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Why These 6 Corporate Giants Are Profitable - Sophia Belnap - ContactCenterWorld.com Blog

Why These 6 Corporate Giants Are Profitable

Some companies manage to thrive in a recession while many are drifting downward. Usually, the "rich get richer" adage holds with a minor tweak that reads "the big get richer." Of course, many big corporations make a tidy profit no matter the economic conditions, but this list of our top six money-making behemoths demonstrates why size matters.

 

Big Enough To Protect the Assets

Big corporations tend to fare better in challenging times because they have resources to protect their assets from loss. For example, cybersecurity is a fundamentally tricky issue in today's world. Big companies have staff and help to protect data from criminals and pranksters. But smaller companies struggle to keep up with the threat environment.

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Services like MDR ROI can help mitigate the suffering. Of course, leveraging that big corporate money can have advantages, but it isn't everything. Sometimes a well-executed game plan can be as effective as a big, well-funded, highly-trained IT staff.

The following mega-companies enjoy the best of both worlds: a well-planned and executed strategy and deep pockets to make it all look easy.

 

Walmart

The retail monolith has come a long way since its founder Sam Walton used to walk the stores to make sure employees were helping customers. Now the powerhouse operates hypermarkets with revenue above $559 billion.

Everyone knows why Walmart is successful—they have everything. Well, their low prices and the perception that they have everything. But, they only have some things, many things, but not everything.

 

Visa

The next time you reach for that magic piece of plastic to pay for your purchases, remember that Visa cleared over $486 billion last year.

This company makes money the old-fashioned way; they loan it to suckers. In reality, you wouldn't expect that a business model of lending money at a variable interest rate would create many takers, but somehow it does.

 

Tesla

No matter your opinion of the billionaire bad boy who owns it, Tesla is the world's largest electric vehicle manufacturer, so he's doing something right.

Electric cars are inevitable with the global push for sustainable energy conquering the world's governments. Tesla started the demand for EVs that work well and have personality. However, the rest of the industry is still trying to catch up with it.

 

Alphabet

Alphabet measures its profits in the trillions. Yes, you read that right.

You know Alphabet as the parent company of Google and all of its subsidiaries. But unfortunately, making money in the information age requires the tech-savvy to enslave the world, and the folks over at Alphabet have figured out the algorithm to do just that.

 

Samsung

Everyone knows Samsung manufactures quality electronic products, but not many know the corporate giant is also a player in the financial services, construction and retail sectors.

If you have ever owned a Samsung phone, you understand partially why the company makes so much money. They care about what they produce and strive to make it work as advertised.

 

Proctor & Gamble

If you like food, snacks and beverages, welcome to the party! Proctor & Gamble knows the value consumers across the globe place on quality snacking time. The company brought in roughly 76 billion dollars last year. But, that's not all; the company is also a major producer of all types of health, beauty and sanitary products.

 

Room for the Little Guys

The nice thing about the free market economy is that no matter how many giant corporations rake in massive profits, there is always room for the next disruptive technology to show up on the scene. So whenever the big guys start to get too comfortable, you can almost guarantee that a disruptor is just around the corner to knock them down a peg or two.

Publish Date: May 24, 2022 3:40 PM

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