Business awards are given for a wide variety of achievements including best product, highest quality, customer service, productivity and service to humanity and the environment. Top managers and organizations compete locally, in their country, or internationally against organizations in the same business sector or in totally different ones. The motivation for winning any of these business awards usually appears to be driven by two strong urges: to gain the respect of those with whom they do business; and to improve the profile of the company with consumers.
In terms of prestige, the number one award in the United States is the Malcolm Baldrige National Quality Award. However, successfully gaining this award requires great dedication from the company. There are tough requirements and a team of external raters visit the company several times. Successfully completing the process can take the help of experts like the ones at awards list. A recent winner of the award, Motorola, Commercial, Government, and Industrial Solutions Sector reported that their experience was highly positive. They experienced positive benefit from being recognized in their industry as leader, certified by a trusted third party. They strengthened their brand recognition as a result and positioned themselves in the marketplace ahead of their competition.
Another highly prestigious and well known business award is The Stevies are given in four categories: The Stevies for Sales and Customer Service, The International Business Award, The Stevies for Women in Business and The American Business Award. The trophy is a statue of a figure holding a crystal pyramid aloft. The pyramid represents the hierarchy of human needs, a respected theory documented in the 1960s by psychologist Abraham Maslow. He famously postulated that after meeting basic needs, humans next aim is to seek the esteem of their peers. An award is a clear indication of that esteem.
On top of the basic improved visibility, awards winners have found that other companies are much more willing to discuss business with them. For instance, Dot com businesses have reported that they have been called by venture capitalists as a result. They are also common internal benefits to winning like higher employee morale and rising performance. Applying for and working to win an award is a positive action that will certainly be profitable in the long term.
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