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​​​​​​RAKEZ Business Excellence Awards

Government of Ras Al Khaimah - Department of Economic Development




Under the patronage of His Highness Sheikh Ahmed bin Saqr Al Qasimi, Ras Al Khaimah Economic Zone (RAKEZ) hosts the annual RAKEZ Business Excellence Awards 2018.

 

With the mission of inspiring excellence, RAKEZ in collaboration with RAK Economic Department will recognise the companies that played a key role in the economic development of the emirate of Ras Al Khaimah.


The awards programme is supported by a rigorous assessment process, conducted by an independent committee that will choose the nominees and winners following a thorough analysis of the submissions from the competing organisations.

 

Categories

Best New Startup

 

Aimed at companies that have been trading for less than one year, this category will have judges looking for innovative business ideas or a clear point of differentiation. Did the organisation identify a gap in the market for something new, or perhaps offer an established product/service with a special twist? The judges will focus on future potential rather than an entrant’s ability to show turnover and profit growth at this early stage. Focusing on the business plan, judges will look at how targets and KPIs have been exceeded and how the vision for growing the business has been executed in terms of turnover, employment and expansion.

 

If your business is less than one year old but has already achieved something great, we want to hear your story in this category. The first year of a business is an exciting but difficult time. It can be a constant struggle, but it leaves entrepreneurs ready to push forward. We want to reward the business owners who are slugging away on year two and are ready to excel in their third year.          


Scoring

For each entry in the Best New Startup category, judges will compare the extent to which candidates have demonstrated excellence in the following core areas:

§  Growth 15 pts

§  Innovation 20 pts

§  Staff Engagement 15 pts

§  Customer Service 15 pts

§  Leadership 15 pts

§  Ethics 5 pts

§  Financial Performance 15 pts

§  Total 100 pts

 

Award

Winner in this category will be awarded with AED 20,000.

CLICK HERE TO DOWNLOAD ENTRY SUBMISSION FORM

All written entries and supporting data must be submitted by 20 October 2018.

 

Best Small Business of the Year

 

Aimed at small companies with 25-50 employees that have been in the market for a few years and striving to build their own database of clients and increase their level of engagement. Focusing on the business plan, judges will look at how targets and KPIs have been exceeded and the vision for growing the business in terms of turnover, employment and expansion.


Scoring

For each entry in the Best Small Business category, judges will compare the extent to which each candidate has demonstrated excellence in the following core areas:

§  Growth 20 pts

§  Innovation 15 pts

§  Staff Engagement 15 pts

§  Customer Service 15 pts

§  Leadership 15 pts

§  Ethics 5 pts

§  Financial Performance 15 pts

§  Total 100 pts

 

Award

Winner in this category will be awarded with AED 20,000.

CLICK HERE TO DOWNLOAD ENTRY SUBMISSION FORM

All written entries and supporting data must be submitted by 20 October 2018.

 

 

Best Contributor to RAK Development

 

This award recognises the company or organisation that has made the most significant contribution to the growth of Ras Al Khaimah by enhancing the emirate’s economic and social development.


Scoring

In the Contributor to Ras Al Khaimah Development category, judges will compare the extent to which each candidate has demonstrated excellence in the following core areas:

§  Growth 15 pts

§  Innovation 15 pts

§  Staff Engagement 15 pts

§  Customer Service 15 pts

§  Leadership 15 pts

§  Ethics 10 pts

§  Financial Performance 15 pts

§  Total 100 pts

 

Award

Winner in this category will be awarded with AED 30,000.

CLICK HERE TO DOWNLOAD ENTRY SUBMISSION FORM

All written entries and supporting data must be submitted by 20 October 2018.

 

 

Best Corporate Social Responsibility

 

This category is to reward responsible business practice across the environment and community. The judges will look for innovative CSR strategies or initiatives that have or are currently making a real difference to people at a local, national or international level.

This award celebrates organisations that address a social or environmental need while reinvesting profit or surplus from trade to achieve their social missions. The award also recognises those achieving the greatest impact while demonstrating excellence in all aspects of enterprise – from innovation, staff engagement and customer focus to growth, leadership and financial performance. Judges will look for pioneering ideas and approaches that can be adapted in other areas of community service, and will assess each candidate on the sustainability of the model and potential for lasting improvement.



Scoring

For each entry in the Best Corporate Social Responsibility category, judges will compare the extent to which each candidate has demonstrated excellence in the following core areas:

§  Growth 10 pts

§  Innovation 15 pts

§  Staff Engagement 15 pts

§  Customer Service 15 pts

§  Leadership 15 pts

§  Ethics 20 pts

§  Financial Performance 10 pts

§  Total 100 pts

Award

Winner in this category will be awarded with AED 20,000.

CLICK HERE TO DOWNLOAD ENTRY SUBMISSION FORM

All written entries and supporting data must be submitted by 20 October 2018.

 

How To Apply

1 SELECT THE CATEGORY

RAK DED companies may submit in any of the four categories as they wish, but each entry must be submitted individually under the appropriate category.

2 DOWNLOAD THE SUBMISSION FORM

Each applicant must download and complete one submission form for each award category that the company is entering. All applications shall be typed in either English or Arabic languages, not handwritten.

3 MAIL YOUR ENTRY

Send your signed submission form along with relevant supporting data and additional background information such as press clippings, letters, reports, etc. to ded.awards@economic.rak.ae

All written entries and supporting data must be submitted by 20 October 2018.

 

Effective Pointers

Here are some effective pointers to complete the form:

§  Answer all of the questions

§  Look out for those scoring areas with the highest weightings

§  Tell a story and paint a picture

§  Use brief anecdotes, case studies and testimonials

§  Avoid unnecessary details

§  Provide financial figures in terms of percentages to help in assessing the financial performance of your company

§  Focus on exceptional and attention-grabbing aspects

§  Demonstrate impact

§  Present key facts and figures in context

§  Highlight importance

§  Answer the question: why is the achievement significant for your business, industry or region

 

Terms for Submission

GENERAL RULES AND GUIDELINES FOR THE RAKEZ EXCELLENCE AWARDS:

§  Nominees for all categories will have to submit a written submission with their achievements in the last two years.

§  Participation in the award is optional, but we urge all free zone and non-free zone companies to participate.

§  Minimum of 40 points score is required in all categories; otherwise the category will not be included.

§  Minimum of two nominees are required for each category. However, if only one nominee is nominated, then a minimum of 50 points score is required. In cases where the scores are equal, then no more than 2 nominees are allowed to be selected.

§  Winners will be awarded in accordance to the incentives policies approved by RAKEZ Business Excellence Awards.

§   RAKEZ Business Excellence Awards will select the judging committee members.

§  The organisation may submit entries in as many categories as they wish, but the individual entries must be submitted under each category.


RIGHTS AND LIMITATION OF LIABILITY:

§  All entry submissions are the property of RAKEZ Business Excellence Awards.

§   RAKEZ Business Excellence Awards, at its sole discretion, has the right to alter or cancel part or all of the Awards at any time.

§   RAKEZ Business Excellence Awards excludes all liability for any loss, injury or damage suffered or incurred by you and arising from or in relation to the Awards, whether arising from breach of contract, tort, and negligence or otherwise, including the breach of any third party intellectual property rights.

§  ​You agree to indemnify and hold RAKEZ Business Excellence Awards and its respective partners and employees harmless from and against any liabilities, losses, claims, costs damages or expenses (or action that may be asserted by any third party) that may result from any third party claims arising out of or in relation to your participation in the awards programme.​

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