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India’s Best Managed Companies Programme
What is the process for becoming a Best Managed Company?
There are two stages involved in the Best Managed Company programme.
Stage 1: Invited Eligible companies will be asked to fill out a stage 1 application. This will give a very high-level overview of the business, ensuring the company is best suited to gain value from the BMC programme.
Stage 2: Companies identified to move onto the next phase will participate in a BMC Lab with our trained Deloitte coaches. This will be a half-day lab that deep dives into the company’s strategy, governance, culture capabilities and innovation.
Using the information from this lab, companies will fill out a second application. Applications will be reviewed by an independent judging panel, who will determine which companies will receive the Best Managed Companies designation in 2020. Companies awarded the Best Managed designation will be recognised at a Best Managed Companies marquee event.
What does the Best Managed Lab involve?
The Lab will run for up to three hours, during which trained Deloitte coaches and a company’s leadership team will collectively explore the management practices employed in their business and how this compares to global benchmarks. The interactive session requires no pre-work; participants will be asked to think about the business in relation to four key pillars – strategy, capability & innovation, culture & commitment and governance. The lab works best when we have the whole leadership team involved, or at least a cross section that can talk to the four areas.
The lab is the most efficient way to complete the phase 2 application with input from both a company’s leadership team and Best Managed coaches. We recommend that companies bring a marketing or communications colleague with them to take notes during the session and complete the phase 2 application afterwards. Following the lab, companies will be sent a report which will include the global benchmarking framework and copies of the posters completed during the session.