Proud winner of Canada’s Best Managed Companies!
Winners of Canada’s Best Managed Companies program, which recognizes the excellence of Canadian private companies with annual sales of more than $25 million. The 2020 Best Managed winners attribute their success to their investments in talent and technology, their innovation in a competitive environment, and their desire to compete globally. This year’s Best Managed winners also place great importance on prioritizing their purpose as organizations.
“In 2020, the Best Managed Companies need to raise the bar because the program continues to expand across borders and now covers 21 countries,” said Peter E. Brown, National Co-Leader of the Best Managed Companies Program at Canada and Partner, Deloitte Private Companies. As the Best Managed network continues to expand, the stakes become higher because these companies are increasingly aware of the competition they must compete on a global scale. This year’s winners have every reason to be proud of their accomplishments and the title bestowed upon them.”
The success of Canada’s Best Managed Companies is undeniable, and a common theme among the winners is their commitment to defining their purpose as organizations. By defining and embodying their raison d’être at all levels of their organization, this year’s winners benefit from the competitive advantage provided by exercising their leadership and conducting their activities in an environment centered on a goal.
“Defining a purpose is not just a goal of large organizations; it’s an increasingly valuable asset in the changing labor market – it’s equally important for employees and clients, observes Kari Lockhart, National Co-Leader of Canada’s Best Managed Companies Program and Partner, Deloitte Companies private.
In doing so, this year’s Best Managed Companies promote healthier workplaces, more supportive communities and stronger foundations to help guide successful and collaborative decision-making. »
Another salutary quality that is never lacking in Best Managed winners is their remarkable commitment to their customers. “Year after year, these companies stand out with a clear and concise strategy and approach to customer service,” adds Ms. Lockhart.
Best Managed winners also attribute their success to the persistence with which they undertake, invest and make important decisions in the face of economic uncertainty, a widespread theme explored in Deloitte’s Waking the Sleeping Bear series. Investments in areas such as R&D or the creation of tools of their own help to strengthen their expansion and financial performance, which is not the case for organizations inclined to stand still or wait for the markets to stabilize.
“As a long-time sponsor of Canada’s Best Managed Companies, CIBC is proud to honor this year’s winners, who consistently demonstrate outstanding results in a constantly changing world,” said Dino Medves, Senior Vice President and head of CIBC Commercial Banking. Best Managed companies demonstrate outstanding leadership in their respective industries, and have a clear strategy focused on their long-term success and growth.”
The full list of 2020 Canada’s Best Managed, Gold Recognition and Platinum Club winners is available here.
Canada’s Best Managed Companies continue to epitomize excellence for Canadian-owned, Canadian-managed companies with revenues greater than $25 million. Every year since the competition was launched in 1993, hundreds of companies participate in a rigorous, independent process to assess their management capabilities and practices. — Prizes are awarded at four levels:
1 – NEW WINNER OF CANADA’S BEST MANAGED
One of the new winners selected each year.
2 – CANADA’S BEST MANAGED WINNERS
CASA ← Winners who re-applied and retained their Best Managed designation for another two years, subject to annual operational and financial review.
3 – GOLD RECOGNITION WINNERS
After retaining their Best Managed title for three consecutive years, these winners have demonstrated their commitment to the program and have retained their award for four to six consecutive years.
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