Two Irish Construction firms have been shortlisted for the Deloitte Best Managed Companies Awards, which are run in association with Irish Life Corporate Business. The awards will recognise indigenous Irish companies across the island of Ireland that are operating at the highest levels of business performance.
The companies are now through to the second phase of the competition, where they will demonstrate to the judging panel how their organisations are meeting their strategic objectives and adding value to their businesses. During this process, the companies will work closely with coaches from Deloitte and Irish Life Corporate Business and will receive customised feedback.
“At this stage in the process, the shortlisted companies are working closely with our Best Managed coaches on their phase II submissions for the judging panel,” said Kevin Sheehan, partner, Deloitte. “Feedback that we have received from previous winners is that they have found this process to be extremely beneficial and practical in relation to their company’s future strategy and is a considerable benefit of participating in the programme. We are delighted to be working with these companies and wish them every success as they continue on their ‘best managed’ journey.”
The judging panel, which this year will be chaired again by IDA Ireland chairman Liam O’Mahony, will be looking at a broad range of criteria when deciding this year’s 20 best managed companies – including strategy, capability, commitment, financials and growth potential across all key functions of the business. In addition, the judges will be paying close attention to the innovative strategies companies are adopting to ensure their continued success.
“What is encouraging about this year’s shortlist is that these companies are drawn from a diverse variety of sectors – both new and emerging and also more traditional sectors,” said Siobhan McAleer, head of strategic partnerships at the Irish Management Institute, and a member of the judging panel. “This shows that these companies are adapting and developing their management practices to compete in new and challenged markets. However, this doesn’t make the judging process any easier. In fact it is harder to decide which of these already well managed companies are the best managed. That said, the ones that foster innovation and are agile are the companies that will stand out.”
The winners of this year’s awards will be announced in March 2013.