Deloitte Hands out 'Best Managed Company' Awards
Big Four firm Deloitte has revealed the winners of the 2022 "Best Managed Companies" Award in Hungary, according to a press release sent to the Budapest Business Journal.
The "Best Managed Companies" program is Deloitte Private's global executive business mentoring program, designed to support and recognize local privately owned companies.
2022 saw the first edition of the program in Hungary and 10 Hungarian private companies were awarded the "Best Managed Companies" award by an independent peer review panel at a gala held on November 17 at the Museum of Fine Arts.
According to the press release, these companies share a number of common characteristics that enable continued and sustainable growth. These can include a uniquely designed and well-communicated strategic plan or even a strong focus on improving productivity and innovation.
"The preparedness of the companies participating in the program was outstanding compared to international trends. The companies that were certified showed professional management and quality processes. Among other things, they place a strong emphasis on strategy creation and implementation and have an established culture of innovation, where there is a strong openness at management levels to implement and reward employee ideas. The winning firms are highly flexible in their ability to respond to different emergencies and have a focused approach to increase productivity within the company while keeping key metrics in mind," said Gábor Kóka, senior partner, Central Europe region, Deloitte Private.
This is the first year that the program has been launched in Hungary, and the applications submitted by companies were evaluated by an independent professional jury (Richárd Végh, CEO of the Budapest Stock Exchange; Sára Csillag, dean of the faculty of finance and accounting of the Budapest University of Economics and Business; László Wolf, member of the board and deputy CEO of OTP; Gergely Baksay, managing director for economic analysis and competitiveness of the Magyar Nemzeti Bank; and László Koji, vice president of MGYOSZ.
"Participating companies had the opportunity to gain insights into international best practices and were supported by highly qualified mentors during the different phases of the program. Among other things, the companies received confirmation of their best practices and concrete suggestions from the mentors on potential areas for improvement. We plan to re-launch the business mentoring program annually, so our long-term goal is to make the program available to more domestic private companies to support their business operations," added Gergely Bálint, COO of the program
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