Businesses are not evaluated based on their sectoral achievements but on excellence attained in the different fundamental areas that are pertinent to every organisation. SOBA will further categorise each Top-of-the-Class Awards into two further sub-categories, that is enterprises with sales turnover of up to RM25 million, and that of above RM25 million.
Kindly indicate in the Application Form whether you are applying for the category with up to or above sales turnover of RM25 million.
The award categories and criteria are as follow:
Awarded to the local enterprise that knows how to employ effective, innovative and creative marketing strategies to promote its products and services.
This award goes to the local enterprise that has invested in building a strong Malaysian brand that is valued and appreciated by all.
Awarded to the local enterprise that is strong in corporate social responsibility. An example of this is a local enterprise that apportions part of its profits and other resources to serving the needs of the community.
This award goes to local enterprises that exhibit high environmental awareness, particularly with regard to its production facilities and procedures, specific environmental programmes or initiatives undertaken as part of the local enterprise’s overall vision and mission.
Human capital is one of the most vital resources that determine the success of a local enterprise. In recognition of employers who have demonstrated commitment towards human capital, this award is given to the local enterprise that positions itself as a leading organisation to work for.
Awarded to the local enterprise with innovative ideas, processes, products and/or services that have contributed to the success of the company, its employees and stakeholders.
Awarded to the local enterprise that has made an impact in the global market and excelled in international networking, with at least 25% of its revenue generated from exports
Awarded to the local enterprise that has most effectively leveraged and integrated technology in their business to have an edge in today's marketplace.
Awarded to the best new, up-and-coming local enterprise that has displayed great potential to become a successful player in the local and/ or international market.
Businesses vying for the Rising Star will NOT be evaluated based on the sales turnover categorisation
Awarded to the most outstanding entrepreneur who has propelled his/ her company forward with vision, innovation and farsightedness. The applicant should have demonstrated exemplary management and leadership skills, with the local enterprise under his/her leadership achieving an admirable and profitable track record.
There will be two categories of winners - one, for the entrepreneur leading a company with sales turnover of up to RM25 million and the second, for the entrepreneur leading a company with the sales turnover of above 25 million.
Any other financial performance indicators for your company that you deem will be useful to the judges (e.g. Market share, comparison to industry KPIs).
The Malaysian Business of the Year award is the pinnacle award for SOBA. There will be two winners - one, for the enterprise having sales turnover of up to RM25 million and the second, for the organisation having the sales turnover of above RM25 million. Both enterprises would have received the highest ratings in the other award categories and are the best in market in their respective categories applied for, with exemplary track record in most areas.
This illustrious award goes to the local enterprise that has received high ratings in the other award categories and is generally the best in market with exemplary track record in most areas.
Awarded as a subsidiary title to Outstanding Achievement Awards (Rising Star Award & Entrepreneur of the Year Award) for entries which has demonstrated potential and are worthy for a special recognition.
Awarded as a subsidiary title to acknowledge entries which have shows potential in future development.
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