European Business Awards reveal the businesses defying the downturn
Released on: March 17, 2009, 6:34 am
Author: Iain Bruce
Industry: International Trade
A panel of respected business experts judging the 2009
European Business Awards has revealed that despite the economic
downturn, the entrepreneurial spirit is alive and well.
With the European Business Awards judging
process close to completion, Mr Isidoro Unda - chairman of the panel assessing
nominees for the Atradius Growth Strategy of the Year Award - believes that
Europe's business scene remains vibrant and forward-thinking in the face of
challenging trading conditions.
"The entrepreneurial spirit is alive and well throughout Europe. Entrepreneurial is
an overused expression - often attributed to maverick businesses - but the word
rightly describes these nominees. They are all driven by their own self-belief and
ability to engage others in their mission, creating enthusiasm and commitment from
those who work for and with them." said Unda, CEO of risk insurance specialists
"Since the commercial landscape has changed radically over the past year, the
downturn in the global economy must surely play on every business' mind when
deciding future strategy. But dynamic and creative businesses will always adapt and
find new outlets, often when their competitors are being overly cautious or simply
looking in the wrong direction."
Ten companies are in the running for this year's Atradius Growth Strategy of the
Year Award. They include the
Ashtead Plant Hire Company Limited, Bright Grey, Petroleum Experts, TotalPDA and
Webmart from the UK, Poland's Mellon Poland Sp.z o.o, French companies GYS and
Webhelp, and Dutch firms De Nederlandse Energie Maatschappij B.V. and Huxley
With all 10 companies demonstrating outstanding growth over the past year, the EBA judges were impressed with the
nominees' proven ability to cope with fluctuating markets. Candidates such as print
specialist Webmart - which reported a growth rate of 23.16% in 2008 - have responded
to the credit crunch with a range of positive strategies.
"The downturn has created a fantastic opportunity for companies prepared to go out
and grab them and we've decided to invest faster in our software development and
marketing to take advantage of the recession. Each €1 invested now is worth €2 in
relative competitive advantage as our rivals are cutting their investment, so by
building an increased strategic advantage now we will benefit disproportionately
when the inevitable economic upturn begins," said Webmart CEO Simon Biltcliffe.
About The European Business Awards:
The European Business Awards is an independent Awards programme designed to
recognise and promote excellence, best practice and innovation in the European
business community, in line with the broad aims of the European Union and business
representative groups across the member states.
Celebrating its third successful year, the European Business Awards highlight and
promote examples of individuals and organisations that achieve outstanding results
across a variety of disciplines - from environmental concern to marketing and ICT -
results that set them apart as leaders in Europe.
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