India's Best Managed Companies 2023
Evaluation framework
Applicants are evaluated against four pillars to determine if they qualify as a Best Managed Company.
Strategy
Best Managed Companies:
- Execute a formal methodology for strategy development
- Ensure that the strategy reflects all stakeholders
- Have the right capabilities and metrics in place to execute the strategy
Clearly and consistently communicate the strategy to all levels of the organisation
Culture and Commitment
Best Managed Companies:
- Build a strong corporate culture and legacy
- Actively develop their people and leadership team
- Provide a holistic compensation system
- Address continuity issues within the company
Capabilities and Innovation
Best Managed Companies:
- Develop valuable capabilities and resources
- Are highly execution-oriented
- Are focused on productivity and innovation
- Demonstrate thoughtfulness about hiring the right people to execute the business model and strategy
Governance and Financials
Best Managed Companies:
- Install strong governance structures
- Use KPIs to manage their progress
- Maintain a strong balance sheet
- Apply the financial discipline required to drive revenue growth, improve operating margin, and increase asset efficienc
