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Frequently asked questions

All your questions answered

1. How does a company apply to be one of Indonesia's Best Managed Companies?

To be considered for a Best Managed Companies award, applicants go through a two-phase application process.

Phase I – The online application
The first phase verifies eligibility and should only take 30-90 minutes to complete the online form with the information on-hand.

Apply at: https://bestmanaged.awardsplatform.com/ by 31 December 2020.

 

Phase II – The applicant lab experience
Our Deloitte coaches and financial partners work with applicants in a one-to-one lab to understand the company’s business, provide insights, and help them benchmark against some of the strongest and most progressive private companies in the world.

The Best Managed benchmarks are observed best practice based on more than 25 years of the awards’ history.

The lab is two hours long.

Post-lab we share the Best Managed framework and benchmarks, and the applicant insights. Applicants use this information to complete their Phase II and final application.

Phase II applications close on 1 March 2021.

 

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2. Is there any cost to apply to be one of Indonesia's Best Managed Companies?

There is no cost to participate in the program.

 

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3. When do applications close?

Phase I submissions close on 31 December 2020. Applicants who progress must complete their Phase II application by 1 March 2021.

 

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4. How does the applicant lab experience work?

Our Deloitte coaches and financial partners work with applicants in a one-to-one lab to understand the company’s business, provide insights, and help them benchmark against some of the strongest and most progressive private companies in the world.

The Best Managed benchmarks are observed best practice based on more than 25 years of the awards’ history.

The lab is two hours long.

Post-lab we share the Best Managed framework and benchmarks, and the applicant outputs. Applicants use this information to complete their Phase II and final application.

 

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5. What privacy policies apply in the handling of company information?

All submissions are confidential and the program is compliant with Deloitte's strict privacy and confidentiality policies.

 

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6. About the awards ceremony

We welcome the winners of Best Managed Companies Indonesia to join us at an awards ceremony where we celebrate the achievements of all the companies who have been awarded this prestigious title. Winning companies are provided a number of tickets and are welcome to bring along their management teams and other guests including clients, suppliers and business associates.

 

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7. About the regional symposium

The Best Managed Companies symposium is a regional annual event. The symposium is a half-day format. It’s an exclusive invitation-only event for the key executives from the winning companies.

Business educators, thought-leaders and industry experts present a number of panel and interactive sessions providing insights and practical, targeted advice relevant to private companies. It also allows company executives to share best practices and new ideas, while learning practical tools that Best Managed leaders can apply to drive initiatives within their business.

 

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8. About the global program

In association with Deloitte Private, Best Managed Companies is currently active in more than 20 countries in the Americas, Europe and Asia Pacific. The program commenced in Canada more than 25 years ago and the most recent launches include the US, China, Australia and programs in Southeast Asia.

 

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9. Is Best Managed Companies an annual award?

Winners have the opportunity to re-qualify as a Best Managed company after their initial win, subject to an annual operational and financial review. If companies re-qualify over several consecutive years, they qualify for the prestigious Gold & Platinum Awards. Here's how it works:

Year 1 - Best Managed new winner
Year 2&3 - Best Managed re-qualifier
Year 4 - Gold Standard winner
Year 5&6 - Gold Standard re-qualifier
Year 7 onwards - Platinum Club winner

 

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