How to win?
How are applicants evaluated and selected?
Evaluation and selection process
Following the application and evaluation process, an independent jury selects the final participants. The company’s results are benchmarked against all other Best Managed Companies finalists.
Best Managed Companies tend to exhibit the following attributes to enable sustained growth:
They have a formal methodology for strategy development, their strategy reflects all stakeholders, they have the right capabilities and metrics in place to execute their strategy, and they clearly and consistently communicate the strategy to all levels of the organisation.
Capabilities and innovation
They develop valuable capabilities and resources, are highly execution-oriented; are focused on productivity and innovation, and are conscious of hiring the right people to execute their business model and strategy.
Culture and commitment
They 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.
Governance and financials
They install strong governance structures, use KPIs to manage progress; maintain a strong balance sheet, and apply the financial discipline required to drive revenue growth, improve operating margin, and increase asset efficiency.