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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

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sme awards 2010

SME Awards 2010

Methodology

award highlights
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
  • Award recognizing the "women entrepreneur" and "best new business" 
  • Only one award from each category
category business functions
Category – Business Functions
  • Effective financial implementation 
  • Incredibly innovative approach
  • Best technology implementation
category sme support partners
Category – SME Support Partners
  • Consultants
  • Transportation and logistics
  • ICT support and services
  • Banking and Finance
  • Insurance
nomination criteria
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

criteria for initial screening
Criteria for Initial Screening
  • Annual turnover
  • Employee strength
  • Year of establishment
  • Completeness of the nomination application
criteria for final selection
Criteria for final Selection
  • Management Strength - 20 points 
    • Management philosophy and Visionary leadership
    • Ownership pattern*
    • Role model to other women (applicable for admirable women entrepreneur award)
    • Representation to women in employment
    • Shining example of perseverance 
  • Products and markets - 15 points
    • Number of countries to which exported
    • Categories of products targeting the market segment
    • Any intellectual property in company’s name

*Applicable only for “Emirati entrepreneur” and “Admirable Women entrepreneur award”

criteria for final selection1
Criteria for final selection
  • Operations - 20 points
    • HR policies and training
    • Use of automation in operations
    • Quality systems and processes
    • IT system and processes
    • Adoption of green technology
    • Website/Social Media promotion
  • Financial performance - 20 points
    • Net Profit Percentage
    • Revenue Growth Percentage
    • Net Working Capital (Current Assets - Current Liabilities)
    • Return on Equity (Net Profit / Capital Employed)
criteria for final selection2
Criteria for final selection
  • Contribution to the national/regional development. - 10 points
    • Made in UAE
    • Employment to nationals
    • Number of branches in UAE and GCC countries
    • Corporate Social Responsibility (CSR) Initiatives
  • Customer Focus - 15 points
    • Use of metrics
    • Customer related practices/ Customer relation officer
ranking methodology
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 considered
    • Contribution to national and regional development
    • Management strength
    • Customer focus
    • Financial performance
    • Operations
    • Products and markets
role of morison menon
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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