sme awards 2010
DESCRIPTION
SME Awards 2010. Methodology . Award Highlights. 22 categories of awards, recognizing: Industry achievement - 14 awards Business functions - 3 awards Support partners - 5 awards Nominations received from 3400+ SME’s from UAE - PowerPoint PPT PresentationTRANSCRIPT
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SME Awards 2010
Methodology
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Award Highlights• 22 categories of awards, recognizing:
o Industry achievement - 14 awardso Business functions - 3 awardso Support partners - 5 awards
• Nominations received from 3400+ SME’s from UAE• Award recognizing the "women entrepreneur" and "best
new business" • Only one award from each category
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Category - Industry Achievement Awards
• Trade
• Hospitality and tourism
• Manufacturing • Construction and real estate
• Retail • Green business of the year
• Media and marketing • Admirable woman entrepreneur
• Professional services • Emirati entrepreneur of the year
• Health and wellness • Business star of the year
• Technology and online • The one to watch (best new business)
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Category – Business Functions• Effective financial implementation • Incredibly innovative approach• Best technology implementation
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Category – SME Support Partners• Consultants• Transportation and logistics• ICT support and services• Banking and Finance• Insurance
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Nomination Criteria• All SME's with valid trade license of UAE• Employee strength not exceeding 500 *
• Annual revenue not exceeding AED 100 million*
• Self nominations• Nominations for more than one category of award
permitted
* Excludes for SME support partner category awards
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Criteria for Initial Screening• Annual turnover• Employee strength• Year of establishment• Completeness of the nomination application
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Criteria for final Selection• Management Strength - 20 points
o Management philosophy and Visionary leadershipo Ownership pattern*
o Role model to other women (applicable for admirable women entrepreneur award)
o Representation to women in employmento Shining example of perseverance
• Products and markets - 15 pointso Number of countries to which exportedo Categories of products targeting the market segmento Any intellectual property in company’s name
* Applicable only for “Emirati entrepreneur” and “Admirable Women entrepreneur award”
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Criteria for final selection• Operations - 20 points
o HR policies and trainingo Use of automation in operationso Quality systems and processeso IT system and processeso Adoption of green technologyo Website/Social Media promotion
• Financial performance - 20 points o Net Profit Percentageo Revenue Growth Percentageo Net Working Capital (Current Assets - Current Liabilities)o Return on Equity (Net Profit / Capital Employed)
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Criteria for final selection• Contribution to the national/regional development. - 10 points
o Made in UAEo Employment to nationalso Number of branches in UAE and GCC countrieso Corporate Social Responsibility (CSR) Initiatives
• Customer Focus - 15 pointso Use of metrics o Customer related practices/ Customer relation officer
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Ranking Methodology• Panel of five Judges from different industry segments involved
in selection process• Uniform scoring mechanism used to reduce induced variability• Cumulative highest scorer declared winner in each award
category• In case of tie, the maximum score in a particular criteria in the
following order was consideredo Contribution to national and regional developmento Management strengtho Customer focuso Financial performanceo Operationso Products and markets
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Role of Morison Menon • Devised the scoring and weightage for each criteria• Compiled the scores provided by the independent judges
to arrive at the winners• Short listing and evaluation of nominees based on
review documents and questionnaire provided by the nominees
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