Canada's Best Managed Companies investing in technology and talent for future success
In its 26th year, Canada's Best Managed Companies winners are focusing on intentional innovation, investment in future technology, talent, and global orientation
TORONTO, March 7, 2019 /CNW/ - Deloitte announces the winners of its Canada's Best Managed Companies awards program, highlighting the top privately-owned Canadian companies with annual revenues over $15 million. With 47 new winners in 2019, this year's companies attribute success to an increased focus on investment in technology and talent, innovation, and cross-border business. Best Managed winners also make future planning a priority by actively identifying and preparing for new challenges on the horizon.
"Every year the bar set by this elite roster of Best Managed companies is raised higher," said Peter E. Brown, National Co-Leader of the Canada's Best Managed Companies program and Partner, Deloitte Private. "Now 26 years since the program's inception, Best Managed companies are taking their successes global. Not only are winners securing Canada's place on the world stage, they're also proving to be more productive and sustainable across borders."
While Canada's Best Managed Companies continue to excel and find success in 2019, a leading trait among winners is a sharp focus on the future. By actively preparing for tomorrow, Best Managed companies are demonstrating resilience ahead of new challenges. According to a recent Deloitte study, 'Outlast and outperform', companies that make choices with a view toward long-term success have average revenues 47 per cent higher than those that do not.
"This year's Best Managed winners know what it takes to succeed in the future. By investing in innovation and embracing a people-centric approach, these companies are outpacing their competition," said Lorrie King, National Co-Leader of the Canada's Best Managed Companies program and Partner, Deloitte Private. "In thinking long term, these companies are already ahead of the curve and are set to be better prepared and successful in the years to come."
"This year's winners demonstrate exceptional leadership and commitment to drive growth," said Dino Medves, Senior Vice-President and Head, Commercial Banking at CIBC, a long-standing sponsor of the program. "Their success is a result of taking a deliberate approach to build strong teams and a vested interest in the future development of their talent."
Best Managed is a flagship program presented by Deloitte Private, a division of Deloitte exclusively focused on serving private clients of all sizes. Generation after generation, Deloitte Private has been by the side of the entrepreneurs transforming Canada's economy – and under its wing, the Best Managed program has grown to include 477 companies, offering a strong network to support the 47 winners of 2019. The network continues its expansion beyond Canadian borders, now with presence in 14 countries globally.