Toronto, ON -- January 12, 2004 - Winners of the 2003 Canada’s 50 Best Managed Companies award, display a number of common business attributes which may provide insight into their ability to achieve significant growth and success.
“Through our analysis of this year’s 50 Best award winners, we found a number of common characteristics of these exceptional companies who have successfully developed, articulated and executed a strategy to achieve a high performance advantage,” said Tony Grnak, Deloitte Partner and National Leader, Canada’s 50 Best. “These winning companies clearly exhibit a strong propensity and ability to stay in close contact with their markets and to adapt and align their strategy accordingly. As well they demonstrate significant passion and commitment to ensuring they acquire and retain the best possible employees.”
Key traits that the 2003 50 Best companies share, include: a continued ability to remain alert and responsive to changes in the market and consumer demands; a passion to create the right leadership and vision; and a commitment to invest in the hiring and retaining of the most talented employees, are some of the key determinants which contributed towards companies achieving recognition on this years 50 Best winners list, while requalifing companies share a remarkable commitment to stay at the leading edge of innovation and to continue growth.
“The 2003 50 Best recipients represent some of Canada’s most exceptional, talented and successful companies who clearly make a significant contribution in driving our economy and expanding our workforce. This year’s 50 Best winners generated $7.2 billion in combined revenue and account for more than 29,000 employees throughout Canada in 2003 (up significantly from $6.2 billion and 21,000 respectively, in 2002). The average revenue increase from 2001 to 2003 for the 50 Best companies is 26% which is attests to the calibre of these companies and acts as a positive indicator for our economy,” continued Tony Grnak, Deloitte Partner and National Leader, Canada’s 50 Best. “We applaud and congratulate all of this year’s 50 Best winners.”
Established in 1993, the annual program recognizes Canada’s 50 Best Managed companies who have demonstrated exceptional ability and aptitude in all areas of management and best business practices. To be recognized as one of the 50 Best, companies must complete a comprehensive questionnaire, and an extensive, in-depth interview process which is evaluated by an independent judging panel to assess and examine its’ management practices. The panel evaluates how companies address various business challenges such as new technologies, globalization, brand, leadership, leveraging and developing core competencies and designing the right organizations and systems to facilitate growth and the new generation of people entering the labour market.
Deloitte & Touche LLP
" The 2003 50 Best winners are an outstanding group of Canadian owned and managed companies who have proven their remarkable ability and commitment to apply best practices to all areas of their business operations,: said James McSherry, Executive Vice President and Managing Director, CIBC Commercial Banking, a national sponsor of the program. "These companies clearly demonstrate innovation, leadership and a focus on their customers and employees. Their example illustrates that focusing on the fundamentals while pursuing a clearly defined strategy is key to achieving exceptional results."