The performance of companies in today’s globalized world

Catalin Gradinaru (), Lenuta Nica () and Aimee Andrada Theodora Georgescu ()
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Catalin Gradinaru: University of Bucharest
Lenuta Nica: University of Bucharest
Aimee Andrada Theodora Georgescu: University of Bucharest

Manager Journal, 2021, vol. 33, issue 1, 15-27

Abstract: Corporations represent a vital pillar in nowadays-globalized economy and, simultaneously, constitute an essential engine in the globalization process. Worldwide, their supremacy is tougher to be challenged as their dominance has a great overall impact on the economic, social and even political factors. In this ever so constant pursuit of becoming the supreme leader, the competition between them manifests itself as a fierce one. The focus of the paper is to highlight and analyse the evolution of the first ten corporations around the world for 2018-2022 based on their total revenues, profits, assets and number of employees. The research methodology employed in this research is quantitative, based on secondary data from reports (ranks) and articles. Findings show and intense that even in challenging times such as the COVID-19 pandemic, about the same companies around the world continue to show their supremacy, adapting their tactics to contexts that exhibit disruptive change and, thus, showing robustness and flexibility at the same time. There is also a notable competition between the world’s two super powers, the United States of America and China.

Keywords: corporation; rank; revenue; profit; assets; employees; Fortune Global 500 (search for similar items in EconPapers)
JEL-codes: F00 F23 (search for similar items in EconPapers)
Date: 2021
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