Excellence in Corporate Governance
Tuesday, October 3, 2023
Once again Qualysoft was honored to be awarded one of Hungary's Best Managed Companies in 2023. The premium business program run by Deloitte rewards outstanding private companies for their excellence in business management.
[Budapest], [Hungary] - The "Deloitte Best Managed Companies" is a global business program designed to recognize excellence in business management. The initiative was organized for the second time this year in Hungary, with cooperation partners the Budapest Stock Exchange, the Budapest Business University, the National Association of Employers and Industrialists, the National Bank of Hungary and OTP Bank.
"The best-managed businesses share characteristics that enable continuous and sustainable growth. One of these characteristics is that they were able to see changes as opportunities even in the challenging economic environment of recent years. Thanks to their commitment, flexibility, and forward-looking mindset, they have managed to sustain progress" – said Gábor Koka, Senior Partner in Deloitte Private's Central Europe region.
The rigorous application and review process is carried out by an independent jury that uses a thorough assessment (strong focus on a strategic business plan, productivity, and innovation) to evaluate the participating companies. Sixteen Hungarian companies including Qualysoft earned the Best Managed Companies award in 2023, and all participants have been mentored by Deloitte's leading experts to take their businesses to the next level:
The winners share a number of paramount qualities that enable continued and sustainable growth. These include a uniquely designed and well-communicated strategic plan and a strong focus on improving productivity and innovation.
Qualysoft Strategic Directions:
Qualysoft uses a single, structured methodology to plan its corporate strategy, which is developed at all levels of the organization, annually, for the next 12 months. The strategy development relies on the company's competence centers. Strategic planning involves all employees and is reviewed on a quarterly basis. Transparency among the employees is also essential for the company. Collaborating business lines is more than just “cooperating” with other teams. It involves cultivating a shared vision, mutual respect, and an in-depth understanding of each other's roles. Each department strives for a common goal of achieving the best business outcomes.
IT Industry Knowledge
Knowing and understanding the internal business processes, controls, duties, and market trends leads Qualysoft to succeed in the IT industry. This information goes beyond academic content and requires over 23 years of active business in the industry. Gaining such knowledge is always ongoing, especially in dynamic industries like IT services where technology and the economy play a crucial role.
Qualysoft provides an ecosystem of support and recognition that sustains colleagues to achieve their highest potential. That’s more than just handing someone a paycheck. We promote a learning culture, an environment that demonstrates and encourages individual and organizational learning, and where both gaining and sharing knowledge is prioritized, valued, and rewarded. Second of all, employees have the freedom to get their job done and enjoy a healthy work-life balance. We measure employee satisfaction through a monthly Health Check. The results provide help managers sustain their teams. It's also a good practice to digitalize the annual, more complex satisfaction survey. Nevertheless, employees can enjoy fun and exciting periodic activities outside the office. More than that, the top management is open to employees taking on ownership and bringing forward innovative ideas. We have a two-way feedback culture that allows employees to share their ideas, experiences, and opinions about each other.