The 16th Annual “National Business Excellence Awards 2019” (NBEA) organized by the National Chamber of Commerce of Sri Lanka (NCCSL), would be held on December 13, at the Colombo Hilton.
The Print Media sponsor for the event once again is Associated Newspapers of Ceylon Limited (Lake House) again.
This year 92 awards would be presented, including Overall Excellence Winners of Gold, Silver and Bronze.
The official launch of the event was held at the Colombo Hilton and President NCCSL Asela De Livera said that apart from the large companies, they also focus special attention on Small and Medium Entrepreneurs who have done well in their businesses in the country to participate in this competition. “Being one of the pioneering Awards Competitions initiated as way back as 2004 by the NCCSL, the NBEA, over the years, has maintained its highest standard and gained much recognition and prestige amongst the business community. With a well structured Awards Scheme, the NBEA has today become the symbol of “Excellence” for the “Best of the Best” businesses in Sri Lanka.”
Many competitors from Corporate establishments are eager to compete in this very popular Business Excellence Awards Competition which is now a further upgraded Evaluation Model of 7 criteria, namely – Excellence in Leadership, Excellence in Corporate Governance, Excellence in Capacity Building, Excellence in Performance Management, Excellence in Local and Global Market-reach, Excellence in Corporate Social Responsibility and Environmental Sustainability and Excellence in Business and Financial Results. The numbers and quality of applications have been on the rise over the years. The Competition comprises of categories – Extra Large, Large, Medium, Small and Micro – and diversified industry sectors: it also creates the opportunity for 29 industry sectors to secure Awards, category-wise or on criteria.“The focus is not only to be award winners, but to be associated, gain exposure, recognition and fame, thus promoting the brand image of companies, they represent.”
Many corporate establishments are eager to compete in this very popular Business Excellence Awards Competition with its new evaluation model scheme and criteria.
The evaluations would be done by an eminent panel of Judges backed by a Technical Team.
Business Excellence Awards are meant to reward companies that have excelled in their businesses. Competitions of this nature would encourage Sri Lankan businesses to excel not only at national level, but also compete at global level.
The Chamber’s intention is not only to pick winners, but more importantly, to guide organisations with our evaluation scheme to attain the levels of excellence that are appropriate to world class companies.
We have modified the evaluation scheme over the years to fit in line with the country’s development.
Apart from large companies, we also focus special attention to Small and Medium Entrepreneurs who have done well in their businesses in the country to participate in this competition,” de Livera said.
Recalling the past, he said that the first NBEA Award in 2004 was won by Dialog Telecom PLC. Thereafter Slimline Pvt Ltd (2005) Commercial Bank (2006), Colombo Dockyard (2007), Hatton National Bank (2008), Ceylon Biscuits (2009), Commercial Bank of Ceylon (2010), Diesel & Motor Engineering (2011), Sri Lanka Telecom (2012), Access Engineering (2013), Orange Electric (2014), Bank of Ceylon (2015), Lanka Orix Leasing Company (LOLC) (2016), Lanka IOC PLC (2017) and Talawakelle Tea Estates PLC (2018). (SS)
Business Enterprises are evaluated under a newly structured Evaluation model of 7 perspectives, which are:
1. Excellence in Leadership,
2. Excellence in Corporate Governance,
3. Excellence in Capacity Building,
4. Excellence in Performance Management,
5. Excellence in Local and Global Market Reach,
6. Excellence in Corporate Social Responsibility
7. Environmental Sustainability and Excellence in Business and Financial Results.
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