What is a Best Managed Company?
Australia’s Best Managed Companies celebrates exceptional private businesses and supports their ambitions in shaping tomorrow.
Based on Deloitte global insights generated from over 25 years of working with private companies from around the world, we have uncovered best practices from these leaders. Our rigorous process measures businesses against these benchmarks, evaluating the calibre of their management, abilities and practices.
Shortlisted businesses not only receive national marketing opportunities but gain a 360 degree view of their business. With access to a dedicated business coach and exclusive networking through our alumni community, our Best Managed Companies program does more than recognise success – it sets a foundation for even more of it.
Responding to COVID-19
In moments of uncertainty and concern, it's not only about what leaders of Best Managed companies do but equally how they do it that matters.
The COVID-19 pandemic is a global crisis without modern parallel. The lack of precedent for a black swan event so broad in its impact across geographic, demographic, and economic sectors explains why many public and private sector organisations were already becoming strained even before the World Health Organization officially declared a pandemic on March 11, 2020.
The full impact of this epidemic on businesses is still unknown, however one thing is certain: this event is having global economic and financial ramifications that will be felt for years to come and accelerate a number of underlying trends impacting business.
The actions companies are taking now will set the course for their future success for years to come!
What you need to know
When it comes to Best Managed Companies, there are six key reasons to enter:
We provide you with a tailored coaching process – giving you an external view of your business strategy and performance.
The opportunity to access rich networking opportunities with other business leaders through program events, professional development and business discovery sessions.
Increased market visibility and credibility for winners through media exposure.
Membership in the growing Best Managed Companies network throughout the world.
Exclusive use of the Best Managed Companies logo – a globally recognised symbol of credibility, helping to attract top talent and facilitate business.
Our program helps drive long-lasting business outcomes. And we have the research to prove it.
What we measure
Companies are evaluated across the following areas:
Best Managed Companies apply a formal methodology for strategy development, ensure the strategy reflects all stakeholders, have the right capabilities/metrics in place and clearly and consistently communicate the strategy to all levels of the organisation.
Culture and Commitment
Best Managed Companies build a strong corporate culture and legacy, actively develop their people and leadership team, provide a holistic compensation system, create an inclusive culture and address continuity issues within the company.
Capabilities and Innovation
Best Managed Companies develop valuable capabilities and resources, are highly execution-oriented, are focused on productivity and innovation, and are thoughtful about hiring the right people to execute their business model and strategy.
Governance and Financials
Best Managed Companies install strong governance structures, use KPIs to manage their progress, maintain a strong balance sheet, and apply the financial discipline required to drive revenue growth, improve operating margin, and increase asset efficiency.
While this framework remains relevant as ever, Best Managed Companies leaders must also consider the key implications COVID-19 are having on their business and what leading practices they can leverage.
Companies who want to apply must meet the following criteria:
- In operation for more than three years with financial documentation
- A privately owned enterprise
- Revenue greater than AUD$75 million in the most recent year of business
- Headquartered in Australia
The following companies are ineligible:
- Public companies
- Foreign multinationals and their subsidiaries
- Credit unions/insurance companies/banks/co-ops
- Charities and not-for-profit organisations and their subsidiaries
- Government-owned/public sector agencies
For questions concerning eligibility, please contact firstname.lastname@example.org
How does a company apply to the Australia’s Best Managed Companies program?
Complete your application here.
Is there a cost to apply to the Australia’s Best Managed Companies program?
There is no cost to apply.
When is the deadline to apply?
Phase I applications for Australia’s Best Managed Companies 2021 close at 5:00pm AEDT on Friday 14 May 2021.
How does the coaching process work?
Expert Deloitte coaches work with candidates to understand their business, provide insight and facilitate the Best Managed Lab as part of the Phase II application process.
Can I save my information and come back to finish the application at a later date?
Yes. An applicant can save and return to complete their application by logging into their profile via the registration link.
Meet the 2019 winners
ActronAir is passionate about designing and engineering the most comfortable and efficient air conditioners in the world. As Australia’s largest locally-owned air conditioning manufacturer, ActronAir has spent more than 35 years designing, manufacturing and supplying air-conditioners specifically built for Australia’s unique climate conditions.
The Alto Group was started in 1956 by George Altomonte as a petrol station and workshop in Chatswood. Today the business is a leading, family-owned organisation with interests across motor vehicle retail, property, rural and finance operations. Its focus is on providing excellent customer and employee experience, epitomised by its company philosophy, "everything we do is driven by you".
InfoTrack is the leading innovator in legal technology. It provides an integrated platform that enables clients to find, analyse, organise and communicate information efficiently and effectively. InfoTrack has been at the forefront of helping businesses through technology innovation for over 19 years and has a deep understanding of the legal conveyancing industry,
Intrepid Travel Group
As the world’s largest adventure travel company, Intrepid’s mission is to ‘change the way people see the world’ by delivering sustainable, experience-rich products. Not only is Intrepid committed to giving customers a travel experience they’ll love, but also using the power of travel to benefit the places and people they visit.
Since 1977, King Living has been at the forefront of Australian furniture design. With a reputation that’s built on steel, King Living creates contemporary, award-winning furniture that’s made to last. The company’s key to success has been its strategy of designing, manufacturing, retailing and servicing its own products, ensuring greater customer engagement and quality
From humble beginnings as a BP service station in 1960, the Motorama Group has grown to be one of Queensland’s largest family-owned automotive retailers, with multi-franchise dealerships across the south side of Brisbane. A values-driven company, Motorama has a focus on providing exceptional customer experience, epitomised in its vision statement, ‘Customers for life’.
Northern Territory Airports
Through innovation, strategic planning and long-term commitment, NT Airports now welcomes more than three million passengers a year to the NT, across its three airports in Darwin, Alice Springs and Tennant Creek. NT Airports is a major leader of economic growth and sustainability in the Territory, and is an integral part of the local communities in which it operates.
Established in 1982 with the launch of Reebok, True Alliance is one of the largest distributors of fashion, sportswear and outdoor clothing in the Australian and New Zealand markets. A family-owned business and custodian of 18 global brands, True Alliance is focused on adding value and executing global strategies of each brand at a local level.
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