Posted on Tuesday 17 July 2012 by Ulster Business

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The Machinery of a Best Managed Business: Michael Black from Aepona, one of 2011’s Deloitte Best Managed Companies joins Deloitte Belfast’s Senior Partner Glenn Roberts to launch the 2012 search in Northern Ireland.

Business advisory firm Deloitte is encouraging local companies to submit their applications for the 2013 Best Managed Companies Awards Programme, in association with Irish Life Corporate Business.

Now in its fifth year, the business awards programme will recognise quality companies across the island of Ireland that have demonstrated superior business performance.

The winners over the first four years of the programme have total revenues of over €10bn and employ over 24,000 people, emphasising the importance of indigenous companies to the economies of both Northern Ireland and Ireland.

The Best Managed Companies judging panel will take a holistic view of the companies, their performance in relation to their peers, and the industries that they are operating in, in order to determine management success. Four Northern Ireland companies – Aepona, Dairy Farm Training & People, Mash Direct and Patton Group – demonstrated superior business performance and were named among the winners in last year’s awards.

Glenn Roberts, Senior Partner at Deloitte Belfast highlighted the benefit of joining the growing network of Best Managed Companies: “Currently there are approximately 70 ‘best managed’ companies across the island of Ireland including 17 in Northern Ireland. We are encouraging other NI companies to enter the programme and so be in with a chance of joining this winning network of companies. Winning companies consistently tell us how valuable it is to be part of the group of best managed companies – both in terms of sharing their experiences in the current marketplace but also the possible business opportunities that can result.

“This year, the judges will be paying close attention to the innovative strategies companies are adopting to ensure their continued success. Some of the successful traits companies have demonstrated over the first four years of the programme include the ability to monetise their intellectual property, recognition of the different roles of the entrepreneur and management in addition to an ability to recognise and act upon weaknesses and threats and reassess necessary skills to successfully execute their strategies. Those companies who believe they are implementing similar successful strategies should certainly look to reap the rewards this programme can bring to their company.”

Twenty companies which demonstrate superior business performance will be recognised at the end of the Best Managed Companies process in March 2013, with three companies specifically identified for high quality submissions in the areas of strategy, capability and commitment, which are the cornerstones of the Best Managed Company criteria. The closing date for entries is 24 August 2012.

An independent judging panel will measure prospective companies’ performance by looking at a broad range of criteria including strategy, capability, commitment, financials and management performance across all key functions of the business.

Deloitte is encouraging companies from all industries to submit their applications for the awards. Last year’s winners came from a variety of different sectors including IT, telecommunications, hospitality and catering, outsourcing, and design and print, among others.

For further information and details of how to enter the awards, visit www.deloittebestmanaged.ie.

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