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SMIA entered its sixth year in organizing its annual outstanding small and medium business achievers recognition award – the SME RECOGNITION AWARD 2007. This award is to acknowledge SMEs that achieved excellence in their respective industries and have contributed to the economic growth of the country. The award also aims to inspire others and to stimulate perseverance, value innovation and excellence in SMEs in the highly competitive business environment, both locally and globally.
The 2007 theme “Towards Global Excellence” is aimed to propel the SMEs to enhance their global competitiveness and to achieve greater global penetration. Among Excellence Winners in the past, 27 have been listed in Bursa Malaysia. They are definitely the role models for other SMEs to emulate in their quest to scale greater heights.
In addition to recognizing, benchmarking and measuring the level of excellence and success of SMEs of all industries and business sectors in Malaysia, this coveted and highly praised business awards also strive to provide recognition for the achievements of outstanding SMEs to enhance their intellectual property and to reinforce brand image in the market space.
Following qualified submission, all award nominees will be evaluated by an expert panel of judges. Once short-listed, these candidates will be visited by the audit committee before their submissions and profiles are presented to the selection committee comprising prominent businessmen, leaders of the industries, professionals and academia to ensure candidates go through a stringent process of evaluation by their peers to ensure the high integrity and quality of the AWARD achievers.
The SME RECOGNITION AWARD 2007 presentation, its sixth annual award to recognise the outstanding achievements of SMEs, was held on 30th November 2007 at the Sunway Pyramid Convention Centre.
Award Categories
The SME Recognition Award 2007 had a total of 14 award categories. The award categories and the number of awards in each category were as follows:
The total number of Awards given was 64 awards over 14 Award categories
Award Definitions and Selection Criteria
1. SME Platinum Award
Definition
This award is bestowed on outstanding entrepreneurs and leaders of the industry.
Selection Criteria
The award recipient must exhibit entrepreneurial spirit and must originate from small and medium businesses. His/her achievements must be impressive enough to inspire the aspirations of thousands of SME entrepreneurs who are looking for a role model to emulate, especially as a CEO or Managing Director of a listed company. No nomination required. By invitation only.
2. SME OCBC Achievers Award
Definition
This award is bestowed on SMEs with micro operations that have successfully made the transition from being privately-owned companies to public-listed companies.
Selection Criteria
Invitees must be a public-listed company for 5 years either in Malaysia and/or overseas and have continued to excel in their businesses. These companies reflect the achievements of their founders and serve as shining examples of entrepreneurship, perseverance and strategising. No nomination required. By invitation only.
3. Sahabat SME Award
Definition
This award is bestowed on corporations/institutions such as government statutory bodies, NGOs, financial institutions or service providers/facilitators which have contributed significantly to the promotion and development of SMEs in the country. The contribution can be pecuniary or non-pecuniary in nature to the SME community to help develop or improve their operations.
Selection Criteria
Invitees must have played a prominent and proactive role in the promotion and development of SMEs, especially during their formative or growing stages, by providing solutions that enhance SMEs’ competitive edge and operational efficiency in the pursuit of globalization simultaneously. No nomination required. By invitation only.
4. SME RHB Best Overall Award
Definition
This award is bestowed on the creme-de-la-creme of non-listed SMEs that excel in every aspect of their corporate performance.
Selection Criteria
Nominees must have performed extremely and equally well in all five core judging criteria, namely business and company, management philosophies, products and markets, operations and technologies as well as financial performance. Nomination required.
5. SME Innovation Excellence Award
Definition
This award is bestowed on non-listed SMEs with emerging businesses that apply new technologies, or cater to customer needs through applications of innovative processes, market research, brand development, visionary leadership, etc, which are rising fast or making a big impact in the business world in recent years and are now in great demand in local and/or overseas markets.
Selection Criteria
Nominees must be either the intellectual property owner of its product innovations, the legitimate promoters of a business model that presents a new business concept or the bold but sensible creator of a new market space. Nomination required.
6.SME Export Excellence Award
Definition
This award is bestowed on non-listed SMEs which excel in overseas market penetration and derive the bulk of their revenue from exports.
Selection Criteria
Nominees must have at least one or more of their products and/or services exported and the export revenue forms at least 50% of the company’s total revenue. Nomination required.
7. SME DIGI ICT Adoption Award
Definition
This award is bestowed on non-listed SMEs heeding the government’s call to automate and adopt ICT in their businesses to attain operational efficiency and compete efficiently in the market space.
Selection Criteria
Nominees must have taken practical and aggressive initiatives towards adoption of ICT and reaping benefits, both operationally and financially as a result. Nomination required.
8. SME Women Entrepreneur Award
Definition
This award is bestowed on non-listed SMEs headed or founded by women entrepreneurs.
Selection criteria
Nominees must be at least 50% owned by women entrepreneurs or with the women entrepreneurs as the primary decision makers. Nomination required.
9. SME Phoenix Award
Definition
This award is bestowed on non-listed SMEs recovering strongly from a major corporate or financial crisis or setback.
Selection Criteria
Invitees or nominees would have experienced either a major financial setback but recovered and excelled or managed to reinvent themselves during a corporate crisis and continue to excel. By invitation or by nomination.
10. SME Product Excellence Award
Definition
This is bestowed on non-listed SMEs that commercialize and produce outstanding made-in-Malaysia products in the market place.
Selection Criteria
Nominees must possess products with at least 50% local content and a major contributor to company revenue. Nomination required.
11. SME Service Excellence Award
Definition
This is bestowed on non-listed SMEs that provide outstanding services in the market place.
Selection Criteria
Nominees must have contributed to enriching the economic and/or social life of the local and international communities they serve, beyond the strict requirement of excellent service delivery through positive, discretionary initiatives and imaginative use of resources. Nomination required.
12. SME Brand Excellence Award
Definition
This is bestowed on non-listed SMEs which have successfully created a strong and positive image for their branding initiatives on the company, product and/or services. These brands are not only well-accepted but must have strong top-of-the-mind recall among consumers.
Selection Criteria
Nominees must have achieved a high degree and instant brand recognition by the general public. Nomination required.
13. SME Rising Star Award
Definition
This is bestowed on young SMEs which have displayed great potential to become successful players in the local and international market place. They are companies that are on the verge of a breakthrough and will become successful, when given the necessary financial support, guidance and nurturing.
Selection Criteria
The company must be able to present a unique, competitive and potential business concept and/or strategy yet to be executed and/or successful. Nomination required.
