 30,000 successful alumni working in more than 100 countries Iese, established in 1957, offers full-time, part-time and modular MBA and PhD programmes. Founded in 1958 in Barcelona, Spain, Iese is the graduate business school of the University of Navarra.

Rank-13: Dartmouth College, Tuck USA

At number 13, Dartmouth College, Tuck, a 109-year-old institution, has dropped a position below its 2008 ranking. Interestingly, unlike other universities, Tuck offers only full-time MBAs apart from a plethora of executive education programmes as well as the Tuck Business Bridge programme for undergraduates.

Rank-14: MD – Switzerland

Located in the cool climes in Lausanne on Lake Geneva in Switzerland, IMD has maintained a status quo at number 14 vis-a-vis its ranking in 2008. With 20 open enrollment executive development programmes IMD, established in 1990, offers an 11-month MBA programme and distance learning programme in executive MBA. A typical class at IMD consists of students from 22 nationalities and in the age group of 34 to 50 years.

Rank-15: Indian School of Business, India

A meteoric rise from number 20 is how one can describe Indian School of Business jump to the 15th position in the Global MBA Rankings 2009 survey. With over 442 students enrolled for the class of 2009 for its one-year MBA programme the mean and median GMAT score of its student is 714 and 720 respectively. Established in 2001 by a group of Indian industrialists and academicians ISB is the only Indian management school to make its mark in this global survey.