Business awards are given for a variety of accomplishments including best environmental record, development of employees, best product, quality, excellent customer service and service to a particular community. Executives and organizations compete locally, nationally, internationally against organizations in the same industry or in totally separate fields. The desire to win any of these company awards appears to be backed by two powerful desires: to gain the respect of those with whom they do business; and to improve the profile of the company with consumers.
In terms of the prestige bestowed, the Malcolm Baldrige National Quality Award is the top award in the United States. However, successfully gaining this award will require take considerable dedication from the organization. There are tough requirements and a team of outside raters will visit the company. Successfully completing the process can take the help of experts such as those at awards list. A recent winner, 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 prestigious and well known award is The Stevies given in four award classes: The Stevies for Women in Business, The Stevies for Sales and Customer Service, The International Business Award and The American Business Award. The trophy is a statue of a figure holding a crystal pyramid aloft. This pyramid represents the hierarchy of human needs, a theory documented in the 1960s by psychologist Maslow. He found that after meeting basic needs, humans next aim is to seek the esteem of their peers. A business award is a reflection of that esteem.
On top of the basic improved visibility, business awards winners find that other businesses are much more willing to talk to them. As an example, small business winners have reported that they have been approached by venture capitalists as a result. They are also some internal benefits like higher employee morale and improving performance. Applying for and working to win an award is certainly a positive action that will be profitable in the long run.
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