Article

About Best Managed Companies 2023

Learn more

Applicants must progress through the below two phases to be considered as a Best Managed Company:

Phase 1 application: Interested companies will be asked to fill out a Stage 1 application on the Best Managed Companies’ secure website. This will give a high-level overview of the business, ensuring that the company is best suited to gain value from the Best Managed Companies programme.

Phase 2 application: Companies identified to move on to the next phase will participate in a Best Managed Lab with trained Deloitte coaches. The lab deep-dives into the company’s strategy, governance, culture capabilities, and innovation. Using the information from this lab, companies will complete a more detailed application.

Applications will be reviewed by an independent judging panel, who will determine which companies will receive the “Best Managed Companies” designation in 2023. Companies awarded the “Best Managed” designation will be recognised at a gala dinner

Applicants are evaluated against four pillars to determine if they qualify as a Best Managed Company.

Strategy

  • Execute a formal methodology for strategy development
  • Ensure that the strategy reflects all stakeholders
  • Have the right capabilities and metrics in place to execute the strategy
  • Clearly and consistently communicate the strategy to all levels of the organisation

Culture and Commitment

  • Build a strong corporate culture and legacy
  • Actively develop their people and leadership team
  • Provide a holistic compensation system
  • Address continuity issues within the company

Capabilities and Innovation

  • Develop valuable capabilities and resources
  • Are highly execution-oriented
  • Are focused on productivity and innovation
  • Demonstrate thoughtfulness about hiring the right people to execute the business model and strategy

Governance and Financials

  • Install strong governance structures
  • Use KPIs to manage their progress
  • Maintain a strong balance sheet
  • Apply the financial discipline required to drive revenue growth, improve operating margin, and increase asset efficiency

How will participants derive value from the Best Managed
Companies programme?

  • The Best Managed programme gives applicants the chance to get an external view of their business through extensive support from assigned Deloitte coaches.
  • Winners receive market visibility and credibility through media exposure and the exclusive use of the “Best Managed Companies” designation which represents trust and helps attract top talent.
  • The participants benefit from rich networking opportunities with other business leaders through programme events and professional development, and through business discovery sessions.
  • Winners become a part of the growing “Best Managed” community throughout the world.

How can my company apply for the programme?
Applications are currently by invite only.

How much does it cost to apply to the Best Managed Companies program?
Nothing – your entry is completely free of cost.

How does the coaching process work?
The coaching is part of the Phase II application process. Our coaches will work with programme entrants through a Best Managed Lab, working carefully to fully understand your business and provide you with useful insight.

How much time will be required from my company’s leadership team?
The Best Managed Lab will run for up to three hours – the lab works best when the entire leadership team is there or at least a cross section who can speak to the different business functions. A representative from the company will also need to spend 1.5 – 2 hours completing the required application.

Did you find this useful?