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William Dryden
GHANA
SME ONEHUNDRED
Be Elevated
Be Elevated
GHANA
SME ONEHUNDRED
Contents
Background Aims and Objectives Eligibility Criteria Evaluation Themes Special Award Categories Benefits to Awardees and Members Selection Process Application & Ranking Process Eligibility Criteria Events Media Blueprint Enquiries 2 3 4 5-9 10-15 16-17 18 19 20 21 22 23
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Background
The Ghana SME 100 Awards seek to identify Ghanas top SMEs that are role models for the business community. Unlike other rankings which are based mainly or purely on financial indicators, the Ghana SME 100 ranking places a balanced emphasis on financial and non-financial themes that affect enterprise performance and development. More than just a ranking, the objective of Ghana SME 100 is to inspire willing and able SMEs that have the potential to be world-class enterprises, to invest in innovation and people to sustain growth. The ranking also serves as a tool for helping SMEs identify capability gaps for improvement. The ultimate outcome is for Ghana to have more growth-oriented, innovative, capable and sustainable enterprises that can boost the socio-economic development of the nation.
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Eligibility Criteria
The company must be an SME by definition. Other criteria are as follows:
Criteria
Type of company
Description
The enterprise must be a for-profit business.
Presence
The enterprise must be registered in Ghana with the Registrar Generals Department. The enterprise must be in existence in Ghana for a minimum period of 3 years at the time of application.(Except the Rising Star Award) The enterprise must disclose audited financial statements for the past 3 years for the purpose of screening and follow -up application. Once shortlisted for evaluation, the enterprise must participate in the process of discussions, interviews, site visits, etc. and must furnish supporting details as required.
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Willingness to Participate
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Evaluation Themes
Overview of theme areas and key weights
Financial Parameters
50%
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25%
25%
Innovation
15%
15%
10%
10%
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Evaluation Themes
Overview of key themes
1. Growth Performance
6. Corporate Governance
2. Financial Soundness
Themes
5.International Orientation
3. Innovation
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Evaluation Themes
Explanation of Parameter
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financial ratios including return ratios (Return on Net worth, Return on Total Assets), liquidity ratio (Current Ratio), leverage ratio (Debt to Equity Ratio) and cash flow ratio (Cash Flow to Sales).
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Evaluation Themes
Explanation of Parameter
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Defined as a new way of doing something or "new stuff that is made useful.
3. Innovation 15% It may refer to incremental and emergent or radical and revolutionary changes in thinking, products, processes, or organizations.
Refers to both the process of doing something new and the output or result
arising from the innovative actions. Innovation may be linked to performance and growth through improvements in efficiency, productivity, quality, competitive positioning, market share etc.
Evaluation Themes
Explanation of Parameter
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The assessment of financial soundness is based on a combination of vari5. International Orientation 10% ous financial ratios including return ratios (Return on Net worth, Return on Total Assets), liquidity ratio (Current Ratio), leverage ratio (Debt to Equity Ratio) and cash flow ratio (Cash Flow to Sales). torships, agency arrangements, etc.
integrity, and accountability, is about the management and control of companies, providing a framework that defines the rights, roles, and responsibilities of various groups. Companies will be assessed on presence of Advisory Board, documentation of rights, roles & structure of the Board of Directors, effectiveness of management control and documentation of key policies & procedures.
This theme will also measure companys efforts towards achieving corporate
excellence as demonstrated by Awards, Quality Certifications etc.
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The top 3 companies for each of the following industries will be awarded.
- Agriculture and Agribusiness - Education - Financial Services - Information and Communication Technology - Petroleum and Mining Services - Commerce - Health - Manufacturing - Services
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Definition This is bestowed on a successful individual who has achieved as an out standing entrepreneur.
Selection Criteria The award recipient must have exhibited entrepreneurial spirit and must be originated from small medium businesses. His/her achievements must be impressive enough to inspire the aspirations of thousands of SME entrepreneurs who are looking for a role model to emulate, especially as a CEO or Managing Director of a listed company. (By invitation only)
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Definition This award is bestowed on corporations/institutions such as government statutory bodies, NGOs, financial institutions or service providers/ facilitators which have contributed significantly to the promotion and development of SMEs in the country. The contribution could be pecuniary or non-pecuniary in nature to the SMEs community to help develop or improve their operations.
Selection Criteria Invitees must have played a prominent and proactive role in the promotion and development of SMEs, especially during their formative or growing stages, by providing solutions that enhance SME's competitive edge and operation efficiency. (By invitation only)
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Definition This is bestowed on young SMEs which have displayed great potential to become successful players in local and international marketplace. They are companies that are on the verge of a breakthrough and will become successful, when given the necessary financial support, guidance and nurturing. There will be two awards for male and female winners.
Selection Criteria The company must be able to present a unique, competitive and potential business concept and/or strategy yet to be executed and/or successful. (By Invitation)
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Definition This award is to salute the years most outstanding communication initiatives and programs in the highly competitive and dynamic Corporate Social Responsibility (CSR) arena on non-listed SMEs that give attention to social and environmental concerns in addition to economic goals (balancing between financial profits, economic value addition and social good).
Selection Criteria To be eligible, the campaign or PR initiatives must have taken place (either in part or in full) during the last 2 years. Some of the work must have occurred during this time, but its not necessary for it to be completed during the eligible period, and it can be ongoing. (By invitation)
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Selection Process
Overview of the process Key stages 1
Interested SMEs can register by completing a simple Registration Form
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Eligible SMEs would receive a registration number with username & password from SME 100 team
SME to login on the website and provide more details about their business by filling up an Application Form
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Final evaluation by SME 100 team.
Applicants are shortlisted based on financial parameters and invited for further participation
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Award of Ghana SME 100 for 2013
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0 Registration Fo
rm
me
Owner Email Owner Phone Key Point of Cont act re Proprietorship Limited Liabilty Manufacturing Trading Services Partnership
Business Structu
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Eligibility Criteria
Participating SMEs to meet the following eligibility criteria
To be eligible for the Ghana SME 100 ranking, an enterprise should meet the threshold defined by the official definition of SMEs in Ghana as shown below. An SME is defined as an entity engaged in an economic activity, with a legal form i.e. registered as a business with the Registrar Generals Department and meets the thresholds of employee headcount AND turnover as applicable to the industry group it belongs to (Trading / Manufacturing / Services).
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Events
Official Launch This is a media event that affords a select audience to preview the 2013 awards. This will ultimately create buzz and expectation about the awards and have a viral effect. Guests will include current and potential sponsor-partners, high-profile figures, public personalities and of course the media
The Gala Night The live final event is the crown jewel of the awards process. This is when winners are announced to great pomp and pageantry. A highly charged entertainment extravaganza, the final event is the last word in glamour and excitement. The concept is a very elegant banquet event, replete with wining and dining as well as an electrifying line up of entertainment.
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Media Blueprint
Based upon target market insights, we have created a media plan that will generate awareness, interest, excitement, as well as participation in Ghana SME 100. We will also be concentrating a large portion of our publicity effort on the promotion of our sponsoring partners, a key part of this strategy. (See media schedule attached). Other Event Promotion In addition to paid and promotional media, we will embark upon a comprehensive publicity and non-media promotional campaign. Press Releases Regular press releases will be arranged and published to increase public awareness before, during and after the expo. Web site www.ghanasme100.org We have developed a year round website that will contain a wide variety of information about the awards and its sponsors. The website will feature on all appropriate media promotion and publicity. Direct Mail We will conduct the bulk of our direct mail using e-mail to the several thousand people who request information about the awards. Direct Mail invitations will be sent to over 100,000 SMEs across the nation. These include manufacturers, importers, distributors, exporters, buying offices, services provid22
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