Ranking America’s Best Management Companies
The Drucker Institute at Claremont Graduate University has released its 2024 ranking of America’s best-managed companies. This annual evaluation is built on a holistic measure of corporate effectiveness, defining effectiveness as “doing the right things well.” For another year, tech companies control the top spots.
“It’s no surprise that technology-driven companies continue to dominate the top rankings,” said Michael Kelly, Executive Director of the Drucker Institute at Claremont Graduate University. “Companies like Apple, Nvidia, and Microsoft have established a virtuous cycle that fuels their ability to innovate, attract top talent, and expand their markets. This cycle is key to their sustained success.”
The 2024 rankings evaluate U.S. companies traded on the New York Stock Exchange or Nasdaq Stock Market, using criteria related to value and prominence. They reflect principles established by Peter Drucker, the “Father of Modern Management,” and assess performance across five key dimensions: customer satisfaction, employee engagement and development, innovation, social responsibility, and financial strength.
Partnering with The Wall Street Journal, the Drucker Institute shares these insights through its Management Top 250 special section, which features in-depth reporting on the rankings.
A Timeless Management Philosophy
“Peter Drucker’s lessons on human-centered management and a well-functioning society remain as relevant today as ever,” said David Sprott, Dean of the Drucker School of Management. “His teachings remind us that successful businesses not only create value but also contribute to a thriving society through innovation, community engagement, and fostering trust in institutions.”
Drucker believed that society’s foundations rest on private-sector institutions, which in turn fuel public and social sectors. The rankings strive to reveal the companies that embody Drucker’s principles. “Well-managed companies create good-paying jobs, strengthen communities, and generate resources for public institutions,” added Kelly. “This dynamic reflects the functioning society Peter Drucker envisioned.”
Breakthrough Companies in the 2024 Rankings
Beyond Big Tech, several companies made notable strides in this year’s rankings:
- Mastercard broke into the top 5, advancing 14 spots due to its customer-centric approach and innovation investments.
- Philip Morris International climbed into the top 10, thanks to its bold pivot to smoke-free products and a strong digital transformation strategy.
- John Deere surged 22 spots to rank 12th, driven by a 207-point improvement in customer satisfaction. Its investments in precision agriculture technology and customer feedback programs set it apart.
- Salesforce rose 21 spots to 17th, with improvements in corporate social responsibility and innovation under Co-CEO Marc Benioff’s leadership.
- Delta Airlines soared to 108th place from 293rd, with major investments in innovation.
- CBRE Group attained success in its Fiscal Strength, jumping to the 31st spot for Corporate Social responsibility – up from the 118th spot in 2023.
- Allstate Insurance leaped to 238th place, driven by substantial gains in employee engagement and development, from its 2023 position of 593.
“Companies thriving today recognize their employees are customers, too. When businesses create fulfilling environments for their teams, they build a foundation for happy customers,” said Kelly. “Drucker would be proud of [this] trend I see emerging.”
Challenges for Healthcare and Life Sciences
While several companies excelled, healthcare and life sciences firms faced headwinds this year. Industry leaders such as Pfizer, Merck, and Eli Lilly saw declines in customer satisfaction and financial strength. Rising costs, shifting consumer spending, and global pricing pressures have challenged their standing in the rankings.
Explore the Full Rankings
For a deeper dive into the 2024 rankings, methodology, and data sources, visit the Drucker Institute Rankings page.