Hormel Foods once again secured a spot on the Management Top 250 list, an annual ranking of America's most effective companies. Hormel Foods – No. 155 this year – has made the grade all three times since the Drucker Institute began evaluating organizations and publishing its findings in The Wall Street Journal.
According to the Journal, the study takes a holistic approach, measuring customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength, and relies on 34 data points from 15 third-party sources. Hormel Foods received especially high marks in the categories of customer satisfaction, employee engagement and development, and social responsibility.
The Drucker Institute, named for the late author, educator and management guru Peter Drucker, is part of Claremont Graduate University in Claremont, California. The institute's ranking spotlights U.S. publicly traded companies that are part of a specified index and meet or exceed at least one of two financial thresholds. Eight hundred twenty companies were evaluated this year for their effectiveness – or as Drucker once said, "doing the right things well."