What the Champions League is for football clubs, the EFQM Excellence Award (EFQM Award) is for excellent organisations. Anyone who cares about organisational management and sustainable growth cannot avoid the EFQM Award. Every year the best performing organisations in Europe compete to win this coveted EFQM Award. The winner awaits eternal fame of course, but it is not about honour alone. Meet the five most important reasons why it is smart to go for an EFQM Excellence Award.
It's not easy to win the EFQM Award, but the rewards are impressive: an EFQM Award is thé confirmation that the organisation performs excellently. You have, after all, convinced a qualified assessment team that the organisation has achieved sustained good performance by meeting the needs and expectations of all stakeholders. The EFQM Award is the ultimate prize, the highest recognition of sustainable excellence.
If you want to win the EFQM Award, you will have to commit as an organisation. To work together as a team is the only way to reach success. An EFQM Award is therefore a strong common goal, a binding factor that increases employee motivation significantly.
The EFQM Award diner resembles the Oscar ceremony somewhat: a nice venue, lots of glitter and glamour, and a lot of press. When presented with the EFQM Award one needs to count on a lot of media attention. Not just during the ceremony, but also after: winners are considered to be successful case studies, organisations to learn from. This means exposure both short and long term.
The growing global population combined with an increasing scarcity of resources is strengthening the call for a more sustainable planet. But this is only feasible in combination with excellent organisational management, where financial and non-financial performances are equally important. And despite all well-intentioned sustainability goals, if you do not know how to reach your goals, you will still go nowhere. By using the EFQM Excellence Model you translate ambitions into reality. Not a simple process, but the EFQM Award then proves that you can do it!
An EFQM Award is the ultimate reward, but there is another prize to win: the assessment team provides all applicants with a feedback report. The report specifies how strengths and areas for improvement relate to the organisation’s ability to achieve strategic objectives, now and in the future. The feedback report represents enormous value that participating in the EFQM Award is always a good idea, even if the Award is not coming home with you.
All EFQM Award applicants are visited by an assessment team, thé crucial moment during the EFQM Award process. But what is an assessment? And what exactly happens during an assessment? To what extent is it different from an audit? More on that next week.
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