Deloitte, the leading business advisory firm, in association with Barclays, is encouraging indigenous companies from Northern Ireland to submit their applications for the 2013 Best Managed Company Awards Programme.
Best Managed Company Awards
The awards programme, now in its sixth year, recognises companies of outstanding quality across the island of Ireland that have demonstrated superior business performance and achieved growth in today’s particularly challenging market place. The winners over the first five years of the programme have total revenues of approximately €11 billion, emphasising the value of indigenous companies to economic recovery and growth across both Northern Ireland and Ireland.
Competing companies will be put through a rigorous judging process, measuring a company’s performance using a wide range of criteria including strategy, capability, commitment, financials and management performance across all key functions of the business. This year, of particular interest to the independent judging panel, are the pioneering ways that companies are pursuing and achieving growth in a testing economic environment.
The only awards programme that considers companies from every perspective and evaluates the management practices of companies, the Best Managed Companies judging panel will take a holistic view of the companies, their performance in relation to their peers, and the industries that they are operating in, in order to determine management success. Three Northern Ireland companies – Kestrel Foods Ltd McCue Interior Fitout Solutions and Blackbourne Integrated M&E – demonstrated superior business performance and were named among the winners in last year’s awards.
20 Companies with Superior Business Performance
Twenty companies which demonstrate superior business performance will be recognised at the end of the Best Managed Companies process in March 2014, with three companies specifically identified for high quality submissions in the areas of strategy, capability and commitment, which are the cornerstones of the Best Managed Company assessment criteria.
Glenn Roberts, Senior Partner at Deloitte Belfast noted: “This year, the judges will be paying close attention to the growth strategies that companies are employing to drive growth and profitability. Achieving growth in the domestic economy has been a significant challenge for those operating in the indigenous sector in recent years, requiring innovative strategy and management capabilities. These skills are very much in evidence in the existing network of over 80 ‘best managed’ companies in Ireland including 20 in Northern Ireland. The judging panel has observed a number of strategies that companies have deployed – be it implementing efficiencies, expanding into new markets, or capturing a greater share of existing markets. We look forward to welcoming new companies embodying these successful traits, who have created their own unique formula for success.”
Adrian Doran, Director of Barclays Bank Northern Ireland, said: “Indigenous businesses and their continued success are critical to the economic recovery in Northern Ireland. These awards provide an opportunity to turn the spotlight on these companies and their achievements and highlight their continued efforts to demonstrate excellent business performance in what is an extremely tough economic environment.”
The awards, which are open to companies from all 32 counties on the island of Ireland, offer benefits to all companies entering the Best Managed Companies Awards programme – not just the winners. Valuable insights into the ingredients for long-term success of their business will be available to all applicants – and those who progress through the awards process will receive customised feedback and coaching from Deloitte and Barclays, thereby benefiting from experienced business acumen and expertise.
In addition, winners also receive national and peer recognition, the opportunity to network with their peers in the industry at a gala awards ceremony and attend a symposium organised by the IMI. The ’Best Managed’ designation is an important marketing tool – but, perhaps most importantly, the awards provide a reason to celebrate the efforts of the entire company.
For further information and details of how to enter the awards, visit www.deloittebestmanaged.ie. The closing date for entries is August 16 2013.
The winners of the Deloitte Best Managed Companies Awards will be announced in March 2014.