The Gerald Edelman Family Business of the Year Award
Family firms champion economic growth, social impact and employer values. There are over 5m family firms in the UK, employing more than 14m people, according to the Institute of Family Businesses.
Large or small, the best family businesses have a long-term vision aligned to legacy, integrity and values with loyal employees and inclusive leadership.
This award celebrates family businesses that are exemplary employers, growing sustainably, delivering profit with purpose and having a positive impact on their communities.
Open to any UK-based family business, judges will look for those best demonstrating:
• Strong financial performance
• Inspirational leadership and effective management
• Innovation in products, services or processes
• Exceptional customer service & engagement
• Engaged and productive employees
• Profit with purpose, integrity and values
SCORING
In this category judges will compare the extent to which each candidate has demonstrated excellence in the following areas:
Employee & Customer Engagement 25%
- Evidence how your employer brand as a family business has improved employee retention and candidate attraction.
- How have you motivated and optimised your team to innovate to help you win or retain clients?
- What talent strategies, workforce models or initiatives have increased productivity and improved commercial performance?
- Provide case study examples and top line data to demonstrate how you have increased your customer base or market penetration over the last 18 months.
Leadership & Innovation 25%
- How have you created and sustained a culture of innovation or continual improvement?
- Provide evidence or case studies showing how an innovative product, service, solution or initiative has driven commercial success.
- Show how the management structure, leadership philosophy and culture of your company have supported scale or profitable growth over of the last 18 months.
Financial Performance & Growth 25%
- Explain your key growth metrics, including financial targets, KPIs, timescales and overall ambitions plus examples of milestones and barriers/challenges that have been overcome.
- How do you benchmark against your peers in terms of sales, profitability, social impact or market share?
- How has your company performed against your growth plan and what will help you to sustain future growth?
- Show examples and/or case studies of what has supported, or will drive further, commercial success.
Purpose Beyond Profit 25%
- How does your guiding mission, values or purpose align with your business model and growth objectives?
- What is your company doing to improve environmental, social or governance impact and how are these initiatives aligned with your overall ambition for the business?
- How has your approach to diversity, equity and inclusion improved employee / client attraction and retention.
