NCCSL fetes business excellence with NBEA Awards

Sanjeevi JAYASURIYA

The National Business Excellence Awards 2011 organized by the National Chamber of Commerce of Sri Lanka will be held in November 30 at Colombo Hilton.

The National Business Excellence Awards (NBEA) is a unique award scheme that felicitates the power houses of the economy.

This is a mechanism to encourage the business community to achieve excellence in their respective ventures where the recognition brings benefits, Dankotuwa Porcelain PLC Chairman and NBEA Steering Committee Chairman Sunil G. Wijesinha told Daily News Business.

The NBEA is designed to recognize business organizations making a significant contribution to the socio- economic development of the country through exemplary business practices. A team of best professionals have worked out the criteria for marking scheme, judging, designing the trophies and many other details critical to the excellence of the event, he said.

The NBEA commenced in 2004 and this unique model of awards has recognized top class businesses which excelled in their performance every year.

The evaluation perspectives are business and financial performance, global reach, knowledge integration, technology investments, capacity building, excellence in performance management practices, corporate governance and corporate social responsibility.

“We believe that if the business organizations have the composite of these perspectives which are enablers, they are excellent. In addition to overall winners there will be winners from each sector ranging from micro, small, medium, large and extra large. Since the manufacturing sector is larger there are sub divisions to accommodate more sectors,” he said.

The short-listed will be interviewed by a panel of judges headed by Prof Uditha Liyanage.

Globally there are business excellence models to motivate business community and to adopt best practices and to ensure sustainability. The award winners of the past have progress to greater heights.

India takes this awards scheme seriously and even in Sri Lanka applying for the NBEA is a huge investment.

“The number of applications increased every year and there were 178 applicants last year. There is a good response for this year and the closing date of applications is September 10,” Wijesinha said.