Melville, NY—In a time of digital transformation, it is imperative for companies to continuously evolve in order to work smarter and thrive in the competitive business environment. To recognize those companies, Fortune magazine publishes its annual World’s Most Admired Companies list. Canon USA announced that its parent company, Canon Inc., has received the #5 Industry Ranking in the computers category on Fortune magazine’s World’s Most Admired Companies 2020 list.
Fortune Magazine Criteria
Moreover, key attributes of Canon’s reputation that stood out to Fortune magazine’s surveyed executive directors and analysts include the company’s financial soundness; quality of products and services; global competitiveness; and also quality of management. In was these factors that lead Canon to rank as one of the top five companies in the computers category.
“It is an honor to work alongside a great team of talented professionals who continue to help the company grow every day due to their hard work and innovative efforts,” said Christine Sedlacek, senior director and general manager, corporate communications, Canon USA, Inc.
“Receiving this ranking showcases the strong overall value of the Canon brand as it reflects our corporate philosophy of Kyosei, living and working together for the common good, and dedication to meeting the needs of our customers.”
Fortune’s World Most Admired Companies study surveys executive directors and analysts from eligible organizations. This enables them to identify the companies that hold the strongest reputations within their industries. Awarded companies are selected based on the following nine criteria: people management; quality of management; social responsibility; innovativeness; quality of products/services; use of corporate assets; financial soundness; long-term investment value; as well as global competitiveness.