In a landmark and historic leap to this spot, multinational technology corporation IBM has landed on the number two spot on Fortune’s latest “Return On Leadership” ranking. Here’s the news.
2nd place
IBM has landed second place on the “Return On Leadership” ranking, just trailing behind Microsoft, the company that secured the top spot.
Fortune provides the ranking in partnership with the AI-driven platform, Indiggo. The “Return On Leadership,” shortly known as ROL100, is a unique list that captures the “return on leadership” of Fortune 500’s Top 100 companies. This is the third year they are doing this ranking.
“Return On Leadership” pertains to a metric that drives and measures vital components crucial to activating and maintaining the momentum of change for the leaders of today.
It also ranks companies based on Indiggo’s categories, namely, “Connection to Purpose,” “Strategic Clarity,” “Leadership Alignment,” and “Focused Action.”
“To calculate the ROL100™ Ranking, Indiggo leverages the framework that forms the basis of its AI platform together with publicly available information to provide an ‘outside-in’ view of ReturnOnLeadership. The 2023 ROL100 Ranking was released… in conjunction with the publication of the Fortune 500,” the ranking’s website said.
Fortune is a global media organization that publishes content related to business. It is also known for the Fortune 500 list, an annual list of the 500 most profitable industrial corporations in the United States.
Meanwhile, Indiggo is an AI-driven cloud solution created for leaders so they can better align and focus on their important priorities in a real-time environment.
IBM’s focused action
Microsoft has topped this list and has been on the Top 25 for three years already. According to Fortune, this is due to the fact that the company’s chief executive officer, Satya Nadella, has always put purpose at the forefront of the business.
IBM then came on the number two spot. It is followed by Cisco Systems, Thermo Fisher Scientific, Pfizer, Deere & Company, Coca-Cola, HCA Healthcare, Elevance Health, and United Parcel Service, rounding out the Top 10.
This is also historic for IBM, as it was in the bottom half of the ranking for the past two years. This giant leap is also due to the result of significant positive changes within IBM in the categories of “Connection to Purpose” and “Focused Action,” Indiggo stated.
For instance, IBM surged from rank 50 to rank two in the category of “Focused Action.” Indiggo says this is because of a significant shift in IBM’s profitability.
However, IBM has to improve on the categories of “Connection to Purpose,” “Strategic Clarity,” and “Leadership Alignment,” which it ranked 14th, 41st, and 17th, respectively.
Nevertheless, the company improved considerably in the category of “Connection to Purpose.” It leaped from the 78th to the 14th spot. Indiggo said it is because of the Big Blue’s commitment to “making the world work better.”
