Methodology has been saved
The global framework for Best Managed Companies
Best Managed Companies is a programme aiming to challenge and recognise the overall strength of successful privately-owned companies, while coaching and recognising their leadership teams.
What constitutes a Best Managed Company?
Deloitte has found that four leading practices are adopted by Best Managed Companies and set them apart from the average and ensure they sustain exceptional performance.
An independent jury of academics and entrepreneurs evaluates applicants against the following criteria:
Best Managed Companies apply a formal methodology for strategy development, execute strategy through strong governance, implement programme management and metrics to measure progress, and clearly and consistently communicate the strategy internally and externally.
Best Managed Companies seek to think differently relative to their competitors and focus on embracing innovation and efficiency, develop skills through partnerships, and focus on attracting and retaining the right people internally.
Best Managed Companies focus on building a ‘one-team’ culture, promote desired behaviour through an effective performance management process and holistic compensation package, and address succession planning by investing in the NextGen.
Best Managed Companies grow and maintain strong P&L and balance sheets, apply key customised metrics, install a mature reporting system to drive business decisions, and build and sustain strong relationships with financial stakeholders.
Throughout the years, the Best Managed Companies methodology has been further developed and the insights gained are bundled to develop a world class workshop: the Best Managed Lab Experience.
This immersive one-day experience is designed to enable leaders to gain valuable insights into their business.