NCCSL NATIONAL BUSINESS EXCELLENCE A W A R D S - 2 0 1 2 Recognizing the Powerhouses of the Economy Presented by: Prasantha Abeykoon BSc, MBA, ACA, FCMA Chairman/Principal Consultant Management Frontiers (Pvt) Limited (Management Consultants )
NCCSL NATIONAL BUSINESS EXCELLENCE A W A R D S Contents Introduction Objectives Conceptual Framework Classification of Award Eligibility Evaluation Procedure Evaluation and Measurement Criteria Benefits
NCCSL NATIONAL BUSINESS EXCELLENCE A W A R D S Introduction The National Business Excellence Award (NBEA) is an annual award competition conducted by the National Chamber of Commerce of Sri Lanka (NCCSL) with a view to recognize the business enterprises, which have demonstrated excellence in business whilst contributing to the economic progress of the country.
NCCSL NATIONAL BUSINESS EXCELLENCE A W A R D S Objectives To recognize and reward contribution made to the economic progress of the country (Realized growth) To recognize enterprises who have created capacity for economic growth and employment generation (Future growth)
NCCSL NATIONAL BUSINESS EXCELLENCE A W A R D S Objectives To recognize enterprises who have built sustainable global market competitiveness (Sustainable growth) To recognize enterprises who have institutionalized best practices and business excellence. (Performance Management)
NCCSL NATIONAL BUSINESS EXCELLENCE A W A R D S Conceptual Framework Market Access Realized Growth Output Investment Growth Innovation Sustainable Growth Profits Strategy Future Growth Capacity Technology B E S T P R A C T I C E S C O R P O R A T E G O V E R N A N C E & C S R
Classification of Awards Overall Winner-Excellent Business of the Year Gold Silver Bronze 1. Award for the Excellence in Business and Financial Performance 2. Award for Global Reach 3. Award for the Best Knowledge Integrator 4. Award for the Best Tech Savvy Company 5. Award for the Best Capacity Builder 6. Award for Excellence in Performance Management Practices Small Sector Medium Sector Large Sector Extra Large Sector • Excellent Business • Excellent Business • Excellent Business • Excellent Business Award Award Award Award • First Runner-up • First Runner-up • First Runner-up • First Runner-up Micro Business Sector • Excellent Business Award • First Runner-up
Classification of Awards Sectoral Awards Two Awards for each sector Winner, and First Runner-up Excellent Business Award – Agriculture , Plantations & Livestock Excellent Business Award – Banking & Financial Services Excellent Business Award - Construction Excellent Business Award – Manufacturing - Engineering Excellent Business Award – Manufacturing – Chemical & Ceramic Excellent Business Award – Manufacturing – Food & Beverage Excellent Business Award – Manufacturing – Apparel, Textile and Leather Products Excellent Business Award – Manufacturing – Non – Traditional Excellent Business Award – Manufacturing – State Sector Excellent Business Award – Manufacturing – Other Excellent Business Award – Hospitality
Classification of Awards Sectoral Awards Two Awards for each sector Winner and First Runner-up Excellent Business Award – Insurance Excellent Business Award – Gem & Jewellery Excellent Business Award – Printing and Related Services Excellent Business Award – Healthcare Services Excellent Business Award – ITC & Media Services Excellent Business Award – Infrastructure & Utilities Excellent Business Award – Associations and Societies Excellent Business Award – Shipping and Shipping Related Services Excellent Business Award – Trading Excellent Business Award – Other Services / Other There are over 80 Awards in total for the year 2012
Eligibility Any registered business organization domiciled in Sri Lanka and has been in operation for a minimum period of 3 years prior to the application date may apply for the award.
Award Categories The contestant enterprises will be grouped into one of the for categories as follows: 1. Extra Large 2. Large 3. Medium 4. Small 5. Micro
Applicant Categories Category No. of full time Total Capital Turnover (b) Employees Employed Rs Extra Large 5,000 and over 5.0 Bn and 5 Bn and over over Large 1,000 – 4,999 1.0 Bn – 4.999 1.0 Bn – 4.999 Bn Bn Medium 100 - 999 100 Mn – 999 100 Mn – 999 Mn Mn Small 26 - 99 15 Mn – 99 Mn 25 Mn – 99 Mn Micro Less than 25 Less than 15 Less than 25 Mn Mn
Evaluation Procedure Application will be evaluated on the basis of a 8 point criterion described below. Applications are reviewed and evaluated by members of the evaluation committee in a 3 stage process.
Evaluation Procedure First Stage - Desk Review Reviewed by technical panel and preliminary marks indicated. Second Stage – Interviews by the PoJ The Panel of Judges (PoJ) will conduct interviews of the short- listed organizations. (30 Marks will be awarded by PoJ). Third Stage - Judges’ Final Review The panel of Judges would make the final selection of winners.
Evaluation Criteria Criteria Weightage 1 Business and Financial Performance 30% 2 Global Reach 10% 3 Knowledge Integration 10% 4 Technological Investment 10% 5 Capacity Building 15% 6 Performance Management 15% 7 Corporate Governance 5% 8 Corporate Social Responsibility 5% Overall Score 100%
1. Award for the Business and Financial Sustainability The company which has demonstrated financial stability and steady growth and balanced business portfolio.
Growth The company which has increased the value addition bigger and faster.
Performance against the Industry The company which has constantly outperformed the industry.
Measurement Criteria 1. % growth in EBIT as against last year 2. % growth in EBIT over last 3 years (weighted by the year) 3. EBIT as a % Turnover - Last year & Average for last 3 years 4. EBIT over Assets - Last year & Average for last 3 years 5. NPBT as a % of Turnover over last year and weighted average last three years 6. Customer Concentration = % revenue from top 3 customers 7. Market concentration = % revenue from the biggest segment (either geographical or industry segment)
Measurement Criteria 8. Product concentration = % revenue from the highest revenue earning products 9. % increase in value addition over last year and weighted average last 3 years 10. Rupee increase in value addition over last year and weighted average last 3 years 11. No. of employment opportunities generated during the last year and weighted average last 3 years
Measurement Criteria 12. Ratio of average company ROA against industry ROA over last year and weighted average for last three years. (Based on CSE industry category & company’s) 13. Ratio of average turnover growth of the company Vs. average turnover growth of listed companies in the same industry over last year and weighted average for last three years.
2. Global Reach Award The company who has grown their breath and the depth in the global market.
Measurement Criteria 1. No. of countries exported and foreign operations 2. Revenue from markets entered in the last 5 years as a % of export revenue/foreign operations 3. Revenue from markets entered in the last 5 years as a % of total revenue 4. % growth in total export/foreign operations’ revenue
3. Knowledge Integrator Award The company which has excelled in product and process innovation.
Measurement Criteria 1. % of revenue from new products (product innovation) 2. Enumerate specific process innovations and indicate their business impact (Low…. …..High)
4. Tech-Savvy Company of the year The company which has acquired high impact knowledge through direct investment and other wise.
Measurement Criteria 1. Investment in technology as a % of turnover over last year and weighted average for last three years 2. Enumerate new methods of accessing technology (e.g. alliances, partnership etc.) and indicate their business impact
5. Capacity Builder Award The company which has made significant capital investment and has created capacity for future growth.
Measurement Criteria 1. Average capital investment (capital expenditure) over last year and weighted average last 3 years 2. Capital investment as a % of turnover over last year and weighted average for last 3 years 3. Amount of foreign capital generated over last year and weighted average for last 3 years 4. Average payback period: a) 1 - 3 years, b) 3 - 5 years, c) over 5 years 5. Planned new employment opportunities for the next year
6. Award for Excellence in Performance Management Practices The company which has implemented best practices in performance management.
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