National Business Excellence Awards in November

National Business Excellence Awards (NBEA) organized 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 Wijewardene Mawatha, Colombo 10.

Awards ceremony will be held on November 30, at Colombo Hilton.

NBEA has been recognized 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.

Final selection will be made by a Panel of Judges headed by Postgraduate Institute of Management Director Prof Uditha Liyanage supported by other eminent professionals in the country. All the applicants will be grouped into five major categories depending on the size of the organization i.e. Extra Large, Large, Medium, Small and Micro.