Through the recession, Best Managed
companies continued to invest while most
companies mined cash flow and remained
conservative on investments. The invest-
ment risk taken by Best Managed com-
panies contributes to strong growth and
financial performance, putting them ahead
of other organizations that waited until the
economy reset in the post-recession to
make investing in their business a priority.
"Investing involves risk because the out-
come is unknown," said Peter E. Brown,
National Co-Leader of Canada's Best Man-
aged Companies program and Senior Prac-
tice Partner at Deloitte. "However, remain-
ing stagnant poses a greater risk than the
risk of potential failure because investing
is critical to growth."
Technology is a key investment area and
priority for Best Managed companies
whether it's systems implementation,
consolidation or upgrades to the front end
or the back office. Best Managed compa-
nies invest in technology to help maximize
productivity. It also provides access to data
to enable greater efficiency with business
processes and to gather insights to help
strengthen customer relationships.
"CIBC celebrates the accomplishments of
this year's winners who have reached the
highest levels of business excellence," said
Left to Right: Mike Runia, National Co-Leader of Canada’s Best Managed Companies program and Ontario Man-
aging Partner, Deloitte; Peter E. Brown, National Co-Leader of Canada’s Best Managed Companies program and
Senior Practice Partner at Deloitte
8 business elite canada
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MAR/APR 2015
