logo
HomeArticlesAbout usArchiveAdvertisingSubscribeContactGlossary
Archive
Subscribe
Advertise
 
How to gain respect
Two Scandinavian companies, Danish toy manufacturer LEGO and Swedish retail success story IKEA, have topped the list of a 29-country-study of the reputations of the world’s largest companies. The Reputation Institute surveyed more than 60,000 consumers in 29 countries to measure the corporate reputations of 600 of the world’s largest companies.
11/20/2007

Results of the online survey indicate that Denmark’s LEGO is the world’s most respected company based on ratings by the public in their home country. U.S. contractor Halliburton and Australia’s AWB (formerly the Australian Wheat Board) earned the lowest ratings from the public.

According to Dr Charles Fombrun, CEO of Reputation Institute, “IKEA and LEGO are two companies that have taken responsibility for the development of their region and country and are seen as national icons.” Both LEGO and IKEA were also in the Top 3 in the 2006 survey. Other companies which fared well included Barilla & Ferrero in Italy and Kraft Foods in the US (food); Japan’s Canon and Dutch company Philips (consumer electronics); Japan’s Toyota, France’s Michelin (automotive). Some of the biggest movers include Russia’s Gazprom, Magnitogorsk Iron & Steel, and Lukoil, reflecting the growing public optimism about Russia’s corporate sector. Research shows that people act towards companies based on their feelings. They are more likely to buy the products of companies they trust, to work for the organizations they respect, and to recommend companies they like.

Alannah Eames
Buying as you sell
8/18/2010

At Prysmian, a world leader in the manufacture of high-tech cables for the energy and telecommunications industry, procurement is not for the faint-hearted. The raw materials that go into the manufacture of a high-voltage power transmission cable are subject to constant price fluctuations. From their Milan headquarters, purchasers must learn to live with volatility.

Performing under Pressure
6/23/2010

Relentless cost pressure is challenging the procurement function as never before. For Dr. Volker Pyrtek, CPO of telecoms giant Deutsche Telekom, the new status and scope of the profession has resulted in a place on the company’s executive operating board. But don’t expect procurement’s potential to be taken on faith, he warns, a reputation has to be earned.

Doing the deal in China
1/27/2010

Personal contacts and saving face are key to sealing the deal in China. Where Westerners tend to look for clear alternatives (option A instead of option B), the Chinese may examine ways to combine both options, writes Christopher Crosby in CNN Traveller.

Earlier
1/27/2010 Better plans for a (better) future
12/9/2009 Facilitating e-procurement
9/23/2009 The Lure of Purchasing
9/21/2009 Lessons from the downturn
7/23/2009 A new destination for procurement
6/23/2009 The supply chain elite gathers in Germany
4/6/2009 In-house or as a Service? – Challenging the role of the CIO
12/8/2008 Front line purchasing
12/5/2008 India for beginners
12/4/2008 Enabling technology - the right way
12/4/2008 Beware of the sales guy
5/26/2008 The mirror image of sales
5/26/2008 Dutch, Japanese or Yankee?
5/13/2008 Winning the Chinese over
5/13/2008 Purchasing salaries continue to climb
5/13/2008 Knowledge Process Outsourcing: Coming soon to an office close to you
4/21/2008 New book on procurement transformation
4/21/2008 Enterprises exposed to supply risk
4/21/2008 Asian salaries rising sharply
1/15/2008 CPOs lack resources to tackle change
1/15/2008 Complex supply chains at risk
12/20/2007 Asian economies smaller than previously estimated
12/11/2007 Beware new global challengers
12/5/2007 European benchmark on responsible sourcing
11/21/2007 European enterprises: room for improvement in e-procurement
11/20/2007 Business embraces green procurement
11/20/2007 Eco-management delivers
11/20/2007 Public sector: Getting real about e-procurement
11/20/2007 Greening your supply chain
11/20/2007 Saab: Take-off for new procurement
11/20/2007 Sourcing successfully from China
11/20/2007 Wiggling your way into first class
11/20/2007 How to gain respect
11/13/2007 GE: Speaking with one voice
10/26/2007 BP:Bridging the skills gap
   
 
 
 
 
Upcoming events
2 - 5 November, 2010
Brussels, Belgium
ProcureCon 2010, the 13th annual procurement conference, will provide you with new procurement best practices, new ways of looking at old problems, and an understanding of the skills needed to develop your ideas into realistic, achievable plans. For more information click here.