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Most-admired companies grow annual returns 20%+
DURHAM, North Carolina (January 30, 2003) -- Companies that manage their reputations well cement their good standings among employees, customers, shareholders and the general public, according to a report by business intelligence firm Cutting Edge Information. Furthermore, companies that build strong reputations can more easily weather potential corporate crises when they arise.
"Crisis Management and Corporate Reputation" shows how
companies including General Electric, Coca-Cola, Johnson & Johnson, IBM, FedEx,
Southwest Airlines and American Express capitalize on their products'
emotional connection and brand reputation. The report also explains the
multi-tiered process that must be integrated within a company to build a top
corporate reputation.
"Customer, shareholder and employee cynicism is exploding right now and businesses face a very real crisis of confidence," said Cutting Edge Information CEO Jason Richardson. "Companies that focus on their reputations will weather this storm and see tremendous long-term benefits in market share, investor support and employee morale." For example, Cutting Edge Information's research shows that the most reputable companies directly tie financial gains to their corporate image. In fact, between 1983 and 1997, Fortune's most admired companies increased annual returns, on average, by 22 percent. By contrast, the Standard and Poor's 500 posted 16 percent returns, and those companies with the lowest rankings faced negative returns of 1.7 percent. The report also found that most reputable corporations donate a minimum of 1% of average, domestic, pre-tax profits to the charitable, non-profit organizations of their choice as part of their reputation management strategies. The report shows reputation-conscious organizations how to: Build a strong corporate identity and reputation; execute your corporate reputation plan with discipline; incorporate reputation management into all aspects of your business; manage corporate crises to minimize long-term damage and protect reputations; and use proven techniques to align your reputation management with your strategy. The online summary of this 79-page report and five principles for reputation management success are available online at www.cuttingedgeinfo.com/Reports/FL54_Reputation.htm.
Direct ERP connection now available from Elemica PHILADELPHIA (April 23, 2001) – Elemica (elemica.com), an e-marketplace serving the chemicals industry, has announced that its Connected Solution (ERP-to-ERP network) is available to its 22 investors and will soon be expanded to include companies outside Elemica's investor base. Praxair Introduces Bulk Ammonia Delivery System With Industry Leading Flow RatesDANBURY, Conn.--April 23, 2001--Praxair, Inc. announced today it has developed and commissioned a high flow bulk ammonia system with flow rates up to 3 times higher than current semiconductor industry capabilities. National Iranian Oil Company -- NIOC -- Moves for Better Asset Utilization & Reduction of Operating Costs With HyprotechBARCELONA, Spain--April 24, 2001-- Exclusive Contract Will Implement a Comprehensive, Company-Wide Engineering Software Frame Including State-of-the-Art Steady State & Dynamic Simulation, Equipment Design, Process Improvement and Optimization New IT outsourcing model to integrate local and offshore resourcesPARIS (March 12, 2003) – Cap Gemini Ernst & Young (CGE&Y), Spain, a global leader in management consulting and IT services, has been selected by GE as a European Global Development Center (GDC) for IT services to a number of GE businesses. Air Products acquires Ashland's Electronic Chemicals businessLEHIGH VALLEY, Pennsylvania (September 02, 2003) - Air Products, materials and services solution provider to the semiconductor industry, has acquired the Electronic Chemicals business of Ashland, in a cash transaction valued at approximately USD $300 million. The acquisition has received the necessary regulatory approvals. Michigan Attorney General acts in Consumers Energy cases to fend off higher gas prices for ratepayersLANSING, Michigan (March 12, 2003) - Attorney General, Mike Cox, is taking action in two Consumers Energy cases before the Michigan Public Service Commission (MPSC) in order to reduce out-of-pocket costs to Michigan ratepayers. BASF selects EasyAsk to simplify and improve access to critical business informationLITTLETON, Massachusetts (March 11, 2003) – BASF, North American affiliate of BASF AG, has selected EasyAsk's technology to power a corporate portal effectively enabling employees to easily and quickly locate and retrieve business information and reports. New Microsoft Office System released to 500,000 beta 2 testersREDMOND, Washington (March 11, 2003) - Microsoft has begun distributing a half-million copies of the beta 2 version of the new Microsoft Office System to customers and partners worldwide. Fuel cell boat tested in Newport Beach, CaliforniaEATONTOWN, New Jersey (August 26, 2003) – What is claimed to be the world's first electric fuel cell water taxi powered by Millennium Cell's Hydrogen on Demand hydrogen fuel system, operated successfully in the Newport Beach, California harbor, as part of pre-launch testing. Ariel Research launches new regulatory module for chemical industryMCLEAN, Virginia (August 26, 2003) - Ariel Research, Environmental, Health & Safety (EH&S) regulatory compliance research company, has launched a new module designed to enable companies manufacturing, using or transporting chemicals across Central and Eastern Europe to mitigate their EH&S risk. ChemConnect and ForestExpress to linkHOUSTON, Texas (March 10, 2003) – Connection hub, ChemConnect, which assists customers to optimize their purchasing and sales processes for feedstocks, chemicals, plastics, and related products, and ForestExpress, the transaction processing network for the forest products and allied industries, are to connect to each other’s networks, enabling member companies of each hub to exchange electronic business documents without having to establish and maintain costly one-to-one connections. Rodel Partners With Clariant to Provide Slurry for Direct STI CMP ApplicationsPHOENIX--April 23, 2001--Rodel, Inc., an innovator of integrated materials for the microelectronics industry, has announced a partnership with Clariant Corporation to distribute and market the company's new colloidal silica-based slurry. Developed by Clariant, Elexsol(R) STS-2 will be used in CMP (chemical mechanical polishing) applications, including direct STI (shallow trench isolation). Elexsol STS-2 will begin shipping at the end of second quarter 2001. DuPont, Sarnoff and Bell Labs to Collaborate on Developing Advance Technology for DisplaysWILMINGTON, Del., Oct. 29 -- As part of a federally sponsored research and development initiative, DuPont -- a leader in the development and manufacturing of organic light emitting diode (OLED) displays -- and Sarnoff Corporation have agreed to develop new organic-thin film transistor (organic-TFT) technology on plastic substrates. Organic-TFTs can offer major advances in commercializing future generation flexible display devices such as full-color polymer-based active matrix OLED (AM-OLED) displays. Ferro Corporation Regular Quarterly DividendCLEVELAND, Oct. 28 -- Directors of Ferro Corporation declared a regular quarterly dividend of 14.5 cents per share of common stock. The dividend is payable December 10, 2002 to shareholders of record on November 15, 2002. Airgas Launches New Line-up of Gold Gas Premium Shielding GasesRADNOR, Pa.--Oct. 29, 2002--Airgas, Inc. today announced a new improved line-up of the Airgas Gold Gas® premium shielding gases. It will launch the new line-up with product demonstrations at FABTECH International 2002, North America's largest annual metal forming and fabricating event, taking place October 29-31, 2002 at the International Exposition (I-X) Center, Cleveland, Ohio. Syntroleum introduces low-cost barge mounted gas-to-liquids plantTULSA, Oklahoma (August 23, 2003) – Syntroleum, owner of a proprietary air-blown gas-to-liquids (GTL) process for converting discovered stranded gas reserves to clean fuels, plans to commercialize a small barge-mounted GTL plant (GTL Barge). EU ‘REACH’ plan unworkable, says SDAWASHINGTON, D.C. (August 23, 2003) - Major portions of Europe’s proposed chemical management policy are unworkable and would place significant burdens on business and government with ‘negligible’ improvements to human health and the environment, according to The Soap and Detergent Association (SDA). Alliance announces clean energy initiativeBOSTON (August 23, 2003) - An alliance of environmental, industry, academic, and government organizations has formed a coalition, the Northeast CHP Initiative, to spearhead the installation of clean, reliable, energy-efficient ‘combined heat and power’ (CHP) systems throughout the Northeast. About 75% of mergers fail due to poor evaluationDURHAM, North Carolina (August 23, 2003) - As mergers and acquisitions make a comeback, a recent study shows that an overwhelming 75% of large company M&A deals fail to increase shareholder value. World's first corporate governance guidelinesSYDNEY, Australia (August 23, 2003) - Following the recent spate of high profile corporate collapses across the world, an Australian company, SAI, has developed the world's first consensus based guidelines for organisations seeking to improve their corporate governance practices.
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