A decade of delivering the Deloitte Best Managed Companies Awards
Anya Cummins, Lead Partner, Deloitte Best Managed Companies programme looks ahead to this year’s Symposium and Gala Awards.
This week Deloitte will celebrate 10 years of the Best Managed Companies programme. The Symposium and Gala Awards this year take place on the 15th of March, a little later than usual due to the Beast from the East!
All of the winning companies attend and this network of remarkable achievers is made up of Ireland’s most successful businesses. Looking back to year one the programme had 25 winners, ten years on, the network now comprises of 137 companies, some new winners, others who have requalified year after year with many securing either gold or platinum status.
The network is a mix of sectors but they have a lot in common. They are all experiencing superior business performance due to the commitment, ambition and dedication of their senior management teams.
Each company is coached and challenged by coaches from Deloitte and Bank of Ireland so that they can achieve and strive for exceptional financial growth. Business strategies are evaluated and together we all work to help to make them even better than they are today. This collaborative approach has brought real and meaningful impacts to each company.
The awards also bring national and international recognition of the work being done and offers fantastic learning at our annual Symposium and networking opportunities at other events throughout the year. The accolade also helps businesses to attract and maintain top talent.
There are a number of key themes that emerge each year and the participating companies report on these and how they are managing them. This year they were:
- Performing in an unstable economic environment and some of the innovative and clever ways in which businesses have done that.
- Best in class management teams, committed, capable, experienced and really driving the growth of the businesses.
- Funding for growth - well capitalised balance sheets and really strategically thinking about business plans and how to fund growth in the business.
- SWOT analysis and actively addressing each area and capitalising them.
- The value of the external eye has been a real feature this year and really recognising the value of independent directors on the board, non-family members in the business, and the value the external view can bring to a business that’s seeking to be best in class.
The judging panel is made up of an experienced group of Irish business leaders including Frank Ryan, Brendan Jennings the Managing Partner of Deloitte, Ian Kehoe from the Sunday Business Post, Tom Hayes the Chief Executive of Corporate Banking in Bank of Ireland and Siobhan McAleer from the Irish Management Institute.
This judging panel has evaluated the submissions across four key pillars. Strategy, capability, commitment and financial performance and the winning companies will be announced on Thursday. Best of luck to all involved and we look forward to celebrating your success.
The Deloitte Best Managed Companies programme, in association with Bank of Ireland, promotes and recognises excellence in Irish/Northern Irish owned and managed companies. It is the only awards scheme on the island of Ireland that considers a business’ performance from every perspective. Entrants to the programme will compete for this designation in a rigorous and independent process that evaluates the calibre of their management abilities and practices.
Programme sponsors are Bank of Ireland, the Irish Management Institute and the Sunday Business Post.