Successful businesses are not determined by so many factors such as media hype or popularity but by market capitilization.
These successful businesses ranging from retail giants to tech titans have attained unheard-of levels of success in both terms of their financial performance and global impact.
They have changed entire industries, established new benchmarks, and left behind an enduring legacy.
But what distinguishes these businesses from the competition? Why did they succeed where others failed, and how did they do it?
Are questions we might be touching on in subsequent articles, not this one, so that the main focus of this article is not lost by so much distracted information.
These businesses are similar in terms of how they have been able to stand the test of time as many of them have been in existence for more than two(2) decades.
They were able to attain such a feat through a biological term called; “adaptation”.
They recognized and acted on the value of staying ahead of the curve and had no doubts about taking chances or embracing innovation.
Their capacity to recognize and put customers first and above their company’s personal needs (Return on Investment) added to their survival all these years. -The beauty of customer satisfaction is that they will always come back for more.
And as long as the quality of the goods and service remains top-notch, customers will remain loyal -That is a strategy that fuels every successful business, and these 5 most successful businesses are not exempted from using such a principle.
Now let’s explore the 5 most successful businesses and what makes them stand out.
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- Year Founded: 1976
- Market cap: $2.65 trillion
- Revenue (TTM): $378.3 billion
- Net income (TTM): $100.5 billion
- Exchange: Nasdaq
The success story of Apple is one story that every serious-minded entrepreneur must have read about or watched as a movie or documentary.
Apple company started in a garage in the year 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. The first product that was sold was Wozniak’s Apple I personal computer.
Apple was later incorporated by Jobs and Wozniak as Apple Computer, Inc. in 1977 after Ronald Wayne sold his shares to both Steve and Wozniak for a cheap sum of $800 which he still regrets to this day.
In the process of time, Apple Inc became, and still is, the world’s leading technology company with the best innovative products, such as the iPhone, iPad, and MacBook.
Apple Inc doesn’t only standout from its competitors but has been the largest market shareholder for a very long time, and they were able to achieve it by using these three strategies
- Enticing Marketing Strategy
- Closed Ecosystem
Those three strategies have been the blood stream to the success of Apple Inc, that customers are ready to pay premium price for their products because they know, they will get the value and even more than value they are paying for.
Saudi Aramco (2222.SR)
- Year Founded: 1933
Market cap: $2.33 trillion
- Revenue (TTM): $346.5 billion
- Net income (TTM): $88.1 billion
- Exchange: Tadawul (Saudi Stock Exchange)
Saudi Aramco is a renowned multinational petroleum and natural gas company based in Saudi Arabia. Its stock symbol on the Saudi Stock Exchange is “2222.SR”.
Saudi Aramco is owned by the state petroleum and natural gas company, and also known as Saudi Arabian Oil, is one of the world’s most profitable companies and one of the largest oil and gas companies in the world.
Founded in the year, 1933 as Standard Oil, but was later owned by the Saudi government. Its headquarter is located in Dhahran, Saudi Arabia.
The Company is responsible for the exploration, production, refinement, and distribution of oil and natural gas, and it operates a vast network of pipelines and facilities throughout the Middle East. The company is also involved in many other activities, such as petrochemicals, power generation, and water desalination.
Because of its strong financial power and commitment to excellence, it has become a major contributor to the Saudi Arabian economy and a major player in the global energy industry.
Microsoft Corp. (MSFT)
- Year Founded: 1975
- Market cap: $2.10 trillion
- Revenue (TTM): $184.9 billion
- Net income (TTM): $71.2 billion
- Exchange: Nasdaq
Founded by Bill Gates and Paul Allen in the year, 1975, Microsoft Corporation has grown to become one of the leading technology company in the world, with its headquarter situated in Redmond, Washington.
Microsoft Corp. (MSFT) is renowned for its popular software products such as; Windows operating system and Microsoft Office Suite.
Known for its strong research and development effort, they gone to produced quality personal computers, mobile phones, and gaming consoles (XBOX).
They also acquired LinkedIn in 2016, and also through the company’s main cloud platform, Azure, they have been able to gain popularity among businesses and organizations because of its reliability, security, and scalability.
Alphabet Inc. (GOOGLE)
- Year Founded: 1998
- Market cap: $1.54 trillion
- Revenue (TTM): $257.6 billion
- Net income (TTM): $76.0 billion
- Exchange: Nasdaq
Alphabet Inc. is a multinational technology company whose headquarter is located in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several other subsidiaries.
Formerly known as Google LLC. it was founded by Larry Page and Sergey Brin, on September 4, 1998.
Alphabet has a global presence, with operations and sales in over 100 countries. Its subsidiary company, Google has grown into the number one search engine globally.
More than just being the number one search engine, Alphabet Inc also offers a large range of technologies and digital services, such as;
- Android smartphone operating system,
- Chrome browser,
- Gmail email services,
- Google Drive online file storage,
- Google Maps,
- Google Photos,
- Google Play app store,
- Google Cloud
- Bard Ai
And many others, including the ones that are still in the idea stage.
Overall, Alphabet Inc. continues to drive growth and success through its diverse portfolio of hardware products such as; Pixel phones, Fitbit, and the Google Nest home collection.
The company also operates its Other Bets segment, which includes emerging businesses such as the self-driving car business Waymo.
Amazon.com Inc. (AMZN)
- Year Founded: 1994
- Market cap: $1.42 trillion
- Revenue (TTM): $469.8 billion
- Net income (TTM): $33.4 billion
- Exchange: Nasdaq
Amazon.com Inc (AMZN) is a multinationa e-commerce and technology company based in Seattle, Washington. It was Founded by Jeff Bezos in 1994. Since then it has grown to become the world number one online retail platform, with operations in over 20 countries.
Amazon’s e-commerce business includes merchandise and content that it purchases for resale from vendors and from other third-party sellers.
Apart for it being known as an e-commerce platform, it also offers a wide range of products and services such as; cloud computing, digital streaming, and artificial intelligence.
And amazingly, Amazon.com Inc is also the world’s biggest provider of cloud computing services, offering various subscription and web services, including its fast-growing streaming entertainment business.
Additionally, Amazon manufactures and sells electronic devices, such as Kindle e-readers, Fire tablets, Fire TV, and Echo and Alexa. The company also sells groceries through its subsidiary, Whole Foods Market Inc.
What has made Amazon standout all these years has been its strong customer focus and innovative business model. Its ongoing growth and success can be attributed to its ability to adapt to changing consumer needs and trends, as well as its commitment to continuously improving the customer experience.
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Four things are common among the 5 most successful businesses listed in this article;
- They all have a customer-centric approach,
- They are all focused on innovation,
- They all have effective marketing strategies, and
- They have the ability to adapt to changing market conditions
That have been their secret to remain relevnat in an increasingly competitve world. And if you want your company to be among the top 5 most successful business someday, following their footsteps will help you achive such a feat.
I hope i have been able to answer the question; “what are the 5 most successful businesses”.
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