sme awards 2010 methodology award highlights 22 categories of awards, recognizing: o industry...

SME Awards 2010

Methodology

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

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)

Category – Business Functions• Effective financial implementation • Incredibly innovative approach• Best technology implementation

Category – SME Support Partners• Consultants• Transportation and logistics• ICT support and services• Banking and Finance• Insurance

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• Annual turnover• Employee strength• Year of establishment• Completeness of the nomination application

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”

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)

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

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

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