The MULTIVAC Group is a winner of the Best Managed Companies Award for 2023. Supported by the Federal Association for German Industry (BDI), the award is given by Deloitte Private and the Frankfurter Allgemeine Zeitung to medium sized companies in Germany, which are outstandingly well-managed. Christian Traumann, Group President of the MULTIVAC Group, received the award yesterday in Düsseldorf.
Medium sized companies are central to the German economy. The Best Managed Companies Award pays tribute to those family companies and medium sized enterprises, which are based in Germany and are outstandingly well managed and it is intended to act as a spur and an example for other companies to shape their own future with the same strategic vision, strength of innovation, sustainable culture and good management practice. During the application process the participating companies were judged for excellence in the following four core areas: Strategy, Productivity & Innovation, Culture & Commitment, as well as Finances & Governance. The precondition for the award is a high level of performance in all four areas. The prize winners were then selected by a jury, consisting of well known representatives from commerce, science and the media.
“The features of a Best Managed Company, such as the MULTIVAC Group, are a forward looking strategy, a high level of productivity, a distinctive culture of innovation, and a company management that is focused on values,” explains Dr Christine Wolter, Partner and Head of Deloitte Private. “Thanks to the combination of their appeal as an employer and established commercial success, these Best Managed Companies have an important “beacon” function in their particular region.”
“We are highly delighted with the new Award, which recognizes our company strategy and the efforts of all our staff members,” says Christian Traumann, Group President of the MULTIVAC Group. “Success is not a one way street, but rather it is based on responsible and trusting dialogue and cooperation with staff members, customers and suppliers. We are constantly striving to adapt our range of products and services to the changing requirements of our customers and the market. A significant factor in this success is certainly our wide product range.”
Another reason for the success of the company is its international focus. More than 80 subsidiaries throughout the world are a testament to the company’s closeness to its customers. “We are very conscious of the fact, that the world in which we live is facing great challenges. This is why as a leading company we want to make a major contribution in our sector, as well as living our common values and leading the way in the conflicting priorities, which sometimes arise between the demands of the market and the responsibilities of companies for the environment and society,” says Christian Traumann in summary.
The Best Managed Companies program is a competition, as well as being a seal of approval for successful medium sized companies. The vision is to build up a national and global structure of outstandingly well managed medium sized companies. The seal of approval for outstanding medium sized companies is currently awarded in more than 45 countries.
