Asia Business Leader Awards Goes Local in India
CNBC TV18, India’s leading business medium, in partnership with Airtel, brings to India for the first time the most definitive business leadership awards, India Business Leader Award 2005 (IBLA)
Winners of IBLA to represent India at the Asia Business Leader Award 2005 in Kuala Lumpur in November 2005
Hon Finance Minister, Shri P C Chidamabaram to be guest of honor at IBLA 2005 to be held in Delhi on October 01, 2005
Mumbai, August 11, 2005 – CNBC TV18, India’s leading business medium together with Airtel, India’s leading mobile service provider today announced plans to bring to India, the inaugural India Business Leader Awards(IBLA). The Awards programme is part of the prestigious regional-level Asia Business Leader Awards(ABLA), initiated by CNBC Asia, which has showcased and profiled outstanding examples of corporate leadership and excellence since its launch in 2001. Winners of the India Business Leader Awards 2005 will proceed to qualify as finalists at the Asia Business Leader Awards 2005, scheduled to take place this November in Kuala Lumpur, Malaysia.
The India Business Leader of the year 2005 will be felicitated in the presence of the Hon Finance Minister Shri P C Chidamabaram at a grand awards function to be held in Delhi on October 01, 2005.
As a build up to the India Business Leader Awards 2005 CNBC-TV 18 would also launch a special on air initiative. This would include a number of special 30-minute shows anchored by Govindraj Ethiraj, Corporate Editor, CNBC TV18.
The IBLA will be based on the unique three-phase judging process, which the Asia Business Leader Awards has become well known for. In the first phase, a dedicated team from the Awards’ Knowledge PartnerUniversity of Chicago Graduate School of Business (GSB) Asia Campus will shortlist semi-finalists based on four performance measures – Sales Growth, Operating Margin, Earnings Before Interest (EBIT) Per Employee and Return on Capital Employed (ROCE) – sourced from industry databases. The second phase of the judging process entails a face-to-face interview with the semi-finalists by Development Dimensions International, a global human resource consulting company specialising in leadership development and Research Partner of the Asia Business Leader Awards 2005. In the third and final phase, transcripts of the interviews with all the semi-finalists will be presented to a regional judging panel consisting of world-respected management strategists, academics and corporate personalities, who will select the winners. The judging panel will be overseen by Lead Judge Professor Mark E Zmijewski, Dean of Executive MBA programs, University of Chicago Graduate School of Business (GSB). The Indian representative on this jury is Dr Amit Mitra, Secretary General of FICCI.
Themed “A Celebration of Achievement”, IBLA 2005 will acknowledge business leadership that has been able to harness the opportunities that arise in today’s dynamic business landscape and for the ability to lead and succeed in laying solid foundations for their organisations.
IBLA 2005 will see the introduction of the following four award categories:
India Business Leader of the Year – Recognizes the chief executive who is able to retain loyal customers, inspire and motivate staff, grow profitability and turn corporate visions into reality.
India Corporate Citizen of the Year – Acknowledges outstanding contribution to the arts, education, the environment and community development.
India Innovator of the Year – Focuses on achievements in new product development and groundbreaking business processes, business models and strategies.
India CEOs’ Choice of the Year – Will be determined by a poll conducted with top executives throughout the region.
“CNBC-TV18’s has been at the forefront of bringing India to the world, and in many ways, the ‘world to India’, said Haresh Chawla, CEO, CNBC-TV18. “We proud to bring to India, this most definitive business leadership award. The India Business Leader Awards 2005 is a further acknowledgement of India’s importance and contribution to Asian and Global business. These awards help Indian business leaders get recognized globally and we hope that it helps strengthen India’s position as an emerging economic power.”
According to Mr. Atul Bindal, Director & Group Chief Marketing Officer, Mobility, Bharti Tele-Ventures Ltd., “Airtel is proud to partner the 2005 India Business Leader Awards. These awards recognize leadership excellence, achievements, contribution and the spirit of entrepreneurship in the Indian business community. As India’s leading mobile service provider, Airtel is pleased to partner CNBC in the recognition & development of inspiring & responsible business leaders in the country.”
“The IBLA 2005 will recognize local business leaders who have successfully steered their companies on the path to success by inspiring their employees to confront today's business challenges and by preparing them to identify and capture the opportunities that await them in this era of globalization. These outstanding business leaders know the value of keeping abreast of the latest innovations in business management to create and execute new business models that adjust to the ever-changing business environment," said Professor Mark E Zmijewski, Dean of Executive MBA programs, University of Chicago Graduate School of Business (GSB), Lead Judge of the distinguished panel judging the awards. "IBLA 2005 will salute those leaders who have effectively energised their companies to seize opportunities, laid the foundation for strong corporate governance, and developed a healthy corporate culture and community. It will culminate with the regional-level Asia Business Leader Awards which will celebrate the spirit of achievement and excellence in business leadership throughout Asia.”
Commenting on this initiative, the Indian representative on the global jury for the Asia Business Leader Award Dr Amit Mitra, Secretary General of FICCI said:- “The Awards are unique in their assessment procedure, objectivity and quantitative analysis. Led by University of Chicago Graduate School of Business, the Award also has a global standing. The Awards provide Indian business to demonstrate its global competence and unique entrepreneurial prowess”.
For further information contact:
Janice Goveas/ Lorraine Correa
Hanmer & Partners