10 of the largest American companies
Largest American companies 2016
Originating in Arkansas, with its first store opening in 1962, Walmart has now become one of America’s largest retail giants. With over 1,000,000 products available and a client base of over 250 million customers, Walmart has opened 11,500 stores in 28 countries.
With a revenue of over $482.1 billion, the company has become one of the biggest influences in the retail market.
Formed in 1999 through a merger with Exxon and Mobil, ExxonMobil is one of the world’s supermajors, becoming one of the largest oil and gas companies in the world.
With 37 oil refineries, the company’s revenue in 2015 reached $268.88 billion.
The rise in digital technology has become increasingly paramount, in addition to the increased need for companies to provide products which are efficient, smart and innovative. Apple has become one of the biggest innovators, with a brand worth $118.9 billion.
Founded in 1976 in California by Steve Jobs and Steve Wozniak, the international company now creates a multitude of entertainment products, from music devices, TV’s, phones and educational products sold online and in 478 stores situated in 17 countries.
With headquarters in Omaha, Nebraska, Berkshire Hathaway is one of the largest multinational conglomerates in the world.
Obtaining eight other companies under its umbrella, which range from infrastructure, fast food and clothing, the company also has obtained smaller holdings in renowned companies, such as Cola-Cola and American Express, amongst others.
Healthcare is one of the most significant and vital industries in the world, at which McKesson Corporation has become a driving force.
Founded by John McKesson and Charles Olcott, the business incorporates both technology and distribution solutions.
Founded in 1917 by Frank and L. E. Phillips, Phillips 66 has become a leading multinational energy manufacturing and logistics company, with $161.21 billion revenue recorded in 2014, which has since increased.
Founded in 1908, General Motors is one of the most well established automotive companies, designing, manufacturing and distributing vehicle parts around the world.
In 2018, the company will be opening five manufacturing plants in China, which alongside established stores, will provide vehicles under brands such as Chevrolet, Vauxhall, Baojun and Cadillac.
Providing food, agricultural, financial and industrial products, Cargill has expanded to over 70 countries since its opening in 1865, obtaining $107.2 billion in sales and other revenues in 2016 thus far.
Founded by William Wallace Cargill, the company is now one of the largest privately owned businesses.
The company was also the first American exporter to provide Beef to Japan after the country lifted its ban on American beef in 2006.
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Marketing matters: from IBM to Kyndryl
Prior to joining Kyndryl as Chief Marketing Officer, Maria had a 25-year career at IBM, most recently as the tech giant’s CMO where she oversaw all marketing professionals and activities across North America, Canada and Latin America. She has held senior global marketing positions in a variety of disciplines and business units across IBM, most notably strategic initiatives in Smarter Cities and Watson Customer Engagement, as well as leading teams in services, business analytics, and mobile and industry solutions. She is known for her work with teams to leverage data, analytics and cloud technologies to build deeper engagements with customers and partners.
With a passion for marketing, business and people, and a recognized expert in data-driven marketing and brand engagement, Maria talks to Business Chief about her new role, her leadership style and what success means to her.
You've recently moved from IBM to Kyndryl, joining as CMO. Tell us about this exciting new role?
I’m Chief Marketing Officer for Kyndryl, the independent company that will be created following the separation from IBM of its Managed Infrastructure Services business, expected to occur by the end of 2021. My role is to plan, develop, and execute Kyndryl's marketing and advertising initiatives. This includes building a company culture and brand identity on which we base our marketing and advertising strategy.
We have an amazing opportunity ahead at Kyndryl to create a company brand that will stand apart in the market by leading with our people first. Once we are an independent company, each Kyndryl employee will advance the vital systems that power human progress. Our people are devoted, restless, empathetic, and anticipatory – key qualities needed as we build on existing customer relationships and cultivate new ones. Our people are at the heart of this business and I am deeply hopeful and excited for our future.
What experiences have helped prepare you for this new opportunity?
I’ve had a very rich and diverse career history at IBM that has lasted 25+ years. I started out in sales but landed explored opportunities at IBM in different roles, business units, geographies, and functions. Marketing and business are my passions and I landed on Marketing because it allowed me to utilize both my left and right brain, bringing together art and science. In college, I was no tonly a business major, but an art major. I love marketing because I can leverage my extensive knowledge of business, while also being able to think openly and creatively.
The opportunities I was given during my time at IBM and my natural curiosity have led me to the path I’m on now and there’s no better next career step than a once-in-a-lifetime-opportunity to help launch a company. The core of my role at Kyndryl is to create a culture centered on our people and growing up in my career at IBM has allowed me to see first-hand how to prioritize people and ensure they are at the heart of progress in everything Kyndryl will do.
How would you describe your leadership style?
I believe that people aren't your greatest assets, they are your only assets. My platform and background for leadership has always been grounded in authenticity to who I am and centered on diversity and inclusion. I immigrated to the US from Chile when I was 10 years old and so I know the power and beauty that comes from leaning into what makes you different from other people, and that's what I want every person in my marketing organization to feel – the value in bringing their most authentic self to work every day. The way our employees feel when they show up for themselves authentically is how they will also show up for our customers, and strong relationships drive growth.
I think this is especially true in light of a world forever changed by the pandemic. Living through such an unprecedented time has reinforced that we are all humans. We can't lead or care for one another without empathy and I think leaders everywhere have been reminded of this.
What’s the best leadership advice you’ve received?
When I was growing up as an immigrant in North Carolina, I often wanted to be just like everyone else. But my mother always told me: Be unique, be memorable – you have an authentic view and experience of the world that no one else will ever have, so don't try to be anyone else but you.
What does success look like to you?
I think the concept of success is multi-faceted. From a career perspective, being in a job where you're respected and appreciated, and where you can see how your contributions are providing value by motivating your teams to be better – that's success! From a personal perspective, there is no greater accomplishment than investing in the next generation. I love mentoring younger professionals – they are the future. I want my legacy as a leader to include providing value in work culture, but also in leaving a personal impact on the lives of professionals who will carry the workforce forward. Finding a position in life with a job and company that offers me a chance at all of that is what success looks like to me.
What advice would you give to your younger self just starting out in the industry?
I've always been a naturally curious person and it's easy for me to over-commit to projects that pique my interest. I've learned over years of practice how to manage that, so to my younger self I’d say… prioritize the things that are most important, and then become amazing at those things.