Rolls Royce wins inaugural 'continual excellence' award in Britain's Most Admired Companies
By Michael Northcott Monday, 03 December 2012
After a great year and topping the engineering (aero and defence) category for the ninth year running, RR has won the first ever BSI award for Continual Excellence.
Latest Stories from Management Today
The new award recognises the fact that Rolls Royce is one of BMAC’s most consistent performers, with more Top 10 appearances in the last five years than any other firm. Despite manufacturing for other sectors taking a hit over the last 12 months, Rolls Royce has managed to increase first-half revenues by 5% to £5.76bn, with full-year prospects looking even stronger. Rolls Royce jet engines are on order to power 25 new Airbuses for Singapore Airlines (which may be about to ditch its share in Virgin Atlantic), in a deal with £1.6bn to the manufacturer. Such success, and the fact that it has won in the Engineering (Aero & Defence) category for the ninth year running, has earned it special recognition for ‘continual excellence’.
The chief executive of BSI (the awards’ official sponsor) Howard Kerr, said: ‘Organisations consistently recognised by their peers as market leaders have demonstrated the need for continual improvement and have consistently challenged organisational complacency in their pursuit of success.’ He added: ‘Rolls Royce has demonstrated just that – they are synonymous with quality and renowned for their sustained commitment to excellence.’
A spokesperson for Rolls Royce said: ‘"We are very pleased to be honoured with this prestigious award, which recognises our long term commitment to excellence. We take our reputation very seriously and consistently strive to ensure that we deliver quality in all that we do.’
Reputation is what the BMAC awards are all about: there is no panel of judges here at MT – only companies and their peers, ranking each other according to a set of nine criteria. There are 26 sectors, and firms must choose who is best on each criterion from their 10 closest rivals.
The results of BMAC 2012 are published today, naming drinks manufacturer Diageo as Britain’s Most Admired Company. For more information on sector rankings, criteria and then league table as a whole, click here to read MT’s feature on how the rankings are calculated. Congratulations to all winners.