Eighth National Business Excellence Awards up for grabs

National Business Excellence Awards (NBEA), organised by the National Chamber of Commerce of Sri Lanka, will take place this year for the eighth consecutive year.

Applications are now being issued at the National Chamber of Commerce of Sri Lanka, No. 450, D.R. Wijewardena Mawatha, Colombo 10. The awards ceremony will be held on 30 November 2011 at the Colombo Hilton, the event hotel.

NBEA has been recognised by the Sri Lankan business community as a highly prestigious “business benchmark scheme” as the selection procedure involves evaluation of performances from a number of different aspects to maintain its high standards.

Selection criteria goes well beyond the financial stability of the company and take into consideration the areas such as steady growth, balance business portfolio, growth of value addition, performance against the industry, global market reach, excellence in product and process innovation, acquisition of high impact knowledge through direct investments, creating capacity for future growth through capital investment, adopting best business practices for performance management and successful institutionalization of corporate social responsibility.

The final selection will be made by a Panel of Judges headed by Prof. Uditha Liyanage, Director of the Postgraduate Institute of Management, supported by other eminent professionals in the country.

All the applicants will be grouped into five major categories depending on the size of the organisation i.e. Extra Large, Large, Medium, Small and Micro.

Applicants are also categorised into different sectors such as agriculture and plantations, livestock and fisheries, manufacturing (engineering, food and beverage, chemical and ceramics, apparel, textile and leather products, non traditional, state sector and other), infrastructure and utilities, construction, banking and financial services, insurance, hospitality, ICT services, media services, trading, gem and jewellery, healthcare services, printing and related services, logistics and transport, specialised banking and financial services, shipping and shipping related services and diversified group of companies, associations and other services.