Fortune magazine has named Tyson Foods, Inc. as one of "America's Most Admired Companies." The magazine compiles a list of top companies each year. Tyson Foods was one of six companies to make the most admired list in the Food Production category and the only meat company among them.
Fortune assesses leading businesses in 57 industry sectors. It partners with the Hay Group which surveys executives, directors and analysts within their respective industries to rank the companies on nine criteria, including financial attributes, corporate social responsibility and product quality, among others. Tyson Foods has perennially been on the contenders list for "most admired" recognition, but 2014 marks the first time since 2007 that it has received the top designation.
Among the survey respondents, Tyson Foods scored its highest ranking for innovation. On the campus of the company's corporate offices in Springdale, Ark., is the Tyson Discovery Center, its hub of food innovation. The Tyson Discovery Center houses the company's research and development team, complete with home and commercial test kitchens, focus group facilities and a 40,000 square foot pilot plant that duplicates processes in the company's production plants.
Source: Tyson Foods