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A Snapshot Of The World Of Global Multinationals – An Industry Based Analysis Of Fortune Global 500 Companies

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  • OGREAN Claudia

    (Lucian Blaga University of Sibiu, Romania)

Abstract

For better or for worse, the “corporations rule the world” assertion is nowadays more actual and accurate than ever before, as multinational companies represent the undisputable engine of the globalization process, and the latter continuously (re)creates the background against which global multinationals are flourishing, while reinforcing their “domination”. Since 1995, the Fortune Global 500 ranking (FG 500) annually provides a comprehensive and eloquent image of the world of global multinationals; the merits of the FG 500 ranking go beyond the synchronic approach of the characteristics of global multinationals (in terms of revenues, profits, assets and employees – by sector, industry and country), as it also favors diachronic analysis and comparisons – which are essential for strategists in identifying evolving trends and substantiating corporate strategies able to lead to sustainable competitiveness. The paper aims to determine the contribution of sectors to FG 500 ranking in 2016, on one hand, and to emphasize on some industry-based dynamics in FG 500 – by comparatively analyzing the 2016 and 1996 rankings, on the other hand.

Suggested Citation

  • OGREAN Claudia, 2017. "A Snapshot Of The World Of Global Multinationals – An Industry Based Analysis Of Fortune Global 500 Companies," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 12(2), pages 136-154, August.
  • Handle: RePEc:blg:journl:v:12:y:2017:i:2:p:136-154
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    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/12212ogrean.pdf
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    References listed on IDEAS

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    1. Alan Muller & Gail Whiteman, 2009. "Exploring the Geography of Corporate Philanthropic Disaster Response: A Study of Fortune Global 500 Firms," Journal of Business Ethics, Springer, vol. 84(4), pages 605-605, February.
    2. Janet Y Murray & Masaaki Kotabe & Albert R Wildt, 1995. "Strategic and Financial Performance Implications of Global Sourcing Strategy: A Contingency Analysis," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 26(1), pages 181-202, March.
    3. Ian Goldin & Mike Mariathasan, 2015. "The Butterfly Defect: How Globalization Creates Systemic Risks, and What to Do about It," Economics Books, Princeton University Press, edition 1, number 10214-2.
    4. Rugman, Alan & Girod, Stéphane, 2003. "Retail Multinationals and Globalization:: The Evidence is Regional," European Management Journal, Elsevier, vol. 21(1), pages 24-37, February.
    5. Alan Muller & Gail Whiteman, 2009. "Exploring the Geography of Corporate Philanthropic Disaster Response: A Study of Fortune Global 500 Firms," Journal of Business Ethics, Springer, vol. 84(4), pages 589-603, February.
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