Sme awards 2010
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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

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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 industry achievement awards

Category - Industry Achievement Awards


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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