Article
The four pillars of a Best Managed Company
Best Managed Companies Azerbaijan
Strategy
Alignment & implementation
- Clear choices are made & focus defined
- Clear communication through the company and process to ensure alignment
- A rigorous approach to assess and adapt the strategy on a regular basis by leadership team
- Strong vision on digitalisation and sustainability
Capabilities
Assets & innovation
- Attracting & retaining the right person in the right place
- Processes & systems in place to secure aligned decision taking
- Intentional approach to innovation that leads to sustainable growth
Commitment
Talent engagement & leadership
- Solid processes for performance review & talent development
- Leadership development programmes
- Continuity of business ensured by a thoughtful succession plan
- Deep attention to building a ‘one-team’ culture, creating alignment and maintaining commitment to the vision
Financial
Business insights & governance
- Strong reporting of what is relevant to steer the company
- Good risk management and controls in place
- A healthy balance sheet
- Top quartile financial performance with sustainable growth