Morison Menon Chartered Accountants provides professional advisory services in the areas of Accounting Dubai ,UAE Accountants,Dubai Accountants,business consulting,set up services UAE,Business services,hr consulting,Incorporation help,company formation Dubai,performance consulting in Dubai,UAE. For more information visit : http://www.morisonmenon.com/

2. SME Awards 2010
Methodology

3. Award Highlights
• 22 categories of awards, recognizing:
o Industry achievement - 14 awards
o Business functions - 3 awards
o Support partners - 5 awards
• Nominations received from 3400+ SME’s from UAE
• Award recognizing the "women entrepreneur" and "best
new business"
• Only one award from each category

4. Category - Industry Achievement Awards
• Trade • Hospitality and tourism
• Manufacturing • Construction and real
estate
• Retail • Green business of the year
• Media and marketing • Admirable woman
entrepreneur
• Professional services • Emirati entrepreneur of the
year
• Health and wellness • Business star of the year
• Technology and online • The one to watch (best new
business)

5. Category – Business Functions
• Effective financial implementation
• Incredibly innovative approach
• Best technology implementation

6. Category – SME Support Partners
• Consultants
• Transportation and logistics
• ICT support and services
• Banking and Finance
• Insurance

7. Nomination Criteria
• All SME's with valid trade license of UAE
• Employee strength not exceeding 500 *
• Annual revenue not exceeding AED 100 million*
• Self nominations
• Nominations for more than one category of award
permitted
* Excludes for SME support partner category awards

8. Criteria for Initial Screening
• Annual turnover
• Employee strength
• Year of establishment
• Completeness of the nomination application

9. Criteria for final Selection
• Management Strength - 20 points
o Management philosophy and Visionary leadership
o Ownership pattern*
o Role model to other women (applicable for admirable women
entrepreneur award)
o Representation to women in employment
o Shining example of perseverance
• Products and markets - 15 points
o Number of countries to which exported
o Categories of products targeting the market segment
o Any intellectual property in company’s name
* Applicable only for “Emirati entrepreneur” and “Admirable Women entrepreneur award”

10. Criteria for final selection
• Operations - 20 points
o HR policies and training
o Use of automation in operations
o Quality systems and processes
o IT system and processes
o Adoption of green technology
o Website/Social Media promotion
• Financial performance - 20 points
o Net Profit Percentage
o Revenue Growth Percentage
o Net Working Capital (Current Assets - Current Liabilities)
o Return on Equity (Net Profit / Capital Employed)

11. Criteria for final selection
• Contribution to the national/regional development. - 10 points
o Made in UAE
o Employment to nationals
o Number of branches in UAE and GCC countries
o Corporate Social Responsibility (CSR) Initiatives
• Customer Focus - 15 points
o Use of metrics
o Customer related practices/ Customer relation officer

12. Ranking Methodology
• Panel of five Judges from different industry segments involved
in selection process
• Uniform scoring mechanism used to reduce induced variability
• Cumulative highest scorer declared winner in each award
category
• In case of tie, the maximum score in a particular criteria in the
following order was considered
o Contribution to national and regional development
o Management strength
o Customer focus
o Financial performance
o Operations
o Products and markets

13. Role of Morison Menon
• Devised the scoring and weightage for each criteria
• Compiled the scores provided by the independent judges
to arrive at the winners
• Short listing and evaluation of nominees based on
review documents and questionnaire provided by the
nominees