Ravi Speaks:
Updated on 13.11.2022
Today I shall mention the first five and the rest of the five will be taken tomorrow. To know further details, please use the backlinks in this article which would give the elaborate account.The top ten innovative companies-I
How great companies get—and stay—that way
According to Rick Newman: -It’s hard getting to the top—and even harder staying there, especially in a global economy where change is constant and competition ruthless. Continuous innovation at these 10 companies has given them staying power that most firms can only envy. Rick Newman-the person who diligently evaluated the performance of the bigger giants over time, the top ten companies which feature today as the solid ones as per their innovative and rapid changing strategies from time to time are: –
1. Amazon
2. Apple Inc
3. BYD
4. Cisco
5. Google
6. IBM
7. Infosys
8. Nucor
9. PepsiCo
10. Tata Motors
Last time I had mentioned the Ten bigger giants, which over time have lost their spark and luster as far as their performances were concerned. Those companies included Yahoo, Sony, Microsoft, and so on. Really, a big surprise for all of us since they featured in the lackluster group. It was an eye-opener for all of us.
Out of the top ten mentioned above-Today, I shall write only about the top five companies, and then tomorrow the rest of the five shall be discussed at length. The idea is simply to learn what were their special features which made them separate from the rest of the companies. I have deliberately given the backlinks, especially for those who would be interested to know even more in the micro detailed form. Please make use of them as well.
So let us start from the topmost one which has replaced literally all the earlier top giants, and it is “Amazon”:-
Amazon: – It started by selling books, but this online merchant has expanded into dozens of other retail categories. That’s what innovation expert Vijay Govindarajan calls capitalizing on “adjacencies:” areas closely aligned with a company’s core market.
Amazon (Amazon.com) is the world’s largest online retailer and a prominent cloud services provider. The company was originally a bookseller but has expanded to sell a wide variety of consumer goods and digital media and its own electronic devices, such as the Kindle e-book reader, Kindle Fire tablet and Fire TV, a streaming media adapter.Amazon Web Services(AWS) is a comprehensive, evolving cloud computing platform. The first AWS offerings were launched in 2006 to provide online services for websites and client-side applications. Amazon’s Elastic Compute Cloud (EC2) and Simple Storage Service (S3) are the backbone of the company’s large and growing collection of Web services.
Jeff Bezos incorporated the company as Cadabra in 1994 but changed the name to Amazon for the website launch in 1995. Bezos is said to have browsed a dictionary for a word beginning with “A” for the value of alphabetic placement. He selected the name Amazon because it was “exotic and different” and as a reference to his plan for the company’s size to reflect that of the Amazon River, one of the largest rivers in the world. Amazon is headquartered in Seattle, Washington. The company has individual websites, software development centers, customer service centers and fulfillment centers in many locations around the world.
Apple:- America’s most valuable tech company has a crystal-clear mission: to continually revolutionize communication and entertainment. Its simple, intuitive I Gadgets have transformed the music business and telecommunications, with publishing and TV next on Apple’s target list.
Apple Inc., formerly Apple Computer, Inc., American manufacturer of personal computers, smartphones, tablet computers, computer peripherals, and computer software. It was the first successful personal computer company and the populariser of the graphical user interface. Headquarters are in Cupertino, California. Because of ill health, Jobs resigned as CEO in August 2011 and was succeeded by chief operating officer Tim Cook; Jobs died from cancer that October. In the early years of Cook’s tenure, Apple did not introduce any all-new products but brought out new versions of previous products, such as the iPhone 4S, which contained a personal assistant program, Siri, that could respond to spoken commands and questions (2011); the iPad Mini, a smaller version of the iPad (2012); and the iPad Pro, a large version of the iPad intended for business use (2015). In 2014 Apple made its largest acquisition by buying the headphone manufacturer and music-streaming company Beats for $3 billion. In 2015, Apple introduced a smartwatch, the Apple Watch. A redesign with a sensor that could make electrocardiograms (ECGs) was presented as Series 4 in 2018. Air Pods, a set of wireless earphones, were introduced in 2016 and became a top seller in that market. Propelled by the popularity of the iPhone, in 2018 Apple became the first company to reach a value of one trillion dollars. Two years later Apple became the first company to double that figure.
BYD:- Forget Toyota and GM. This Chinese company, which started as a battery manufacturer, has beaten everybody in the race to build mass-produced electric plug-in automobiles, with thousands already on the road in China. Warren Buffett recently spent $230 million for a 10 percent stake in the company.
Founded in 1995, BYD started out as a battery maker and entered the automobile business in 2003. The company has diversified into areas such as cellphone assembly and solar cell manufacturing. Leveraging its strength as a battery maker, the company is developing electric and plug-in hybrid vehicles. BYD grew quickly within ten years, capturing more than half the world’s mobile-phone battery market and becoming the largest Chinese manufacturer (and in the top four worldwide) of many rechargeable batteries. BYD topped the 2010 Bloomberg Businessweek Tech 100 list, a list of large, fast-growing tech companies. Replacing work by machines with cheap, local labor lowered costs, and the company began expanding beyond batteries, adding automobiles and mobile phone components. The company has its corporate headquarters in the Pingshan District, Shenzhen, Guangdong province. Its North American headquarters are in Downtown Los Angeles, and BYD has sales offices in various countries.
Cisco:- The Internet bust wrecked hundreds of tech companies, but Cisco recalibrated and planned for the future. Its networking gear, which helped power the Internet revolution in the first place, now enables voice and mobile services and video networking.
Cisco Systems was founded in December 1984 by Leonard Bosack and Sandy Lerner, two Stanford University computer scientists who had helped to connect computers at Stanford. They pioneered the concept of a local area network (LAN) being used to connect geographically disparate computers over a multi-protocol router system. By the time the company went public in 1990, Cisco had a market capitalization of $224 million; by the end of the dot-com bubble in the year 2000, this had increased to $500 billion. As of November 2020, Cisco has a market cap of around $173 billion. Stanford eventually licensed its proprietary software to Cisco. is an American multinational technology conglomerate headquartered in San Jose, California, in the center of Silicon Valley. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment, and other high-technology services and products. Through its many gained subsidiaries, such as OpenDNS, Webex, Jabber, and Jasper, Cisco specializes in specific tech markets, such as the Internet of Things (IoT), domain security, and energy management. On January 25, 2021, Cisco reincorporated in Delaware.
Google:- While early competitors were trying to charge for some services, Google built a much bigger customer base by keeping its offerings free. It became a modern-day Goliath by rolling out one new product after another and continually giving users new reasons to patronize Google.
Google:-was officially launched in 1998 by Larry Page and Sergey Brin to market Google Search, which has become the most used web-based search engine. Larry Page and Sergey Brin, students at Stanford University in California, developed a search algorithm at first known as “BackRub” in 1996, with the help of Scott Hassan and Alan Sternberg. The search engine soon proved successful and the expanding company moved several times, finally settling at Mountain View in 2003. This marked a phase of rapid growth, with the company making its initial public offering in 2004 and quickly becoming one of the world’s largest media companies. The company launched Google News in 2002, Gmail in 2004, Google Maps in 2005, Google Chrome in 2008, and the social network is known as Google+ in 2011 (which was shut down in April 2019), besides many other products. In 2015, Google became the main subsidiary of the holding company Alphabet Inc.
The search engine went through many updates in attempts to eradicate search engine optimization abuse, provide dynamic updating of results, and make the indexing system rapid and flexible. Search results were personalized in 2005, and later Google Suggest autocompletion was introduced. From 2007, Universal Search provided many content, not just text content, in search results.
Google has engaged in partnerships with NASA, AOL, Sun Microsystems, News Corporation, Sky UK, and others. The company set up a charitable offshoot, Google.org, in 2005.
The name Google is a misspelling of Googol, the number 1 followed by 100 zeros, which was picked to signify that the search engine should provide large quantities of information.
Google has worked with several corporations in order to improve production and services. On September 28, 2005, Google announced a long-term research partnership with NASA which would involve Google building a 1,000,000-square-foot (93,000 m2) R&D center at NASA’s Ames Research Center. NASA and Google are planning to work together on a variety of areas, including large-scale data management, massively distributed computing, bio–info–nano convergence, and encouragement of the entrepreneurial space industry. The new building would also include labs, offices, and housing for Google engineers. In October 2006, Google formed a partnership with Sun Microsystems to help share and distribute each other’s technologies. As part of the partnership, Google will hire employees to help the open source office program OpenOffice.org.
Part Two of this article will be published tomorrow.
[10 Innovative Companies Topping The List-Part-II].