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&lt;p&gt;Each year since 1997, the research consultants at Hay Group have teamed up with the editors at &lt;em&gt;Fortune&lt;/em&gt; magazine to rank the top 50 most admired companies in the world.  This year was no different, as the pair released the 2011 rankings late last week.  Consulting firms continued a barren streak on the list; Accenture, which came in tied for 49th, was the only legit consultancy to crack the top 50.  Accenture also took the No. 2 spot in the IT Services subsection, behind IBM.&lt;/p&gt;&lt;p&gt;&lt;img style=&quot;float: left;&quot; src=&quot;http://www.vault.com/VCM/articles/hay.png&quot; alt=&quot;&quot;&gt; was responsible for the research and execution of the rankings, derived from a survey that polled roughly 15,000 senior businesspeople around the world.  The firm&#39;s methodology dictates that participating companies must meet or exceed $10 billion in annual revenue; that would both explain Accenture&#39;s inclusion (one of the 100,000+ giants of the consulting world) and the exclusion of leading lights Bain, BCG and McKinsey, which have much smaller headcounts and annual revenues well under $10 billion.&lt;/p&gt;&lt;p&gt;Mel Stark, Hay Group VP, stressed that there were practical business lessons to be gleaned from the results.  &quot;Employee engagement has become critical to organizational performance, particularly as we emerge from a time when many employees were asked to do more with less,&quot; he said.  &quot;The World&amp;rsquo;s Most Admired Companies understand that money is not always what matters most to employees and over the past year, they have focused on fostering work-life balance for employees, while increasing productivity and decreasing the likelihood that work tasks will crowd out personal time.&quot;&lt;/p&gt;&lt;p&gt;While Hay Group toiled to lend strategic insight to its raw data, &lt;em&gt;Fortune&lt;/em&gt; simply converted it into a 50-company list and offered little further information of use.   The publication failed to offer as much as a sentence about Accenture&#39;s triumph, so we&#39;ll give voice to those Facebook users who commented on its inclusion.  A brief sample:&lt;/p&gt;&lt;p style=&quot;padding-left: 30px;&quot;&gt;&lt;em&gt;&quot;Proud to be a part of such admired organization!&quot;&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;padding-left: 30px;&quot;&gt;&lt;em&gt;&quot;Arthur Anderson reincarnated.&quot;&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;padding-left: 30px;&quot;&gt;&lt;em&gt;&quot;Certainly one of the more admired companies.&quot;&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;padding-left: 30px;&quot;&gt;&lt;em&gt;&quot;Clearly none of the people involved in ranking these companies has ever had to rely on Accenture to fix anything for them.&quot;&lt;/em&gt;&lt;/p&gt;&lt;p&gt;So there you have it: While business leaders across the globe rate Accenture among the world&#39;s most admired companies, more than a few interested parties on the ground would beg to differ.  As is the case with all consulting firms, I should note.  Consultants are a schizophrenic bunch indeed.&lt;/p&gt;&lt;p&gt;Oh, and Apple took top spot for the fourth year in a row.&lt;/p&gt;&lt;p&gt;&lt;strong&gt;For more information:&lt;/strong&gt;&lt;br&gt; &lt;em&gt;Fortune&lt;/em&gt;&lt;br&gt; Hay Group: How we identify and rank the Most Admired&lt;/p&gt;

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