When is an Award not worth its weight?
1 year ago by Jack Evangelides

When is an Award not worth its weight?

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So that no-one gets the wrong idea, the headline is not referring to the award pictured above so please do read on... Towards the end of 2016, my company Cedar Rose was awarded a Credit Excellence Award for the Export and International Category of the Credit & Collections Risk Magazine. For this award, there was a lengthy selection process involving submission of a great deal of information about our company which was judged by a panel of industry judges and the awards were presented at a nice dinner event following the CCR Interactive conference held in London. We were very proud and pleased to receive the award and felt it was actually well deserved and a justifiable recognition of a lot of hard work on the part of all of our teams at Cedar Rose. More recently, we were also awarded the Best Risk Management Firm - MENA award from another magazine with an online nomination, voting and entry system. This was a bittersweet moment for us as although we believe we really are one of the best risk management firms in MENA, we really didn`t feel that enough questions had been asked to make an educated judgement and the organisation behind the award was not willing to share with us who had nominated us or who, in fact, had voted for us. I should imagine in this particular category there was very little competition in any case, as only a handful of companies operate in the due diligence and business intelligence arena for the MENA region. The organisers were, however, pleased to offer us pages of coverage in their magazine, a nice trophy and a winners logo to use - all at a cost running into hundreds of pounds of course. Otherwise, we would just be listed as the winners of this particular category on their website, which I suppose we still will be once they have exhausted their heavy sales efforts. I`m wondering if any readers out there have had similar experiences with awards that feel a bit more like an ego pandering scheme than genuine recognition of excellent work. Or am I just being too cynical? Find out more about Cedar Rose through articles such as: "BUSY TIMES AHEAD AT CEDAR ROSE." Written by Christina Massaad, Managing Director Sourced Image: LinkedIn
*** The sole purpose of the article above is to generate public discussion, it has no intention to constitute legal advice. ***