Today, Deloitte announced the winners of the 2014 Canada’s Best Managed Companies awards program, recognizing excellence in Canadian owned and managed companies.
This year’s winners are characterized by their continued focus on customer relationships as the foundation for growth, Deloitte says, adding that the companies have exhibited “exceptional business performance and outstanding leadership in the Canadian marketplace,” sharing an investment mindset that places them amongst the best in class.
The full list of winners can be viewed here.
Through the recession, Best Managed companies “continued to invest while most companies mined cash flow and remained conservative on investments,” according to Deloitte, and technology is a key investment area and priority for Best Managed companies whether it’s systems implementation, consolidation or upgrades to the front end or the back office.
“Investing involves risk because the outcome is unknown,” said Peter E. Brown, National Co-Leader of Canada’s Best Managed Companies program and Senior Practice Partner at Deloitte. “However, remaining stagnant poses a greater risk than the risk of potential failure because investing is critical to growth.”