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About Best Managed Companies 2023

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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
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