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Hyundai Motor Ranked As 2nd Most Influential Asian Company
At the 2014 Boao Forum for Asia, Roland Berger Strategy Consultants, with official forum publication Boao Review and FTChinese.com, released the "Top 100 Most Influential Asian Companies" ranking for 2014. South Korean automaker and India's second largest passenger car seller Hyundai has been ranked second in this prestigious list.
The Asian companies in the list were ranked based on factors such as corporate revenue, growth, innovation, research, brand value, global footprint and social responsibility.
The ranking is designed to reflect Asian companies' performance in key indicators of influence and to encourage them to break free of the sole pursuit of revenue. This in turn should unleash new engines of growth and create a system of sustainable, long-term influence that will ultimately advance the overall transformation of the Asian economy.
The only other automaker to appear in the top 10 ranking is Japan's Toyota, which follows Hyundai.
Boao Review publisher Gao Song said, "The companies in our ranking are influential Asian companies whose values and influence will have a positive impact on the global business community in the future."
South Korean and Japanese companies lead the way in terms of overall influence: the top five companies are Samsung Electronics, Hyundai, Toyota, Hitachi and Sony.
"Asia's economic transformation is moving forward. As the market matures, competition will become fiercer. Companies that continue to pursue only revenue growth will suffer from operational difficulties inside and out," said Charles-Edouard Bouée, Roland Berger Global COO and Asia President. "Fortunately, our analysis shows that many Asian companies have already realized this, which is reflected in their scores."
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