PLATINUM BUSINESS AWARDS 2017 nominees are judged based on the following 5 Core evaluation criteria:
A. Business and Company
- History
- Market positioning
- Awards and accolades won
- Unique strengths and unique selling proposition
- Industry
- Milestones and achievements
- Patents/trademarks
- Core business
B. Company Philosophies
- Strategies for growth and evolution
- Board of Directors / Key management team
- Culture
- New initiatives embarked upon
- Vision and mission
C. Products, Services and Markets
- Products and/or services range
- Market size and market share
- Distribution channels
- Brand and design development
- Customer relationship management plans
- Spread and quality of customers
- Overseas and local market ratio
- Market development
- Overseas representation
- Pricing strategy
- Process efficiency
D. Operations and Technologies
- Accreditations e.g. ISO
- Research and development
- Adoption of information communication technology
- Quality of documentation e.g. operating procedures manual.
- Innovation
- Human capital development
E. Financial Performance
- Operating profit before and after tax over the past 3 years
- Profit and sales growth
- Exports and local sales ratio
- Return on capital employed
- Profit and sales per employee