Best Managed Companies Romania, an exercise in maturity

Business growth no longer depends solely on intuition or product. The economic environment has changed, it has become much more complex and therefore success in entrepreneurship has also been adjusted. Now success comes packaged with discipline, the ability to make good decisions, adaptability, and consistency.

It is precisely for this reason that the time has come to talk about a program dear to us: Best Managed Companies Romania, developed by Deloitte, under the umbrella of Deloitte Private, and now in its fourth edition.

Practically, the program is a journey, structured over a period of several months, that brings together entrepreneurs and experts in an exercise of analysis and self-assessment based on four essential pillars: strategy, resources and innovation, culture and commitment, governance and financial aspects.

Since the first edition of the program I was in the front row giving a big shout out for entrepreneurs who had the courage to put their business "under the magnifying glass" and to become better at everything they do.

Today, the program has turned into the place to be for entrepreneurs who want to bring real improvements to their management style. And the figures speak for themselves:

• over 100 of companies participating in the current edition
• 23 of certified and recertified companies
• 140 of company representatives involved
• 46 the coaches of Deloitte, Banca Transilvania, and Salesforce
• 420 of hours dedicated to workshops and interviews

The result? To give you an idea, over the course of the four editions, companies with an aggregated turnover of over 9.5 billion euros have gone through the program, which is approximately 2.5% of Romania's GDP.

The program is a catalyst for the Romanian business environment, which develops year by year and contributes to the maturation of companies in Romania.

SHOUT-OUT: BT CLIENTS

We are pleased to see some of our clients who participated in this program in the Best Managed Companies community:

• Adrem Energy Solutions
• Agexim Transport & Logistics
• ATP Motors
• Bog’Art
• Celco
• Cemacon
• Christian’76 Tour
• Concelex
• Concrete & Design Solutions
• Express Euroscan
• Irum
• LG Trans
• Maracana
• Niran Co. Products
• Oberhauser Invest
• Oscar Downstream
• RTC Proffice Experience
• Safeway International Impex
• Simtel Team
• Team Montage
• Temad Co.
• Leviatan Group

They are companies from different industries, but with a common characteristic: the openness to genuinely analyze their business and take it to the next level.

85% of BT customers who participated in this program also received the Best Managed Companies certification, which validates entrepreneurial performance according to international standards. Congratulations to all those who had the courage to register for this journey 🎉.

SEVERAL INSIGHTS

Beyond the numbers, the program brings to the surface a few very well-defined lessons, valid for any business, regardless of industry:

• In a volatile economic environment, innovation, creativity and critical thinking are no longer optional.
  
• Strategy in the long term it is essential, but equally important are vision and missionwhich give meaning to the chosen direction.
• The strategy must communicated clearly, at all levels in the company, not just in the management board.
• Implementation method the strategy's progress must be constantly monitored, through periodic meetings and adjustments when the context requires it.
• Performing companies must know which are resources they are the most valuable and invest constantly in protecting and developing them.
• Cultivation of the feeling of belonging (belonging) becomes a competitive advantage, alongside remuneration, contributing to the consolidation of the business from within and bringing cohesion and resilience to the company in the long term.
• Corporate governance, clear processes and the right people in the right roles are the foundation of a healthy business. Thus, the company is structured to function autonomously, and the direct involvement of the entrepreneur is no longer necessary.
  
  

#PEOPLEOFBT EXPERIENCE

From the perspective of our colleagues involved as coaches, the program is equally valuable:

And if we were to look in perspective maybe the most important gain is clarity andcourage. Clarity in strategy, in priorities, in decisions, but above all courage for the next steps. And if you feel that your business also has the potential to scale, see you at Best Managed Companies Romania, next year.