NCCSL launches Business Excellence Awards 2016
The National Chamber of Commerce of Sri Lanka (NCCSL) last week
launched the 'National Business Excellence Awards 2016' for the 13th
The objective of the awards scheme is to enhance the professionalism
and level of excellence of Sri Lankan organizations. Immediate Past
President, NCCSL, Sunil G. Wijesinha said according to worldwide
research, 'excellence award winners' outperform others.
"Research carried out in many countries has affirmed that those
recognized as excellent companies have produced in subsequent years
better financial results, greatly motivated their employees, and earned
a lot of loyal and satisfied customers," he said.
"Some studies have proved that award-winning listed companies have
outperformed the stock market index or where relevant, the sector
index," Wijesinha said at the launching ceremony.
"Studies in the US show that financial results of award-winning
companies subsequent to the award have been better than others. A
European study of 120 winning companies has shown that they outperformed
others over a 11-year period of study," he said.
"Similar studies in Australia and New Zealand too have found concrete
evidence to link better performance and excellence award winning
organizations in the post-award years," he added.
The awards will be given in several categories - extra large, large,
medium, small and micro.
"We believe that the winners should be recognized and rewarded, but
we also believe that anyone who applies and makes an attempt to fulfil
the criteria is also a winner. Even if they do not win any award on the
first attempt, there are more opportunities for them in the future," he
Being one of the pioneering awards organisers, having started in
2004, the NCCSL's 'National Business Excellence Awards' is a major event
among the business community.
The award winners are selected under a well-structured scheme.